HomeMy Public PortalAboutResolution - 21-38- 20211110 - FY22 Q1 Budget AdjustmenRESOLUTION NO. 21-38
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
MIDPENINSULA REGIONAL OPEN SPACE DISTRICT AMENDING
THE BUDGET FOR FISCAL YEAR 2021-2022
WHEREAS, on June 9, 2021 the Board of Directors (Board) of the Midpeninsula
Regional Open Space District (District) adopted the Fiscal Year ending June 30, 2022 (FY22)
Budget and Action Plan; and
WHEREAS, on August 11, 2021 and August 25, 2021 the Board of Directors of the
Midpeninsula Regional Open Space District amended the FY22 Budget; and
WHEREAS, the General Manager recommends amending the FY22 Budget to reflect
changes resulting in a net budget increase.
NOW, THEREFORE, the Board of Directors of the Midpeninsula Regional Open Space
District does resolve as follows:
SECTION ONE. Approve the recommended revenue amendments to the District's
FY22 Budget resulting in a net increase as follows:
DISTRICT REVENUE BY
FUNDING SOURCE
FY22
Adopted
Budget
YTD
Approved
Budget
Amendments
Amended
Budget
(as of
9/30/2021)
Quarter 1
Proposed
Budget
Amendments
FY22
Proposed
Amended
Budget
Fund 10 - General Fund Operating
$60,291,232
$0
$60,291,232
$1,420,000
$61,711,232
Fund 20 - Hawthorn Fund
$5,000
$0
$5,000
$0
$5,000
Fund 30 - MAA Land/Capital
$3,297,932
($75,000)
$3,222,932
$0
$3,222,932
Fund 40 - General Fund Land/Capital
$0
$0
$0
$0
$0
Fund 50 - Debt Service
$5,579,000
$0
$5,579,000
$0
$5,579,000
Total
$69,173,164
($75,000)
$69,098,164
$1,420,000
$70,518,164
SECTION TWO. Approve the recommended budget amendments to the District FY22
Budget resulting in a net increase as follows:
DISTRICT BUDGET BY
FUNDING SOURCE
FY22
Adopted
Budget
YTD
Approved
Budget
Amendments
Amended
Budget
(as of
9/30/2021)
Quarter 1
Proposed
Budget
Amendments
FY22 Proposed
Amended
Budget
Fund 10 - General Fund Operating
$41,413,605
($190,000)
$41,223,605
($55,550)
$41,168,055
Fund 20 - Hawthorn Fund
$124,500
$0
$124,500
$0
$124,500
Fund 30 - MAA Land/Capital
$8,697,439
($160,975)
$8,536,464
$200,225
$8,736,689
Fund 40 - General Fund Land/Capital
$23,360,120
($504,500)
$22,855,620
$2,108,020
$24,963,640
Fund 50 -Debt Service
$16,044,888
$0
$16,044,888
$0
$16,044,888
_ Total
$89,640,552
($855,475)
$88,785,077
$2,252,695
$91,037,772
Resolutions/2021/21-38 FY22 QI Budget Adjustments
SECTION THREE. Monies are hereby appropriated in accordance with said budget by
fund.
SECTION FOUR. Except as herein modified, the FY22 Budget and CLAP, Resolution
No. 21-18 as amended, shall remain in full force and effect.
* * * * * * * * * * * * * * * * * * * *
PASSED AND ADOPTED by the Board of Directors of the Midpeninsula Regional
Open Space District on November 10, 2021, at a regular meeting thereof, by the following vote:
AYES: CYR, HASSETT, HOLMAN, KERSTEEN-TUCKER, KISHIMOTO, RIFFLE,
SIEMENS
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
ATTEST:
Board of Directors
any Iia';sett, Secretary Curt Riffle, President
Board of Directors
APPROVED AS TO FORM:
Hilary Stevenson, General Counsel
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.
g oodorth, istrict Clerk
Resoludons/2021/2138_FY22 Q1 Budget Adjustments
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