HomeMy WebLinkAbout04-07 RDA Resolution
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RESOLUTION NO. RDA 04-07
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
REDEVELOPMENT AGENCY OF THE CITY OF TEMECULA
ADOPTING THE FY 2004-05 ANNUAL OPERATING BUDGET
AND ESTABLISHING CONTROLS ON CHANGES IN
APPROPRIATIONS
WHEREAS, the Board of Directors of the Redevelopment Agency of the City of
Temecula has reviewed the proposed final FY 2004-05 annual operating budget and has held
such public meetings as are necessary prior to adoption of the final operating budget.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the
Redevelopment Agency of the City of T emecula as follows:
Section 1. That the FY 2004-05 RDA operating budget is hereby adopted.
Section 2. That the following controls are hereby placed on the use and transfers of
budget appropriations:
A. No expenditure of funds shall be made unless there is an unencumbered
appropriation available to cover the expenditure.
B. The Department Director may prepare a transfer of appropriations within
departmental budget accounts, with the approval of the Executive Director.
C. The Agency Members must authorize transfers (appropriations) of funds from
the Unreserved Fund Balance and transfers between departmental budget
accounts.
D. The Agency Members must authorize any increase in regular personnel
positions above the level indicated in the final budget. The Executive Director
may authorize the hiring of temporary or part time staff as necessary within
the limits imposed by the controls listed above.
E. The Executive Director may authorize expenditures of funds in amounts up to
$25,000. Any expenditure of funds in excess of $25,000 requires Agency
Member action.
F. The Executive Director may authorize Public Works contracts in amounts up
to $25,000. Any expenditure of Public Works funds in excess of $25,000
require Agency Member action, except that the Executive Director may
approve change orders on Public Works contracts approved by the Agency
Members in amounts up to project contingency established by the Agency
Members.
Section 3. Outstanding encumbrances shown on the Agency books at June 30, 2004
are hereby appropriated for such contracts or obligations for FY 2004-05.
Section 4. The Agency hereby finds and determines that the planning and
administrative expenses to be paid from the Low and Moderate Income Housing Fund for each
redevelopment project are necessary for the production, improvement or preservation of low
and moderate income housing and are not disproportionate to the amounts budgeted for the
costs of production, improvement or preservation of that housing.
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Section 5. The Agency Secretary shall certify adoption of the resolution.
PASSED, APPROVED AND ADOPTED, by the Board of Directors of the
Redevelopment Agency of the City of Temecula this ath day of June, 2004.
ATTEST:
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STATE OF CALIFORNIA
COUNTY OF RIVERSIDE
CITY OF TEMECULA
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I, Susan W. Jones, City Clerk/Agency Secretary of the Redevelopment Agency of the
City of Temecula, do hereby certify that the foregoing Resolution No. RDA 04-07 was duly and
regularly adopted by the Board of Directors of the Redevelopment Agency of the City of
Temecula at a regular meeting thereof held on the ath day of June, 2004, by the following vote:
AYES: 4
NOES: 0
ABSENT:
ABSTAIN: 0
AGENCY MEMBERS: Naggar, Roberts, Stone, Comerchero
AGENCY MEMBERS: None
AGENCY MEMBERS: Washington
AGENCY MEMBERS: None
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