HomeMy WebLinkAboutResolution - 06-01 STATE OF CALIFORNIA ) RESOLUTION NO. RDA 06-01
COUNTY OF RIVERSIDE ) ss
CITY OF SAN JACINTO )
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF SAN JACINTO, CALIFORNIA, ADOPTING
THE BUDGET FOR FISCAL YEAR 2006-2007
WHEREAS, the Redevelopment Agency of San Jacinto wishes to adopt a budget
for the subsequent fiscal year for estimated revenues and estimated expenditures; and
WHEREAS, Staff has presented an operating and capital budget containing the
Redevelopment Funds, to meet the needs of the Citizens of the City of San Jacinto; and
WHEREAS, the Board has thoroughly examined and analyzed the proposed
budget in order to meet the needs of the Citizens of the City of San Jacinto; and
WHEREAS, the Redevelopment Agency of San Jacinto operates on a fiscal year
beginning July 1st of each year;
NOW, THEREFORE, BE IT RESOLVED by the Board of the Redevelopment
Agency of San Jacinto as follows:
Section 1. The budget for Fiscal Year 2006-2007, a copy of which is on file in the
City Clerk's office, is hereby adopted with projected beginning RDA Fund Balance of
$5,661,389, total adopted expenditures of $4,215,468, to be funded by estimated
revenues of $3,781,765, use of available fund balance of $135,315 and interfund
transfers of $785,400.
Section 2. City Manager is hereby authorized to make budget adjustments to the
adopted budget to reallocate appropriations between departmental activities and
between RDA Funds. Only the Agency Board, by motion and affirmative majority vote,
by minute action or resolution, may increase or decrease the total estimated RDA
revenues and total adopted expenditures in the FY 2006-07 Adopted RDA Budget.
Section 3. All funds are authorized as presented in the budget document.
Section 4. General Fund administrative overhead consisting of City Council
department, City Manager department, City Clerk department, City Attorney, Human
Resources department, Finance department, and non-departmental shall be cost
allocated to the program cost centers, charged on a prorated basis to cost of funding. In
all cases where a Capital Project is financed by debt, except in cases of RDA funds
where the overhead cost allocation will be made to debt service funds and not project
funds.
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Section 5. Internal Service Funds for general liability, workers compensation and
unemployment insurance will be allocated to funds based on:
A. General Liability— percentage of department or program cost
B. Workers Compensation — percentage of payroll in each
Department or program
C. Unemployment Insurance - percentage of payroll in each
Department or program
APPROVED, SIGNED and ADOPTED this 15th day of June 2006 by the
following vote:
Ayes: Ayres, Buydos, Ritchie, Shaw, Stubblefield
Nays: None
Absent: None
Abstain: None
City of San Jacinto
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By:
Dale Stubblefielct Maybr
ATTEST:
D othy L. Into
uinard, City Clerk
City of San
APPROVED AS TO FORM:
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Best, Best & Krieger, LLP
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