HomeMy WebLinkAboutPCDC Resolution 2007-03 02/08/2007RESOLUTION N0.2007-03
PETALUMA COMMUNITY. DEVELOPMENT COMMISSION
RESOLUTION APPROVING ADJUSTMENTS
TO THE PETALUMA COMMUNITY DEVELOPMENT COMMISSION
FY 2006-07 BUDGET
WHEREAS, on February 5, 2007, PCDC Commissioners considered amid-year financial
report on the FY 2006-07 PCDC Budget; and,
WHEREAS, the PCDC considered various adjustments to the budget and requested that
changes be reflected in certain line-items with the intention of having the budget reflect current
financial conditions; and,
NOW, THEREFORE, BE IT RESOLVED that the Petaluma Community Development
Commission hereby approves and adopts adjustments to the FY 2006-07 PCDC Budget,
attached hereto as Exhibit A.
Commissioner Aye No Absent Abstain
Barrett X
Harris X
Vice Chair Nau X
O'Brien X
Rabbitf
,~
Chair Torliatt X
Pa ela Tor`i'iatl`-C~ air
ATTEST: APPROVED AS T~,~"'P 4.M:~ = - -~_-'
~~~,
Claire Cooper, Recording Sec Lary Eric Danly, General
nsel
PCDC Resolution 2007-03 Page 1
2/8/2007
EXHIBIT A
CITY OF PETALUMA
06-07 1ST MID-YEAR BUDGET ADJUSTMENTS
(#) =reduction in expense or increase in revenue
# =increase in expense or decrease in revenue
PCDC 400,000 Transfer out to PW grant fund for dredging Turning Basin
(1,000,000) Reduce budget for Brownfields grant not awarded
1,000;000 Reduce EPA grant revenue
250,000 Transfer out to CIP for new fire station design
(25,000,000) Previously approved 2007A TAB debt proceeds
1,274,000 Accounting for Marina debt forgiveness (previously approved by Council) loss
TOTAL PCDC (23,076,000)
PCDC Resolution 2007-03 Page 2