HomeMy WebLinkAboutResolution 2012-020 N.C.S. 02/27/2012Resolution No. 2012-020 N.C.S.
of the City of Petaluma, California
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PETALUMA, ACTING AS
SUCCESSOR AGENCY TO THE FORMER PETALUMA COMMUNITY
DEVELOPMENT COMMISSION PURSUANT TO HEALTH AND SAFETY CODE
SECTION 341716), APPROVING ADJUSTMENTS TO THE FORMER
PETALUMA COMMUNITY DEVELOPMENT COMMISSION FY 2011-12 BUDGET
AND THE ESTABLISHMENT OF NEW SUCCESSOR AGENCY FUNDS
WHEREAS, on September 6, 2011, the Petaluma Community Development
Commission ("PCDC") Board adopted Resolution No. 2011-13, which revised the PCDC's
original adopted budget for FY 2011-12; and,
WHEREAS, pursuant to Health and Safety Code Section 341710) and Resolution No.
2012-007 N.C.S. adopted on January 9, 2012, the City Council of the City of Petaluma ("City")
is the successor agency ("Successor Agency") to the former PCDC, which was dissolved as of
February 1, 2012; and,
WHEREAS, the liability of the City acting as Successor Agency is limited pursuant to
Health and Safety Code Section 34173(e) and other applicable law; and,
WHEREAS, the City acting as Successor Agency has considered various adjustments to
the former PCDC budget and requested that certain changes be reflected in certain line -items.
and that certain funds be established, as more fully described in the Staff Report accompanying
this Resolution, with the intention of having the City's budget accurately reflect current
financial conditions, and good cause appears therefor.
NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF PETALUMA, ACTING AS SUCCESSOR AGENCY TO THE FORMER
PETALUMA COMMUNITY DEVELOPMENT COMMISSION PURSUANT TO
HEALTH AND SAFETY CODE Section 341710), that the City Council hereby approves and
adopts the adjustments to the FY 2011-12 former PCDC Budget, attached hereto as Exhibit A.
and approves the establishment of the new Funds identified in the accompanying Staff Report.
Under the power and authority conferred upon this Council by the Charter of said City.
REFERENCE: 1 hereby certify the foregoing Resolution was introduced and adopted by the proved as to
Council of the Citv of Petaluma at a Regular meeting on the 27" day of February, form:
2012, by the following vote;
AYES: Albertson, Barrett, Mayor Glass, Ilanis. I lealy, Kearney. Vice Mayor Ren€e
NOES: None
ABSENT: None
ABSTAIN: None ATTEST: uolc)
City Clerk
az�)
Mayor
Attorney
Resolution No. 2012-020 N.C.S. Page I
EXHIBIT A TO RESOLUTION 2012-020 N.C.S.
s
Fund 5215
City of Petaluma, California
FY 11-12 Budget
Fund 5215
SUCCESSOR AGENCY TO THE FORMER PETALUMA COMMUNITY DEVELOPMENT COMMISSION
FUND SUMMARY
FY 2012
FY 2012 FY 2012
Baseline
Total
Requests
Adjustments Budget
Beginning Balance 0 0 0
Revenues:
Taxes - -
Licenses, Permits and Fees - -
Investment Earnings - -
Charges for Services - -
Other
Total Revenues - - -
Transfers In from Fund 5300 23,014,173 - 23,014,173
Transfers In from Fund 5415 5,745,788 5,745,788
Total Resources Available
28,759,961
- 28,759,961
Expenditures:
General and Administrative
-
Salaries
Benefits
Services and Supplies
- -
Services and Supplies - I
-
Project Expenditures
-
Debt Service
5,745,788
- 5,745,788
Interest and Fees
- -
ERAF/Pass-through Payments
- -
Intragovernmental Charges
- -
Total Expenditures
5,745,788
- 5,745,788
Transfers Out - To CIP Fund 5315
1,553,108
1,553,108
Increase/Decrease in Reserves
Ending Balance
S 21,461,065 S
- $ 21,461,065
Resolution No.2012-020 N.C.S. Page 2
s
fund 5415
City of Petaluma, Califomia FY 11-12 Budget
Fund 5415
SUCCESSOR AGENCY TO THE FORMER PETALUMA.COMMUNITY DEVELOPMENT COMMISSION
FUND SUMMARY
FY 2012 FY 2012 FY 2012
Baseline Tota I
Requests Adjustments Budget
Beginning Balance $0 $0 $0
Revenues:
Taxes -
Licenses, Permits and Fees -
Investment Earnings -
Charges for Services -
Other
Total Revenues - -
Transfers In from Fund 5400
14,000,000
- 14;000,000
Transfers In - County Admin. Payment
771,434
771,434
Total Resources Available
14,771,434
- 14,771,434
Expenditures:
General and Administrative
-
Salaries
210,436
210,436
Benefits
64,785
64,785
Services and Supplies - EOPS
120,686
120,686
ProgramExpenditures3,513,585
3,513,585
Program Loans
-
- -
Interest and Fees
-
- -
ERAF/Pass-through Payments
2,395,026
- 2,395,026
Intragovernmental Charges
238,080
- 238,080
Total Expenditures
6,542,598
- 6,542,598
Transfers Out to FUND 5215
5,745,788
- 5,745,788
Increase/Decrease in Reserves
Ending Balance
PROGRAM EXPENDITURES
Downtown Business Assoc. rda I00220
Fire Sprinkler Sub rda100310
BrownfieldsrEPA rda100265
SMART rail stations rda1D0360
Unreinforced Masonry Prig (L rda100240
`Housing Set -Aside 20%
River Trail Match to SCTA
Econ. De+/Site Dev.
TRANSFERS OUT
Debt Service Fund 5215
Housing Set -Aside Funds for the following programs/projects
Petaluma People Services Center -Rental Assistance
204,000
Salvation Army - Trans. Hsg
75,000
COTS - Transitional Housing
332,400
Rebuilding Together
250,000
COTS - Transitional Housing -Match
7,500
COTS - MIC Homeless Shelter
300,000
1,158,900
1801917.1
$ 50,000
21,031
25,000
25,000
92,554
1,400,000
1,400,000
500,000
3,513,585
5,745,788
Resolution No.2012-020 N.C.S. Page 3