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HomeMy WebLinkAboutPCDC Resolution 2006-05 02/27/2006RESOLUTION 2006-05 PETA~LUM~4 COMMUNITY DEVELOPMENT COMMISSION. RESOLUTION APPROVING ADJUSTMENTS TO THE PETALUMA COMMUNITY DEVELOPMENT COMMISSION FY 2005-06 BUDGET WHEREAS, on February 27, 2006, PCDC Commissioners considered amid-year financial report on the FY 2005-06 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 2005-06 PCDC Budget, attached hereto as Exhibit A. Adopted this 27'h Day of February 2006 by the following vote: Commissioner Aye No Absent Abstain Vice Chair Canevaro X Chair Glass X Harris X Healy X Nau X O'Brien X Torliatt X -.-_ 4/" David Glass, Chair ~`~._,__ PCDC Resolution 2006-05 Page 1 ATTEST: APPROVED AS TO FORM: .~ L/ Claire Cooper, Recording cretary Eric W. Danly, Ge eral Counsel PCDC Resolution 2006-05 Page 2 CITY OF PETALUMA, CA EXHIBIT A 2nd MID-YEAR ADJUSTMENT REQUESTS FOR 05-06 BUDGET NET IMPACT ON FUND inc rev inc exp net impact description PCDC 51 1,300 increase transfer in to debt svc funds 511,300 increase transfer out to debt svc fund 305,800 p201030 encumbrance to c500303 4,000 increase lease payment to general fund 2,198,000 increase transfer out to c200703 (9/12 council reso) (200,000) decrease funding to c200503 (Measure M to pay instead) 305,800 move 5520 encumbrance to c500303 150,000 increase storefront loan to total PY council approval 6,000 EPA grant search funding 51 1,300 3,280,900 (2,769,600) Net impact on ,PCDC c~ a~ c 0 ~o 0 0 N 0 .? 0 a~ U U