HomeMy WebLinkAbout2008 CC RESO 2008-28 CDCRESOLUTION NO. 2008 — 28
RESOLUTION OF THE COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF NATIONAL CITY APPROVING AND
ADOPTING THE FY 2007-2008 MID -YEAR BUDGET CHANGES
WHEREAS, in June 2007, the Community Development Commission of the City
of National City ("CDC") adopted a budget for FY 2007-2008 that was modeled on the FY 2006-
2007 budget with minor modifications; and
WHEREAS, due to changes in the economy, operating needs, laws and
regulations, adjustments to revenue and expenditure budgets would be made at mid -year
review; and
WHEREAS, the Finance Director and Financial Services Officer met with CDC
departments, discussed financial projections and departmental budgetary needs, and forwarded
recommendations to the City Manager; and
WHEREAS, the City Manager has recommended approval of the mid -year
budget changes as summarized in the attached Exhibit "A".
NOW, THEREFORE, BE IT RESOLVED that the Community Development
Commission of the City of National City hereby approves and adopts the FY 2007-2008 mid-
year budget changes, attached hereto as Exhibit "A".
PASSED and ADOPTED this 5th day of Fe
ATTEST-
Bra ' ' " . n, Secretary
APPROVED AS TO FORM:
George H. Eiser, Ill
Legal Counsel
2008.
iL
Ron Morrison, CR'rman
EXHIBIT "A"
Mill -YEAR BUDGET ADJUSTMENTS
I'Y 2007-2008
Account
Amount
Description
COMMUNITY DEVELOPMENT COMMISSION OF TI IE CITY OF NATIONAL CITY
Redevelopment
360 00000-3498
TOTAL CDC REVENUE
Debt Service
261 461-000-210-0002
261 461-000-210-0003
261 461 000-210-0004
261 461-000-210-0005
261 461-000-210-0006
261-461-000-210-0007
261-461-000-210-0008
261-461-000-210-0009
Total Debt Service
Administration
360-461-000-101-0000
360-461-000-210-0004
360-461-000-299-0000
Total Administration
Total Tax Increment Funding
Redevelopment
362-460 000-210-0000
Total Low & Moderate Income Housing
TOTAL CDC EXENDITURF-S
REVENUE
200,000 EPA Grant awarded for 7/30/07 - 11/30/10
200,000
200,000
EXPENDITURES
AB1290 Tax Sharing Payments for the Harbor District (Per Health & Safety Code)
40,000 County of SD
3,400 Office of Education
7,600 Southwestern College
34,100 Ciry of National City
46,100 National City Elementary
28,200 Sweetwater Union High School District
700 CWA City of National City
750 M WD D/S Remainder of SDCWA
160,850
28,000
56,525
55,000
139,525
300,375
Grant Accountant Contract Assistance
City of National City
CDC/City Merge of Financial Data and Finance Re organization
100,000 Christmas in July
100,000
400,375
Passed and adopted by the Community Development Commission of the City of
National City, California, on February 5, 2008, by the following vote, to -wit:
Ayes: Commissioners Natividad, Parra, Ungab, Zarate.
Nays: None.
Absent: Morrison.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Chairman, Community Development Commission
Secretaevelopment Commission
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2008-28 of the Community Development Commission of the City of
National City, California, passed and adopted on February 5, 2008.
Secretary, Community Development Commission
By:
Deputy