HomeMy WebLinkAboutHSA Reso 2023-01 RESOLUTION NO. HSA-2023-01
A RESOLUTION BY THE CITY OF CATHEDRAL CITY AS THE
HOUSING SUCCESSOR AGENCY APPROVING A BUDGET FOR THE
FISCAL YEARS 2023/2024 AND 2024/2025.
WHEREAS, estimates of revenue from all sources and estimates of expenditures
required for the proper conduct of the activities of the City of Cathedral City as the
Housing Successor Agency ("Successor Agency") for the Fiscal Years 2023/2024 and
2024/2025 has been prepared by the City Manager and Financial Services Director; and
WHEREAS, the Successor Agency has examined said budget and conferred
with the City Manager and the Financial 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 Financial 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 Financial Services
Director, the form of which shall be prescribed and approved by the Financial Services
Director. Once such a written request is properly executed and approved, the Financial
Services Department shall make such funds available.
SECTION 3. Transfers of fund balances from one fund to another shall be
approved by the Financial 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 the five-year plans are appropriated for the duration of the
project. Therefore, appropriations for the five-year plans and any unfulfilled purchasing
commitments at the end of a fiscal year are automatically carried forward to the next
fiscal year.
SECTION 5. The repayment of demands prior to audit may be made by the
Financial 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 24th day of May 2023.
41-73/ -
Rita Lamb, Mayor
ATTEST:
r • Vl
Tracey R. ermosillo, Secretary
APPROVED AS TO F RM:
Eric S. Vail, Agency Attorney
I, TRACEY R. HERMOSILLO, SECRETARY of the Housing Successor Agency,
do hereby certify that the foregoing Resolution was introduced and adopted at a regular
meeting of the Board of the Housing Successor Agency held on the 24th day of May
2023 by the following vote:
AYES: Councilmembers Gutierrez , Gregory and Ross; Mayor Pro Tem
NOES: 'clone and Mayor Lamb
ABSENT: None
ABSTAIN: None
Tracey R. ermosillo, Secretary