IA RES 2014-010 RESOLUTION NO. IA 2014-10
A RESOLUTION OF THE COMMISSION OF THE RANCHO PALOS VERDES JOINT POWERS
IMPROVEMENT AUTHORITY, AMENDING RESOLUTION 2014-07, THE BUDGET APPROPRIATION
FOR FY14-15, TO INCREASE THE BUDGET FOR CERTAIN CONTINUING APPROPRIATIONS FROM
FY13-14.
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 August 5, 2014, the Commission of the Rancho Palos Verdes Joint Powers Improvement
Authority adopted Resolution 2014-07, approving a spending plan and authorizing a budget appropriation
for FY14-15: and
WHEREAS, certain project expenditures included in the FY13-14 budget were not completed by fiscal year
end and the Authority Commission has determined that the expenditures should be completed in FY14-15;
and
WHEREAS, the carryover of these items will not change the estimated (budgeted) ending fund balance at
June 30, 2015;
BE IT, THEREFORE, RESOLVED BY THE COMMISSION OF THE RANCHO PALOS VERDES JOINT
POWERS IMPROVEMENT AUTHORITY:
The following adjustment be made to the FY14-15 budget:
Increase the Portuguese Bend fund budget as follows:
Burma Road Grading & Repairs #285-3088-431-43-00 Maintenance $25,000
PASSED, APPROVED, AND ADOPTED THE 2nd DAY OF SEPTEMBER 2014.
lor-
thority Chairperson
ATTEST:
Authority 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 2014-10 was duly and regularly passed and adopted by the
said Commission at regular meeting thereof held on September 2, 2014.
CooketiL
tr:„ . Authority Secretary