HomeMy WebLinkAboutRES RDA 2011 240 2011 0119RESOLUTION NO. 2011 -240
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF MOORPARK, CALIFORNIA, AMENDING
THE FISCAL YEAR 2010/11 BUDGET BY DECREASING
THE MRA OPERATING FUND (2902) REVENUE BY
$5,000,000 AND EXPENDITURE BY $5,041,715 AND
APPROPRIATING $495,000 FROM THE MRA 2006 TAB
PROCEEDS FUND (2905) FOR CONSTRUCTION OF THE
RUBEN CASTRO HUMAN SERVICES CENTER CAPITAL
IMPROVEMENT PROJECT (5020)
WHEREAS, on June 16, 2010, the Agency Board adopted the MRA Operating
and Capital Improvement budget for Fiscal Year 2010/11; and
WHEREAS, the adopted budget includes expenditure appropriations totaling
$14,410,287 for the Ruben Castro Human Services Complex Capital Improvement
Project (5020) from CDBG Entitlement Fund (2701) - $170,446; MRA Operating Fund
(2902) - $5,041,715 and MRA 2006 TAB Proceeds Fund (2905) - $9,198,126; and
WHEREAS, in order to balance the Agency's adopted budget, staff included
revenue of $5,000,000 from other financing sources in the MRA Operating Fund (2902)
to pay for the Ruben Castro Human Services Complex Capital Improvement Project
(5020); and
WHEREAS, staff has determined that the Agency will not be able to secure the
$5,000,000 outside financing as anticipated to complete the project and staff is
requesting the Agency Board reduce the MRA Operating Fund (2902) revenue budget
by $5,000,000 and decrease the expenditure budget by $5,041,715, and
WHEREAS, a staff report has been presented to the Board requesting additional
money to fully use MRA 2006 TAB Proceeds Fund (2905) for this project; and
WHEREAS, a budget adjustment in the aggregate amount of $495,000.00 is
requested from the MRA 2006 TAB Proceeds Fund (2905) for this work; and
WHEREAS, Exhibit "A ", attached hereto and made a part hereof, describes said
budget amendments and the resultant impacts to the budget line items.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
MOORPARK DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. That the MRA Operating Fund (2902) revenue budget is hereby
reduced by $5,000,000 and the expenditure budget is hereby reduced by $5,041,715.
Resolution No. 2011 -240
Page 2
SECTION 2. A budget amendment in the amount of $495,000.00 from the MRA
2006 TAB Proceeds Fund (2905), as more particularly described in Exhibit "A ", attached
hereto, is hereby approved.
SECTION 3. 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 19th day of January, 2011.
ATTEST:
Maureen Benson, Agency Secretary
Attachment: Exhibit A — Budget Amendment
Vaice S. Pa in, Chair
Resolution No. 2011 -240
Page 3
EXHIBIT A
BUDGET AMENDMENT FOR
MRA OPERATING FUND (2902) AND
MRA 2006 TAB PROCEEDS FUND (2905)
FOR THE RUBEN CASTRO HUMAN SERVICES CENTER
FUND ALLOCATION FROM:
Fund
Account Number
Amount
MRA 2006 TAB Proceeds Fund
2905 -5500
$ 495,000.00
MRA Operating Fund
2902 -5500
$ (41,715.00
Total
$ 41,715.00)
$ 453,285.00
DISTRIBUTION OF APPROPRIATION TO (2902) EXPENSE
ACCOUNTS:
Account Number
Current
Budget*
Revision
Amended Budget
2902.2410.5020.9620
$ 5,000,000.00
$ 5,000,000.00
$ -
2902.2410.5020.9603
$ 41,715.00
$ 41,715.00)
$ -
Total
$ 5,041,715.00
1 $ 5,041,715.00
$ -
DISTRIBUTION OF APPROPRIATION TO (2905) EXPENSE
ACCOUNTS:
Account Number
Current Budget
Current
Budget*
Amended Budget
Revision
Amended Budget
2905.2410.5020.9601
$
208,711.00
$
131,000.00
$
339,711.00
2905.2410.5020.9603
$
179,007.00
$
195,000.00
$
374,007.00
2905.2410.5020.9625
$
-
$
169,000.00
_
$
169,000.00
Total
$
387,718.00
1 $
495,000.00 1
$
882,718.00
REVENUE BUDGET ALLOCATION:
_ Account Number
Current Budget
Revision
Amended Budget
2902 -3730
$ 5, 000, 000.00
$ (5,000,000-00)
$ -
Total
$ 5,000,000.00
$ 5,000,000.00
$ -
Resolution No. 2011 -240
Page 4
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 -240 was adopted by the Redevelopment Agency of the City of
Moorpark at a regular meeting held on the 19th day of January, 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 February,
Maureen Benson, Agency Secretary
(seal)
ABLISHELI*
tCH 18,1ss7 �I
clY of