HomeMy WebLinkAboutResolution - 11-07 STATE OF CALIFORNIA } RESOLUTION NO. RDA 11-07
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 2011-2012
WHEREAS, 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
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 the City of San Jacinto operates on a
fiscal year beginning July 151 of each year;
NOW, THEREFORE, BE IT RESOLVED by the Board of the Redevelopment
Agency of the City of San Jacinto as follows:
Section 1. The budget for Fiscal Year 2011-2012, a copy of which is on file in the
City Clerk's office, is hereby adopted with projected beginning (combined) RDA fund
balances of $6,346,384, total expenditures of $17,734,442 (less planned savings of
$70,681), including total capital expenditures of $10,242,602, to be funded by revenues
of $5,987,773, and the use of available fund balance (and future revenues) of
$11 ,675,988. (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 2011-2012 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 he 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, 2011 at
$5,432,602.
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 2011-2012 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 2011-2012 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 21st day of June 2011 by the
low following vote:
Ayes: Bartel, Di Memmo, Ledezma, Miller
Nays: None
Absent: Kotyuk
Abstain: None
Redevelopment Agency of the City of San Jacinto
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By. L �'
Sco t Miller, Chairman
ATTEST:
A�eL -l� .
Richard Miller, Agency Secretary
APPROVED AS TO FORM:
Best, Best & Krieger, LLP.
Je rey . Ballin r, City Attorney
SAN
�ACI NT0 Fiscal Year 2011-2012 Budget
EXHIBIT A
Fiscal Year 2011-2012
Projected Fund Balances - RDA
2010/2011 2011/2012
Projected Proposed Proposed Projected
Fund# Fund Descri lion Fund Balance Revenues Expenditures Fund Balance
091 SOBOBA RDA PROJECT 87,941 850 - 88,791
092 SOBOBA RDA DEBT 507,242 283.325 (117,427) 673,140
094 SOBOBA RDA LM 621,734 73,956 (878) 694,812
096 SJ RDA PROJECT 443,973 1,504,000 (10.994,777) (9,046,804)
097 SJ RDA DEBT 3,404.864 3,306,312 (3,968,247) 2,742,929
099 SJ RDA LM 1,280,630 819,330 (2,582,432) (482,472)
FUND BALANCES 6,346,384 5,987,773 (17,663,761) (5,329,604)
Fund Balance 1