RHDC - 2010-01 - Adopting the Annual Budget for 2010-11 fiscal YearRESOLUTION NO. 2010-01
A RESOLUTION OF THE ROSEMEAD HOUSING DEVELOPMENT CORPORATION
ADOPTING THE ANNUAL BUDGET FOR THE 2010-11 FISCAL YEAR
WHEREAS, a proposed annual budget for the Rosemead Housing Development
Corporation for the Fiscal Year commencing July 1, 2010 and ending June 30, 2011 was
submitted to the Housing Development Board of Directors for their review and
consideration and the proposed annual budget is on file in the City Clerk's office; and
WHEREAS, on June 22, 2010 a budget study session and a public hearing were
held, and
NOW, THEREFORE, THE ROSEMEAD HOUSING DEVELOPMENT
CORPORATION BOARD OF DIRECTORS DOES RESOLVE AS FOLLOWS:
The 2010-11 Annual Budget, is hereby adopted in the amount of $1,807,500.
2. There is hereby appropriated to each account group set forth in the Annual
Budget attached hereto, and made a part hereof as though fully set forth
herein, the sum shown for such account groups in the 2010-11 Adopted
Column.
3. The President shall sign and the City Clerk shall certify to the passage and
adoption of this Resolution and thereupon the same shall take effect and be
in force.
PASSED, APPROVED and ADOPTED the 22nd day of June, 2010.
ary Taylor, esident
,ATTEST:
I-- 2a LL~ C, "g-ch
Gloria Molleda
Corporation Secretary
APPROVE AS TO FORM:
~!i%,GCi1~ l
Jos ph M. Mont
City Attorney
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS.
CITY OF ROSEMEAD )
I, Gloria Molleda, Corporation Secretary of the City of Rosemead, do hereby certify that the
foregoing Resolution No. 2010.01 being:
A RESOLUTION OF THE ROSEMEAD HOUSING DEVELOPMENT CORPORATION
ADOTPING THE ANNUAL BUDGET FOR THE 2010.11 FISCAL YEAR
was duly and regularly approved and adopted by the Rosemead Housing Development
Corporation on the 22nd of June, 2010, by the following vote to wit:
Yes: Armenta, Clark, Low, Ly, Taylor
No: None
Abstain: None
Absent: None
Gloria Molleda
Corporation Secretary
ROSEMEAD CITY COUNCIUCOMMUNITY
DEVELOPMENT COMMISSIONNOUSING
DEVELOPMENT CORPORATION
STAFF REPORT
TO: THE HONORABLE MAYOR AND COUNCIL MEMBERS/CHAIRPERSON
AND COMMISSIONERS/PRESIDENT AND BOARD DIRECTORS
FROM: JEFF ALLRED, CITY MANAGE
DATE: JUNE 22, 2010
SUBJECT: ADOPTION OF THE CITY OF ROSEMEAD, ROSEMEAD COMMUNITY
DEVELOPMENT COMMISSION AND ROSEMEAD HOUSING
DEVELOPMENT CORPORATION FISCAL YEAR 2010-11 ANNUAL
OPERATING AND CAPITAL IMPROVEMENT BUDGETS
SUMMARY
The budgets for the City, Community Development Commission and Housing
Development Corporation have been combined into one comprehensive document.
However, each agency's appropriation request must be authorized individually.
Therefore, three resolutions are attached for your approval, one for each agency.
The City of Rosemead's fiscal year 2010-11 Annual Operating and Capital Improvement
Budget (Attachment A) is as follows:
Total FY 2010-11 Appropriations $ 43,206,300
The Rosemead Community Development Commission's fiscal year 2010-11 Annual
Operating and Capital Improvement Budget (Attachment A) is as follows:
Total FY 2010-11 Appropriations $ 6,447,000
The Rosemead Housing Development Corporation's fiscal year 2010-11 Annual Budget
(Attachment A) is as follows:
Total FY 2010-11 Appropriations $ 1,807,500
Grand Total $ 51,460,800
Staff Recommendation
Staff recommends that the Rosemead City Council adopt Resolution No. 2010-47
approving the fiscal year 2010-11 Annual Operating and Capital Improvement Budget in
the amount of $43,206,300. Staff also recommends that the Community Development
APPROVED FOR CITY COUNCIL AGENDA: ITEM NUMBER: - Z
City Council Meeting
June 22, 2010
Page 2 of 2
Commission adopt Resolution No. 2010-22 approving the fiscal year 2010-11 Annual
Operating and Capital Improvement Budget in the amount of $6,447,000. Staff also
recommends that the Rosemead Housing Development Corporation adopt Resolution
No. 2010-01 approving the fiscal year 2010-11 Annual Budget in the amount of
$1,807,500.
PUBLIC NOTICE PROCESS
This item has been noticed through the regular agenda notification process.
Submitted by:
Steven Brisco
Finance Director
Attachment A:
Annual Operating and Capital Improvement Budget
Attachment B:
Resolution No. 2010-47
Attachment C:
Resolution No. 2010-22
Attachment D:
Resolution No. 2010-01