HomeMy WebLinkAboutOB-035,-w
RESOLUTION NO. OB - 035
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 JULY 1, 2013 THROUGH DECEMBER 31, 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 July 1, 2013 through December 31, 2013 ("Administrative
Budget No. 4") 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. 4 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.
G.trda\Veronica Tapia\Word Files\Oversight Board\Staff Reports\OB Resolution Approving Administrative Budget 4 does
RESOLUTION NO. OB - 035
PASSED, APPROVED AND ADOPTED this 4th day of February, 2013.
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
41111.-Ate
HELLE D. LW SEN, ECRETARY
OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
BRANDL, BUCK, CARVER, LARSON, and SPIEGEL
NONE
DEAS and REYES
NONE
ROBERT . S151EGEL CH -�—
G:\ di\Veronica Tapia\Word Files\Oversight Board\Staff Reports\OB Resolution Approving Administrative Budget 4 docx
RESOLUTION NO. OB - 035
Successor Agency to the
Palm Desert Redevelopment Agency
July 1, 2013 through December 31, 2013
BASED ON ESTIMATED RPTTF DEPOSIT
Administrative Cost Allowance
ADMINISTRATIVE COSTS
Auditing Service
Bank Fees
Consulting Services
Facilities Lease
Legal Services
Personnel Expenditures'
Total Administrative Costs
Jul 1 - Dec 31, 2012
Estimated @ 3%
675,152
ROPS4 Budget
Jul 1- Dec, 2013
11,060
1,029
29,906
33,996
98,922
500,240
675,152
A - Administrative Allowance, B - City General Fund
1 Includes salaries, training, travel, meetings, supplies, etc.
Source of
Payment
A
A
A
A
A
2 A, B
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.
1/23/2013
1:34 PM Proposed Administrative Budget - December 31, 2013