HomeMy WebLinkAboutOB Reso No 2012-010RESOLUTION NO. OB -2012- 010
A RESOLUTION OF THE OVERSIGHT BOARD TO THE
SUCCESSOR AGENCY OF THE REDEVELOPMENT
AGENCY OF THE CITY OF LAKE ELSINORE APPROVING
AN ADMINISTRATIVE BUDGET FOR THE SUCCESSOR
AGENCY FOR JULY THROUGH DECEMBER 2012
WHEREAS, the Oversight Board to the Successor Agency of the
Redevelopment Agency of the City of Lake Elsinore ( "Oversight Board ") has
been established to direct the Successor Agency to take certain actions to wind
down the affairs of the Redevelopment Agency in accordance with the California
Health and Safety Code; and
WHEREAS, the Oversight Board desires to approve an administrative
budget for the Successor Agency of the Redevelopment Agency of the City of
Lake Elsinore, for the period of July 1, 2012 through December 31, 2012, subject
to the adoption thereof by the Successor Agency.
NOW, THEREFORE, THE OVERSIGHT BOARD TO THE SUCCESSOR
AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE
ELSINORE DOES HEREBY RESOLVE, DETERMINE AND ORDER AS
FOLLOWS:
SECTION 1. The Administrative Budget for the period of July 1, 2012
through December 31, 2012, a copy of which is attached hereto and incorporated
herein as Exhibit "A ", is hereby approved, subject to the adoption thereof by the
Successor Agency of the Redevelopment Agency of the City of Lake Elsinore.
SECTION 2. This Resolution shall take effect from and after the date of
its passage and adoption.
PASSED, APPROVED AND ADOPTED at a special meeting of the
Oversight Board to the Successor Agency of the Redevelopment Agency of the
City of Lake Elsinore, held this 12th day of June, 2012.
BRA DALE
CHAIRMAN
•0•Av _ A
Oversight Board Resolution No. 2012 -010
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS
CITY OF LAKE ELSINORE )
I, Virginia Bloom, Secretary of the Oversight Board to the Successor Agency
of the Redevelopment Agency, hereby certify that Resolution No. 2012 -010 was
adopted by Oversight Board to the Successor Agency of the Redevelopment
Agency, at a regular meeting held on the 12th day of June, 2012, and that the same
was adopted by the following vote:
AYES: WILLIAMS, KELLEY, CARLSON, LILLIBRIDGE, OSTER, SHULTZ AND
TISDALE
Ikq R7��►[0li•I�
ABSENT: NONE
ABSTAIN: NONE
,RY
SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
ADMINISTRATIVE BUDGET
JULY TO DECEMBER 2012
City Staff Support Costs
Operating Costs:
Professional Services (Legal)
Professional Services (Other)
Training & Education
Office Supplies
Bank Fees
Total Operating Costs
Total Administrative Budget
AMOUNT
$ 78,845
60,000
10,000
2,000
6,000
535
78,535
$ 157,380
The Administrative Budget includes city staff and support costs and other
operating costs required to carry out Successor Agency and Oversight Board
activities and administration.
City Staff Support Costs are detailed in Exhibit No. 1 and include a percentage of
salaries and benefits based upon City staffs performance of the following
Successor Agency activities: weekly staff meetings, preparation of staff reports,
preparation of agendas, preparation of minutes, records management, general
correspondence, attendance at Successor Agency and Oversight Board
meetings, financial management, budgeting and accounts payable, annual
reporting, information technology support, website maintenance, and overall
Successor Agency and Oversight Board management.
Operating Costs include legal services by the Successor Agency Counsel as well
as special counsel services such as bond counsel and tax counsel services on an
as needed basis including performance of the following activities: legal
research /analysis and preparation of staff reports and agendas, attendance at
Successor Agency and Oversight Board meetings, correspondence and
management. Operating Costs also include other professional services such as
investment services and financial consulting services, supplies, training and
education, and bank fees, which include investment administration, investment
services by PFM and other similar services.
&W2012, /n
SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
Allocation of City Staff Support
Ci Clerk I
4117 'Office Specie
4117 19ity Clerk
TOTAL CITY CLERK
4120 I City Manager
4120 IManagement,
4120 _ Executive Ass
Total City Manager
t-eorua ro june cu ic
162,526:55`
122,889.24
626,960 49
Finance
4131
SUCCESSOR
I
4131
4131
Account Specialist II
AGENCY
SA % of
ALLOCATION OF
I Total
Total Gross
SALARIES &
Salaries &
Salaries+Bene.
BENEFrrs
Benefits
osition
89,261.87
8,926.19
, 10%
s_t III - - - --
106,836.11
10,683.61
1_0%
—
196 097.98 I
19,609.80
I
270,863.64 27,086.36
---------
lnalyst 132,337.05 j 13,233.71
Istant 100,870.56 r -
- – I 504,071.26 40,320.07
Services
4351 lInformation Technician II 86,596.68 _ 8,659.6_7
4351 1GIS Analyst 122,889.24 _ 121288.92
4351 Iln_formation Technology Supervim
Total Economic Devi IT
TOTAL MANAGER'S OFFICE
162,526:55`
122,889.24
626,960 49
Finance
4131
Account Specialist Ili
Accounting Supervisor
66,015.23
108,266.09
77,012.18 t—
4131
4131
Account Specialist II
I Total
TOTAL ADMINISTRATIVE SERVICES 488,2:
TOTAL SALARIES & BENEFITS -- 1,370,77
Monthly Amount
July to December 2012
6Wo12jr Exhibit No. 1
37.
77
0%
10%
10%
10%
10,321.83 120
- -- -
12,991.9_3 120
_7,701.22 10%
29,544.14 15%
60,559.11 —
li141
$ 13,140841- 8841 fll