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RES-SAORA-026 Proposed Administrative Budget ApprovalRESOLUTION NO. SAORA -026 A RESOLUTION OF THE GOVERNING BOARD OF THE SUCCESSOR AGENCY TO THE ORANGE REDEVELOPMENT AGENCY APPROVING PROPOSED ADMINISTRATIVE BUDGETS FOR THE SIX -MONTH FISCAL PERIODS FROM JULY 1, 2017 THROUGH DECEMBER 31, 2017 AND FROM JANUARY 1, 2018 THROUGH JUNE 30, 2018, AND TAKING CERTAIN RELATED ACTIONS. WHEREAS, pursuant to Health and Safety Code Section 34177(j), the Successor Agency to the Orange 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; and WHEREAS, each proposed administrative budget shall include all of the following: 1) estimated amounts for Successor Agency administrative costs for the upcoming six -month fiscal period; (2) proposed sources of payment for the costs identified in (1), and (3) proposals for arrangements for administrative and operations services provided by the City of Orange or another entity; and WHEREAS, pursuant to Health and Safety Code Section 34177(k), the Successor Agency is required to 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; and WHEREAS, there has been presented to this Board for approval Successor Agency's proposed administrative budgets for the six -month fiscal periods from July 1, 2017 through December 31, 2017 (Administrative Budget 17 -18A) and from January 1, 2018 through June 30, 2018 (Administrative Budget 17 - 18B, together with Administrative Budget 17 - 18A, the Administrative Budgets). NOW THEREFORE, the Governing Board of the Successor Agency to the Orange Redevelopment Agency does hereby find, determine, resolve, and order as follows: Section 1. The above recitals are true and correct and are a substantive part of this Resolution. Section 2. Administrative Budget 17 -18A and 17 -18B, substantially in the form attached hereto as Exhibit A, is hereby approved. Section 3. The Executive Director of the Successor Agency, in consultation with the Successor Agency's legal counsel, may modify the Administrative Budgets as the Executive Director or the Successor Agency's legal counsel deems necessary or advisable. Section 4.Staff is hereby authorized and directed to submit the proposed Administrative Budgets to the Oversight Board for approval. Section 5.The officers and other staff members 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 and any such actions previously taken are hereby ratified and confirmed. PASSED AND ADOPTED this 10th day of January 2017. 1))(014-4Teresamith Chairperson of the Successor Agency ATTEST: Mary E. A Clerk of the Successor Agency Resolution No. SAORA -026 2 STATE OF CALIFORNIA COUNTY OF ORANGE CITY OF ORANGE I hereby certify that the foregoing Resolution was duly and regularly adopted by Governing Board of the Successor Agency to the Orange Redevelopment Agency at a regular meeting thereof held on the 10th day of January 2017, by the following vote: AYES:BOARD MEMBERS: Alvarez, Whitaker, Smith, Murphy, Nichols NOES:BOARD MEMBERS: None ABSENT: BOARD MEMBERS: None ABSTAIN: BOARD MEMBERS: None s Mary E. M Clerk of. e Successor Agency Resolution No. SAORA -026 3 EXHIBIT A SUCCESSOR AGENCY TO THE ORANGE REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET 17 -18A and 17 -18B Resolution No. SAORA -026 4 SUCCESSOR AGENCY ADMINISTRATIVE BUDGET FY 17 -18 ROPS 17 -18 ADMINISTRATIVE BUDGET FUNDED BY REDEVELOPMENT PROPERTY TAX TRUST FUND ( RPTTF) Name of Vendor /Type of Expense Annual ROPS 17 -18A ROPS 17 -18B Funding Source Description of Service Postage (940)300 150 150 RPTTF based on FY 2016 -17 budget General SA Legal (940)20,000 10,000 10,000 RPTTF based on FY 2016 -17 budget Training /seminars (940)500 250 250 RPTTF based on FY 2016 -17 budget Office supplies (940)1,250 625 625 RPTTF based on FY 2016 -17 budget G & A overhead allocation (940)89,126 44,563 44,563 RPTTF based on FY 2016 -17 budget Subtotal Non - payroll Admin 111,176 55,588 55,588 RPTTF payroll costs for SA staff involved in SA payroll costs (940)138,824 69,412 69,412 wind -down activities TOTAL FUNDED BY RPTTF:250,000 125,000 125,000 Total Admin Budget for ROPS 250,000 125,000 125,000 Copy of Administrative Riidget ROPS 17- 18,1/18/2017