HomeMy Public PortalAboutResolution - 80-26- 19800611 - Adopt Budget FY80RESOLUTION NO. 80-26
RESOLUTION OF THE BOARD OF DIRECTORS
OF THE MIDPENINSULA REGIONAL OPEN
SPACE DISTRICT ADOPTING PRELIMINARY
BUDGET FOR FISCAL YEAR 1980-1981
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 1980-81 is adopted as set forth
in Exhibit A.
Section Two. In addition to this District's allo-
cation of property taxes collected corresponding
to the maximum tax rate of four dollars ($4) per
$100 assessed valuation for all agencies within
each county, a property tax levy in the amount of
$1,292,5.29 shall be made sufficient to pay 1980-
1981 debt service, to retire indebtedness incurred
prior to June 6, 1978 pursuant to Public Resources
Code Section 5544.2.
Section Three: A total tax rate of ten cents (10 )
per $100 assessed valuation is adopted, or such
lesser amount as may be allowable by law.
Section Four. An adjustment to land acquisition
funds shall be made to reflect any difference
between actual revenue and budgeted revenue.
Section Five. Monies are hereby appropriated in
accordance with said budget.
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
RESOLUTION NO. 80-26
PASSED AND ADOPTED by the Board of Directors of the Midpeninsula
Regional Open Space District on June 11
, 19 80
at a regular/ZpEdWTCmeeting thereof, by the following vote:
AYES: Katherine Duffy, Daniel Wendin, Barbara Green, Edward -
Shelley, Nonette Hanko, Harry Turner, and Richard Bishop.
NOES: None.
ABSTENTIONS: None.
ABSENT: None.'
ATTEST: APPROVED:
Se'retary, Board of Directors President, Board of Directors
I, the District Clerk/aepanXMinKiXICXEIMXX 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.
Distr t Clerk
Adopted June 11, 1980 •
EXHIBIT A
MIDPENINSULA REGIONAL OPEN SPACE DISTRICT
Preliminary Budget for Fiscal Year 1980-81
REVENUES'
A. Basic Property Tax Allocation $ 3,018,600
B. Debt Service Property Tax 1,292,529
C. Prior Years Redemptions 68,000
D. Homeowner's Property Tax
Relief 119,100
E. Business Inventory Property
Tax Relief 114,600
F. Interest 250,000
G. Grants 805,000
H. Enterprise 31,500
I. Grant Anticipation Notes 1,000,000
J. Other 1,000
TOTAL REVENUES $.6,700,329
II. RESERVES
A. General Fund Reserve ($ 1,302,518)
B. Emergency Reserve 1,500,000
C. Special Fund -Restricted
Reserves ( 4,068,582)
TOTAL RESERVES ($ 3,871,100)
III. EXPENDITURES
A. Debt Service
1. Interest $ 311,932
2. Principal 987,597
SUBTOTAL $ 1,299,529
Page Two
B. Salaries and Benefits
1. Directors' Fees $ 8,400
2. Board Appointees 47,700
3. General Manager Appointees 400,900
4. Fringe Benefits 81,600
SUBTOTAL
$ 538,600
C. Services and Supplies
1. Legal Fees $ 35,200
2. Acquisition Services 25,000
3. Professional Services 50,900
4. Other Outside Services 10,400
5. Library and Subscriptions 2,300
6. Dues and Memberships 400
7. Election 15,100
8. Office Rent 38,200
9. Equipment Rental 1,000
10. Utilities ' 9,800
11. Telephone and Postage 11,000
12. Printing and Duplicating 22,100
13. Insurance 16,700
14. Advertising 2,500
15. Maps/Aerials Services and
Supplies 1,900
16. Private Vehicle Expense 9,300
17. District Vehicle Expense 32,400
18. Conference Expense 7,200
19. Training and Seminars 7,200
20. Equipment Repair and
Maintenance 5,000
21. Office Supplies/Small
Equipment 2,900
22. Field Supplies/Small
Equipment 6,800
23. Site Operation, Maintenance
and Repair 48,600-
24. Miscellaneous 400
SUBTOTAL $, 362,300
Page Three
D. Fixed Assets
1. Committed Land Purchases
2. New Land Purchases
3. Opportunity Purchases
4. Site Acquisition Expense
5. Site Preparation Expense
6. Structures and Improvements
7. • Field Equipment
8. Office Equipment
SUBTOTAL
$ 5,410,000
2,000,000
500,000
137,000
250,000
64,000
5,100
4,900
$ 8,371,000
TOTAL OF ALL EXPENDITURES $10,571,429