RPVCCA_IA_SR_2014_09_02_04_FY_13-14_Improvement_Authority_Continuing_AppropriationsCrTYOF RANCHO PALOS VERDES
MEMORANDUM
TO:
FROM:
DATE:
SUBJECT:
REVIEWED:
Staff Coordinator:
HONORABLE CHAIR & COMMISSION MEMB~
DENNIS McLEAN, DIRECTOR OF FINANCE ~
SEPTEMBER 2, 2014
FY13-14 IMPROVEMENT AUTHORITY CONTINUING
APPROPRIATIONS
CAROLYNN PETRU, ACTING EXECUTIVE DIRECTOR@)
Kathryn Downs, Deputy Director of Finance !{[)
RECOMMENDATION
1. Adopt Resolution No. IA 2014-, amending Resolution No. IA 2013-09, the budget
appropriation for FY13-14, to reduce the budget for continuing appropriations.
2. Adopt Resolution No. IA 2014-, amending Resolution No. IA 2014-07, the budget
appropriation for FY14-15, to continue certain expenditure appropriations from
FY13-14.
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 FY13-14 Improvement Authority budget included an appropriation of
$50,000 for grading and repairs to damaged sections of Burma Road to maintain safety
access to the area. The total amount of funding was not needed during FY13-14 due to
continued drought conditions. However, Staff anticipates that additional funding may be
needed for FY14-15 if the area experiences forecasted El Nino conditions; and requests
the Commission carryover $25,000 of the appropriation to FY14-15.
FISCAL IMPACT
The first resolution decreases the appropriation for FY13-14; and the second resolution
increases the appropriation for FY14-15; with no effect on the estimated June 30, 2015
fund balances of the Improvement Authority.
IA 4-1
RESOLUTION NO. IA 2014-
A RESOLUTION OF THE COMMISSION OF THE RANCHO PALOS VERDES JOINT POWERS
IMPROVEMENT AUTHORITY, AMENDING RESOLUTION 2013-09, THE BUDGET
APPROPRIATION FOR FY13-14, 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 6, 2013, the Commission of the Rancho Palos Verdes Joint Powers
Improvements Authority adopted Resolution 2013-09, approving a spending plan and authorizing a
budget appropriation for FY13-14: and
WHEREAS, a project included in the FY13-14 budget will be carried over as a continuing
appropriation to FY14-15; and
WHEREAS, the Authority Commission desires that the FY13-14 budget be reduced for the specific
project as part of the continuing appropriation carried over to FY14-15.
BE IT, THEREFORE, RESOLVED BY THE COMMISSION OF THE RANCHO PALOS VERDES
JOINT POWERS IMPROVEMENT AUTHORITY:
The following adjustment be made to the FY13-14 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 2nd DAY OF SEPTEMBER 2014.
AUTHORITY 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-was duly and regularly passed and
adopted by the said Commission at regular meeting thereof held on September 2, 2014.
AUTHORITY SECRETARY
CITY OF RANCHO PALOS VERDES
IA 4-2
RESOLUTION NO. IA 2014-
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.
AUTHORITY 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-was duly and regularly passed and
adopted by the said Commission at regular meeting thereof held on September 2, 2014.
AUTHORITY SECRETARY
CITY OF RANCHO PALOS VERDES
IA 4-3