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HomeMy WebLinkAboutRDA Reso 24-2011 RESOLUTION NO. 24-2011 CITY COUNCIL AND REDEVELOPMENT AGENCY BOARD, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA A JOINT RESOLUTION APPROVING THE FISCAL YEAR 2011 -12 OPERATING BUDGET FOR THE CITY OF SOUTH SAN FRANCISCO AND THE REDEVELOPMENT AGENCY OF SOUTH SAN FRANCISCO; APPROPRIATING THE CORRESPONDING FUNDS; AUTHORIZING THE CITY MANAGER/AGENCY EXECUTIVE DIRECTOR TO MAKE SPECIFIED EXPENDITURES; AND APPROVING THE GANN SPENDING LIMIT WHEREAS, the proposed fiscal year 2011 -12 City of South San Francisco Operating Budget is attached hereto; and WHEREAS, the City of South San Francisco ( "City") Operating Budget contains the Redevelopment Agency of South San Francisco ( "Redevelopment Agency") Operating Budget; and WHEREAS, the City Operating Budget and the Redevelopment Agency Operating Budget shall hereafter be referred to collectively as the "Operating Budget" for purposes of adopting this Resolution; and WHEREAS, Section 33606 of the California Health and Safety Code ( "Code ") requires the Redevelopment Agency to adopt an annual budget; and WHEREAS, Section 33334.3(d) of the Code states that moneys in the Redevelopment Agency's Low and Moderate Income Housing Fund ( "Housing Fund ") shall be used to increase, improve, and preserve the supply of low and moderate income housing within the territorial jurisdiction of the Redevelopment Agency; and WHEREAS, the Code further provides that the Redevelopment Agency shall determine annually that the planning and administrative expenses incurred in the Housing Fund are necessary for the production, improvement, or preservation of low and moderate income housing. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San Francisco ( "City Council ") and the Redevelopment Agency Board of Directors of the City of South San Francisco ( "Board "), that the fiscal year 2011 -12 Operating Budget is hereby approved, and hereby appropriates the funds set forth therein. BE IT FURTHER RESOLVED that consistent with the limitations set forth herein, any and all expenditures for agreements relating to either the programs or materials contained in the fiscal year 2011 -12 Operating Budget or the Capital Budget for construction projects not to exceed $25,000 may be expended or entered into under authority of or by the City Manager /Agency Executive Director and are hereby authorized and the payments therefore may be made by the Director of Finance. BE IT FURTHER RESOLVED that monies received during fiscal year 2011 -12 as a consequence of a grant award approved by the City Council are hereby appropriated for the purposes for which the grant has been approved. Such appropriation includes authorization for the City Manager /Agency Executive Director to expend such monies and for the Finance Director to make payments therefore in accordance with the terms and conditions and for the purpose of the grant. BE IT FURTHER RESOLVED that the Finance Director is hereby granted the authority to increase budgeted revenues and budgeted expenses in departments specifically for development related expenses such as expedited plan checks, legal reviews, traffic studies, geotechnical studies, etc., where the developers pay up front for expenses that the City contracts out for. In those cases, the Finance Director, upon receiving those deposits or payments, will increase the budget for revenues and expenses in the appropriate departments where those expenses will take place by a corresponding amount. Said transactions will have no net impact on Reserves, as revenue will offset expenses. BE IT FURTHER RESOLVED that the Finance Director is hereby authorized to increase budgeted revenues and expenses in departments so that departments may use donations made to them. Said transactions will have no net impact on Reserves, as revenue will offset expenses. BE IT FURTHER RESOLVED that the fiscal year 2011 -12 budget attached hereto is hereby officially adopted: - By department by fund for General Fund operating budget appropriations; and - By fund for other operating budget appropriations, including for the Redevelopment Agency. BE IT FURTHER RESOLVED that the Gann Appropriations Limit enclosed in the budget pages that follow is approved, and that the Finance Director may make minor adjustments or corrections to this Gann Limit Schedule if needed to comply with audit requirements. BE IT FURTHER RESOLVED that the City Manager /Agency Executive Director may authorize the Director of Finance to transfer budgets during the year in accordance with generally accepted accounting principles between the following budget categories provided the overall appropriation by funding source is not increased without City Council or Redevelopment Agency Board approval: - Departments within the same fund; and - Capital projects with the same funding source or type; and - Operating and capital budgets for the same department if funded by the same funding source or type. BE IT FURTHER RESOLVED that the Redevelopment Agency Board and the City Council of the City of South San Francisco hereby find that the planning and administrative expenses for fiscal year 2011 -12 as proposed in the attached budget document for the Redevelopment Housing Fund are necessary for the production, improvement, or preservation of low and moderate income housing, pursuant to Section 33334.3 of the California Health and Safety Code. BE IT FURTHER RESOLVED that fund balance and reserve categories in this document are designed for decision - making and informational purposes only for the City Council and Agency Board, and are not intended to replace the reserve classifications supplied by the Governmental Accounting Standards Board (GASB) Statement 54 for governmental funds. BE IT FURTHER RESOLVED that the Director of Finance is hereby authorized to use professional judgment to make corrections to the adopted budget schedules if any related numbers represented on one budget schedule herein do not match the corresponding number as represented in another budget schedule herein. BE IT FURTHER RESOLVED that the Director of Finance is hereby authorized and directed to rollover any outstanding encumbrances from fiscal year 2010 -11 into fiscal year 2011 -12 where sufficient budget savings otherwise allow the rollover. BE IT FURTHER RESOLVED that the Director of Finance is hereby authorized and directed to rollover unencumbered appropriations from grants received in fiscal year 2010 -11 or prior years if so allowed under the terms of the grant. BE IT FURTHER RESOLVED that the staffing levels for each department, as detailed in the fiscal year 2011 -12 Operating Budget are hereby approved. BE IT FURTHER RESOLVED that the Director of Finance is hereby authorized and directed to carry forward unspent fiscal year 2010- 1lunencumbered non - recurring project budgets in the Operating Budget, such as litigation projects. BE IT FURTHER RESOLVED that the master fee schedule for fees for services approved by the City Council for the fiscal year 2011 -12 year is hereby approved. I hereby certify that the foregoing Resolution was regularly introduced and adopted by the Redevelopment Agency of the City of South San Francisco at a special meeting held on the 22 day of June, 2011 by the following vote: AYES: Boardmembers Mark Addiego, Pedro Gonzalez, Vice Chair Richard A. Garbarino and Chairman Kevin Mullin NOES: None ABSTAIN: None ABSENT: Boardmember Karyl Matsumoto A rTEST: vir Agency etary