HomeMy WebLinkAboutOB-117RESOLUTION NO. OB - ill
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, 2015 THROUGH DECEMBER 31, 2015 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, 2015 through December 31, 2015 ("Administrative
Budget No. 8") 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 \,da\Veronica Tapia\Word Files\Staff Reports\Oversight Board\Staff Reports\OB Resolution Approving Administrative Budget 8 2-12-15 docx
RESOLUTION NO. OB-117
PASSED, APPROVED AND ADOPTED this23rdday of February, 2015.
AYES: BUCK, CARVER, KINNAMON, LARSON, RODRIGUEZ, and SPIEGEL
NOES: NONE
ABSENT: JONATHAN
ABSTAIN: NONE
ATTEST:
Sit
ELLE D. KLASSEN', SECRETARY
OVERSIGHT BOARD FOR THE SUCCESSO AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
ROBER A. SgEL"
G \sda\Veronica Tapia\Word Files\Staff Reports\Oversight Board\Staff Reports\OB Resolution Approving Administrative Budget 8 2-12-15 docx
RESOLUTION NO. OB-117 EXHIBIT A
Successor Agency to the
Palm Desert Redevelopment Agency
July 1, 2015 through December 31, 2015
BASED ON ESTIMATED RPTTF DEPOSIT Jul 1 - Dec 31, 2015
Estimated @ 3%
Administrative Cost Allowance 566,362
ROPS 15-16A Budget Source of
ADMINISTRATIVE COSTS Jul 1 - Dec 31, 2015 Payment
Auditing Service 10,000 A
Bank Fees 30,000 A
Consulting Services 25,000 A
Facilities Lease 36,000 A
Legal Services 50,000 A
Personnel Expenditures 415,362 2 A, B
Total Administrative Costs 566,362
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.
2/6/2015
10:43 AM Proposed Administrative Budget - December 31, 2015
RESOLUTION NO. OB - 117
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