Attachment 6
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CITY OF MOUNTAIN VIEW
SHORELINE REGIONAL PARK COMMUNITY
RESOLUTION NO.
SERIES 2024
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SHORELINE REGIONAL PARK COMMUNITY 1) ADOPTING THE FISCAL YEAR 2024-25 SHORELINE REGIONAL PARK COMMUNITY BUDGET; 2) APPROPRIATING FUNDS TO COVER EXPENDITURES APPROVED BY SAID BUDGET; AND 3) AUTHORIZING THE TREASURER TO ADJUST APPROPRIATIONS AS NEEDED
TO MAKE PAYMENTS IN ACCORDANCE WITH THE TAX-SHARING AGREEMENT WITH SANTA
CLARA COUNTY AND THE EDUCATION ENHANCEMENT RESERVE JOINT POWERS AGREEMENT,
TO ALIGN APPROPRIATIONS WITH ACTUAL REVENUES EARNED AND RECEIVED AS SPECIFICALLY
SET FORTH HEREIN, AND TO DETERMINE FINAL BUDGET AMOUNTS BASED ON BOARD
DIRECTION
WHEREAS, the Shoreline Regional Park Community (Shoreline Community) Board of Directors (Board) held a duly noticed Study Session on April 9, 2024 and held duly noticed public hearings on June 11 and June 25, 2024 and heard all persons wishing to be heard regarding said Fiscal Year 2024-25 Recommended Budget (Recommended Budget). The Board considered these comments and deliberated the Shoreline Community Manager’s Recommended Budget; now, therefore, be it
RESOLVED: that the Fiscal Year 2024-25 Recommended Budget for the Shoreline Regional Park Community in the amount of $ 42,508,419, on file in the Secretary’s Office plus any amendments approved by the Board on June 25, 2024, is hereby adopted as the Fiscal Year 2024- 25 budget of this agency; and be it
FURTHER RESOLVED: that the Board appropriate s funding for the Fiscal Year 20 24-25 Capital Improvement Projects ( “Capital Projects”) identified in the Adopted Fiscal Year 2024 -25 Capital Improvement Program on file in the Secretary’s Office in the amount of $ 17,466,000 or in the amount as amended by the Board on June 25, 2024; and be it
FURTHER RESOLVED: that the Board has included appropriations sufficient to meet all of its debt service obligations; and be it
FURTHER RESOLVED: that except for continuing appropriations for Capital Projects not yet completed, grant and donation funding, legal matters , and other expenditures lawfully encumbered or accrued, in the Fiscal Year 2024 -25 Budget shall lapse at the end of Fiscal Year 2024-25; and be it
FURTHER RESOLVED: that appropriations as needed to pay all CalPERS invoices are hereby authorized; and be it
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FURTHER RESOLVED: that the Treasurer is hereby authorized to adjust appropriations as necessary for payments to Santa Clara County (County) in accordance with the property -tax- sharing agreement between the Shoreline Community and the County; and be it
FURTHER RESOLVED: that the Treasurer is hereby authorized to adjust appropriations as necessary for payments to the Mountain View Whisman School District and the Mountain View Los Altos Union High School District (School Districts) in accordance wit h the Joint Powers Agreement between the Shoreline Community and the School Districts; and be it
FURTHER RESOLVED: that the Treasurer is hereby authorized to adjust (increase or decrease) appropriations up to the amounts authorized under Council Policy A -10 for professional or specialized agreements in the Capital Project Funds based on the actual miscellaneous revenue, donations, and reimbursements received; and be it
FURTHER RESOLVED: that the Treasurer is hereby authorized to reduce the appropriations in the Capital Project Funds based on the actual revenue received; and be it
FURTHER RESOLVED: that the Treasurer is hereby authorized to adjust appropriations for reimbursement received up to the amounts authorized under Council Policy A-10 for professional or specialized agreements when reimbursements have been received to offset expenditures that were not anticipated or budgeted; and be it
FURTHER RESOLVED: that the Treasurer is hereby authori zed to make adjustments and corrections to the final budget (including Capital Projects) for reasons such as: (a) amendments adopted by the Board; (b) final employee compensation and benefit costs , including final employee compensation packages; (c) adjustments between funds and departments for internal service charges, administrative overhead reimbursements, and retirees’ health and CalPERS contributions; and (d) other corrections as necessary; and be it
FURTHER RESOLVED: that the Treasurer is hereby authorized to determine the budgeted amounts for implementation of the decisions made at the public hearings and will report the final Adopted Budget and any reconciling changes in the compilation of the budget to the Board by an informational memorandum and will file said final Adopted Budget with the Secretary.
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GZ/6/RESO
541-06-25-24r-3