HomeMy WebLinkAboutResolution - RDA 04-01 STATE OF CALIFORNIA) RESOLUTION NO. RDA 04-01
COUNTY OF RIVERSIDE) ss
CITY OF SAN JACINTO)
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF SAN JACINTO, CALIFORNIA, ADOPTING A BUDGET
FOR FISCAL YEAR 2004-2005
WHEREAS, The Redevelopment Agency of San Jacinto (RDA) wishes to
adopt a budget for the subsequent fiscal year based on estimated revenues and
proposed 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.
WHEREAS, the Board of Directors has thoroughly examined, analyzed
and approved the proposed budget in order to meet the needs of the citizens of
the City of San Jacinto and to fund the RDA that delivers such services; and
WHEREAS, the Redevelopment Agency of the City of San Jacinto
operates on a fiscal year beginning July 15t of each year and ending on June 30t"
of each year.
NOW, THEREFORE, BE IT RESOLVED ordered and determined by the
Mayor and City Council of the City of San Jacinto as follows:
Section 1. The budget for Fiscal Year 2004-2005, a copy of which is on
file in the City Clerk's Office, is hereby adopted with total
estimated expenditures of$ 4,039,957 to be funded by
estimated revenues of$ 2,361,810, use of available fund
balance of 913 147, and interfund transfers of $ 765,000.
Section 2. All funds are authorized as presented in the budget
document.
Section 3. The reallocation of appropriations between departmental
activities within the same fund may be made by the City
Manager. Budget Amendments to the adopted budget may
only be made with the approval and majority vote of the
Redevelopment Agency Board of Directors.
Page i of 3
Section 4. The RDA Board hereby designates the following Reserves
from Undesignated, Unreserved Fund Balance in each RDA
Fund:
a) All legally required services.
b) All reserves required to be held for debt service
requirements of bonds.
c) All other non-available resources.
Section 5. General Fund administrative overhead consisting of City
Council; City Manager Department, City Clerk Department,
Human Resources Department, Finance Department, GIS
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, no overhead cost
allocation will be made to debt funds. In addition, overhead
allocation will be limited in the following funds
H. Gas Tax Funds— Not to exceed 8% revenues
I. Measure A— Not to exceed 8% of revenues
J. Water Enterprise Fund — NO LIMIT
K. Solid Waste Fund — NO LIMIT
L. Sewer Fund — NO LIMIT
M. Air Quality Improvement Funds — Not to exceed 5% of revenues
N. COPS Grant Funds— Not to exceed 0.5%of revenues
The contracted services of Police and Fire are given an overhead credit,
based on the amount of administrative overhead included by the
contractor in the total cost of service delivery, against the overhead
charged that the City would have normally charged based on the total
direct cost of the program service, excluding the overhead allocation:
Section 6. Internal Service Funds for general liability, workers
compensation and unemployment insurance will be allocated
to funds based on:
C. General Liability— percentage of department or program cost
D. Workers Compensation — percentage of payroll in each
department or program
E. Unemployment Insurance — percentage of payroll in each
department or program
Section 7. All employee positions are hereby authorized and funded as
proposed in the budget.
Page 2 of 3
Passed, Approved, and Adopted this 30t" day of June, 2004 by the
following vote:
Ayes: Buydos, Conner, Shaw, Ayres
Nays: None
Absent: Stubblefield
Abstain: None
Redevelopment Agency of San Jacinto
'� v
Ij
�
b, im Ayres,; airman
ATTEST:
Dor by L. Chou i d, Agency Secretary
Page 3 of 3