HomeMy WebLinkAboutSA Reso 2023-01 RESOLUTION NO. SA-2023-01
A RESOLUTION BY THE SUCCESSOR AGENCY TO THE CATHEDRAL CITY
REDEVELOPMENT 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 Successor Agency to the Cathedral City
Redevelopment 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, as approved
and presented in the Recognized Obligation Payment Schedule ("ROPS") 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.
Rita L , Chairm n
ATTEST:
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c`\ /VA 4 OrkifiX/MZIZIA,
Tracey R.Hermosillo, Secretary
APPROVED AS TO F RM•
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Eric S. Vail, City Attorney
I, TRACEY R. HERMOSILLO, 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 24th day of May 2023 by the following vote:
AYES: Board Members Gutierrez , Gregory and Ross; Vice-Chair Carnevale
and Chair Lamb
NOES: None
ABSENT: None
ABSTAIN: None
Tracey R. ermosillo, Secretary