HomeMy WebLinkAboutResolution - SA 15-03 STATE OF CALIFORNIA) RESOLUTION NO. SA 15-03
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 2015-2016
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 1" 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 2015-2016, a copy of which is on file in the
City Clerk's office, is hereby adopted with projected beginning (combined) SA fund
balances of $758,145, total expenditures of $799,895, including total capital
expenditures of $44,963, to be funded by revenues of $600,178, and the use of
available fund balance of $199,717. (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 2015-2016 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, 2015 at $44,963.
PASSED, APPROVED and ADOPTED this 18th day of June 2015 by the
following vote:
Ayes: Bartel, Ledezma, Miller, Ruiz
Nays: None
Absent: Kotyuk
Abstain: None
Successor Agency to the Redevelopment
Agency of the City of San Jacinto
By:
Crystal Fkuiz, Chairperson
ATTEST:
Ric and Miller, Agency Secretary
SAN
JACINTO Fiscal Year 2015-2016 Budget
EXHIBIT A
Fiscal Year 2015-2016
Projected Fund Balances - Successor Agency
2014/2015 2015/2016
Projected Proposed Proposed Proposed
Fund# Fund Description Fund Balance Revenues Expenditures Fund Balance
182 SA-SOBOBA DEBT - -
186 SA- SJ PROJECT 997,031 (111,735) 885,296
187 SA- SJ DEBT (280,693) 600,003 (621,755) (302,445)
189 SA-SJ LOW-MOD 41,807 175 (66,405) (24,423)
FUND BALANCES 758,145 600,178 (799,895) 558,428