Title
Acting as the Board of Directors of the Successor Housing Agency to the Redevelopment Agency of the County of Monterey:
Consider adopting a resolution to approve the Fiscal Year 2017-18 Budget for the Successor Housing Agency to the Redevelopment Agency of the County of Monterey.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors acting as the Board of Directors of the Successor Housing Agency to the Redevelopment Agency of the County of Monterey consider adopting a resolution to approve the Fiscal Year (FY) 2017-18 Budget for the Successor Housing Agency to the Redevelopment Agency of the County of Monterey.
SUMMARY/DISCUSSION:
The County Administrative Office recommends that the Board of Supervisors (Board) approve and adopt the FY 2017-18 Budget for the Successor Housing Agency to the Redevelopment Agency of the County of Monterey. This budget is unchanged from the FY 2017-18 Recommended Budget as presented and received by the Board during Budget Hearings on June 6, 2017. The FY 2017-18 Budget for the Successor Housing Agency to the Redevelopment Agency of the County of Monterey includes $867,700 in total appropriations, offset by estimated revenue of $215,300 and $652,400 in unreserved fund balance.
OTHER AGENCY INVOLVEMENT:
The County Administrative Office prepared the Successor Housing Agency to the Redevelopment Agency of the County of Monterey FY 2017-18 Adopted Budget resolution reflecting Board approval of the FY 2017-18 Recommended Budget as presented on June 6, 2017.
FINANCING:
The Successor Housing Agency to the Redevelopment Agency of the County of Monterey FY 2017-18 Adopted Budget Resolution reflecting Board approval by reference of the FY 2017-18 Recommended Budget as presented on June 6, 2017 represents a balanced budget and meets all requirements for adoption.
BOARD OF SUPERVISORS STRATEGIC INITIATIVES:
The recommendation to approve the Successor Housing Agency to the Redevelopment Agency of the County of Mont...
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