HomeMy WebLinkAboutRES RDA 2011 244 2011 0216RESOLUTION NO. 2011 -244
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF MOORPARK, CALIFORNIA, AUTHORIZING
AN AMENDMENT TO THE FISCAL YEAR 2010/2011
ADOPTED OPERATING AND CAPITAL IMPROVEMENTS
BUDGET
WHEREAS, on June 16, 2010, the Moorpark Redevelopment Agency adopted
the Operating and Capital Improvements Budget for fiscal year 2010/2011; and
WHEREAS, certain additions and adjustments to the budget are proposed to
allow for effective service delivery for the balance of the fiscal year; and
WHEREAS, the Board of Directors of the Moorpark Redevelopment Agency now
wishes to amend the 2010/2011 fiscal year budget as noted in Exhibits "A and B ".
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
MOORPARK DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. A budget amendment as more particularly described in Exhibits "A
and B" attached hereto is hereby approved.
SECTION 2. The Agency Secretary shall certify to the adoption of this resolution
and shall cause a certified resolution to be filed in the book of original resolutions.
PASSED AND ADOPTED this 16th day of February, 2011.
ATTEST:
Maureen Benson, Agency Secretary
Attachment: Exhibits A and B — Mid Year Budget Amendment
Resolution No. 2011 -244
Page 2
Exhibit "A"
MOORPARK REDEVELOPMENT AGENCY
Mid Year Budget Amendment for the 201012011 Fiscal Year
Summary by Fund
Fund
2901 - Low /Mod Housing
2902 - MRA Operation
2904 - MRA Bonds Proceeds
2001
2905 - MRA 2006 TA Bonds
3900 - MRA Debt Service
3901 - MRA 99 TAB
3902 - MRA 01 TAB
3903 - MRA 06 TAB
Projected
Projected
Net Fund
Revenue
Expenditure
Impact
Increase
Increase
Increase
(Decrease)
(Decrease)
(Decrease)
$ 396,000
150,000
$ 114,000
$ 396,000
150,000
(114,000)
$ 546,000 $ 114,000 $ 432,000
Exhibit "B"
Moorpark Redevelopment Agency
Mid Year Budget Amendment for the 201012011 Fiscal Year
Total
revenue $546,000
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0
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Object
Current
Current
Amended
Budget Unit
Code
Fund /Division
Description
Budget
Actual
Revision
Budget
Explanation
REVENUE:
2901
3021
LOW /Mod Housing
Tax Increment Unsecured
$178.000
$218.160
$40,000
$218.000
Prior year adjustments included
2901
3741
LowlMod Housing
Other Loan Payoff
-
349.607
350,000
350,000
AHA pre - development loan payoff
2901
3750
Low /Mod Housing
Miscellaneous Revenues
-
5.631
6,000
6,000
Area housing authority escrow close refund
Subtotal
396,000
2902
3021
MRA Operations
Tax Increment Unsecured
760,000
872,642
115,000
875,000
Prior year adjustments included
2902 - 2610 -5045
3410
MRA Operations
Ticket Sales
8.000
42,498
35;000
43,000
High Street Arts Center Evita ticket sales
Subtotal
150,000
Total
revenue $546,000
CD
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0
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0
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A
Exhibit "B"
Moorpark Redevelopment Agency
Mid Year Budget Amendment for the 2010/2011 Fiscal Year
Object Current Current Amended
Budget Unit Code Fund /Division Description Budget Actual Revision Budget Explanation
EXPENDITURES:
Watershed Protection Dist
2904 -2410 -5052 9650 MRA Area 1 '01 Bond Construction Inspection S S S114.000 $114,000 plan check & inspection
Subtotal 114,000
Total
expenditures $114,000
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Resolution No. 2011 -244
Page 5
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Maureen Benson, Agency Secretary of the Redevelopment Agency of the
City of Moorpark, California, do hereby certify under penalty of perjury that the
foregoing Resolution No. 2011 -244 was adopted by the Redevelopment Agency of
the City of Moorpark at a regular meeting held on the 16th day of February, 2011,
and that the same was adopted by the following vote:
AYES: Agency Members Mikos, Millhouse, Pollock, Van Dam, and Chair
Parvin
NOES: None
ABSENT: None
ABSTAIN: None
2011.
WITNESS my hand and the official seal of said City this 2nd day of March,
Maureen Benson, Agency Secretary
(seal)