RES-ORA-0453 Adopting Redevelopment Agency Budget FY 2006-07RESOLUTION NO. ORA-
0453 A RESOLUTION OF THE
ORANGE REDEVELOPMENT AGENCY ADOPTING
SAID AGENCY'S BUDGET FOR THE FISCAL YEAR
2006-07 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 ofBudl!
et The Orange Redevelopment Agency budget for the Fiscal Year 2006-07,
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 2006-07. 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, 2006 for
CIP projects will be carried over to the 2006-07 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 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 proj ects, 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 13th day of June, 2006.
ATTEST:
t([~ CLeo ~
Mary E. , Clerk
I, MARY E. MURPHY, Clerk of the Orange Redevelopment Agency, Orange,
California, hereby certify that the foregoing Resolution was duly and regularly adopted by the
Orange Redevelopment Agency at a regular meeting thereof held on the 13th day of June,
2006, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
DIRECTORS: Smith, Murphy, Cavecche, Dumitru
DIRECTORS: None
DIRECTORS: None
DIRECTORS: None
M~~
2