HomeMy WebLinkAboutSA Reso 2015-01 RESOLUTION NO. SA-2015-01
A RESOLUTION BY THE SUCCESSOR AGENCY TO THE
CATHEDRAL CITY REDEVELOPMENT AGENCY APPROVING A
BUDGET FOR THE FISCAL YEARS 2015-16 AND 2016-17.
WHEREAS, estimates of revenue from all sources and estimates of expenditures
required for the proper conduct of the activities of the Successor Agency to the
Cathedral City Redevelopment Agency ("Successor Agency") for the Fiscal Years 2015-
16 and 2016-17 has been prepared by the City Manager and Administrative Services
Director; and
WHEREAS, the Successor Agency has examined said budget and conferred
with the City Manager and the Administrative Services Director; and
WHEREAS, the Successor Agency Board desires to adopt a final budget for the
fiscal years; and
WHEREAS, the Successor Agency Board has, after due deliberation and
consideration, made such amendments in the proposed final budget as it considered
desirable;
NOW, THEREFORE, BE IT RESOLVED, by the Successor Agency Board as
follows:
SECTION 1. The budget, summary of which is attached hereto and made a part
of hereof, is hereby approved and amounts thereby appropriated to the departments,
activities, and projects. The revenue estimates contained are hereby accepted.
SECTION 2. The Administrative Services Director shall have the authority to
adjust the appropriations within each fund, provided however, the total appropriations
for the entire fund do not exceed the amounts approved in this budget resolution (or
amending resolution). Said adjustments of the appropriations for each department or
activity shall be made only upon written request to the City Manager and/or the
Administrative Services Director, the form of which shall be prescribed and approved by
the Administrative Services Director. Once such a written request is properly executed
and approved, the Finance Department shall make such funds available.
SECTION 3. Transfers of fund balances from one fund to another shall be
approved by the Administrative Services Director.
SECTION 4. At the close of a fiscal year, outstanding Operating Budget
purchase commitments for goods and services will not be carried forward into the next
fiscal year. Budgets for Capital Improvement Projects are appropriated for the duration
of the project. Therefore, appropriations for Capital Improvement Projects and unfulfilled
Capital Improvement purchasing commitments at the end of a fiscal year are
automatically carried forward to the next fiscal year.
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SECTION 5. The repayment of demands prior to audit may be made by the
Administrative Services Director in conformity with the authority provided by Section
37208 of the Government Code of the State of California.
PASSED, APPROVED, AND ADOPTED this 10th day of June, 2015.
S ley E. Henry, Chairman
ATTEST:
-Gary F. owell,=S-cretary
APPROVED AS TO FORM:
Charles R. Green
I, GARY F. HOWELL, SECRETARY of the Successor Agency to the Cathedral
City Redevelopment Agency, do hereby certify that the foregoing Resolution was
introduced and adopted at a regular meeting of the Board of the Successor Agency to
the City of Cathedral City Redevelopment Agency held on the 10th day of June, 2015 by
the following vote:
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