HomeMy WebLinkAboutOB-051RESOLUTION NO. OB - 051
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, 2014 THROUGH JUNE 30, 2014 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, 2014 through June 30, 2014 ("Administrative
Budget No. 5") 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. 5 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 \rda\Verona Tapia\Word Files\Staff Reports\Oversight Board\Staff Reports\OB Resolution Approving Administrative Budget 5 9-9-13 dots
RESOLUTION NO. OB - 051
PASSED, APPROVED AND ADOPTED this 10T}tlay of September, 2013.
AYES: CARVER, KINNAMON, LARSON, and SPIEGEL
NOES: NONE
ABSENT: BRANDL, BUCK, and McDANIEL
ABSTAIN: NONE
ATTEST:
zeeCet-6'
ROBERT A. SPIEGEL,AH
RA' ' EL E I . KLASS3 , SECRETARY
OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
GArdaWe onica Tapia\Word Files\Staff Repons\Over ight BoardlSlaffReports\OB Resolution Approving Administrative Budget 5 9-9-13 docx
RESOLUTION NO. OB - 051 EXHIBIT A
Successor Agency to the
Palm Desert Redevelopment Agency
January 1, 2014 through June 30, 2014
BASED ON ESTIMATED RPTTF DEPOSIT Jan 1 - Jun 30, 2014
Estimated @ 3%
Administrative Cost Allowance 656,445
ROPS 13-14B Budget Source of
ADMINISTRATIVE COSTS Jan 1-June 30, 2014 Payment
Auditing Service 11,367 A
Bank Fees 3,918 A
Consulting Services 30,100 A
Facilities Lease 33,996 A
Legal Services 101,672 A
Personnel Expenditures 475,392 2 A, B
Total Administrative Costs 656,445
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 bome by the City's General Fund.
8/29/2013
10:56 AM
Proposed Administrative Budget - June 30, 2014
RESOLUTION NO. OB - 051
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