RES-ORA-0464 Adoption of Redeveloment Agency Budget FY 2007-08RESOLUTION NO. ORA-
0464 A RESOLUTION OF THE
ORANGE REDEVELOPMENT AGENCY ADOPTING
SAID AGENCY'S BUDGET FOR THE FISCAL
YEAR 2007-08 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
Budl!et The Orange Redevelopment Agency budget for the Fiscal Year 2007-
08, 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 2007-08. 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, 2007
for CIP projects will be carried over to the 2007-08 fiscal year with the exception
of those projects which are completed, as determined by the City Manager, before the end
of the 2006-07 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 obj ect
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
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 12th day of June, 2007.
ATTEST:
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 12th day of June, 2007, by the
following vote:AYES:
NOES:
ABSENT:
ABSTAIN:
DIRECTORS:
Smith, Murphy, Cavecche, Dumitru, Bilodeau DIRECTORS:
None DIRECTORS:
None DIRECTORS:
None Mary
E.ler