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IA RES 2013-011RESOLUTION NO. IA 2013 -11 A RESOLUTION OF THE COMMISSION OF THE RANCHO PALOS VERDES JOINT POWERS IMPROVEMENT AUTHORITY, AMENDING RESOLUTION 2012 -08, THE BUDGET APPROPRIATION FOR FYI 2-13, 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 July 3, 2012, the Commission of the Rancho Palos Verdes Joint Powers Improvements Authority adopted Resolution 2012 -08, approving a spending plan and authorizing a budget appropriation for FY12 -13: and WHEREAS, a project included in the FY12 -13 budget will be carried over as a continuing appropriation to FY13 -14; and WHEREAS, the Authority Commission desires that the FY12 -13 budget be reduced for the specific project as part of the continuing appropriation carried over to FY13 -14. BE IT, THEREFORE, RESOLVED BY THE COMMISSION OF THE RANCHO PALOS VERDES JOINT POWERS IMPROVEMENT AUTHORITY: The following adjustment be made to the FY12 -13 budget: Decrease the Portuguese Bend fund budget as follows: Burma Road Grading & Repairs #285- 3088 - 431 -43 -00 Maintenance $25,000 PASSED, APPROVED, AND ADOPTED THE 3rd DAY OF SEPTEMBER 2013. ATTEST: Secretary State of California ) County of Los Angeles )ss 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 -11 was duly and regularly passed and adopted by the said Commission at regular meeting thereof held on September 3, 2013. Secretary