HomeMy WebLinkAboutResolution - RDA 07 - 02 STATE OF CALIFORNIA ) RESOLUTION NO. RDA 07-02
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 2007-2008
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 2007-2008, a copy of which is on file in the
City Clerk's office, is hereby adopted with projected beginning RDA Fund Balance of
$9,098,137, total adopted expenditures of $6,233,594, including total adopted capital
expenditures of $1,704, 275, to be funded by estimated revenues of $5,159,550, use of
available fund balance of $2,183,766 and interfund transfers of $720,400.
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 2007-08 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 information technology, general liability,
workers compensation and unemployment insurance will be allocated to funds based
1,
on:
A. Information Technology— percentage of desktop computers
in each department or program
B. General Liability— percentage of department or program cost
C. Workers Compensation — percentage of payroll in each
department or program
C. Unemployment Insurance - percentage of payroll in each
department or program
Section 6. A continuing appropriation Capital Projects is 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 is estimated for June 30, 2007 at $1 ,139,974.
APPROVED, SIGNED and ADOPTED this 7th day of June, 2007, by the
following vote:
Ayes: Ayres, Mansperger, Ritchie, Stubblefield
Nays: None
Absent: Carlson
Abstain: None
San Jacinto Redevelopment Agency
By:
Ay , Chairman
TTEST:
� r
D othy L. C uinard, Agency Secretary
APPROVED AS TO FORM:
City Attorney, Cit of San Jacinto
Best, Best & Krieger, LLP.
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