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Document No. 97-13
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RESOLUTION NO. 97-13
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
MIDPENINSULA REGIONAL OPEN SPACE DISTRICT
ADOPTING BUDGET FOR FISCAL YEAR 1997-1998
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 1997-1998 is adopted as set forth in Exhibit A.
Section Two. The District's allocation of property taxes collected shall
correspond to the maximum tax rate of one percent of assessed valuation for all agencies
within each county.
Section Three. A total tax rate of ten cents ($0.10) per $100 assessed
valuation is adopted or such lesser amount as may be allowable by law.
Section Four. An adjustment to the New Land Purchases budget category
shall be made to reflect any difference between actual revenue and budgeted revenue.
Section Five. Monies'are hereby appropriated in accordance with said budget.
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EXHIBIT A
Midpeninsula Regional Open Space District
Budget for Fiscal Year 1997-1998
I. REVENUES
A. Tax Revenues $111160,000
B. Grant Income 886,000
C. Interest Income 845,000
D. Rental Income 593,000
E. Other Income 50,000
TOTAL INCOME $13,534,000
INCREASE IN RESERVES ($11,480,825)
EXPENDITURES
A. Debt Services
1. Interest $4,533,650
2. Principal 1,445,950
DEBT SERVICE SUBTOTAL $5,979,600
B. Salaries
1 General Manager Appointees $2,537,250
2. Salary Incentive Awards 50,000
3. General Manager 95,350
4. Legal Counsel 44,000
5. Controller 9,500
&n&fi 9
ts $627550
C. Directors' Fees $27,000
SALARIES AND BENEFITS SUBTOTAL $39390,650
EXHIBIT A PAGE 2
D. Sgndm & Supplies
1. Legal Services 14,000
2. Regular Outside Services 32,600
3. Land Option Fees 5,000
4. Contract Services 203,250
5. Library and Subscriptions 5,800
6. Film and Developing 19100
7. Rents and Leases 109000
8. Utilities 93,150
9. Postage 74,250
10 Printing and Duplicating 32,650
11. Insurance 192,500
12. Advertising 9,000
13. Maps and Aerials 1,950
14. Private Vehicle Expense 14,000
15. District Vehicle Expense 141,000
16. Business Meeting Expense 8,550
17. Personnel Development 66,125
18. Maintenance/Repair Equipment 20,600
19. Operating Expenses-Distel 12,300
20. Computer Expenses 9,150
21. Office Supplies/Small Equipment 10,850
22. Field Supplies/Small Equipment 42,000
23. Outside Maintenance Services 181,900
24. Property Taxes and Permits 4,000
25. Communications - Publications 133,550
26. Communications - Special Projects 20,800
27. Volunteer Program 11,800
28. Miscellaneous 400
SERVICES AND SUPPLIES SUBTOTAL $1,352,275
F. Fixed Assets
1. Previous Land Commitment 303,000
2. New Land Purchases 12,700,000
3. Appraiser 25,000
4. Site Acquisition Expense 1,000
5. Legal Fees 100,000
6. Site Engineering 10,000
7. Option Fees 15,000
8. Structures and Improvements 994,800
9. Field Equipment 76,500
10. Office Equipment 15,000
11. Vehicles 52,000
FIXED ASSETS SUBTOTAL $14)292,300
TOTAL OF ALL EXPENDITURES $25,014,825