HomeMy WebLinkAbout14-59 - Approving the Successor Agency's Administrative Budget for the 14-15B six-month Fiscal Period of January 1, 2015 to JuneSUCCESSOR AGENCY RESOLUTION NO. 14-59
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE COSTA MESA
REDEVELOPMENT AGENCY APPROVING THE SUCCESSOR AGENCY'S
ADMINISTRATIVE BUDGET FOR THE 14-15B SIX-MONTH FISCAL PERIOD OF
JANUARY 1, 2015 TO JUNE 30, 2015 PURSUANT TO HEALTH AND SAFETY CODE
SECTION 341770)
WHEREAS, the former Costa Mesa Redevelopment Agency ("former Agency")
was established as a redevelopment agency that was previously organized and existing
under the California Community Redevelopment Law, Health and Safety Code Section
33000, et seq., and previously authorized to transact business and exercise powers of a
redevelopment agency pursuant to action of the City Council of the City of Costa Mesa
("City"); and
WHEREAS, Assembly Bill x1 26 added Parts 1.8 and 1.85 to Division 24 of the
California Health & Safety .Code, which caused the dissolution of all redevelopment
agencies and winding down of the affairs of former agencies, including as such laws were
amended by Assembly Bill 1484 and other subsequent legislation (together, the
"Dissolution Law"); and
WHEREAS, as of February 1, 2012 the former Agency was dissolved pursuant to
the Dissolution Law, and as a separate public entity, corporate and politic the Successor
Agency to the Costa Mesa Redevelopment Agency ("Successor Agency") administers the
enforceable obligations of the former Agency and otherwise unwinds the former Agency's
affairs, all subject to the review and approval by a seven -member oversight board
("Oversight Board"); and
WHEREAS, pursuant to Section 34179 the Successor Agency's Oversight Board
has been formed and its initial meeting occurred on April 19, 2012; and
WHEREAS, Section 34179 provides that the Oversight Board has fiduciary
responsibilities to holders of enforceable obligations and the taxing entities that benefit
from distributions of property tax and other revenues pursuant to Section 34188 of Part
1.85 of the Dissolution Law; and
WHEREAS, Section 34177(j) requires the Successor Agency to prepare a
proposed administrative budget covering the 14-15B fiscal period from January 1, 2015
to June 30, 2015 and submit it to the Oversight Board for approval; and
WHEREAS, pursuant to Section 341770), the Successor Agency's
"Administrative Budget" is to include all of the following: (a) estimated amounts of the
Successor Agency's administrative costs for the up -coming six-month fiscal period;
(b) the proposed sources of payment for the costs identified in (a); and (c) proposals for
arrangements for administrative and operations services provided by the city serving as
Successor Agency; and
WHEREAS, the Successor Agency's proposed Administrative Budget for the 14-
15B six-month fiscal period of January 1, 2015 to June 30, 2015 has been reviewed and
by this Resolution the Successor Agency desires to approve such Administrative Budget
and authorize submittal thereof to the Oversight Board for its review and approval; and
Resolution No. 14-59 Page 1 of 3
WHEREAS, the Administrative Budget, when and as approved by the Oversight
Board, will be provided to the County of Orange Auditor -Controller pursuant to Section
34177(k) so that the Successor Agency's estimated administrative costs in the approved
Administrative Budget will be paid from property tax revenues deposited into the
Redevelopment Property Tax Trust Fund for the applicable six-month fiscal period; and
WHEREAS, once the Oversight Board has reviewed and approved the Successor
Agency's Administrative Budget for the 14-15B six-month fiscal period of January 1, 2015
to June 30, 2015, then the Successor Agency staff will cause to be posted this Resolution,
including the Administrative Budget, on the Successor Agency website, and will transmit
such to the County Auditor -Controller, the State Controller's Office and Department of
Finance ("DOF").
NOW, THEREFORE, BE IT RESOLVED BY THE SUCCESSOR AGENCY TO
THE COSTA MESA REDEVELOPMENT AGENCY:
Section 1. The foregoing recitals are incorporated into this Resolution by this
reference, and constitute a material part of this Resolution.
Section 2. Pursuant to the Dissolution Law, the Successor Agency approves the
Administrative Budget for the 14-15B six-month fiscal. period of January 1, 2015 to
June 30, 2015 submitted herewith as Attachment 1 and incorporated by this reference.
Section 3. The Successor Agency authorizes transmittal of the Administrative Budget
for the 14-15B six-month fiscal period of January 1, 2015 to June 30, 2015 to the
Oversight Board for its review and approval and also directs staff to send the
Administrative Budget to the County Auditor -Controller and DOF once reviewed and
approved by the Oversight Board.
Section 4. The Assistant Finance Director of the Successor Agency or her authorized
designee is directed to post this Resolution on the Successor Agency website pursuant
to the Dissolution Law.
Section 5. The Secretary shall certify to the adoption of this Resolution.
APPROVED AND ADOPT 'FF
James M. Righeimer, C '
Successor Agency toe Cost
Mesa Redevelopmen Agency
ATTEST:
APPROVED AS TO FORM:
&M00- °rte (U/1�
Brenda Green, Secretary Celes S rady
Successor Agency to the Spe al Counsel
Costa Mesa Redevelopment Agency
Resolution No. 14-59 Page 2 of 3
1
1
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF COSTA MESA )
I, Brenda Green, Secretary of the Successor Agency to the Costa Mesa Redevelopment
Agency, hereby certify that the foregoing resolution was duly adopted by the Successor
Agency at a regular meeting held on the 16th day of September 2014, and that it was so
adopted by the following vote:
AYES: BOARD MEMBER: Leece, Monahan, Mensinger, Righeimer
NOES: BOARD MEMBER: None
ABSENT: BOARD MEMBER: Genis
Brenda Green,, Secretary
Successor -Agency to the
Costa Mesa -Redevelopment Agency
Resolution No. 14-59 Page 3 of 3
ATTACHMENT 1
to Successor Agency Resolution No. 14-59
Successor Agency Administrative Budget
for the 14-15B Six -Month Fiscal Period of January 1, 2015 to June 30, 2015
(attached)
D OCS O C/1675159v3/200410-0000
SUCCESSOR AGENCY ADMINISTRATIVE BUDGET
01/01/2015- 06/30/2015
Personnel Expenditures
Total Other Expenditures $ 72,192.85
$ 36,096.43
Current Costs
01/01/15 - 06/30/2015
$
15, 572.63
$
Annual Wages,
Percent to
9,293.70
Annual S.A.
Department
Position
25,824.75
Benefits, etc.
S.A. Admin
Admin Costs
Development Services
Management Analyst (JR)
$
124,581.00
25%
$
31,145.25
CEO
City Clerk (BG)
$
186,832.00
25%
$
46,708.00
Finance
Budget Analyst (AP)
$
142,980.00
13%
$
18,587.40
Finance
Accounting Supervisor (CT)
$
148,585.00
20%
$
29,717.00
Finance
Asst Fin Director (CO)
$
206,598.00
25%
$
51,649.50
Total Personnel Expenditures
$
177,807.15
Other Administrative Expenditures for period 01/01/15-06/30/2015
6 Month Costs
Annual S.A.
Percent to
01 /01 /15 -
Department
Activity
Admin Costs
S.A. Admin
06/30/2015
Finance
Accounting/Audit Services
$
12,000.00
100%
$
6,000.00
Development Services
Legal
$
50,000.00
100%
$
25,000.00
Development Services
Consulting
$
10,000.00
100%
$
5,000.00
Admin Services
Central Services
$
100.00
100%
$
50.00
Admin Services
Postage
$
92.85
100%
$
46.43
Total Other Expenditures $ 72,192.85
$ 36,096.43
Current Costs
01/01/15 - 06/30/2015
$
15, 572.63
$
23,354.00
$
9,293.70
$
14,858.50
$
25,824.75
$
88,903.58
Total Admin Budget $ 125,000.00