HomeMy WebLinkAboutRDA Res 07-02 2007-06-25
RESOLUTION NUMBER 07-02
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF SEAL BEACH, CALIFORNIA, ADOPTING THE FISCAL
YEAR 2007/08 AND 2008109 BUDGET, SETTING THE
APPROPRIATION LIMIT FOR FISCAL YEAR 2007/08 AND
APPROVING APPROPRIATIONS BY FUND.
THE REDEVELOPMENT AGENCY OF THE CITY OF SEAL BEACH DOES
HEREBY RESOLVE:
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SECTION 1. To adopt Fiscal Year 2007/08 and 2008/09 budget for the operation of and
capital improvements for the Seal Beach Redevelopment Agency for the fiscal years
commencing July 1, 2007 and ending June 30, 2009. Said budgets to control
expenditures in the following amounts which reflect interfund transfers and charges:
APPROPRIATIONS BY FUND
Fund
FY
2007/08
FY
2008/09
RDA-Riverfront Project Area Low & Mod Housing Fund
RDA Riverfront Project Area
RDA Riverfront Project Area Debt Service Fund
RDA Riverfront Project Area Tax Increment Fund
564,000
290,650
734,100
1,621,500
294,500
42,050
735,400
1,646,500
SECTION 2. That all encumbrances from FY 2006/07 are re-appropriated for continued
use in FY 2007/08.
SECTION 3. That the Executive Director is hereby authorized to make appropriation
transfers within and between functions and programs, in accordance with Fiscal Policy,
as long as such transfers do not increase the adopted annual budget appropriations.
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PASSED, APPROVED and ADOPTED by the Redevelopment Agency of the City of
Seal Beach at a regular meeting thereof held on the 25th day of June, 2007 by the
following vote:
AYES: Agencymember ~1i(J/)/~U2./)n, ~J .1ho.~ "YJ;xJ.n,
NOES: Agencymember ~~.1
ABSENT: Agencymember ~I
ABSTAIN: Agencymember ~
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Chairman
STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF SEAL BEACH
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ATTES~: ~
~ecretary
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 07-02 on file in the
office of the City Clerk, passed, approved, and adopted by the City Council of the City of
~:: at ~e:ting thereof held on the 25th day of June ,2006.
City Clerk/Secretary