HomeMy WebLinkAboutResolution - SA 24-01Resolution No. SA 24-01
STATE OF CALIFORNIA ) RESOLUTION NO. SA 24-01
COUNTY OF RIVERSIDE j 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 2024-2025
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 1st 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 2024-2025, a copy of which is on file in the
City Clerk's office, is hereby adopted with projected beginning (combined) SA fund
balances of $430,039, total expenditures of $641,252, including total capital expenditures
of $0, to be funded by revenues of $630,253. (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 2024-2025 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 S. Internal Service Funds for information technology, general liability,
worker's compensation and unemployment insurance are not to be allocated to SA funds.
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Resolution No. SA 24-01
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, 2024, at $0.
APPROVED, SIGNED, and ADOPTED this 18th day of June 2024 by the
following vote:
AYES: Ruiz, Hawkins, Vandever, Ledezma
NAYS: None
ABSENT: Ayala
ABSTAIN: None
ATTEST:
is Espinoza, City Clerk
APPROVED AS TO FORM:
Best Best & Krieger LLP
1-7 4/11�
Craig Hayes, City Attorney
CITY OF SAN JACINTO:
Valerie Vandever, Mayor Pro Tem
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Resolution No. SA 24-01
STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE) ss
CITY OF SAN JACINTO )
CERTIFICATION
I, Julia Espinoza, City Clerk of the City of San Jacinto, DO HEREBY CERTIFY that
the foregoing Resolution No. SA 24-01 was passed, approved, and adopted at a regular
meeting of the City Council of the City of San Jacinto held on the 18th day of June 2024
by the following vote:
AYES: Ruiz, Hawkins, Vandever, Ledezma
NAYS: None
ABSENT: Ayala
ABSTAIN: None
WITNESS MY HAND AND OFFICIAL SEAL this 18th day of June 2024.
J '' Espinoza, City Clerk
ity of San Jacinto
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