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Attachment 2 - EMID Resolution

Foster City City Council
June 16, 2025

Document
Attachment 2 - EMID Resolution
Meeting
June 16, 2025
Body
Foster City City Council
Original file
36 KB
Text extracted from the city's file for reading and search. Open the original on fostercity.primegov.com. That file is the official record.

RESOLUTION NO. _____________

A RESOLUTION OF THE BOARD OF DIRECTORS OF THE ESTERO MUNICIPAL IMPROVEMENT DISTRICT APPROVING THE FISCAL YEAR 2025-2026 DISTRICT BUDGET

ESTERO MUNICIPAL IMPROVEMENT DISTRICT
WHEREAS, the District Manager is responsible for preparing and submitting a District budget for the operation and improvements of the community; and WHEREAS, the Board of Directors has reviewed and evaluated the proposed budget submitted by the District Manager; and
WHEREAS, the citizens have had an opportunity to review and make additional suggestions to the Board of Directors.

NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Estero Municipal Improvement District that:

1. The District budget for the 2025-2026 fiscal year ending June 30, 2026 is hereby approved as set forth in the attached Exhibit and incorporated herein.

2. The District Manager is hereby delegated responsibility for the administration of the budget, including transfers between departments, except that any transfers between funds must be approved by the City Council.

3. The District Manager is hereby authorized to make administrative corrections to the adopted budget FY 2025-2026, including but not limited to corrections of typographical errors, formatting, account coding, and other non-substantive revisions that do not change the total appropriations or materially alter the intent of the budget as adopted by the City Council.

4. The District Treasurer shall not certify any encumbrance nor execute any payment in excess of department budget appropriations.
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PASSED AND ADOPTED as a resolution of the Board of Directors of the Estero Municipal Improvement District at the regular meeting held on the 16th day of June, 2025, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
__________________________________

STACY JIMENEZ, PRESIDENT
ATTEST:
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PRISCILLA SCHAUS, DISTRICT SECRETARY

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