HomeMy WebLinkAboutOB-008RESOLUTION NO. OB - 008
A RESOLUTION OF THE OVERSIGHT BOARD OF DIRECTORS FOR
THE SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY APPROVING A PROPOSED
ADMINISTRATIVE BUDGET FOR THE SIX-MONTH FISCAL PERIOD
FROM JANUARY 1, 2013 THROUGH JUNE 30, 2013 AND TAKING
CERTAIN RELATED ACTIONS
RECITALS:
A. Pursuant to Health and Safety Code Section 34177(j), the Successor
Agency to the Palm Desert Redevelopment Agency (the "Successor Agency") must
prepare a proposed administrative budget for each six-month fiscal period (commencing
each January 1 and July 1) and submit each proposed administrative budget to the
oversight board for the Successor Agency (the "Oversight Board") for approval.
B. A proposed administrative budget for the Successor Agency for the six-
month fiscal period from January 1, 2013 through June 30, 2013 ("Administrative
Budget No. 3") has been presented to this Board for approval, and is attached hereto as
Exhibit A.
NOW, THEREFORE, THE OVERSIGHT BOARD FOR THE SUCCESSOR
AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY HEREBY FINDS,
DETERMINES, RESOLVES, AND ORDERS AS FOLLOWS:
Section 1. The above recitals are true and correct and are a substantive part
of this Resolution.
Section 2. The Oversight Board hereby approves the proposed Administrative
Budget No. 3 substantially in the form attached hereto as Exhibit A.
Section 3. The officers of the Oversight Board and staff of the Successor
Agency are hereby authorized and directed, jointly and severally, to do any and all
things which they may deem necessary or advisable to effectuate this Resolution.
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RESOLUTION NO. OB - 008
PASSED, APPROVED AND ADOPTED this 20th day of Auaust, 2012.
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
BRANDL, BUCK, CARVER, DEAS, LARSON, REYES, AND SPIEGEL
NONE
NONE
NONE
_fee*
ROBERT A. SPIEG
RA HELLO D. KLASSE , SECRETARY
OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
G:Wa\Veronica Tapia\Word Files\Oversight Board\Staff Reports\OB Resolution Approving Administrative Budget 3 DOCX
RESOLUTION NO. OB - 008
EXHIBIT A
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
ADMINISTRATIVE BUDGET
(January 1, 2013 through June 30, 2013)
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RESOLUTION NO. OB - 008
Successor Agency to the
Palm Desert Redevelopment Agency
January 1, 2013 through June 30, 2013
BASED ESTIMATED RPTTF DEPOSIT
Administrative Cost Allowance
Jan 1- Jun 30, 2012
Estimated @ 3%
617,691
ROPS3 Budget Source of
ADMINISTRATIVE COSTS Jan 1- Jun 30, 2012 Payment
Auditing Service 10,282 A
Bank Fees 14,423 A
Consulting Services 64,095 A
Facilities Lease 31,998 A
Legal Services 81,020 A
Personnel Expenditures) 415,873 2 A, B
Total Administrative Costs 617,691
A - Administrative Allowance, B - City General Fund
1 Includes salaries, training, travel, meetings, supplies, etc.
2City staff time reimbursement costs in excess of SARDA allowable administrative costs (as
adjusted per Department of Finance) will be borne by the City's General Fund.
8/6/2012
3:26 PM Proposed Administrative Budget -June 30, 2012