HomeMy WebLinkAboutResolution - 03-02 STATE OF CALIFORNIA ) RESOLUTION NO. RDA 03-02
COUNTY OF RIVERSIDE)ss
CITY OF SAN JACINTO )
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF SAN
JACINTO, CALIFORNIA, ADOPTING THE BUDGET FOR FISCAL
YEAR 2003-2004
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 operated on a fiscal year
beginning July 15t 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 2003-2004,a copy of which is on file in the
City Clerk's Office, is hereby adopted with total estimated expenditures of
$3,283,938, to be funded by estimated revenues of $2,211,000, use of
available fund balance of $572,938 and interfund transfers of $500,000.
Section 2. The reallocation of appropriations between departmental activities may
be made by the City Manager. Budget Amendments to the adopted
budget may only be made with the approval and resolution of the Agency
Board.
Section 3. All funds are authorized as presented in the budget document.
Section 4. General Fund administration overhead consisting of City Council
Department, City Manager Department, City Clerk Department, 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.
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.
PASSED, APPROVED and ADOPTED this 4th day of September, 2003 by the
following vote:
Ayes: Carlson-Buydos, Conner, Stubblefield, Ayres
Nays: None
Absent: Shaw
Abstain: None
The Redevelopment Agency of San Jacinto
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by 'Ayr'es' f hairman
ATTEST:
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D rothy L. C uinard, Agency Secretary