RES-ORA-0487 Adoption of Redevelopment Agency Budget FY 2008-09RESOLUTION NO. ORA-
0487 A RESOLUTION OF THE
ORANGE REDEVELOPMENT AGENCY ADOPTING
SAID AGENCY'S BUDGET FOR THE FISCAL
YEAR 2008-09 AND RELATING TO
TRANSFERS OF FUNDS BETWEEN
AND WITHIN APPROPRIATIONS,
TRANSFERS BETWEEN FUNDS, AND
ADDITIONAL APPROPRIATIONS.BE IT RESOLVED by the Orange Redevelopment Agency of Orange,
California,
as follows:SECTION I. Adoption
of Bud2et The Orange Redevelopment Agency budget for the Fiscal Year 2008-
09, as amended by the City Council and on file in the office of the City Clerk, is hereby
adopted as the budget for the City of Orange for the Fiscal Year 2008-09. Appropriations
for the Agency's Operating Budget are set forth in the Schedule of Operating Expenditures
by Fund and the Schedule of Carryover Appropriations. Appropriations
for the Capital Improvement Program, Debt Service, and Pass Through Agreements are listed in
the Schedule of New Capital Improvement Projects, the Schedule of Debt Service Payments,
and the Schedule of Pass Through Agreements. Appropriations existing as of June 30, 2008
for CIP projects will be carried over to the 2008-09 fiscal year with the exception
of those projects which are completed, as determined by the City Manager, before the end
of the 2007-08 fiscal year.SECTION
II. Transfer of Funds Between Funds A. Transfer of Funds within an
operating appropriation - Department Heads may transfer funds between non-salary object
group classifications or programs within their operating departmental appropriation with the
approval of the Finance Director. The Executive Director's approval is required to transfer funds
to or from
salary accounts within a departmental appropriation.B. All other
transfers between appropriations, including departmental budgets,capital projects, debt service or pass throughs, must be
approved by the affirming vote of three
members of the Board of Directors.SECTION
III. Transfers of Funds Between Funds Transfer of funds between funds, as outlined in
the Schedule of Transfers in the Budget document, shall be made as expenditures
or revenues warrant such transfers. Other transfers may be made by the Board of Directors by
SECTION IV. Additional Appropriations
The Board of Directors, by the affirmative vote of three members, may amend the
budget to add or delete appropriations.
ADOPTED this 24th day of June, 2008.
ATTEST:
M~~~
I, MARY E. MURPHY, City Clerk of the City of Orange, California, do hereby
certify that the foregoing Resolution was duly and regularly adopted by the Orange
Redevelopment Agency at a regular meeting thereof held on the 24th day of June, 2008, by
the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
DIRECTORS: Smith, Murphy, Cavecche, Dumitru, Bilodeau
DIRECTORS: None
DIRECTORS: None
DIRECTORS: None
it< ~
Mary ~F'y, Clerk . -