HomeMy WebLinkAboutRDA AG PKT 2011-09-12 #2f -�F SEA(` ems,
REDEVELOPMENT AGENCY
AGENDA STAFF REPORT
���cgCIFORN \Q: i•
DATE: September 12, 2011
TO: Honorable Chair and Agency Members
THRU: Jill R. Ingram, Executive Director
FROM: Sean P. Crumby, Assistant City Manager /Public Works
SUBJECT: FISCAL YEAR 2010 -11 YEAR END BUDGET
MODIFICATIONS - REDEVELOPMENT AGENCY
SUMMARY OF REQUEST:
Staff requests that the City Council adopt Resolution No. 11 -11 approving Budget
Amendment No. RDA 11 -12 -02 to revise various appropriations.
BACKGROUND AND ANALYSIS:
The new auditing firm Lance, Soll, & Lunghard has requested that the City
finalize its FY 2010 -211 appropriations prior to submitting the final trial balance to
them. Therefore, City staff has completed the Year End Budget review of the FY
2010 -11 budget and Resolution No. 11 -11 provides changes to appropriations
based on analysis and discussions with Department Directors. The following
provides additional information for the most significant changes:
Appropriations:
o Legal Services — RDA Riverfront Fund — The budget increase of $41,200
was due to increased redevelopment activities.
ENVIRONMENTAL IMPACT:
There is no Environmental Impact related to this item.
LEGAL ANALYSIS:
No legal analysis is required for this item.
Agenda Item 2
FINANCIAL IMPACT:
Based on the year end budget review, expenditures increased by $41,200 in the
RDA Riverfront Fund.
RECOMMENDATION:
It is recommended that the City Council adopt Resolution No. 11 -11 approving
Budget Amendment No. RDA 11 -12 -02 to revise various appropriations.
SUBMITTED BY:
Sean P. Crumby,
Assistant City Manager ublic Works
NOTED AND APPROVED:
4 RIngram, Ex cu ive Director
Prepared by: Alayna Hoang, Senior Accountant
Attachment:
A. Resolution No. 11 -11
Page 2
RESOLUTION NUMBER 11 -11
A RESOLUTION OF THE SEAL BEACH REDEVELOPMENT AGENCY
AUTHORIZING A BUDGET AMENDMENT NO. RDA 11 -12 -02
THE FISCAL YEAR 2010 -11 FINAL YEAR -END BUDGET REVIEW
WHEREAS, the fiscal year 2010 -11 budget requires budgetary amendments as outlined below:
THE REDEVELOPMENT AGENCY OF THE CITY OF SEAL BEACH DOES HEREBY RESOLVE:
Section 1. The Agency hereby adopts an amendment to the FY 2010 -11 agency budget by an increase of $41,200 to
account number 063 - 081 -49800 as follows:
REVISED/
ADOPTED PROPOSED BUDGET (dif) EXPLANATION
DESCRIPTION ACCOUNT BUDGET BUDGET AMENDMENT FOR CHANGE
RIVERFRONT REDEVELOPMENT FUND
EXPENDITURES
RDA Riverfront Fund
Increased redevelopment
Legal Services 063 - 081 -49800 681,700 722,900 41,200 activities.
Total Change in RDA Riverfront Fund 41,200
Total Redevelopment Fund increase in appropriations 41,200
PASSED, APPROVED AND ADOPTED by the City Council of the City of Seal Beach
on 12th day of September. 2011 by the following vote:
AYES: Agency Members
ATTEST:
NOES: Agency Members
ABSENT: Agency Members
ABSTAIN: Agency
Chair
Secretary/ City Clerk
STATE OF CALIFORNIA }
COUNTY OF ORANGE }
CITY OF SEAL BEACH }
I, Linda Devine, City Clerk of the City of Seal Beach, California, do hereby certify that the foregoing resolution is the original copy of
Resolution Number 11 -11 on file in the office of the City Clerk, passed, approved, and adopted by the Redevelopment Agency
of the City of Seal Beach, at a regular meeting thereof held on the 12th day of September , 2011.
Secretary/City Clerk