Resolution Number SJCPFA 02-06-18-02RESOLUTION NO. SJCPFA 02-06-18 -02
' A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SAN JUAN
CAPISTRANO PUBLIC FINANCING AUTHORITY, ADOPTING THE FISCAL
YEAR 2002-2003 BUDGET AND AUTHORIZING EXPENSES AND
APPROPRIATIONS RELATED THERETO
WHEREAS, the Board of Directors of the San Juan Capistrano Public Financing
Authority held a public meeting to consider a proposed Budget beginning July 1, 2002 and
ending June 30, 2003; and,
WHEREAS, the proposed Fiscal Year 2002-2003 Budget reflects principal and
interest payments due on outstanding debt and other related costs deemed appropriate
by the Board of Directors; and,
WHEREAS, the Board of Directors intends to use the proposed Fiscal Year 2002-
2003 Budget as a guide for allocating the Authorities resources; and,
WHEREAS, the Board of Directors recognizes that the proposed Fiscal Year 2002-
2003 Budget may require adjustments from time to time, and accordingly, the Executive
Director is authorized to execute necessary transfers to carry out the scope of service as
approved.
NOW, THEREFORE, BE IT RESOLVED, that the San Juan Capistrano Public
Financing Authority Board of Directors, does hereby adopt the proposed Fiscal Year 2002-
2003 Operating Budget (Exhibit A) as detailed in the attached schedules and in the Budget
Document entitled "San Juan Capistrano Operating Budget Report Fiscal Year2002-2003"
as summarized below:
Year Ending June 30
2003
Authorized Expenses
$593,204
PASSED, APPROVED, AND ADOPTED this 18TH day of June 2002.
ATTEST:
R, G v
M GARET R. MONAHAN, SECRETARY
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
I, MARGARET R. MONAHAN, appointed Secretary of the San Juan Capistrano Public
Financing Authority, do hereby certify that the foregoing Resolution No. SJCPFA 02-
06-18-02 was duly adopted by the Board of Directors of the San Juan Capistrano Public
Financing Authority at a Regular meeting thereof, held the 18th day of June 2002, by
the following vote:
AYES: DIRECTORS
NOES DIRECTORS
ABSENT: DIRECTORS
Hart, Campbell, Swerdlin, Gelff and
Chairman Bathgate
None
None
R. MONAHAN, Secretary
LI
SAN JUAN CAPISTRANO PUBLIC FINANCING AUTHORITY
DEBT SERVICE FUND BUDGET
FY2002103
The San Juan Capistrano Public Financing Authority was established in 2002 to assist
in the financing and refinancing of capital improvements on behalf of the Capistrano
Valley Water District. Certificates of Participation, "Series 2002" ($8,525, 000) were
issued in March 2002. The proceeds of this issue are earmarked for projected identified
in the District's Domestic Water Master Plan (DWMP). The Debt Service Fund provides
for the receipt of lease payments from the District and the payment of principal and
interest on the outstanding debt.
ACTUAL
PROJECTED
PROPOSED
1
DESCRIPTION
2000/01
2001/02
2002/03
BEGINNING FUND BALANCE
$0
$0
$682,654
PROJECTED REVENUE
Lease Revenue - CVWD
Series "2002" Certificates of Participation
0 60,023 588,704
Interest Income
0 2,800 34,133
Bond Proceeds
0 679,854 0
PROJECTED REVENUE - TOTAL
$0
$742,677
$622,837
AVAILABLE RESOURCES
$0
$742,677
$1,305,490
PROJECTED EXPENDITURES
Certificates of Participation
Principal
0 0 220,000
Interest
0 60,023 368,704
Administration
0 0 4,500
PROJECTED EXPENDITURES - TOTAL
$0
$60,023
$593,204
ENDING FUND BALANCE
$0
$682,654
1 $712,287
EXHIBIT A