HomeMy Public PortalAboutResolution - 78-23- 19780906 - Adopt Preliminary BudgetRESOLUTION NO.
78-23
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
MIDPENINSULA REGIONAL OPEN SPACE DISTRICT
ADOPTING PRELIMINARY BUDGET FOR FISCAL - YEAR
1973-1979
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 1978-1979
is adopted as set forth in Exhibit A.
Section Two. A tax rate of ten cents (10 ) per $100
assessed valuation is adopted, or such lesser amount
as may be allowable by law.
Section Three. An adjustment to land acquisition funds
should be made to reflect any difference between actual
revenue and budgeted revenue.
Section Four. Monies are hereby appropriated in accordance
with said budget.
* * * * * * * * * * * *
RESOLUTION NO. 78-23
PASSED AND ADOPTED by the Board
Regional Open Space District on
special
0513Alm meeting thereof, by the
AYES: H. Turner, D. Wendin, B.
E. Shelley
NOES: N. Hanko
ABSTAIN:
ABSENT:
of Directors of the Midpeninsula
September 6
following vote:
, 1978 ata
Green, K. Duffy, R. Bishop and
APPROVED:
Secretary, Board of t'rectors . Presi 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
September 6, 1978
EXHIBIT A
MIDPENINSULA REGIONAL OPEN SPACE DISTRICT
Preliminary Budget for Fiscal Year 1978-79
I. REVENUES
A. Current Year
Property Tax $ 1,093,326
B. Prior Years
Redemptions
C. Homeowner's
Property Tax
Relief
D. Business Inven-
tory Property
Tax Relief
E. State Surplus
Allocation
F. Interest Income
G. Rent
H. Other
TOTAL REVENUES
II. RESERVES
A. General Fund
Reserve
B. Special Fund -
Restricted
Reserves
TOTAL RESERVES
III. EXPENDITURES
15,652
75,632
55,052
587,620
370,000
19,000
8,300
$ 2,224,582
$ ( 70,406)
(6,965, 000) •
$ (7,035,406)
A. Debt Service
1. Interest $ 411,150
2. Principal 1,071,348
SUBTOTAL $ 1,482,498
Page two
B. Salaries and
Benefits
1. Directors Fees
2. Board Appointees
3. General Manager
Appointees
4. Fringe Benefits
SUBTOTAL
C. Services& Supplie§
1. Legal Fees
2. Acquisition
Services
3. Professional
Services
4. Other Outside
Services
5. Election Expense
6. Library and
Subscriptions
7. Dues and
Memberships
8. Office Rent
9. Equipment Rental
10. Utilities
11. Telephone and
Postage
12. Printing and
Duplicating
13. Insurance
14. Advertising
15. Maps/Mapping
Services and
Supplies
16. Private Vehicle
Expense
17. District Vehicle
Expense
18. Conference Exp.
19. Training and
Seminars
$ 6,300
40,570
249,690
58.,345
$ 354,905
30,000
60,000
15,950 .
• 5,500
13,500
3,225
150
24,840
• 1,000
7,000
9,800
10,900
11,900
1,450
1,100
7,400
14,650
4,825
3,200
Page three
20. Equipment Repair
& Maintenance 2,550
21. Office Supplies/
Small Equipment 3,400
22. Field Supplies/
Small Equipment 6,600
23. Site Operation,
Maint. & Repair 12,445
.24. Miscellaneous 1,100
SUBTOTAL $ 252,485
D. Fixed Assets
1. Committed Land
Purchases $5,187,500
2. New Land Pur-
chases 867,500
3.. Opportunity
Purchases 1,000,000
4. Site Acquisition
Expense 91,000
5. Site Preparation
Expense 5,000
6. Structures and
Improvements 5,300
7. Vehicles 1,900
8. Field Equipment 4,900 •
9. Office Equipment 7,000
SUBTOTAL
TOTAL OF ALL
EXPENDITURES
$ 7,170,100
•$ 9,259,988