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HomeMy WebLinkAbout2008 CC RESO 2008-200 CDCRESOLUTION NO. 2008 — 200 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF NATIONAL CITY ADOPTING A BUDGET FOR THE FISCAL YEAR 2008-2009 WHEREAS, on September 2, 2008, the Executive Director of the Community Development Commission submitted a recommended budget for the 2008-2009 fiscal year, which has been discussed and deliberated in public session. NOW, THEREFORE, BE IT RESOLVED by the Community Development Commission of the City of National City that the budget for the fiscal year beginning July 1, 2008, with Community Development Commission expenditures totaling $26,723,900, is hereby approved, adopted, and appropriated. BE IT FURTHER RESOLVED that the fund appropriations set forth in the Projected Expenditures column of Exhibit "A" shall be the maximum expenditures authorized for those funds. The Executive Director is hereby authorized to make budgetary revisions within and between budget line items within a fund. BE IT FURTHER RESOLVED that the Executive Director is hereby authorized to transfer monies up to the maximum set forth in the Transfers column in Exhibit "A". BE IT FURTHER RESOLVED that the Community Development Commission of the City of National City does hereby authorize and approve the number and classification of employees in the respective functions, departments and/or activities as set forth in the fiscal year 2008-2009 budget. PASSED and ADOPTED this 16th day of Septem. - , 2008. on Morrison, ' - an APPROVED AS TO FORM: George H. Eiser, III City Attorney COMMUNITY DEVELOPMENT COMMISSION OF NATIONAL CITY BUDGET ANALYSIS BY FUND - ALL FUNDS, ADOPTED BUDGET FISCAL YEAR 2008-09 001 General Fund Undesignated Balance General Fund - Contingency Reserve 261 CDC Debt Service Fund 301 Grant - C.D.B.G 502 Section 8 504 Home Improvement Loan 505 Home 511 Tax Increment Fund 522 Low & Moderate Income Housing 7,343,915 7,300,000 5,195,101 (1,598,236) 71,429 2,388,292 2,295,025 3,265,607 8,064,196 19.681,414 12,182,310 1,092,595 8,394,677 5,000 574,446 3,245,578 25,494,606 (9,365,807) (45,864) (49,900) 10,237,789 (776,218) 5,363,731 840,570 8,466,017 524,546 10,290,888 1,238,148 26,723,900 EXHIBIT "A" 6,118,515 9,000,000 2,647,873 (1.392.075) 89 2,393,292 2,295,025 3,212,508 9,295,408 18,452,120 Passed and adopted by the Community Development Commission of the City of National City, California, on September 16, 2008, by the following vote, to -wit: Ayes: Commissioners Morrison, Parra, Ungab, Zarate. Nays: None. Absent: Commissioner Natividad. Abstain: None. AUTHENTICATED BY: RON MORRISON Chairman, Community Development Commission Secretar a ftfiunity Development Commission By: Deputy I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION NO. 2008-200 of the Community Development Commission of the City of National City, California, passed and adopted on September 16, 2008. Secretary, Community Development Commission By: Deputy