RDA 09-01 Operating budgetRESOLUTION NO. 09-O1
A RESOLUTION OF THE CUPERTII~~O REDEVELOPMENT AGENCY
ADOPTING AN OPERATING BUDGET FOR FISCAL YEAR
2009-10 BY RATIFYING ESTIM,~TES OF REVENUES TO BE
RECEIVED IN EACH FUND AND APPROPRIATING MONIES THEREFROM FOR
SPECIFIED ACTIVITIES AND ACCOUNTS AND SETTING FORTH
CONDITIONS OF ADMINISTERING SAID BUDGET
WHEREAS, the orderly administration of rnunicipal government is dependent on the
establishment of a sound fiscal policy of maintaini~lg a proper ration of expenditures within
anticipated revenues and available monies; and
WHEREAS, the extent of any project or pr~~gram and the degree of its accomplishment,
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 City Manager has submitted his estimates of anticipated revenues and
fund balances, and has recommended the allocatioTi of monies for specified program activities;
NOW, THEREFORE, BE IT RESOLVED that the Cupertino Redevelopment Agency
does hereby adopt the following sections as a part of its fiscal policy:
Section 1: The estimates of available firnd balances and anticipated resources to be
received in the Redevelopment Agency fund during; fiscal year 2008-09 as submitted by the City
Manager in his proposed budget and as have been ~irrrended during the budget study sessions are
hereby ratified.
Section 2. There is appropriated from the fund the sum of money as determined
during the budget sessions for the purposes as expressed and estimated for each department.
Section 3. The City Manager is hereby authorized to administer and transfer
appropriations between Redevelopment Agency accounts within the Operating Budget when in
his opinion such transfers become necessary for administrative purposes.
Section 4. The Director of Administrative Services shall prepare and submit to the
Cupertino Redevelopment Agency a quarterly revi:;ed estimate of Operating Revenues.
Section 5. The Director of Administrative Services is hereby authorized to continue
appropriations for operating expenditures that are e-ncumbered or scheduled to be encumbered at
year end.
Resolution No. 09-01
Page 2
PASSED AND ADOPTED at a regular meeting of the Cupertino Redevelopment Agency
this 16th day of June, 2009 by the following vote:
Vote
AYES:
NOES:
ABSENT:
ABSTAIN:
Members of the Red~:velopment Agency
Mahoney, Sandoval, Santoro, Wang, Wong
None
None
None
APPROVED:
Chairman, Redeve opment Agency
ATTEST:
C' ~C
Secretary ~~~~