Resolution Number SJCPFA 07-06-19-01RESOLUTION NO. SJCPFA 07-06-19-01
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SAN JUAN
CAPISTRANO PUBLIC FINANCING AUTHORITY, ADOPTING THE FISCAL
YEAR 2007/2008 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, 2007 and
ending June 30, 2008; and,
WHEREAS, the proposed Fiscal Year 2007/2008 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
2007/2008 Budget as a guide for allocating the Authorities resources; and,
WHEREAS, the Board of Directors recognizes that the proposed Fiscal Year
2007/2008 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
2007/2008 Operating Budget (Exhibit A) as detailed in the attached schedule and as
summarized below:
Year Ending June 30 Authorized Expenses
M
$2,268,836
PASSED, APPROVED, AND ADOPTED this 19"' day of June 2007.
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
I, MARGARET R. MONAHAN, appointed Agency Secretary of the San Juan Capistrano
Public Finance Authority, do hereby certify that the foregoing Resolution No. SJCPFA
07-06-19-01 was duly adopted by the Board of Directors of the San Juan Capistrano
Public Finance Authority at a regular meeting thereof, held the 19th day of June 2007 by
the following vote:
AYES: IR CTORS: Soto, Hribar, Uso, Nielsen and Chairman Allevato
NOE IR CTORS: None
ABSENT: ECTORS: None
Lease Revenue - City of SJC Water Enterprise:
Series 2002 Certificates of Participation
Series 2004 Certificates of Participation
Series 2008 Certificates of Participation
Interest Income:
Series 2002 Certificates of Participation
Series 2004 Certificates of Participation
Bond Proceeds - Series 2008
Certificates of Participation, Series 2002:
Principal
Interest
Administration
Amortization of COI
Certificates of Participation, Series 2004:
Principal
Interest
Administration
Bond Issuance
Amortization of COI
Certificates of Participation, Series 1008:
Principal
Interest
Administration
Bond Issuance
Amortization of COI
COKA%BUAOMFROM t7O/ RESERWS
2002 BOND RESERVE
2004 BOND RESERVE
2008 BOND RESERVE
$ 637,135 S
1,221,131
37,591
74,140
330,000 $
336,853
1,800
10,774
245,000
976,131
3,109
5,154
(18,287) $
(73,761)
630,237 $
630,647
0.0794
1,353,776
1,348,575
-0.38%
-
160,779
0.00%
37,392
34,907
-6.65%
74,481
78,169
4.950A
-
643,118
•`
340,000
325,129
2,500
10,774
455,000
968,257
5,000
4,985
350,000
313,054
2,500
10,774
465,000
956,744
5,000
4,985
0
160,779
(643,1 18)
o r
RESERVES:
Series 2002 Bond Reserve (698,141) (698,141) (698,141)
Series 2004 Bond Reserve (1,563,382) (1,563,382) (1,563,382)
Series 2008 Bond Reserve - - (643,1 18)
i
2.9
-3.7
EXHIBIT A