RESOLUTION NO. 2025-02
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH
APPROVING THE SUCCESSOR AGENCY ADMINISTRATIVE BUDGET
FOR THE PERIOD JULY 1, 2025 THROUGH JUNE 30, 2026
WHEREAS, California Health and Safety Code section 34177() requires that the Successor Agency to the Redevelopment Agency of the City of Huntington Beach ("Successor Agency") prepare an administrative budget for each annual fiscal period; and A draft administrative budget for the fiscal period of July 1, 2025 through June 30, 2026 ("Administrative Budget") is attached hereto as Exhibit A; and California Health and Safety Code section 34177(k) requires the Successor Agency to provide to the County Auditor-Controller administrative cost estimates for expenses from the administrative budget that are to be paid from property tax revenues deposited in the Redevelopment Property Tax Trust Fund for each annual fiscal period; and All of the prerequisites with respect to the approval of this Resolution have been met.
NOW, THEREFORE, the Successor Agency to the Redevelopment Agency of the City of Huntington Beach does hereby resolve as follows:
1. The Successor Agency hereby finds and determines that the foregoing recitals are true and correct.
2. The Administrative Budget attached hereto as Exhibit A is hereby approved.
The Successor Agency staff is directed to: (i) provide the required cost estimates for expenses to the County Auditor-Controller; and (i) to do any and all things and to execute and deliver any and all documents which may be necessary or advisable in order to effectuate the purposes of this Resolution.
The Successor Agency does not intend, by adoption of this Resolution, to waive any constitutional, legal and/or equitable rights of the Successor Agency or the City of Huntington Beach under law and/or in equity by virtue of the adoption of this Resolution and actions approved and taken pursuant to this Resolution and, therefore, reserves all such rights of the Successor Agency and the City of Huntington Beach under law and/or in equity. 24-15770/364202
RESOLUTION NO. 2025-02
PASSED AND ADOPTED by the Successor Agency to the Redevelopment Agency of the City of Huntington Beach at a regular meeting thereof held on the day of January, 2025.
Chairperson
REVIEWED AND APPROVED:
Reive Director
APPROVED AS TO FORM:
eneral Legal Counsel
24-15770/364202 2
RESOLUTION NO. 2025-02
EXHIBIT A
ADMINISTRATIVE BUDGET FOR THE PERIOD
JULY 1, 2025 THROUGH JUNE 30, 2026
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24-15770/364202
City of Huntington Beach
FY 2025/26
Administrative Allowance Budget
Fiscat Year. % of Time
2025/2026 Successor. SA Spent on SA
Costs Hourly Rate Agency Hours Administration Issues
Direct Personnel Costs Department
City Manager/Executive Director City Manager $ 465,114 $ 223.61 21 $ 4,651 1.00% Assistant City Manager City Manager 428,777 206.14 21 4,288 1.00% City Council/Successor Agency Board Members City Council 94,760 45.56 4 190 0.20% City Clerk/Board Clerk City Clerk 228,099 109.66 4 456 0.20% Assistant City Clerk City Clerk 147,828 71.07 4 296 0.20% City Attorney City Attorney 453,999 218.27 20 4,365 0.96% Chief Assistant City Attorney City Attorney 326,838 157.13 20 3,143 0.96% City Treasurer Finance 184,874 88.88 36 3,200 1.73%
Chief Financial Officer Finance 322,921 155.25 125 19,375 6.00% Assistant Chief Financial Officer Finance 269,565 129.60 30 3,888 1.44% Finance Manager Treasury Finance 189,009 90.87 60 5,452 2.88% Finance Manager Accounting Finance 213,823 102.80 120 12,336 5.77% Principal Finance Analyst Finance 184,609 88.75 144 12,781 6.92% Senior Accountant Finance 143,882 69.17 120 8,301 5.77% Accounting Technician Finance 91,382 43.93 21 914 1.00% Payroll Specialist Finance 125,774 60.47 120 7,256 5.77% Community Development Director Community Development 189,152 90.94 104 9,458 5.00% Deputy Director of Community Development Community Development 274,559 132.00 146 19,219 7.00% Economic Development Project Manager Economic Development 174,184 83.74 120 10,049 5.77% Total Direct Personnel Costs 129,617
Indirect Costs (applied at.5% of total cost)
General Liability Insurance 14,558,195 72,791
Workers Compensation Insurance 11,868,717 59,344
Facilities Maintenance and Utilities 10.052,709 50,264
Computer Maintenance 4,230,465 21,152
General and Office Supplies 3,315,760 16,579
Legal - City Attorney 4,252,769 21,264
Human Resources 2,864,232 14,321
Information Services 8,450,864 27,122
Total Indirect Cost 282,837
Total Successor Agency Admin Allowance Cost 412,453
Total Successor Agency FY 2024/25 Proposed Admin Budget $ 250,000