RDA Resolution No. 12-02 Adopting an operating budget for fiscal year 2012-13RESOLUTION N0. 12-02
A RESOLUTION OF THE SUCCESSOR TO THE REDEVELOPMENT AGENCY
ADOPTING AN OPERATING BUDGET FOR FISCAL YEAR 2012-13 BY RATIFYING THE
ADEQUACY OF ESTIMATED REVENUES AND FUND BALANCES TO COVER
APPROPRIATED MONIES, APPROPRIATING MONIES THEREFROM FOR SPECIFIED
ACTMTIES AND ACCOtJNTS, AND SETTING FORTH CONDITIONS OF
ADMINISTERING SAID BUDGET
WHEREAS, the orderly administration of municipal government is dependent on the
establisent of a sound fiscal policy of maintaining a proper ratio of expenditures within
anticipated revenues and available monies; and
WHEREAS, the extent of any project or program and the degree of its accomplisent,
as well as the efficiency of performing assigned duties and responsibilities, is likewise dependent
on the monies made available for that purpose; and
WHEREAS, the Executive Director has submitted her estimates of anticipated revenues
and fund balances, has determined that estimated revenues and fund balances are adequate to
cover appropriations, and has recornrnended the allocation of monies for specified program
activities;
NOW, THEREFORE, BE IT RESOLVED that the Successor to the Redevelopment
( - Agency does hereby adopt the following sections as a part of its fiscal policy:
Section l: The estimates of available fund balances and anticipated resources to be
received in each of the several funds during fiscal year 2012-13, as submitted by the Executive
Director in her proposed budget and amended during the budget study sessions, are sufficient to
cover appropriations.
Section 2. There is appropriated from the Agency fund $125,000, as amended during
the budget sessions, for the purposes as expressed and estimated for each department.
Section 3. The Executive Director is hereby authorized to administer and transfer
appropriations between Budget accounts within the Operating Budget when in her opinion such
transfers become necessary for administrative purposes.
Section 4. The Director of Administrative Services is hereby authorized to continue
appropriations for operating expenditures that are encumbered or scheduled to be encumbered at
year end.
PASSED AND ADOPTED at a regular meeting of the Successor to the Redevelopment
Agency this 19th day of June 2012, by the following vote:
Vote Members of the Successor to the Redevelopment Agency
AYES:
ABSENT:
ABST AIN:
Santoro, Mahoney, Chang, Wong
one
Sinks
None
APPROVED:
Chairperson
Successor to the Redevelopment Agency
ATTEST:
Secretary
Resolution No. 12-02 Page 2