MA RES 1997-009RESOLUTION NO. MAC 97 -09
A RESOLUTION OF THE RANCHO PALOS VERDES JOINT POWERS
MAINTENANCE AUTHORITY ADOPTING THE OPERATING BUDGET
FOR FISCAL YEAR 1997 -98
WHEREAS, the Commission of the Rancho Palos Verdes Joint Powers Maintenance
Authority desires to adopt the following resolution adopting the operating budget for the
1997 -98 fiscal year.
NOW, THEREFORE, BE IT RESOLVED, THAT THE COMMISSION OF THE RANCHO
PALOS VERDES JOINT POWERS MAINTENANCE AUTHORITY DOES HEREBY ADOPT
THE FOLLOWING 1997 -98 OPERATING BUDGET.
SECTION 1: The 1997 -98 Revenue Budget is hereby adopted, establishing the
following revenue levels:
1997 -98
PROGRAM ADOPTED BUDGET
Maintenance - Portuguese Bend $ 50,400
Maintenance - Abalone Cove 70,000
TOTAL REVENUES $ 1201400
SECTION 2: An operating budget for Fiscal Year 1997 -98 is hereby adopted as
contained in the Annual Budget of the Rancho Palos Verdes Joint Powers Maintenance
Authority attached hereto and incorporated and referenced as part of this resolution. The
following expenditure levels are hereby established:
1997 -98
PROGRAM ADOPTED BUDGET
Maintenance - Portuguese Bend $ 44,000
Maintenance - Abalone Cove 1081000
TOTAL OPERATING EXPENDITURES $ 152,000
SECTION 2: Upon adoption of said Budget, the Commission may revise and /or
update said Budget in part or in its entirety, depending on the Authority's fiscal resources,
circumstances, and needs.
SECTION 3: The Chief Administrative Officer of the Rancho Palos Verdes Joint
Powers Maintenance Authority shall be responsible for administration and execution of said
Budget.
PASSED, APPROVED, AND ADOPTED THE 1ST DAY OF JULY, 1997.
11'0r�sibN C"wFfA r N
ATTEST:
MMISSION SECRETARY
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, JO PURCELL, Authority Secretary of the Rancho Palos Verdes Joint Powers
Maintenance Authority, hereby certify that the above Resolution No. MAC 97 -09 was duly
and regularly passed and adopted by the said Joint Powers Maintenance Authority at
regular meeting thereof held on July 1, 1997. -j
COMMISSION SECRETARY
-2- Resol. No. MAC 97 -09
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