IA RES 2002-0111
1
RESOLUTION NO. IA 2002 -11
A RESOLUTION OF THE COMMISSION OF THE RANCHO PALOS VERDES JOINT
POWERS IMPROVEMENT AUTHORITY, AMENDING RESOLUTION 2002 -07, THE BUDGET
APPROPRIATION FOR FISCAL YEAR 2002 -2003, TO INCREASE THE BUDGET FOR
CERTAIN CONTINUING APPROPRIATIONS FROM FISCAL YEAR 2001 -2002.
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
Authority Commission: and
WHEREAS, on June 12, 2002, the Commission of the Rancho Palos Verdes Joint Powers
Improvement Authority adopted Resolution 2002 -07, approving a spending plan and
authorizing a budget appropriation for the 2002 -2003 fiscal year: and
WHEREAS, certain project expenditures included in the fiscal year 2001 -2002 budget were not
completed by fiscal year end; and
WHEREAS, the Authority Commission has determined that each of these specific project
expenditures should be completed in fiscal year 2002 -2003; and
WHEREAS, the carryover of these items will not change the estimated (budgeted) ending fund
balance at June 30, 2003;
BE IT, THEREFORE, RESOLVED BY THE COMMISSION OF THE RANCHO PALOS
VERDES JOINT POWERS IMPROVEMENT AUTHORITY:
The following adjustments be made to the fiscal year 2002 -2003 budget:
Increase the Abalone Cove Fund budget as follows:
JPIA Abalone Cove #895 - 895 -30 Maintenance $ 61000
PASSED, APPROVED, AND ADOPTED THE 3RD DAY OF SEPTEMBER 2002.
ComrfiisAt6n
Attest:
omm ssion 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 Improvement
Authority, hereby certify that the above Resolution No. IA 2002 -11 was duly and regularly
passed and adopted by the said Authority Commission at regular meeting thereof held on
September 3, 2002.
iOA"
rommission Secretary