HomeMy Public PortalAboutResolution - 22-05- 20220209 - FY22 Q2 Budget AdjustmenRESOLUTION NO. 22-05
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, August 25, 2021, November 10, 2021, and January 12,
2022 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 decrease.
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 decrease as follows:
DISTRICT REVENUE BY
FUNDING SOURCE
FY22
Adopted
Budget
YTD
Approved
Budget
Amendments
Amended
Budget
(as of
12/31/2021)
Quarter 2
Proposed Budget
Amendments
FY22
Proposed
Amended
Budget
Fund 10 - General Fund Operating
560,291,232
$1,420,000
561,71 1,232
($555,000)
$61,156,232
Fund 20 - Hawthorn Fund
$5,000
$0
$5,000
$0
$5,000
Fund 30 - MAA Land/Capital
$3,297,932
(575,000)
$3,222,932
$0
53,222,932
Fund 40 - General Fund Land/Capital
$0
$0
$0
$0
50
Fund 50 - Debt Service
$5,579,000
$0
55.579,000
50
$5,57),000
Total
$69,173,164
51,345,000
570,518,164
($555,000)
569,963,164
SECTION TWO. Approve the recommended budget amendments to the District FY22
Budget resulting in a net decrease as follows:
DISTRICT BUDGET BY
FUNDING SOURCE
FY22
Adopted
Budget
YTD
Approved
Budget
Amendments
Amended
Budget
(as of
12/31/2021)
Quarter 2
Proposed
Budget
Amendments
FY22 Proposed
Amended Budget
Fund 10 - General Fund Operating
541,413,605
(5245,550)
$41,168,055
559,703
$41,227,758
Fund 20 - Hawthorn Fund
$124,500
$0
$124,500
50
5124,500
Fund 30 - MAA Land/Capital
$8,697,439
$278,000
58,975,439
($296,466)
$8,678,973
Fund 40 - General Fund Land/Capital
$23,360,120
$1,603,520
524,963,640
(5470,000)
524,493,640
Fund 50 - Debt Service
$16,044,888
$0
516,044,888
$0
516,044,888
Total
589,640,552
51,635,970
591,276,522
(5706,763)
1
590,569,7591
Resolutions,2422,22-05_FY2_2 Q2 Budget Adjustments
1
SECTION THREE. Monies are hereby appropriated in accordance with said budget by
fund.
SECTION FOUR. Except as herein modified, the FY22 Budget and CIAP, Resolution
No. 21-18 as amended, shall remain in full force and effect.
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PASSED AND ADOPTED by the Board of Directors of the Midpeninsula Regional
Open Space District on February 9, 2022, 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: APPROVED:
Karen Holman, Secretary
Board of Directors Board of Directors
Zoe Kersteen-Tucker, President
APPROVED AS TO FORM:
Hilary Steven , 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.
ennifer ' ►,odworth, District Clerk
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