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Home My WebLink About2020-06-23; City Council; Resolution 2020-128RESOLUTION NO. 2020-128 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA ACTING AS SUCCESSOR AGENCY FOR THE CARLSBAD REDEVELOPMENT AGENCY, ADOPTING THE FINAL OPERATING BUDGET OF THE SUCCESSOR AGENCY AND ENFORCEABLE DEBT OBLIGATIONS OF THE CITY OF CARLSBAD'S REDEVELOPMENT OBLIGATION RETIREMENT FUND FOR FISCAL YEAR 2020-21 AND ESTABLISHING CONTROLS ON CHANGES IN APPROPRIATIONS FOR BUDGET FUNDS EXHIBIT7 WHEREAS, the City Council of the City of Carlsbad, California has been designated as the Successor Agency for the Carlsbad Redevelopment Agency (Successor Agency) and, as such, is responsible for the administrative responsibilities required to complete the work of the former Carlsbad Redevelopment Agency and repay all enforceable debt obligations; and WHEREAS, the Successor Agency and the appointed Oversight Board have reviewed the proposed Operating Budget for the Successor Agency and previously approved the enforceable debt obligations to be repaid from the Redevelopment Obligation Retirement Fund for fiscal year (FY) 2020- 21; and WHEREAS, the Successor Agency finds that the proposed Operating Budget for the Agency and the Oversight Board approved enforceable debt obligations of the Redevelopment Obligation Retirement Fund are consistent with the Recognized Obligation Payment Schedule prepared by the Successor Agency and approved by the Oversight Board; and WHEREAS, public hearings have been held as necessary prior to the adoption of the final operating budget. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad acting as Successor Agency for the Carlsbad Redevelopment Agency as follows: 1. That the above recitations are true and correct. June 23, 2020 Item #9 Page 101 of 124 2. That certain documents now on file in the office of the Carlsbad City Clerk entitled "City of Carlsbad, FY 2020-21 Preliminary Operating Budget and FY 2020-21 to 2034-35 Capital Improvement Program -Preliminary," as amended, if necessary, in accordance with Exhibit 7A attached and incorporated by reference, are adopted as the final Operating Budget for the Successor Agency and th.e enforceable debt obligations of City of Carlsbad's Redevelopment Obligation Retirement Fund for FY 2020-21, along with any program options and/or adjustments, if any, determined by the Successor Agency as set forth in the minutes of the Successor Agency's meeting of Tuesday, June 23, 2020. 3. That the amounts reflected as estimated revenues for FY 2020-21 are adopted as the budgeted revenues for FY 2020-21. 4. That the amount designated as FY 2020-21 budget request in Exhibit 7 A is appropriated to the fund for which it is designated, and such appropriation shall not be increased except as provided in this resolution. 5. That the following controls are placed on the use and transfer of budget funds: A. No expenditure of funds shall be authorized unless sufficient funds have been appropriated by the Successor Agency or designee, as described below. i. The City Manager may authorize all transfers of funds from account to account within the same fund in an amount up to $100,000 per transfer. ii. The City Manager may delegate the authority to make budget transfers and adjustments. iii. The City Manager may authorize budget adjustments involving offsetting revenues and expenditures; the City Manager is authorized to increase an appropriation for a specific purpose where said appropriation is offset by unbudgeted revenue which is designated for said specific June 23, 2020 Item #9 Page 102 of 124 purpose, and is approved in advance by the Oversight Board. B. The Successor Agency must authorize any increase in the number of authorized permanent personnel positions above the level identified in the final Budget. The City Manager may authorize the hiring of temporary or part-time staff as necessary, within the limits imposed by the controls listed above and subject to the Operations Budget for the Successor Agency. 6. That all outstanding encumbrances as of June 30, 2020, are continued into FY 2020-21 for such contracts and obligations, as approved by the Oversight Board. PASSED, APPROVED AND ADOPTED at a Joint Special Meeting of the City Council of the City of Carlsbad, the Board of Directors of the Carlsbad Municipal Water District, the Board of Directors of the Carlsbad Public Financing Authority, the City of Carlsbad Community Development Commission, and the City Council of the City of Carlsbad as Successor Agency to the Carlsbad Redevelopment Agency held on the 23rd day of June, 2020, by the following vote to wit: AYES: NAYS: ABSENT: Hall, Blackburn, Bhat-Patel, Schumacher. None. None. MATT HALL, President (SEAL) \\\\lllillll/////// ~-"'o'''~ CAif.}',,,,~ ~ ,l~~\S'❖ lt::~_...m·····~---..... ~ ~(.)\ I , )C~ \ "1'/~ ... J "/." •. ' ... ~ ~ 'l. '-4 ··········· ...\.'\'f "" "'1t,,1}-IFOf\~,,,,"' 111//111111111111\\ June 23, 2020 Item #9 Page 103 of 124 COMMUNITY SERVICES | HOUSING SERVICES: SUCCESSOR AGENCY Account: 801 Fund: Trust Fund ABOUT The successor agency is responsible for preparing a recognized obligation payments schedule as detailed by the State of California’s Department of Finance, listing the enforceable obligations of the former redevelopment agency and their source of payment. This payment schedule is subject to approval by the countywide oversight board. SERVICES •Activities associated with the dissolution of the redevelopment agency •Ensure payment of all debt obligations as approved by the Oversight Board RECENT ACCOMPLISHMENTS •Processed Recognized Obligations Payment Schedule for fiscal year 2020-21 for approval by the countywide Oversight Board •Received loan repayment from the successor agency and funding for payment on redevelopment bond GOALS | OBJECTIVES | PRIORITIES •Continue to take actions to dissolve the former redevelopment agency in a timely manner and ensure repayment of all approved debt obligations 2017-18 Actual 2018-19 Actual 2019-20 Budget 2020-21 Budget Personnel Services Salaries & Wages $52,268 $47,752 $78,078 $30,004 Retirement Benefits 19,960 19,343 13,758 7,196 Health Insurance 9,106 8,061 6,780 2,158 Other Personnel Expenses 2,310 2,672 3,250 952 Personnel Services Subtotal 83,644 77,828 101,866 40,310 Operating Expenses Professional & Contract Services 8,959 681 38,000 38,000 Supplies & Materials 8,403 7,686 11,000 11,000 Repair & Maintenance 0 0 1,500 1,500 Interdepartmental Charges 26,237 44,267 45,667 46,005 Other Operating Expenses 1,689,536 1,639,106 1,348,759 1,796,708 Capital Outlay 0 0 0 0 Operating Expenses Subtotal 1,733,135 1,691,740 1,444,926 1,893,213 TOTAL EXPENDITURES $1,816,779 $1,769,568 $1,546,792 $1,933,523 Full Time Positions 0.85 0.85 0.35 0.35 Hourly/FTE Positions 0.00 0.00 0.00 0.00 Exhibit 7A June 23, 2020 Item #9 Page 104 of 124