IA RES 2000-006RESOLUTION NO. IA 2000 -06
A RESOLUTION OF THE RANCHO PALOS VERDES JOINT POWERS
IMPROVEMENT AUTHORITY ADOPTING THE OPERATING BUDGET
FOR FISCAL YEAR 2000 -01
WHEREAS, the Commission of the Rancho Palos Verdes Joint Powers
Improvement Authority desires to adopt the following resolution adopting the operating
budget for the 2000 -2001 fiscal year.
NOW, THEREFORE, BE IT RESOLVED, THAT THE COMMISSION OF THE
RANCHO PALOS VERDES JOINT POWERS IMPROVEMENT AUTHORITY DOES
HEREBY ADOPT THE FOLLOWING 2000 -2001 OPERATING AND CAPITAL BUDGET.
Section 1: The 2000 -01 Revenue Budget (inclusive of transfers from the City's
General Fund) is hereby adopted, establishing the following revenue levels:
2000• -01
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 2000 -01 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:
2000 -01
PROGRAM ADOPTED BUDGET
Maintenance - Portuguese Bend $ 951200
Maintenance - Abalone Cove 1057600
TOTAL OPERATING EXPENDITURES $ 200,800
Section 3: On May 2, 2000, the Authority Board approved an agreement with the
Abalone Cove Landslide Abatement District (ACLAD) to fund a portion of the District's
maintenance costs ($60,000) using some of the interest earned from Authority's
maintenance trust fund. Therefore, the budget maintenance services in Abalone Cove
(895.30)'was increased from the $24,400 included in the proposed FY 00 -01 budget
document to $84, 400, thereby increasing total operating expenditures from $45,600 to
$105,600.
Section 4: 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 5: 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 6th of June 2000.
AUTHORITY d"AAI)k0E-kSON
ATTEST:
IF
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
Improvement Authority, hereby certify that the above Resolution No. IA 2000 -06 was duly
and regularly passed and adopted by the said Joint Powers Improvement Authority at
regular meeting thereof held on June 6, 2000.
THORITY SECRETARY
Resolution No. IA 2000 -06
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