Attachment F
Resolution No.
CHAS 26-002 Establishing
and Adopting the Annual
Budget for Fiscal Year 2026-
2027 for the City as Housing
Asset Successor
RESOLUTION NO. CHAS-26-002
A RESOLUTION OF THE CITY AS HOUSING ASSETS SUCCESSOR
(CHAS) ESTABLISHING AND ADOPTING THE ANNUAL HOUSING
ASSET SUCCESSOR BUDGET FOR FISCAL YEAR 202 6-2027 AND
SUPERSEDING RESOLUTION NO. CHAS -25-002 AND SUBSEQUENT
AMENDMENTS
WHEREAS, the City Manager on behalf of the City as the Housing Asset Successor to the Victorville Redevelopment Agency did heretofore submit to the City Council an estimate of the expenses and revenues of the City as the Housing Asset Successor to the Victorville Redevelopment Agency, together with a proposed budget for the fiscal year 2026-2027; and
WHEREAS, the City incurs central service costs, such as expenses for administrative, financial, and other central services, which are provided to other departments and not directly to the general public; and
WHEREAS, the City has prepared a cost allocation plan pursuant to Title 2 CFR (formerly known as OMB Circular A-87) in order to recover said costs which are included in the proposed budget for fiscal year 2026-2027; and
WHEREAS, the City Council did fix June 2 , 2026, at the hour of 6:00 p.m., in the Council Chambers of City Hall, 14343 Civic Drive, Victorville, California, as the time and place for holding a Public Hearing upon said budget; and
WHEREAS, the City Council did hold such Public Hearing at said place upon said budget and all persons desiring to be heard by the City Council at said Public Hearing on the budget were heard and the City Council, after due consideration, has determined that said budget should be approved.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF VICTORVILLE DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. That the annual budget for the fiscal year 2026- 2027 now in the hands of the City Clerk, is hereby adopted in the amount of $1,057,681.00 for the City as the Housing Asset Successor to the Victorville Redevelopment Agency.
SECTION 2. That copies of such annual budget, certified by the City Clerk, shall be filed with the auditors of the City of Victorville and in the office of the City Clerk for public inspection and certified copies thereof shall be made available for use by City departments, offices, and subsidiary districts of the City.