HomeMy WebLinkAbout2009 CC RESO 2009-50 CDCRESOLUTION NO. 2009 — 50
RESOLUTION OF THE COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF NATIONAL CITY
APPROVING AND ADOPTING THE FY 2008-2009
MID -YEAR BUDGET CHANGES
WHEREAS, on September 16, 2008, the Community Development Commission
of the City of National City ("CDC") adopted a budget for FY 2008-2009 that was modeled on
the FY 2007-2008 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 2008-2009 mid-
year budget changes, attached hereto as Exhibit "A".
PASSED and ADOPTED this 3rd day of March, 9.
on Morrison, Chairman
APPROVED AS TO FORM:
1#qk J , sit
George H. Eiser, Ill
City Attorney
Exhibit A
MID -YEAR BUDGET CHANGES
FY 2008-2009
Account
Amount
Description
REVENUE
511- Tax Increment
511-00000-3999
Total Tax Increment
EXPENDITURES
261 - Debt Service Fund
261-445-000-210-0000
261-445-000-210-0006
261-445-000-210-0007
261-445-000-210-0004
261-445-000-210-0003
261-445-000-210-0005
261-445-000-210-0008
261-445-000-210-0009
261-445-000-470-0003
261-445-000-480-0003
261-409-000-099-0000
Total Debt Service Fund
511- Tax Increment
511-409-000-210-0002
51 1-445-466-* *
Total Tax Increment
522 - Low & Moderate 20%
522-409-500-598-3933
522-445-465-*
522-445-466-*
Total Low & Moderate 20%
(2,000,000) Decrease operating transfer from Debt service fund
(2,000,000)
1,665
113,340
69,350
18,697
8,333
825,981
16,378
49,832
317,700
178,615
(2,000,000)
(1,503,685)
1,062,028
220,420
1,282,448
Housing Set Aside
497,534
(375,000)
(375,000)
(252,466)
Lower Sweetwater Fire
Gen Elem National
Sweetwater Union High School
SWC College
County Office of Educaiton
City of National City
CWA City of National City
MWD D/S Remainder of SDCWA
18% of principal payment for 2005-A TAB
18% of interest payment for 2005-A TAB
Decrease transfer to Capital Project Fund
RDA transfer to ERAF per HSC 33685
Healthy Homes Program Match
Casa Familiar
Lead Control Program
Healthy Homes Program
Passed and adopted by the Community Development Commission of the City of National
City, California, on March 3, 2009, by the following vote, to -wit:
Ayes: Commissioners Morrison, Parra, Sotelo-Solis, Van Deventer, Zarate.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Chairman, Community Development Commission
Secretary, C. -.i uniGelopment Commission
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2009-50 of the Community Development Commission of the City of
National City, California, passed and adopted on March 3, 2009.
Secretary, Community Development Commission
By:
Deputy