RPVCCA_IA_SR_2014_04_01_03_FY13-14_IA_Midyear_Budget_Financial_ReportCITY OF RANCHO PALOS VERDES
MEMORANDUM
TO:
FROM:
DATE:
SUBJECT:
REVIEWED:
HONORABLE CHAIR & COMMISSION MEMBE~
DENNIS McLEAN, DIRECTOR OF FINANCE & ~
INFORMATION TECHNOLOGY
APRIL 1, 2014
FY13-14 IMPROVEMENT AUTHORITY MIDYEAR
FINANCIAL REPORT -ADOPTION OF RESOLUTION
CAROLYNN PETRU, ACTING CHIEF ADMINISTRATIVE®
OFFICER
Project Manager: Kathryn Downs, Deputy Director of Finance & Information
Technology {lb
RECOMMENDATION
Adopt Resolution No. IA 2014-_, A RESOLUTION OF THE RANCHO PALOS VERDES
JOINT POWERS IMPROVEMENT AUTHORITY AMENDING THE OPERATING BUDGET
FOR FISCAL YEAR 2013-2014.
DISCUSSION
On March 4, 2014, the Improvement Authority Board received a Midyear Financial Report
for the Improvement Authority that included a proposed resolution to re-budget a FY12-13
appropriation of $18,365 for GPS monitoring that was not carried forward to FY13-14.
Although the proposed resolution was attached to the March 4, 2014 staff report, the
recommendation did not include the language to adopt a resolution. As described in the
March 4, 2014 Midyear Financial Report, Staff recommends adoption of the attached
resolution.
IA 3-1
RESOLUTION NO. IA 2014-
A RESOLUTION OF THE RANCHO PALOS VERDES JOINT POWERS
IMPROVEMENT AUTHORITY AMENDING THE OPERATING BUDGET
FOR FISCAL YEAR 2013-2014
WHEREAS, on August 6, 2013, the Commission of the Rancho Palos Verdes Joint
Powers Improvement Authority adopted Resolution No. IA 2013-09, adopting the operating
budget for FY13-14;
WHEREAS, the Commission of the Rancho Palos Verdes Joint Powers
Improvement Authority desires to provide for FY12-13 GPS monitoring that was
appropriated, but not continued to FY13-14;
NOW, THEREFORE, BE IT RESOLVED, THAT THE COMMISSION OF THE
RANCHO PALOS VERDES JOINT POWERS IMPROVEMENT AUTHORITY DOES
HEREBY ADOPT THE FOLLOWING AMENDMENT TO THE FY13-140PERATINGAND
CAPITAL BUDGET.
Improvement Authority Abalone Cove 795-3089-431-32-00 Pro Services $18,635
PASSED, APPROVED, and ADOPTED the 1sr day of April 2014.
AUTHORITY CHAIRPERSON
ATTEST:
AUTHORITY 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 2014-was duly
and regularly passed and adopted by the said Joint Powers Improvement Authority at
regular meeting thereof held on April 1, 2014.
AUTHORITY SECRETARY
IA 3-2