IA RES 2015-015 RESOLUTION NO. IA 2015-15
A RESOLUTION OF THE COMMISSION OF THE RANCHO
PALOS VERDES JOINT POWERS IMPROVEMENT
AUTHORITY, AMENDING RESOLUTION 2015-09, THE
BUDGET APPROPRIATION FOR FY15-16, TO INCREASE THE
BUDGET FOR CERTAIN CONTINUING APPROPRIATIONS
FROM FY14-15.
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 7, 2015, the Commission of the Rancho Palos Verdes Joint Powers
Improvement Authority adopted Resolution 2015-09, approving a spending plan and authorizing
a budget appropriation for FY15-16: and
WHEREAS, certain project expenditures included in the FY14-15 budget were not completed by
fiscal year end and the Authority Commission has determined that the expenditures should be
completed in FY15-16; and
WHEREAS, the carryover of these items will not change the estimated (budgeted) ending fund
balance at June 30, 2016;
BE IT, THEREFORE, RESOLVED BY THE COMMISSION OF THE RANCHO PALOS VERDES
JOINT POWERS IMPROVEMENT AUTHORITY:
The following adjustment be made to the FY15-16 budget:
Increase the Portuguese Bend fund budget as follows:
Burma Road Grading & Repairs #285-3088-431-43-00 Maintenance $20,000
PASSED, APPROVED, AND ADOPTED THE 1st DAY OF SEPTE 'ER 2015.
A 'ority Chair
ATTEST:
7
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 2015-15 was duly and regularly passed
and adopted by the said Commission at regular meeting thereof -Id on September 1, 2015.
Authority Secretary