HomeMy Public PortalAboutResolution - 77-28- 19770713 - Adopt Prelim Budget FY77RESOLUTION NO. 77-28
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
MIDPENINSULA REGIONAL OPEN SPACE DISTRICT
ADOPTING PRELIMINARY BUDGET FOR FISCAL YEAR
1977-1978
The Board of Directors of the Midpeninsula Regional Open Space
District does resolve as follows:
Section One. The preliminary budget for the Midpeninsula
Regional Open Space District for the fiscal year 1977-
1978 is adopted as set forth in Exhibit A.
Section Two. A tax rate of ten cents (10 ) per $100
assessed valuation is adopted.
Section. Three. An adjustment to Fiscal Year 1978-1979
Land Acquisition Reserves should be made to reflect any
difference between actual revenue and budgeted revenue.
Section Four. Monies are -hereby appropriated in accord-
ance with said budget.
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
RESOLUTION NO. 77-28
PASSED AND ADOPTED by the Board of Directors of the Midpeninsula
Regional Open Space District on
July 13 , 19 77 at a
regular meeting thereof, by the following vote:
AYES: R. Duffy, B. Green, N. Hanko, E. Shelley, R. Bishop,
D. Wendin and H. Turner
NOES: None
ABSTAIN: None
ABSENT: None
ATTEST: APPROVED:
Secretary, Board of Directors President, 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 date.
District Clerk
July 8, 1977
MIDPENINSULA REGIONAL OPEN SPACE DISTRICT
Preliminary Budget for Fiscal Year 1977-78
I. REVENUES
A.
B.
C.
D.
E.
F.
G.
H.
I.
Current Year Property Taxes
Prior Years Redemptions
Homeowner's Property Tax Relief
Business Inventory Property Tax
Relief
Federal Grant
State Grant
Interest
Rent
Proceeds from Sale of Notes
TOTAL REVENUES
II. RESERVES
A.
B.
C.
D.
E.
FY 1978-79 Land Acquisition
FY 1978-79 Operating Expenses
Note Sale Proceeds
Note Retirement Fund
Opportunities & Emergencies
TOTAL RESERVES
III. EXPENDITURES
A. Debt Service
1. Negotiable Promissory Notes -
Interest
2. Negotiable Promissory Notes
Principal
3. Installment Purchase Contracts -
Interest
4. Installment Purchase Contracts -
Principal
Subtotal
B. Salaries & Benefits
1. Directors Fees
2. Board Appointees
3. General Manager Appointees
4. Fringe Benefits
$'3,200,300
45,000
180,300
115,800
207,700
13,800
180,000
10,500
6,600,000
$10,553,400
$ <227,100
29,900
799,300
582,100
300,000
$ 1,484,200
122,100
-0-
118,300
•1,198,000
$1,438,400
$ 12,600
44,800
25,6,600
-68,100
Subtotal $ 382,100
Page two
C. Services & Supplies
1. Legal Fees $ 36,900
2. Acquisition Services 33,000
3. Professional Services 19,500
4. Other Outside Services 6,800
5. Site Preparation 19,700
6. Site Operations and Maintenance 3,900
7. Utilities 3,000
8. Field Supplies & Small Equipment 3,000
9. Equipment Rental 5,100
10. Training & Seminars 2,900
11. Maps & Mapping Supplies 2,600
12. District Vehicle Expense 15,000
13. Private Vehicle Expenses 8,700
14. Office Rent 12,000
15. Printing & Duplicating 19,100
16. Telephone & Postage 10,300
17. Office Supplies & Small Equipment 5,600
18. Books & Subscriptions 3,200
19. Dues & Memberships 400
20. Conference Expense 7,400
21. Insurance 6,000
22. Advertising 5,000
23. Miscellaneous 2,400
Subtotal
D. Fixed Assets
1. Previous Land Commitments
2. New Land Commitments
3. Site Acquisition Expense
4. Structures & Improvements
5. Vehicles
6. Field Equipment
7. Office Equipment
Subtotal
TOTAL EXPENDITURES EXCLUDING LAND AND DEBT
SERVICE
$ 231,500
$2,735,300
4,000,000
142,000
69,200
12,000
54,200
4,500
$7,017,200
• $ 895,500
TOTAL EXPENDITURES $9,069.200