HomeMy Public PortalAboutResolution - 18-05- 20180214 - FY18 Q2 Budget AdjustmenRESOLUTION NO. 18-05
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
MIDPENINSULA REGIONAL OPEN SPACE DISTRICT AMENDING
THE BUDGET FOR FISCAL YEAR 2017-18
WHEREAS, on June 14, 2017 the Board of Directors of the Midpeninsula Regional
Open Space District adopted the Fiscal Year (FY) 2017-18 Budget and Action Plan; and
WHEREAS, on November 8, 2017 the Board of Directors of the Midpeninsula Regional
Open Space District amended the FY2017-18 Budget; and
WHEREAS, the General Manager recommends amending the FY 2017-18 Budget to
reflect requests for budget increases for services and supplies, and land purchases, which have
been funded partially by savings, resulting in a net decrease of $933,000;
NOW, THEREFORE, the Board of Directors of the Midpeninsula Regional Open Space
District does resolve as follows:
SECTION ONE. Approve the proposed revenue amendments to increase the FY 2017-
18 Budget for the Midpeninsula Regional Open Space District by $70,285 as follows:
DISTRICT Fund 30 Fund 40 .... • >.
REVENUE BY Fund 10 Measure General Fund SO R�venue ··.··.
FUNDING General Fund 20 AA Fund Debt Adopted Amended
.
Proji;c�io� ·. >
SOURCE Fund Hawthorn Capital Capital Service Total Adjustments Total·· <
Revenue
Property Tax $45,365,502 $1,960,000 $47,325,502 ($106,715) $47,218,787
Grants $581,060 $236,000 $817,060 $817,060
Interest
Income $621,000 $15,000 $472,000 $1,108,000 $177,000 $1285,000
Rental
Income $1,197,092 $1,197,092 $1,197,092
Rancho San
Antonio
Agreement $364,501 $364,501 $364,501
Miscellaneous $100,000 $100,000 $100,000
Transfer from
General Fund
Committed
Infrastructure
Reserve $3,151,731 $3,151,731 $3,151,731
Total .. · ·.
Revenues $50,799,826 $15,000 $581,060 $236,000 $2,432,000 $54,063,886 .. $70,285 $54,134,171
SECTION TWO. Approve the recommended budget amendments to the FY 2017-18
Budget for the Midpeninsula Regional Open Space District by $933,000 as follows:
Resolutions/2018/18-05 _FYI 7-18Q2 Budget Adjustments 1
/
Quarter 2
FY2017-18 YTD Approved Amended Proposed FY2017-18
Adopted Budget Budget (as of Budget Proposed
DISTRICT BUDGET BY FUNDING SOURCE Budget Amendments 12/31/2017) Amendments Amended Budget
General Fund Operating (Fund 10) $30,344,413 $267,000 $30,611,413 $0 $30,611,413
Hawthorns (Fund 20) $166,500 $0 $166,500 $0 $166,500
Measure AA Land/Capital (Fund 30) $12,637,845 ($28,800) $12,609,045 ($289,000) $12,320,045
General fund Land/Capital (Fund 40) $6,533,040 $3,101,731 $9,634,771 ($644,000) $8,990,771
Debt Service Fund (Fund 50) $11,721,637 $0 $11,721,637 $0 $11,721,637
TOTAL DISTRICT BUDGET $61,403,435 $3,339,931 $64,743,366 ($933,000) $63,810,366
SECTION THREE. Monies are hereby appropriated in accordance with said budget by
fund.
SECTION FOUR. Except as herein modified, the FY 2017-18 Budget and Action Plan,
Resolution No. 17-89 as amended, shall remain in full force and effect.
* * * * * * * * * * * * * * * * * * * *
PASS ED AND ADOPTED by the Board of Directors of the Midpeninsula Regional
Open Space District on February 14, 2018, at a regular meeting thereof, by the following vote:
AYES:
NOES:
CYR, HANKO, HARRIS, KISHIMOTO, SIEMENS
NONE
ABSTAIN: NONE
ABSENT: HASSETT, RIFFLE
ATTEST: APPROVED:
APPROVED AS TO FORM:
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.