HomeMy Public PortalAboutResolution - 89-23- 19890328 - Adopt Budget FY89-90oNift• e°11,
RESOLUTION NO. 89-23
Resolution of the Board of Directors of the
Midpeninsula Regional Open Space District
Adopting Budget for Fiscal Year 1989-1990
The Board of Directors of the Midpeninsula Regional Open Space
District does resolve as follows:
Section One. The budget for the Midpeninsula
Regional Open Space District for the fiscal
year 1989-1990 is adopted as set forth in
Exhibit A.
Section Two. The District's allocation of
property taxes collected shall correspond to
the maximum tax rate of one percent of
assessed valuation for all agencies within
each county.
Section Three. A total tax rate of ten cents
(104) per $100 assessed valuation is adopted
or such lesser amount as may be allowable by
law.
Section Four. An adjustment to the New Land
Purchases budget category 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. 89-23
PASSED AND ADOPTED by the Board of Directors of the Midpeninsula
Regional Open Space District on March 28 ,19 Hat a
regular meeting thereof, by the following vote:
AYES: Katherine Duffy, Edward Shelley, Ernestine Henshaw,
Robert McKibbin, Nonette Hanko, Gerry Andeen and Richard Bishop.
NOES: None
ABSTAIN: None
ABSENT: None
ATTEST:
t444/4A;()
Secretary, Board of Directors
APPROVED:
Preside/ht, 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.
i rict Clerk
EXHIBIT A
MIDPENINSULA REGIONAL OPEN SPACE DISTRICT
Budget for Fiscal Year 1989-1990
I. REVENUES
A. Basic Property Tax Allocation $ 6,835,000
B. Debt Service Property Tax 5,000
C. Prior Years Redemptions 375,000
D. State Subventions 450,000
E. Interest 765,000
E. Grants 4,047,000
F. Enterprise Activities 269,000
G. Other 254,000
TOTAL REVENUES $ 13,000,000
NET PROCEEDS FROM NOTES PAYABLE $ 500,000
REVENUE PLUS NOTE PROCEEDS $ 13,500,000
II. RESERVES ($7,018,109)
III. EXPENDITURES
A. Debt Service
1. Principal $ 7,676,878
2. Interest 2,675,806
DEBT SERVICE SUBTOTAL $10,352,684
B. Salaries
1. General Manager Appointees $ 1,327,500
2. Salary Incentive Awards 11,000
3. General Manager 82,730
4. Legal Counsel 57,100
5. Controller 7,420
Benefits
1. General Manager Appointees $ 336,600
2. General Manager 21,350
3. Legal Counsel 2,900
4. Controller 0
C. Directors' Fees 21,000
SALARIES AND BENEFITS SUBTOTAL $ 1,867,600
D. Services & Sup lies
1. Legal Serv. 3S
2. Regular Outside Services
3. Land Option Fees
4. Contract Services
5. Election/Annexation
6. Library and Subscriptions
7. Rents and Leases
8. Utilities
9. Postage
10. Printing and Duplicating
11. Insurance
12. Advertising
13. Maps and Aerials
14. Private Vehicles Expense
15. District Vehicle Expense
16. Business Meeting Expense
17. Personnel Development
18. Equipment Maintenance and Repair
19. Computer Expenses
20. Office Supplies/Small Equipment
21 Field Supplies/Small Equipment
22. Outside Maintenance Services
23. Property Taxes
24. Communications Publications
25. Communications Special Projects
26. Miscellaneous
SERVICES AND SUPPLIES SUBTOTAL
E. Fixed Assets
1. New Land Purchases
3. Site AcquisitionExpense
4. Site Preparation Expense
5. Leasehold Improvements
6. Structures and Improvements
7. Field Equipment
8. Office Equipment
9. Vehicles
FIXED ASSETS SUBTOTAL
(A-,
$
$ 12,500
42,700
5,000
157,750
2,000
3,200
121,850
38,575
11,600
40,800
76,850
5,000
1,800
10,800
82,500
7,000
41,200
14,050
2,500
8,900
21,500
180,850
7,000
128,100
13,000
300
1,037,325
6,000,000
118,000
32,000
26,100
977,150
25,750
43,500
38,000
$ 7,260,500
TOTAL OF ALL EXPENDITURES $ 20,518,109