IA SR 20150901 C - FY 2014-15 IA Continuing AppropriationsCITY OF
MEMORANDUM
LI
14�41RANCHO
PALOS VERDES
TO: HONORABLE CHAIR & COMMISSION MEMBERS
FROM: DEBORAH CULLEN, FINANCE DIRECTOR
DATE: SEPTEMBER 1, 2015
SUBJECT: FY14-15 IMPROVEMENT AUTHORITY CONTINUING
APPROPRIATIONS
REVIEWED: DOUG WILLMORE, EXECUTIVE DIRECTOR Vt/"i
Staff Coordinator: Kathryn Downs, Deputy Finance Director
RECOMMENDATION
Adopt Resolution No. IA 2015- , amending Resolution No. IA 2014-07, the budget
appropriation for FY14-15, to reduce the budget for continuing appropriations.
2. Adopt Resolution No. IA 2015- , amending Resolution No. IA 2015-09, the budget
appropriation for FY15-16, to continue certain expenditure appropriations from
FY14-15.
FISCAL IMPACT
The first resolution decreases the appropriation for FY14-15; and the second resolution
increases the appropriation for FY15-16; with no effect on the estimated June 30, 2015
fund balances of the Improvement Authority.
DISCUSSION
The sole purpose of this Staff Report is to ensure budgetary compliance for FY14-15. At
the end of each fiscal year, it is necessary to prepare a summary of budgeted
appropriations that should be carried over to the next fiscal year as continuing
appropriations. The FY14-15 Improvement Authority budget included an appropriation of
$83,300 for maintenance, including erosion control and maintenance of project area
access. Actual maintenance expenditures for FY14-15 were $17,300, leaving $66,000
available. Staff requests to continue $20,000 for the Toyon Trail restoration, to be
completed in FY15-16. The project will repair erosion in the project area, and restore
maintenance access.
Attachments
RESOLUTION NO. IA 2015- , 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 REDUCE THE BUDGET FOR APPROVED CONTINUING APPROPRIATIONS (page
3)
RESOLUTION NO. IA 2015- , 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 (page 5)
RESOLUTION NO. IA 2015-
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 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 August 5, 2014, the Commission of the Rancho Palos Verdes Joint
Powers Improvements Authority adopted Resolution 2014-07, approving a spending plan
and authorizing a budget appropriation for FY14-15: and
WHEREAS, a project included in the FY14-15 budget will be carried over as a continuing
appropriation to FY15-16; and
WHEREAS, the Authority Commission desires that the FY14-15 budget be reduced for
the specific project as part of the continuing appropriation carried over to FY15-16.
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:
Decrease 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 SEPTEMBER 2015.
AUTHORITY CHAIRPERSON
ATTEST:
AUTHORITY SECRETARY
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
3
I, CARLA MORREALE, Authority Secretary of the Rancho Palos Verdes Joint Powers
Improvement Authority, hereby certify that the above Resolution No. IA 2015- was duly
and regularly passed and adopted by the said Commission at regular meeting thereof
held on September 1, 2015.
AUTHORITY SECRETARY
CITY OF RANCHO PALOS VERDES
0
RESOLUTION NO. IA 2015-
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 SEPTEMBER 2015.
AUTHORITY CHAIRPERSON
ATTEST:
AUTHORITY SECRETARY
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
5
I, CARLA MORREALE, Authority Secretary of the Rancho Palos Verdes Joint Powers
Improvement Authority, hereby certify that the above Resolution No. IA 2015- was duly
and regularly passed and adopted by the said Commission at regular meeting thereof
held on September 1, 2015.
AUTHORITY SECRETARY
CITY OF RANCHO PALOS VERDES
Al