RESOLUTION NO. ID______-2024
RESOLUTION OF THE FORT BRAGG MUNICIPAL IMPROVEMENT DISTRICT BOARD APPROVING THE FISCAL YEAR 2024/25 FORT BRAGG MUNICIPAL IMPROVEMENT DISTRICT NO. 1 BUDGET WHEREAS, on May 31st, 2024, the District Manager submitted to the Board of Directors (Board) the Fort Bragg Municipal Improvement District No. 1 Proposed Budget for FY 2024/25; and WHEREAS, on June 5th, 2024 the Board conducted a Budget workshop; and WHEREAS, at the meeting, the Board provided direction to staff for further revision of the Proposed Budget for FY 2024/25; and WHEREAS, on June 24th, 2024, the District Manager submitted to the Fort Bragg Municipal Improvement District No. 1 Board the Final Budget for FY 2024/25; and.
WHEREAS, based on all the evidence presented, the District Board finds as follows:
The budget, as presented, adequately establishes a financial plan for carrying out the operations of the Fort Bragg Municipal Improvement District No. 1 in the following fiscal year; and The budget, as presented, establishes sufficient revenues for appropriations for FY 2024/25.
NOW, THEREFORE, BE IT RESOLVED that the District Board of the Fort Bragg Municipal Improvement District No. 1 does hereby adopt the Final Budget as submitted.
BE IT FURTHER RESOLVED that the copies of the FY 2024/25 Budget are on file in the offices of the District Clerk and the Finance Director/Treasurer, and shall be considered a part of this resolution.
The above and foregoing Resolution was introduced by Board Member __________, seconded by Board Member ___________, and passed and adopted at a regular meeting of the District Board of the Fort Bragg Municipal Improvement District No. 1 held on the 24th day of June 2024, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
RECUSE:
BERNIE NORVELL
Chair
ATTEST:
Diana Sanchez
District Clerk
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