IA RES 1998-007RESOLUTION NO. IA 98 -07
A RESOLUTION OF THE RANCHO PALOS VERDES
IMPROVEMENT AUTHORITY AMENDING RESOLUTION IA
97 -091 THE OPERATING BUDGET FOR FISCAL YEAR 1997-
98, TO INCREASE THE PORTUGUESE BEND BUDGET
WHEREAS, Section 3.32 of the Rancho Palos Verdes Municipal Code provides
that all expenditures in excess of budgeted allocations must be by supplemental
appropriation of the City Council; and
WHEREAS, On July 1, 1997 the Rancho Palos Verdes Improvement Authority
adopted Resolution No. IA 97 -09, approving a spending plan and authorizing a budget
appropriation of the 1997 -98 fiscal year; and
WHEREAS, the Rancho Palos Verdes Improvement Authority desires that the
budget appropriation for the FY 1997 -98 Portuguese Bend fund be increased; and
BE IT, THEREFORE, RESOLVED BY THE RANCHO PALOS VERDES
IMPROVEMENT AUTHORITY:
The following revenue increase be made to the FY 1997 -98 budget for the
Improvement Authority's Portuguese Bend fund:
885 - 391.10 Transfer In $551000.00
The following appropriation increase be made to the FY 1997 -98 budget for the
Improvement Authority's Portuguese Bend fund:
885 - 885 -30 Maintenance Services $ 551000.00
PASSED, APPROVED, AND ADOPTED THE 7TH DAY OF JULY, 1998.
AUTHORITY CHAIR
ATTEST:
r
A' HORITY SECRETARY
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )ss
IX t
CITY OF RANCHO PALOS VERDES )
I, JO P U RC E LL, Authority Secretary of the Rancho Palos Verdes Improvement
Authority hereby certify that the above Resolution No. IA 98 -07 was duly and regularly
passed and adopted by the said Improvement Authority at a regular meeting thereof
held on July 7, 1998.
AUTHO ITY SECRETARY