Resolution No. SA 25-01
STATE OF CALIFORNIA) RESOLUTION NO. SA 25-01
COUNTY OF RIVERSIDE) ss
CITY OF SAN JACINTO)
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF SAN
JACINTO, CALIFORNIA, ADOPTING THE BUDGET FOR
FISCAL YEAR 2025-2026
WHEREAS, the Successor Agency to the Redevelopment Agency of the City of San Jacinto wishes to adopt a budget for the subsequent fiscal year for estimated revenues and estimated expenditures; and
WHEREAS, Staff has presented an operating and capital budget containing the Funds necessary to meet the needs of winding down the activities of the Redevelopment Agency of the City of San Jacinto; and
WHEREAS, the Board has thoroughly examined and analyzed the proposed budget in order to meet the needs of winding the activities of the Redevelopment Agency of the City of San Jacinto; and
WHEREAS, the Successor Agency to the Redevelopment Agency of the City of San Jacinto operates on a fiscal year beginning July 1st of each year; NOW, THEREFORE, BE IT RESOLVED by the Board of the Successor Agency to the Redevelopment Agency of the City of San Jacinto (SA) as follows:
Section 1. The budget for Fiscal Year 2025-2026, a copy of which is on file in the City Clerk’s office, is hereby adopted with projected beginning (combined) SA fund balances of $528,141, total expenditures of $608,869, including total capital expenditures of $0, to be funded by revenues of $635,878. (Reference “Exhibit A”) Section 2. City Manager is hereby authorized to make budget adjustments to the adopted budget to reallocate appropriations between departmental activities and between SA Funds. Only the Agency Board, by motion and affirmative majority vote, by minute action or resolution, may increase or decrease total SA revenues and total expenditures in the FY 2025-2026 Adopted SA Budget.
Section 3. All funds are authorized as presented in the budget document.
Section 4. General Fund administrative overhead consisting of City Council, City Manager, City Clerk, City Attorney, Human Resources, Finance, and Non-departmental services is not to be allocated to SA funds.
Section 5. Internal Service Funds for information technology, general liability, worker’s compensation and unemployment insurance are not to be allocated to SA funds.
Resolution No. SA 25-01
Section 6. Continuing appropriations are authorized for all unexpended and unencumbered Capital Project funds from all previous fiscal years as presented in the Construction in Progress (CIP) Schedule of the budget. The estimated carryover of unexpended, unencumbered SA projects is estimated for June 30, 2025, at $0.
APPROVED, SIGNED, and ADOPTED this 17th day of June 2025 by the following vote:
AYES:
NAYS:
ABSENT:
ABSTAIN:
Successor Agency to the Redevelopment
Agency of the City of San Jacinto:
By: _____________________________
Valerie Vandever, Chairperson
ATTEST:
___________________________________
Julia Espinoza, Agency Secretary
APPROVED AS TO FORM:
___________________________________
City Attorney, City of San Jacinto
Best, Best & Krieger, LLP
Resolution No. SA 25-01
CERTIFICATION
STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE) SS
CITY OF SAN JACINTO)
I, Julia Espinoza, City Clerk of the City of San Jacinto, DO HEREBY CERTIFY that the foregoing Resolution No. SA 25-01 was passed, approved, and adopted by the Regular Meeting of the San Jacinto City Council held on the 17th day of June 2025, by the following vote:
AYES:
NAYS:
ABSTAIN:
ABSENT:
WITNESS MY HAND AND OFFICIAL SEAL this 17th day of June 2025 _____________________________
Julia Espinoza, City Clerk