IA RES 2001-007r�
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RESOLUTION NO. IA 2001 -07
A RESOLUTION OF THE RANCHO PALOS VERDES JOINT POWERS
IMPROVEMENT AUTHORITY ADOPTING THE OPERATING BUDGET
FOR FISCAL YEAR 2001 -02
WHEREAS, the Commission of the Rancho Palos Verdes Joint Powers
Improvement Authority desires to adopt the following resolution adopting the operating
budget for the 2001 -2002 fiscal year.
NOW, THEREFORE, BE IT RESOLVED, THAT THE COMMISSION OF THE
RANCHO PALOS VERDES JOINT POWERS IMPROVEMENT AUTHORITY DOES
HEREBY ADOPT THE FOLLOWING 2001 -2002 OPERATING AND CAPITAL
BUDGET.
Section 1: The 2001 -02 Revenue Budget (inclusive of transfers from the City's
General Fund) is hereby adopted, establishing the following revenue levels:
PROGRAM
Maintenance - Portuguese Bend
Maintenance - Abalone Cove
TOTAL REVENUES
2001 -02
ADOPTED BUDGET
$ 101,000
68,000
$ 169,000
Section 2: An operating budget for Fiscal Year 2001 -02 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:
PROGRAM
Maintenance - Portuguese Bend
Maintenance - Abalone Cove
TOTAL OPERATING EXPENDITURES
2001 -02
ADOPTED BUDGET
$ 99,100
103,700
$ 202,800
Section 3: 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 4: 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 5th of June 2001.
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COM ISSICV4 CHAA
ATTEST:
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MMI SION S CRETARY
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 2001 - ()was
duly and regularly passed and adopted by the said Joint Powers Improvement Authority
at regular meeting thereof held on June 5, 2001. ^ �
OMMISSION SECRETARY
Resolution No. IA 2001 -07
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