HomeMy Public PortalAboutResolution - 80-13- 19800227 - Approve Revised budget FRESOLUTION NO. 80-13
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
MIDPENINSULA REGIONAL OPEN SPACE DISTRICT
ADOPTING REVISED BUDGET FOR FISCAL YEAR 1979-1980
The Board of Directors of the Midpeninsula Regional Open
Space District does resolve as follows:
Section One. The revised budget for the Midpeninsula
Regional Open Space District for the fiscal year 1979-
1980 is adopted as set forth in Exhibit A.
Section Two. This resolution supersedes resolution
79-23 adopted June 13, 1979.
Section Three. Monies are hereby appropriated in
accordance with said budget.
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
RESOLUTION NO. 80-13
PASSED AND ADOPTED by the Board of Directors of the Midpeninsula
Regional Open Space District on February 27 . 19 80.
at a regular/special meeting thereof, by the following vote:
AYES: Katherine Duffy, Daniel Wendin, Barbara Green, Edward Shelley,
Nanette Hanko, Harry Turner and Richard Bishop.
NOES: None.
ABSTENTIONS:
ABSENT: None.
None.
ATTEST: APPROVED:
Secretary, Board of Directors.
P esident, Board of Directors
I, the District Clerk/Deputy 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 vote.
1-1646'.4
Distr t Clerk
rrebruary 27, 1980
EXHIBIT A
MIDPENINSULA REGIONAL OPEN SPACE DISTRICT
Revised Budget for Fiscal Year 1979-80
I. REVENUES
A. Current Year Property Tax $2,657,811
B. Prior Years Redemptions 62,000
C. Homeowner's Property Tax 108,262
Relief
D. Business Inventory Property 104,180
Tax Relief
E. Interest Income 600,000
F. Grants 1,206,500
G. Enterprise 36,185
H. Other 2,078
TOTAL REVENUES $4,777,016
II. RESERVES
A. General Fund Reserve
B. Special Fund -Restricted
TOTAL RESERVES
III. EXPENDITURES
A. Debt Service
1. Interest
2. Principal
SUBTOTAL
$ 691,806
• • (5;541,806)
$ (4,850,000)
$ 328,035
900,075
$ 1,228,110
k
B. Salaries. and Benefits
EC bit A - Page Two
1. Directors Fees $ 8,400
2. Board Appointees 42,350
3. General Manager 313,150
Appointees
4. Fringe Benefits 69,040
SUBTOTAL $ 432,940
C. Services & Supplies 1. Legal Fees $ 32,200
2. Acquisition Services 25,000
3. Professional Services 36,850
4. Other Outside Services 11,100
5. Library & Subscriptions 2,425
6. Dues & Memberships 250
7. Office Rent 24,800
8. Equipment Rental 600
9. Utilities 8,100
10. Telephone & Postage. 9,450
11. Printing & Duplicating 14,525
12. Insurance 13,450
13. Advertising 950
14. Maps/Mapping Services 1,675
& Supplies
15. Private Vehicle Expense 7,850
16. District Vehicle Expense 25,650
17. Conference Expense 5,625
18. Training & Seminars 5,750
19. Equipment Repair & 1,700
Maintenance
20. Office Supplies/Small 2,870
Equipment
21. Field Supplies/Small 5,700
Equipment
22. Site Operation, Maint. 30,700
& Repair
23. Enterprise Expense 11,000
24. Miscellaneous 650
SUBTOTAL $ 278,870
/11
E
-a
Exhibit A- Page Three
D. Fixed. Assets
1. Committed Land Purchases $ 5,510,115
2. New Land Purchases 987,154
3. Opportunity Purchases 1,000,000
4. Site Acquisition Expense 116,000
5. Site Preparation Expense 5,000
6. Structure & Improvements 10,500
7. Vehicles 20,000
8. Field Equipment 7,700
9. Office Equipment 4,750
SUBTOTAL
TOTAL OF ALL
EXPENDITURES
$ 7,687,096
$ 9.,627,016