HomeMy WebLinkAboutReso RDA 3-1991 RESOLUTION NO. '3-91
REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION APPROVING THE FISCAL YEAR 1991-1992 OPERATING
BUDGET FOR THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH
SAN FRANCISCO AND ADOPTING CORRESPONDING APPROPRIATIONS
WHEREAS, the Executive Director has submitted to the Redevelopment Agency
estimates of revenues from all sources, and estimates of expenditures required
for the proper conduct of the activities of the Redevelopment Agency of the
City of South San Francisco, including the low and moderate income housing
fund, for the Fiscal Year 1991-1992; and
WHEREAS, the Agency provided interested persQns an opportunity to be
heard on matters pertaining to the proposed budget;
NOW, THEREFORE, BE IT RESOLVED by the Board of the Redevelopment Agency
of the City of South San Francisco that:
(1) The operating budget for Fiscal Year 1991-1992 presented by the
Executive Director contained within the document entitled 'City of South San
Francisco Preliminary Operating Budget 1991-1992" and any changes and
revisions thereto approved by the Agency are hereby approved and adopted as
the Operating Budget of the Redevelopment Agency of the City of South San
Francisco for the Fiscal Year 1991-1992. A copy of the approved budget is on
file in the office of the City Clerk.
(2) Any and all expenditures for, and agreements relating to, the
programs and materials described in the budget, when expended or entered into
under authority of or by the Executive Director, are hereby approved and
authorized, and payments therefore may be made by the Director of Finance.
(3) The following amounts are hereby appropriated for expenditure:
$729,.428 for redevelopment projects and $99,300
for the low and moderate income housing fund.
(4) The budget anticipates no additional indebtedness in 1991-1992.
(5) The Director of Finance is hereby authorized and directed to
distribute the appropriations, transfers, and reserves to the various accounts
of the Agency in accordance with generally accepted accounting practices and
consistent with the approved budget.
(6) The Director of Finance is hereby authorized and directed to
rollover any outstanding encumbrances from Fiscal Year 1990-1991 into Fiscal
Year 1991-1992.
(7) The Director of Finance is hereby authorized and directed to
rollover unencumbered appropriations from grants received in 1991-1992 or
prior years if so allowed under the terms of the grant.
I hereby certify that the foregoing Resolution was regularly introduced
and adopted by the City Council of the City of South San Francisco at a
regular meeting held on the 26th day of June , 1991 , by the
following vote:
AYES: Redevelopment Agency Boardmembers Richard A. Haffey, Gus Nicolopulos,
John R. Penna, Roberta Cerri Teglia, and Chairman Jack Drago
NOES: None
ABSTAIN: None
ABSENT: None
City Clerk