IA RES 1999-008RESOLUTION NO. IA 99 -08
A RESOLUTION OF THE RANCHO PALOS VERDES JOINT POWERS
IMPROVEMENT AUTHORITY ADOPTING THE OPERATING BUDGET
FOR FISCAL YEAR 1999 -00
WHEREAS, the Commission of the Rancho Palos Verdes Joint Powers Improvement
Authority desires to adopt the following resolution adopting the operating budget for the
1999 -00 fiscal year.
NOW, THEREFORE, BE IT RESOLVED, THAT THE COMMISSION OF THE RANCHO
PALOS VERDES JOINT POWERS IMPROVEMENT AUTHORITY DOES HEREBY
ADOPT THE FOLLOWING 1999 -00 OPERATING BUDGET WHICH IS HEREBY
ATTACHED AS EXHIBIT A, AND MADE A PART THEREOF.
SECTION 1: The 1999 -00 Revenue Budget (inclusive of transfers from the City's
General Fund) is hereby adopted, establishing the following revenue levels:
1999 -00
PROGRAM ADOPTED BUDGET
Maintenance - Portuguese Bend $ 95,200
Maintenance - Abalone Cove 75,000
TOTAL REVENUES $ 170,200
SECTION 2: An operating budget for Fiscal Year 1999 -00 is hereby adopted as
contained in the Annual Budget of the Rancho Palos Verdes Joint Powers Improvement
Authority attached hereto and incorporated and referenced as part of this resolution. The
following expenditure levels are hereby established:
1999 -00
PROGRAM ADOPTED BUDGET
Maintenance - Portuguese Bend $ 95,200
Maintenance - Abalone Cove 45,600
TOTAL OPERATING EXPENDITURES $ 140,800
SECTION 2: Upon adoption of said Budget, the Authority 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 Improvement Authority shall be responsible for administration and execution of said
Budget.
PASSED, APPROVED, AND ADOPTED THE 1ST DAY OF JUNE, 1999.
AUTHORI HAIRPERSON
ATTEST:
SECRETARY
State of California
County of Los Angeles
City of Rancho Palos Verdes
)ss
I, JO PURCELL, Authority Secretary of the Rancho Palos Verdes Joint Powers
Improvement Authority, hereby certify that the above Resolution No. IA 99 -08 was duly and
regularly passed and adopted by the said Joint Powers Improvement Authority at regular
meeting thereof held on June 1, 1999.
ORITY SECRETARY
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