File #: ID 2018-624    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 11/5/2018 In control: Community Redevelopment Agency Special Meeting
On agenda: 11/20/2018 Final action:
Title: AMENDING FISCAL YEAR 2017-2018 AND FISCAL YEAR 2018-2019 ANNUAL BUDGETS
Attachments: 1. RESOLUTION, 2. BACKGROUND: ATTACHMENTS A & B
Date Ver.Action ByActionResultAction DetailsMeeting DetailsAudio/Video
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TO:                     Chair and Members of the Board

 

FROM:                     Samuel A. May, Executive Director

 

DATE:                     November 20, 2018

 

 

Title

AMENDING FISCAL YEAR 2017-2018 AND FISCAL YEAR 2018-2019 ANNUAL BUDGETS

 

Body

 

 

BACKGROUND:                     The MCRA FY 2018-2019 annual budget was approved by the Board at the MCRA special meeting on September 27, 2018.  With the close-out of the MCRA FY 2017-2018 budget, there is a balance of $956,036 remaining in the Operating Fund (140 accounts). These funds have to be carried over to the current year’s budget and allocated to projects and programs.

 

Attached is a budget amendment for fiscal years 2017-18 and 2018-19.  

 

 

RECOMMENDATION: Approve the resolution amending the FY 2019 CRA budget as provided herein.                     

 

 

FISCAL IMPACT: The fiscal impact of the budget amendment for each fund is detailed in attachments Exhibit A and Exhibit B to the resolution.                     

 

 

CONTACT PERSON: Samuel A. May, Executive Director