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RSA RESOLUTION NO._____
A RESOLUTION OF THE RIALTO SUCCESSOR AGENCY
BOARD OF THE CITY OF RIALTO, CALIFORNIA, ADOPTING
THE FISCAL YEAR 2024/2025 BUDGET
WHEREAS, the proposed budget for fiscal year 2024/2025 of the Rialto Successor Agency (RSA) has been submitted to this Authority Board, and said budget has been considered and, is in form and substance satisfactory to this Authority Board; and WHEREAS, the Authority may not exceed its appropriations by character of expense, with character of expense being defined as personnel services, services and supplies, capital outlay, debt service and transfers, without the consent of the Authority Board; and WHEREAS, the Executive Director may transfer appropriations, between departments and within their respective funds, as long as those appropriations do not exceed their fund total unless approved by the Authority Board; and
WHEREAS, the Executive Director is authorized to make changes to the Adopted Budget only to accommodate actual fund balance as determined at year end and any technical balancing adjustments to appropriations, revenue, and available reserves; and WHEREAS, the Authority may not hire in excess of the approved number of positions in job classification as indicated by the budget detail without the consent of the Authority Board; and WHEREAS, it is the intent to ensure that maximum efficiency and savings are realized within the Authority, all personnel additions including temporary staffing, shall require approval by the Executive Director; and
WHEREAS, the inter-fund borrowings arising from deficit spending in any fund shall require Authority Board action to provide for appropriate repayment terms and conditions; and
NOW, THEREFORE, THE RIALTO SUCCESSOR AGENCY BOARD OF THE CITY OF RIALTO DOES HEREBY FIND, DETERMINE, AND RESOLVE AS FOLLOWS:
Section 1: That the budget for the Rialto Successor Agency for the fiscal year 2024/2025 is hereby approved and adopted in the form on file with the City Clerk.
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Section 2: That specific appropriations for each fund and each operating department are hereby made as set forth in the budget for fiscal year 2024/2025, which are incorporated herein by this reference.
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WHEREFORE, this RSA Resolution is passed, approved and adopted this ____ day of ___________, 2024.
_______________________________
DEBORAH ROBERTSON, RSA President
ATTEST:
______________________________
BARBARA McGEE, RSA Secretary
APPROVED AS TO FORM:
______________________________
ERIC VAIL, RSA Attorney
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STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO ) ss
CITY OF RIALTO )
I, Barbara McGee, Secretary of the Authority of the City of Rialto, do hereby certify that the foregoing Resolution No._____ was duly passed and adopted at a regular meeting of the Rialto Successor Agency of the City of Rialto held on the ______ day of ____________, 2024.
Upon motion of Board Member ____________, seconded by Board Member _______________, the foregoing RSA Resolution No. _______ was duly passed and adopted.
Vote on the motion:
AYES:
NOES:
ABSENT:
IN WITNESS WHEREOF, I have hereunto set my hand and the Official Seal of the Rialto Successor Agency of the City of Rialto this _____ day of _________________, 2024.
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BARBARA McGEE, RSA Secretary