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RES-ORA-0518 Continuing Said Agency's Budget 2009-10RESOLUTION NO.ORA- 0518 A RESOLUTION OF THE ORANGE REDEVELOPMENT AGENCY CONTINUING SAID AGENCY'S BUDGET FOR THE FISCAL YEAR 2009-2010 INTO FISCAL YEAR 2010-2011 AND ADOPTING THE CAPITAL IMPROVEMENT AND DEBT SERVICE BUDGET FOR THE FISCAL YEAR 2010-2011.WHEREAS, the Orange Redevelopment Agency is in the process of developing an annual operating budget for fiscal year 2010-2011; and WHEREAS, the Orange Redevelopment Agency is required to make routine payments for goods and services in order to continue their day-to-day operations;BE IT RESOLVED by the Orange Redevelopment Agency of Orange, California, as follows:SECTION I. Continuation of Operating Budget The Orange Redevelopment operating budget for the Fiscal Year 2009-10, on file in the office of the City Clerk, is hereby adopted as the operating budget for the Orange Redevelopment Agency for Fiscal Year 2010-11. Appropriations for the Orange Redevelopment Agency Operating Budget are set forth in the Schedule of Operating Expenditures by Fund by Department. This is merely a temporary spending plan that will enable the Agency to pay for essential expenditures. It will be replaced as soon as possible with the adoption of an operating budget that will reflect anticipated revenues and expenditures for Fiscal Year 2010-11. SECTION II. Adoption of Capital Improvement and Debt Service Budget The Orange Redevelopment Debt Service and Capital Improvement budgets for Fiscal Year 2010-2011, on file in the office of the City Clerk, is hereby adopted for the Orange Redevelopment Agency for the Fiscal Year 2010-2011. 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.SECTION III. Transfer of Funds Within and Between Appropriations 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 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 IV. Budget Revisions The Board of Directors, by the affirmative vote of three members, may amend the budget to add, delete, or revise appropriations. ADOPTED this 8t'' day of June, 2010. ti/1...1, V/C~veccd4e. Chairman ATTEST: Mary E. ,Agency C I hereby certify that the foregoing Resolution was duly and regularly adopted by the Orange Redevelopment Agency at a regular meeting thereof held on the 8th day of June, 2010, by the following vote: AYES:DIRECTORS:Smith, Murphy, Cavecche, Dumitru, Bilodeau NOES:DIRECTORS:None ABSENT:DIRECTORS:None ABSTAIN:DIRECTORS:None Mary E. Mur,~hy, Agency Clerk