HomeMy WebLinkAboutOB-063RESOLUTION NO. OB - 063
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, 2014 THROUGH DECEMBER 31, 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 July 1, 2014 through December 31, 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.
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RES. NO. OB - 063
PASSED, APPROVED AND ADOPTED this 24th day of February, 2014.
AYES: BUCK, JONATHAN, KINNAMON, LARSON, and CARVER
NOES: NONE
ABSENT: BRANDL and SPIEGEL
ABSTAIN: NONE
ATTEST:
IAM CARVER, ACTING CHAIR
R ELLE D. KLASSE'SECRETARY
OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
G \rda\Veronica Tapia\Word Fdcs\StaffReports \Oversight Board \Staff Reports\OB Resolution Approving Administrative Budget 6 2-24-14 doca
RES. NO. OB - 063
Successor Agency to the
Palm Desert Redevelopment Agency
July 1, 2014 through December 31, 2014
BASED ON ESTIMATED RPTTF DEPOSIT Jul 1 - Dec 31, 2014
Estimated @ 3%
Administrative Cost Allowance 608,573
ROPS 14-15A Budget Source of
ADMINISTRATIVE COSTS Jul 1 - Dec 31, 2014 Payment
Auditing Service 22,434 A
Bank Fees 3,866 A
Consulting Services 59,418 A
Facilities Lease 33,996 A
Legal Services 100,329 A
Personnel Expenditures 388,530 2 A, B
Total Administrative Costs 608,573
A - Administrative Allowance, B - City General Fund
Includes a portion of 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.
2/10/2014
9:54 AM Proposed Administrative Budget - December 31, 2014
RES. NO. OB - 063
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