IA RES 2013-009 RESOLUTION NO. IA 2013-09
A RESOLUTION OF THE RANCHO PALOS VERDES JOINT POWERS
IMPROVEMENT AUTHORITY ADOPTING THE OPERATING BUDGET
FOR FISCAL YEAR 2013-2014.
WHEREAS, the Commission of the Rancho Palos Verdes Joint Powers
Improvement Authority desires to adopt the following resolution adopting the operating
budget for FY13-14.
NOW, THEREFORE, BE IT RESOLVED, THAT THE COMMISSION OF THE
RANCHO PALOS VERDES JOINT POWERS IMPROVEMENT AUTHORITY DOES
HEREBY ADOPT THE FOLLOWING FY13-14 OPERATING AND CAPITAL BUDGET.
Section 1: The FY13-14 Revenue Budget (inclusive of transfers from the City's
General Fund) is hereby adopted, establishing the following revenue levels:
Maintenance - Portuguese Bend $ 820
Transfer In — Portuguese Bend 707000
Maintenance -Abalone Cove 31300
Transfer In —Abalone Cove 20,000
TOTAL REVENUES $ 941120 .
Section 2: An operating budget for FY13-14 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:
Maintenance - Portuguese Bend $ 1191100
Maintenance - Abalone Cove 53,300
TOTAL OPERATING EXPENDITURES $ 1727400
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 6dday of August 2013.
U
Ch irperson
ATTEST:
Secretary
State of California )
County of Los Angeles )
City of Rancho Palos Verdes )
I, Carla Morreale, Authority Secretary of the Rancho Palos Verdes Joint Powers
Improvement Authority, hereby certify that the above Resolution No. IA 2013-09 was duly
and regularly passed and adopted by the said Joint Powers Improvement Authority at
regular meeting thereof held on August 6, 2013.
&,44, C
Secretary
Resolution No. IA 2013-09
Page 2 of 2
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IMPROV AUTH PORTUGUESE BEND 273,422 820 70,000 119,100 225,142
IMPROV AUTH ABALONE COVE 1,098,813 3,300 20,000 53,300 1,068,813
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