HomeMy Public PortalAboutResolution - 04-10- 20040324 - Adopt FY05 Budget RESOLUTION NO. 04-10
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
MIDPENINSULA REGIONAL OPEN SPACE DISTRICT
ADOPTING BUDGET FOR FISCAL YEAR 2004-2005
The Board of Directors of the Midpeninsula Regional Open Space District does resolve
as follows:
Section One. The budget for the Midpeninsula Regional Open Space District for the
fiscal year 2004-2005 is adopted as set forth in Exhibit A.
Section Two. Upon approval of the Board of Directors, an adjustment to the New Land
Purchases budget category shall be made to reflect any difference between actual revenue and
budgeted revenue as appropriate to fund District operations.
Section Three. Amend the Position Classification and Compensation Plan as set forth in
Exhibit B.
Section Four. Monies are hereby appropriated in accordance with said budget.
RESOLUTION NO. 04-10
PASSED AND ADOPTED by the Board of Directors of the Midpeninsula Regional Open Space
District on March 24, 2004, at a Regular Meeting thereof, by the following vote:
AYES: M. Davey, J. Cyn, L. Habzett, P. Siemevz, N. Hanko, K. Nitz, D. L.c ttee
NOES: None
ABSTAIN: None
ABSENT: None
ATTEST: APPROVED:
ry President
Board of Directors Board of Directors
I, the District Clerk of the Midpeninsula Regional Open Space District, hereby certify that
the above is a true and correct copy of a resolution duly adopted by the Board of Directors of
the Midpeninsula Regional Open Space District by the above vote at a meeting thereof duly
held and called on the above day.
Dis Jerk CIX
EXHIBIT A
Midpeninsula Regional Open Space District
Budget for Fiscal Year 2004-2005
1. Revenues
A. Tax Revenues $19,258,000
B. Grant Income 4,037,000
C. Interest Income 765,000
D. Property Management-Rents 783,000
E. Other Income 200,000
TOTAL REVENUES $25,043,000
11. Increase in Reserves ($8,988,606)
111. Expenditures
A. Debt Service
1. Interest $4,395,677
2. Principal 2,495,249
Debt Service Subtotal $6,890,926
B. Salaries
1. General Manager Appointees $4,930,224
2. General Manager 144,100
3. Legal Counsel (80%time) 106,940
4. Controller 16,500
Salaries Subtotal $5,197,764
C. Benefits $1,395,358
D. Director's Fees $23,000
Salaries and Benefits Subtotal $6,616,122
E. Services and Supplies
1. Legal Services $118,000
2. Regular Outside Services 116,703
3. Contract Services 888,645
4. Election Expense 50,000
5. Library and Subscriptions 9,915
6. Management Agreements 50,000
7. Rents and Leases 92,826
8. Utilities 127,860
9. Postage 82,432
10. Printing and Duplicating 32,250
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E. Services and Supplies(cont'd.)
11. Insurance 88,558
12. Advertising 8,550
13. Maps and Aerials 14,800
14. Private Vehicle Expense 13,000
15. District Vehicle Expense 1.75,692
16. Business Meeting Expense 16,550
17. Personnel Development 104,335
f Equipment 22 18. Maintenance/Re ait o 900
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19. Computer Expenses 37,520
20. Office Supplies/Small Equipment 25,250
21. Field Supplies/Small Equipment 124,743
22. Outside Maintenance Services 315,250
23. Permits, Fees,Taxes 21,150
24. Miscellaneous 600
25. Communications—Publications 129,050
26. Communications—Special Projects 17,050
27. Volunteer Program 34,515
Services and Supplies Subtotal $2,718,144
F. Fixed Assets
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1. New Land Purchases $15,000,000
2. Land Acquisition Support Costs— 209,000
Appraisals,Title, Legal,
Engineering
3. Structures and Improvements 2,394,414
4. Field/Office Equipment 39,000
5. Vehicles 164,000
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Fixed Assets Subtotal $17,806,414
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TOTAL OF ALL EXPENDITURES $34.031,606
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Exhibit A
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