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104-Draft Resolution C.pdf
AttachmentC RESOLUTIONNO. 11- ARESOLUTIONOF THECUPERTINOREDEVELOPMENTAGENCY ADOPTINGANOPERATINGBUDGETFORFISCALYEAR 2011-12BYRATIFYING ESTIMATESOFREVENUES TOBE RECEIVEDIN EACHFUNDANDAPPROPRIATING MONIES THEREFROMFOR SPECIFIEDACTIVITIESANDACCOUNTSANDSETTINGFORTH CONDITIONSOFADMINISTERINGSAIDBUDGET WHEREAS,the orderlyadministration ofmunicipalgovernmentis dependent on the establishment ofa sound fiscal policy ofmaintaininga properration ofexpenditureswithin anticipatedrevenuesandavailablemonies;and WHEREAS,theextent ofany project or programandthe degree ofitsaccomplishment, aswellastheefficiency of performingassigned dutiesandresponsibilities,islikewise dependent onthemoniesmadeavailableforthat purpose;and WHEREAS,theCity Manager has submitted hisestimates ofanticipatedrevenuesand fund balances,and hasrecommendedtheallocation ofmoniesfor specified programactivities; NOW, THEREFORE,BEITRESOLVEDthattheCupertinoRedevelopmentAgency does herebyadoptthefollowing sectionsasa part ofitsfiscal policy: Section 1:Theestimates ofavailablefund balancesandanticipatedresourcesto be receivedintheRedevelopmentAgencyfund duringfiscalyear 2011-12as submitted bytheCity Managerin his proposed budgetandas have beenamended duringthe budget study sessionsare herebyratified. Section 2.Thereisappropriatedfromthefundthe sum ofmoneyas determined duringthe budget sessionsforthe purposesasexpressedandestimatedforeach department. Section 3.TheCity Manageris herebyauthorizedtoadministerandtransfer appropriations betweenRedevelopmentAgencyaccountswithintheOperatingBudgetwhenin his opinion suchtransfers become necessaryforadministrative purposes. Section 4.TheDirector ofAdministrativeServices shall prepareand submittothe CupertinoRedevelopmentAgencya quarterlyrevisedestimate ofOperatingRevenues. Section 5.TheDirector ofAdministrativeServicesis herebyauthorizedtocontinue appropriationsfor operatingexpendituresthatareencumbered or scheduledto beencumberedat yearend. ResolutionNo. 11-Page 2 PASSEDANDADOPTEDataregularmeeting oftheCupertinoRedevelopmentAgency st this 21 day ofJune 2011, bythefollowing vote: VoteMembers oftheRedevelopmentAgency AYES: NOES: ABSENT: ABSTAIN: APPROVED: Chairman,RedevelopmentAgency ATTEST: Secretary