HomeMy WebLinkAboutOB-141RESOLUTION NO. OB - 141
A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR
AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
APPROVING PROPOSED ADMINISTRATIVE BUDGETS FOR THE
SIX-MONTH FISCAL PERIODS FROM JULY 1, 2016 THROUGH
DECEMBER 31, 2016, AND FROM JANUARY 1, 2017 THROUGH
JUNE 30, 2017, 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 of the Successor Agency (the "Oversight Board") for approval.
B. The Successor Agency's proposed administrative budgets for the six-
month fiscal periods from July 1, 2016 through December 31, 2016 ("Administrative
Budget 16-17A") and from January 1, 2017 through June 30, 2017 ("Administrative
Budget 16-17B," together with Administrative Budget 16-17A, the "Administrative
Budgets") have been presented to this Oversight Board for approval.
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 Administrative Budget 16-
17A, substantially in the form attached hereto as Exhibit A.
Section 3. The Oversight Board hereby approves Administrative Budget 16-
17B, substantially in the form attached hereto as Exhibit B.
Section 4. The 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 and the Administrative Budgets, including
making any adjustment to the proposed Administrative Budgets to make them
consistent with the Successor Agency's Recognized Obligation Payment Schedule for
fiscal year 2016-17 (as such Recognized Obligation Payment Schedule is approved by
the State Department of Finance).
Section 5. If any provision of this Resolution or the application thereof to any
person or circumstance is held invalid, such invalidity shall not affect other provisions or
applications of this Resolution which can be given effect without the invalid provision or
application, and to this end, the provisions of this Resolution are severable. The
RESOLUTION NO. OB - 141
Oversight Board hereby declares that it would have adopted this Resolution regardless
that one or more portion may be determined to be invalid.
PASSED, APPROVED AND ADOPTED this 25th day of January, 2016.
AYES: JONATHAN, PACK, RODRIGUEZ, and SPIEGEL
NOES: NONE
ABSENT: BUCK and KINNAMON
ABSTAIN: NONE
ROB24.454
. SPIEGEL, 4HA
ATTEST:
ELLE D. KLASSEN, SECRETARY
OVERSIGHT BOARD FOR THE SUCCES3bR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
G \rda\Veronica Tapia\Word Files\Staff Reports\Oversight Board\Palm Desert - OB reso for Admin Budgets for 16-17 1-25-16 docx
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RESOLUTION NO. OB - 141
EXHIBIT A
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
ADMINISTRATIVE BUDGET 16-17A
RESOLUTION NO. OB - 141
Successor Agency to the
Palm Desert Redevelopment Agency
July 1, 2016 through December 31, 2016
BASED ON ESTIMATED RPTTF DEPOSIT Jul 1 - Dec 31, 2016
Estimated @ 3%
Administrative Cost Allowance 511,917
ROPS 16-17A Budget Source of
ADMINISTRATIVE COSTS Jul 1 - Dec 31, 2016 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' 360,917 2 A, B
Total Administrative Costs 511,917
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.
1/12/2016
3:41 PM Proposed Administrative Budgets A&B - June 30, 2017
RESOLUTION NO. OB - 141
EXHIBIT B
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
ADMINISTRATIVE BUDGET 16-17B
RESOLUTION NO. OB - 141
Successor Agency to the
Palm Desert Redevelopment Agency
January 1, 2017 through June 30, 2017
BASED ON ESTIMATED RPTTF DEPOSIT Jan 1 - Jun 30, 2017
Estimated @ 3%
Administrative Cost Allowance 505,306
ROPS 16-17B Budget Source of
ADMINISTRATIVE COSTS Jan 1- Jun 30, 2017 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' 354,306 2 A, B
Total Administrative Costs 505,306
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.
1/12/2016
3:41 PM Proposed Administrative Budgets A&B - June 30, 2017