HomeMy WebLinkAboutOB-167RESOLUTION NO. OB - 167
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, 2018, THROUGH
DECEMBER 31, 2018, AND FROM JANUARY 1, 2019, THROUGH
JUNE 30, 2019, 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, 2018, through December 31, 2018 ("Administrative
Budget 18-19A"),and from January 1, 2019 through June 30, 2019 ("Administrative
Budget 18-19B," together with Administrative Budget 18-19, 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 18-
19A, substantially in the form attached hereto as Exhibit A.
Section 3. The Oversight Board hereby approves Administrative Budget 18-
19B, 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 18-19 (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 - 167
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 22nd day of January, 2018.
AYES: BIANCO, JONATHAN, McCORMICK, RODRIGUEZ, STENDELL and WEBER
NOES: NONE
ABSENT: WILSON
ABSTAIN:
ATTEST:
NONE
SUSAN MARIE WEBER, CHAIR
RHELLE D. KLASSENJSECRETAF Y
OVERSIGHT BOARD FOR T;-IE SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
G rda Veronica Tapia Word Fides Staff Reports Osers ght Board'Palm Desert - OB reso for 4dmm Budgets for 18-1 a 1-22-1 B does
2
RESOLUTION NO. OB - 167
EXHIBIT A
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
ADMINISTRATIVE BUDGET 18-19A
RESOLUTION NO. OB - 167
Successor Agency to the
Palm Desert Redevelopment Agency
July 1, 2018 through December 31, 2018
BASED ON ESTIMATED RPTTF DEPOSIT
Administrative Cost Allowance
Jul 1 - Dec 31, 2018
Estimated @ 3%
483,969
ROPS 18-19A Budget
ADMINISTRATIVE COSTS Jul 1 - Dec 31, 2018
Auditing Service 10,000
Bank Fees 30,000
Consulting Services 25,000
Legal Services 50,000
Personnel Expenditures' 368,969
Total Administrative Costs 483,969
A - Administrative Allowance, B - City General Fund
1 Includes salaries, training, travel, meetings, supplies, etc.
2
Source of
Payment
A
A
A
A
A, B
Exhibit "A"
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.
12/28/2017
5:12 PM
Proposed Administrative Budgets A&B - June 30, 2019 1-22-18
RESOLUTION NO. OB - 167
EXHIBIT B
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
ADMINISTRATIVE BUDGET 18-19B
RESOLUTION NO. OB - 167
Successor Agency to the
Palm Desert Redevelopment Agency
January 1, 2019 through June 30, 2019
BASED ON ESTIMATED RPTTF DEPOSIT
Administrative Cost Allowance
Jan 1 - Jun 30, 2019
Estimated @ 3%
483,968
ROPS 18-19B Budget Source of
ADMINISTRATIVE COSTS Jan 1 - Jun 30, 2019 Payment
Auditing Service 10,000 A
Bank Fees 30,000 A
Consulting Services 5,000 A
Legal Services 25,000 A
Personnel Expenditures' 413,968 2 A, B
Total Administrative Costs 483,968
A - Administrative Allowance, 8 - City General Fund
' Includes salaries, training, travel, meetings, supplies, etc.
Exhibit "B"
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.
12/28/2017
5.12 PM
Proposed Administrative Budgets A&B - June 30, 2019 1-22 18