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IA RES 2002-0121 RESOLUTION NO. IA 2002 -12 A RESOLUTION OF THE COMMISSION OF THE RANCHO PALOS VERDES JOINT POWERS IMPROVEMENT AUTHORITY, AMENDING RESOLUTION 2001 -07, THE BUDGET APPROPRIATION FOR FISCAL YEAR 2001 -2002, TO REDUCE THE BUDGET FOR APPROVED CONTINUING APPROPRIATIONS 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 5, 2001, the Commission of the Rancho Palos Verdes Joint Powers Improvement Authority adopted Resolution 2001 -07, approving a spending plan and authorizing a budget appropriation for the 2001 -2002 fiscal year: and WHEREAS, certain projects included in the fiscal year 2001 -2002 budget will be carried over as continuing appropriations to the fiscal year 2002 -2003; and WHEREAS, the Authority Commission desires that the fiscal year 2001 -2002 budget be reduced for each of these specific projects that were re- budgeted as part of the continuing appropriations carried over to fiscal year 2002 -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 2001 -2002 budget: Decrease the Abalone Cove Fund budget as follows: JPIA Abalone Cove #895 - 895 -30 Maintenance $6,000 PASSED, APPROVED, AND ADOPTED THE 3RE Attest: Commission Secretary tate 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 -12 was duly and regularly passed and adopted by the said Joint Powers Improvement Authority at regular meeting thereof held on September 3, 2002. �ommission Secretary