HomeMy Public PortalAbout2014.017-LSA - (07-01-14)RESOLUTION NO. 2014.017
A RESOLUTION OF THE CITY COUNCIL AS SUCCESSOR AGENCY TO THE
LYNWOOD REDEVELOPMENT AGENCY ADOPTING THE FY 2014 -15
SUCCESSOR AGENCY BUDGET
WHEREAS, the City Council as Successor Agency to the Lynwood
Redevelopment Agency reviewed the City Manager's Fiscal Year 2014 -15 Proposed
Budget for the Successor Agency attached as Exhibit "E "; and
WHEREAS, the agenda for the June 24, 2014 meeting of the City Council as
Successor Agency to the Lynwood Redevelopment Agency was duly posted, and the
City Manager's Fiscal Year 2014 -15 Proposed Budget for the Successor Agency and all
related agenda material were made available to all interested parties.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD
DOES HEREBY RESOLVE, DECLARE, DETERMINE AND ORDER AS FOLLOWS:
Section 1. The Successor Agency budget for Fiscal Year 2014 -15 is hereby
adopted as presented in the City Manager's FY 2014 -15 Proposed Budget, except as to
any contributions, payments or transfer and expenditures to salaries, costs, and all
operations of the Finance Department, Recreation & Community Services Department,
Community Development Department and the City Manager's Department.
Section 2. The City Manager or her designee is hereby authorized to approve
any transfer between accounts, provided that they are within the same department and
the same fund.
Section 3. This Resolution shall go into effect immediately upon its adoption.
PASSED, APPROVED and ADOPTED this 1St day of July, 2014.
id4eC a s =tr o:
Mayor
ATTEST:
aria Quinonez, City Clerk
APPROVED AS TO FORM:
David A. Garcia, City Attorney
APPROVEZA$ TO CONTENT:
Sarah M. Withdrs, City Manager
Amanda Roberson,
Director of Finance
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood as Successor Agency to the
Lynwood Redevelopment Agency, do hereby certify that the foregoing Resolution was
passed and adopted by the City Council of the City of Lynwood at a regular meeting
held on the '1ST day of July, 2014.
AYES: COUNCIL MEMBERS ALATORRE, SANTILLAN -BEAS, SOLACHE AND
HERNANDEZ
NOES: NONE
ABSENT: COUNCIL MEMBER CASTRO
ABSTAIN: NONE
aria Quinonez, City Clerk
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood as Successor Agency to the
Lynwood Redevelopment Agency, do hereby certify that the above foregoing is a full,
true and correct copy of Resolution No. 2014.017 on file in my office and that said
Resolution was adopted on the date and by the vote therein stated. Dated this 1St day of
July, 2014.
Maria Quinonez, City Clerk
City of Lynwood
Exhibit E
FY 15 Proposed Successor Agency Budget
FY 14
Adopted
FY 14
Year -End
Estimates
FY 15
City Manager
Proposed
Budget
Revenues
Redevelopment Property Tax Trust
Fund RPTTF Revenues
$
4,112,933
$
4,391,460
$ 4198,920
Administrative Cost Allowance
250,000
250,000
250,000
Total:
$
4,362,933
$
4,641,460
$ 4,448,920
Expenditures
Administrative Allowance
$
250,000
$
243,700
$ 250,000
Project Staffng Costs
466,500
466,500
405,000
ROPS Administration
3,646,433
3,931,260
3,791,049
Total:
$
4,362,933
$
4,641,460
$ 4,446,049