HomeMy WebLinkAbout2024-10-08; Public Financing Authority; Resolution 98RESOLUTION NO. 98
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CARLSBAD PUBLIC
FINANCING AUTHORITY OF THE CITY OF CARLSBAD, CALIFORNIA,
APPROVING THE CARLSBAD PUBLIC FINANCING AUTHORITY FISCAL YEAR
2023-24 BUDGET CARRYFORWARD REQUESTS AND APPROPRIATION OF
FUNDS TO FISCAL YEAR 2024-25 AND AUTHORIZING CAPITAL OUTLAY
PURCHASES
WHEREAS, due to various factors including prudent operations or changes to various projects
and programs, the Golf Course Enterprise Fund may end a fiscal year with a surplus of revenues over
expenditures, encumbrances and commitments; and
WHEREAS, the Board of Directors of the Carlsbad Public Financing Authority of the City of
Carlsbad has the discretion to authorize the approval of the carry forward of any unspent and
unencumbered budget at the close of the fiscal year to the subsequent fiscai year; and
WHEREAS, at the close of fiscal year 2023-24, the remaining unaudited unspent and
unencumbered expenditure budget for the Golf Course Enterprise Fund is sufficient to support the
carryforward request s; and
WHEREAS, the carryforward requests submitted for Board of Directors approval totaling
$265,000 in non-General Fund funds are listed in Attachment A to this resolution.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Carlsbad Public Financing
Authority of the City of Carlsbad, California, as follows:
1. That the above recitations are true and correct.
2. That the budget ca rryforward requests shown in Attachment A to this resolution are
approved for carryforward from fiscal year 2023-24 to fiscal year 2024-25.
3. That the Executive Director, or designee, is authorized to purchase the capital outlay
items as shown in Attachment A.
4. That the Executive Director, or designee, is authorized to appropriate carryforward
budgets to the funds in the amounts shown in Attachment A.
PASSED, APPROVED AND ADOPTED at a Joint Special Meeting of the Board of Directors of the
Carlsbad Public Financing Authority, Board of Directors of the Carlsbad Municipal Water District, and
the City Council of the City of Carlsbad on the 8th day of October, 2024, by the following vote, to wit:
AYES:
NAYS:
ABSTAIN:
ABSENT:
BLACKBURN, BHAT-PATEL, ACOSTA, BURKHOLDER, LUNA.
NONE.
NONE.
NONE.
KEITH l~erson
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SHERRY FREISINGER, Secretary
(SEAL)
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Parks & Recreation
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CITY OF CARLSBAD FY 2023-24 TO FY 2024-25
CARRYFORWARD BUDGET REQUESTS FOR BOARD OF DIRECTORS CONSIDERATION
(ITEMS EQUAL TO OR GREATER THAN $100,000) __ __;__.;...._, ________ ~----
FUND ---DESCRIPTION -------REQUEST TYPE AMOUNT -Non General Fund The Crossings Golf Course budget carryforward Other 265,000
General Fund Total $
Non General Fund Total $ 265,000
GRAND TOTAL _$_ 2&s,oooj
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