HomeMy Public PortalAboutResolution - 22-15- 20220525 - FY22 Q3 Budget AdjustmenRESOLUTION NO. 22-15
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, January 12,
2022, and February 9, 2022 the Board 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 increase as follows:
DISTRICT REVENUE BY
FUNDING SOURCE
FY22
Adopted
Budget
VTD
Approved
Budget
Amendments
Amended
Budget
(as of
3/31/2022)
-
Quarter3
Proposed Budget
Amendments
FY22
Proposed
Amended
Budget
Fund 10 - General Fund Operating
S60.291.232
$865,000
$61,156,232
($52,000)
$61,104,232
Fund 20 - Hawthorn Fund
$5.000
SO
$5,000
$0
$5,000
Fund 30 - MAA Land/Capital
$3,297,932
($75,000)
$3,222,932
51.000,000
$4.222,932
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
$790,000
$69,963,164
$948,000
$70,911,164
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
3/31/2022)
Quarter 3
Proposed
Budget
Amendments
FY22 Proposed
Amended Budget
Fund 10 - General Fund Operating
$41.413,605
(5185.847)
$41.227.758
(51.949.381)
$39,278,377
Fund 20 - Hawthorn Fund
$124.500
$0
$124.500
($86.050)
$38,450
Fund 30 - MAA Land/Capital
$8.697,439
($18.466)
$8,678,973
(51.410.597)
$7.268,376
Fund 40 - General Fund Land/Capital
$23.360.120
$1.133.520
$24.493.640
(51.324.120)
523.169,520
Fund 50 - Debt Service
$16.044.888
$0
$16,044.888
$0
$16.044.888
Total
589,640,552
5929,207
590,569,759
($4,770,148)
585,799,611
Resoiutionsr2022f22-55FY22 Q3 Budget Adjustments
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SECTION THREE. The following transfers are approved and the General Manager or
designee is authorized to implement said transfers during the Fiscal Year Ending June 30, 2022:
$3,000,000 from the General Fund Unassigned Fund Balance to Committed for Infrastructure,
$1,500,000 from the General Fund Unassigned Fund Balance to Future Acquisitions & Capital
Projects and $1,000,000 from the General Fund Unassigned Fund Balance to Committed for
Capital Maintenance.
SECTION FOUR. Monies are hereby appropriated in accordance with said budget by
fund.
SECTION FIVE. Except as herein modified, the FY22 Budget and CIAP, 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 May 25, 2022. at a regular meeting thereof, by the following vote:
AYES: CYR, HASSETT, HOLMAN, KISHIMOTO, RIFFLE, SIEMENS
NOES: NONE
ABSTAIN: NONE
ABSENT: KERSTEEN-TUCKER
ATTEST:
gite, Almak„
APPROVED:
Karen Holman, Secretary woe Itersteen-Tucker, President
Board of Directors Board of Directors
APPROVED AS TO FORM:
Hilary Stevenson, General Counsel
1, 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.
dworth, District Clerk
Resoluton ar-I 2 -IS FY2Q3 Budget Adjustments
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