HomeMy WebLinkAboutResolution - RDA 10-03 STATE OF CALIFORNIA ) RESOLUTION NO. RDA 10-03
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 2010-2011
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 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 2010-2011, a copy of which is on file in the
City Clerk's office, is hereby adopted with projected beginning (combined) RDA fund
balances of $8,365,593, total expenditures of $12,644,282, including total capital
expenditures of $6,295,755, to be funded by revenues of $6,759,620, and the use of
available fund balance of$5,884,662. (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 RDA Funds. Only the Agency Board, by motion and affirmative majority vote,
by minute action or resolution, may increase or decrease total RDA revenues and total
expenditures in the FY 2010-2011 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, City
Manager, City Clerk, City Attorney, Human Resources, Finance, and Non-departmental
services shall be allocated to 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 information technology, general liability,
worker's compensation and unemployment insurance will be allocated to funds based
on:
A. Information Technology— percentage of desktop computers
in each department or program
B. General Liability— percentage of department or program cost
C. Worker's Compensation — percentage of payroll in each
department or program
D. Unemployment Insurance - percentage of payroll in each
department or program
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 RDA projects is estimated for June 30, 2010 at
$1,645,755.
Section 7. It is the intent of State of California law and the RDA of San Jacinto
that the Low and Moderate Income Housing Fund be purposed to the maximum extent
possible to help defray costs of production, improvement, and preservation of low and
moderate income housing. Monies that will be expended in the Low and Moderate
Income Housing Fund in fiscal year 2010-2011 will help to improve the supply of
affordable housing within the RDA Project areas and the City. It is determined that said
budgeted appropriations and actual expenditures of fiscal year 2010-2011 are
necessary to affordable housing programs and activities in accordance with California
Health and Safety Code, Section 33334.3(d).
PASSED, APPROVED, and ADOPTED this 3rd day of June 2010 by the
following vote:
Ayes: Ayres, Mansperger, Potts, Di Memmo
Nays: None
Absent: Stubblefield
Abstain: None
San Jacinto Redevelopment Agency
By: Ag; Ker,
Memmo, Vice-Chairman
ATTEST:
Richard Miller, Agency Secretary
APPROVED AS TO FORM:
Best, Best & Krieger, LLP.
42 �.
Jeffrey S. Ballinger, Agency Counsel
JACI NTO
Fiscal Year 2010-2011 Budget
EXHIBIT A
Fiscal Year 2010-2011
Projected Fund Balances - RDA
2009/2010 2010/2011
Projected Adopted Adopted Projected
Fund# Fund Description Fund Balance Revenues Expenditures Fund Balance
091 SOBOBA RDA PROJECT 87,066 700 - 87,766
092 SOBOBA RDA DEBT 361,610 333,050 (95,082) 599,578
094 SOBOBA RDA LM 771,323 86,510 (1,234) 856,599
096 SJ RDA PROJECT 988,602 1,500,300 (5,251,169) (2,762,267)
097 SJ RDA DEBT 4,147,018 3,876,650 (4,441,241) 3,582,427
099 SJ RDA LM 2,009,974 962,410 (2,855,556)1 116,828
FUND BALANCES 8,365,593 6,759,620 (12,644,282) 2,480,931
Fund Balance 1