HomeMy WebLinkAboutResolution - SA 12-03 STATE OF CALIFORNIA ) RESOLUTION NO. SA 12-03
COUNTY OF RIVERSIDE ) ss
CITY OF SAN JACINTO )
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF SAN
JACINTO, CALIFORNIA, ADOPTING THE BUDGET FOR
FISCAL YEAR 2012-2013
WHEREAS, the Successor Agency to the Redevelopment Agency of the City 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
Funds necessary to meet the needs of winding down the activities of the
Redevelopment Agency 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 winding the activities of the Redevelopment
Agency of the City of San Jacinto; and
WHEREAS, the Successor Agency to the Redevelopment Agency of the City of
San Jacinto operates on a fiscal year beginning July list of each year;
NOW, THEREFORE, BE IT RESOLVED by the Board of the Successor Agency
to the Redevelopment Agency of the City of San Jacinto (SA) as follows:
Section 1. The budget for Fiscal Year 2012-2013, a copy of which is on file in the
City Clerk's office, is hereby adopted with projected beginning (combined) SA fund
balances of $4,630,438, total expenditures of $984,906, including total capital
expenditures of $173,245, to be funded by revenues of $720,590, and the use of
available fund balance of$264,316. (Reference "Exhibit A")
Section 2. City Manager is hereby authorized to make budget adjustments to the
adopted budget to reallocate appropriations between departmental activities and
between SA Funds. Only the Agency Board, by motion and affirmative majority vote, by
minute action or resolution, may increase or decrease total SA revenues and total
expenditures in the FY 2012-2013 Adopted SA Budget.
Section 3. All funds are authorized as presented in the budget document.
Section 4. General Fund administrative overhead consisting of City Council, City
Manager, City Clerk, City Attorney, Human Resources, Finance, and Non-departmental
services is not to be allocated to SA funds.
Section 5. Internal Service Funds for information technology, general liability,
worker's compensation and unemployment insurance are not to be allocated to SA
funds.
Section 6. Continuing appropriations are authorized for all unexpended and
unencumbered Capital Project funds from all previous fiscal years as presented in the
Construction in Progress (CIP) Schedule of the budget. The estimated carryover of
unexpended, unencumbered SA projects is estimated for June 30, 2012 at $173,245.
PASSED, APPROVED AND ADOPTED at a regular meeting of the Board of the
Successor Agency to the City of San Jacinto Redevelopment Agency, on the 19th day
of June 2012 by the following vote:
Ayes: Bartel, Ledezma, Miller, Kotyuk
Nays: Di Memmo
Absent: None
Abstain: None
Successor Agency to the City of San
Jacinto Redevelopment Agency.
r
Andrew F. Kotyuk, Chairman
ATTEST:
n,
Richard Miller, Agency Secretary
AN
AC.I N_T"0 Fiscal Year 2012-2013 Budget
EXHIBIT A
Fiscal Year 2012-2013
Projected Fund Balances - RDA /HA / SA
2011/2012 2012/2013
Projected Proposed Proposed Projected
Fund# Fund Description Fund Balance Revenues Expenditures Fund Balance
091 SOBOBA RDA PROJECT - -
092 SOBOBA RDA DEBT - -
094 SOBOBA RDA LM - -
096 SJ RDA PROJECT - -
097 SJ RDA DEBT - -
099 SJ RDA LM - -
179 HOUSING AUTHORITY FUND 292,859 - 292,859
181 SA-SOBOBA PROJECT 88,513 100 - 88,613
182 SA-SOBOBA DEBT 528,599 1,250 - 529,849
184 SA-SOBOBA LOW-MOD 658,277 650 - 658,927
186 SA-SJ PROJECT 134,765 - (239,983) (105,218)
187 SA-SJ DEBT 2,581,955 718,340 (703,518) 2,596,777
189 SA-SJ LOW-MOD 638,329 250 (41,405) 597,174
FUND BALANCES 4,923,297 720,590 (984,906) 4,658,981
Fund Balance 1