HomeMy WebLinkAboutOB Res 13-04 2013-10-01 RESOLUTION NUMBER OB13-04
A RESOLUTION OF THE OVERSIGHT BOARD OF DIRECTORS FOR
THE SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH
REDEVELOPMENT AGENCY APPROVING A PROPOSED
ADMINISTRATIVE BUDGET FOR THE SIX-MONTH FISCAL PERIOD
FROM JANUARY 1 THROUGH JUNE 30, 2014 AND TAKING CERTAIN
RELATED ACTIONS
RECITALS:
A. Pursuant to Health and Safety Code Section 34177(j), the Successor
Agency to the City of Seal Beach 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. There has been presented to this Board for approval a proposed
administrative budget for the Successor Agency for the six-month fiscal period from
January 1, 2014 through June 30, 2014 (Administrative Budget 13-14B).
NOW, THEREFORE, THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO
THE CITY OF SEAL BEACH 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 13-14B substantially in the form attached hereto as Exhibit A.
Section 3. The staff of the Successor Agency is hereby directed to provide the State
Department of Finance ("DOF") written notice and information regarding the action taken
by the Oversight Board in Section 2 of this Resolution. Such notice and information shall
be provided by electronic means and in a manner of DOF's choosing.
Section 4. 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.
PASSED, APPROVED AND ADOPTED by the Oversight Board at a meeting held on the
1st day of October , 2013.
AYES: Board Member-: ..i_i�, S.;//Ad .,.� V� ,�, ♦ �
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NOES: Board Members: /
ABSENT: Board Members: Cr n A
ABSTAIN: Board Members: /Th0
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Chair, Oversight Board
ATT ST:
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ecr-tary, Oversight Board
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF SEAL BEACH )
I, Linda Devine, Secretary to the Oversight Board, hereby certify that the foregoing
resolution was duly adopted at a meeting of the Oversight Board, held on the 1st day
of October , 2013.
r ' ,
ecr= ary, Oversight Board
Exhibit A
SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY
ADMINISTRATIVE BUDGET
Fiscal Period January 1 -June 30,2014
CATEGORYI
The items listed below include amounts to be reimbursed by the Successor Agency to the City of Seal Beach,pursuant to a Cooperative
Agreement for Advance and Reimbursement of Administrative,Overhead and other Expenses("Cooperative Agreement"),by and between the
City and the Successor Agency,in the form approved by the Successor Agency Board pursuant to Resolution No.SA 12-10,adopted on April 9,
2012. Pursuant to the Cooperative Agreement,the Successor Agency reimburses the City for all costs advanced by the City for the
administration and operation of the Successor Agency,including but not limited to value of staff,consultants and legal counsel,office space,
equipment,supplies,insurance and other services and facilities.
PROPOSED
ADMINISTRATIVE FUNDING
DESCRIPTION BUDGET SOURCE
Staffing for the Successor Agency
City Manager (5.00°/x) 4,846 Administrative Allowance
City Clerk (5.00%) 3,074 Administrative Allowance
Accountant(2.00°/x) 793 Administrative Allowance
Accounting Technician (2.00°/x) 582 Administrative Allowance
Accounting Technician (1.00%) 261 Administrative Allowance
Finance Manager (10.00°/x) 4,208 Administrative Allowance
Director of Finance (10.00%) 7,441 Administrative Allowance
Staffing for the Oversight Board
City Manager (1.00%) 969 Administrative Allowance
City Clerk (2.00%) 1,230 Administrative Allowance
Finance Manager (1.00°/x) 421 Administrative Allowance
Director of Finance (2.00%) 1,488 Administrative Allowance
Overhead Cost
Services/Facilities 687 Administrative Allowance
TOTAL 26,000
CATEGORY II
Health&Safety Code Section 34177(k)states:"Provide administrative cost estimates,from its approved administrative budget that are to be
paid from property tax revenues deposited in the Redevelopment Property Tax Trust Fund,to the county auditor-controller for each six-month
fiscal period." Listed below are the administrative cost items that the Successor Agency anticipates to pay from property tax revenues
deposited in the Redevelopment Property Tax Trust Fund. These items may include amounts to be reimbursed by the Successor Agency
pursuant to the Cooperative Agreement.
Pursuant to Health and Safely Code Section 34177(d)(1)(F),contracts necessary for the administration and operation of the Successor Agency
are enforceable obligations. Accordingly,amounts to be paid by the Successor Agency to third party vendors for equipment and supplies
necessary for the administration of the Successor Agency and auditors,legal counsel and other consultants for services to the Successor Agency
are listed as payments for enforceable obligations on the Recognized Obligation Payment Schedules. The Successor Agency anticipates to pay
such costs from property tax revenues deposited in the Redevelopment Property Tax Trust Fund.
PROPOSED
ADMINISTRATIVE FUNDING
DESCRIPTION BUDGET SOURCE
Legal counsel 60,000 Administrative Allowance
Trustee Fees 5,896 RPTTF-Non-Admin
Arbitrage Analysis - Administrative Allowance
Auditing Services - Administrative Allowance
TOTAL 65,896
CATEGORY III
Costs allocable to particular projects are considered part of the project costs. Listed below are administrative costs that are allocable to
projects and not included in the tables above. These items may include amounts to be reimbursed by the Successor Agency pursuant to the
Cooperative Agreement.
PROPOSED
ADMINISTRATIVE FUNDING
DESCRIPTION BUDGET SOURCE
Staff RPTTF
Legal counsel RPTTF
Contract Expenses RPTTF
TOTAL