Resolution Number SJCPFA 08-06-17-01J
RESOLUTION NO. SJCPFA 08-06-17-01
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SAN JUAN
CAPISTRANO PUBLIC FINANCING AUTHORITY, ADOPTING THE FISCAL
YEAR 2008/2009 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, 2008 and
ending June 30, 2009; and,
WHEREAS, the proposed Fiscal Year 2008/2009 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
2008/2009 Budget as a guide for allocating the Authorities resources; and,
WHEREAS, the Board of Directors recognizes that the proposed Fiscal Year
2008/2009 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
2008/2009 Operating Budget (Exhibit A) as detailed in the attached schedule and as
summarized below:
Year Ending June 30
2009
PASSED, PROVED, AND ADOPTED !
JOE
ATT5T:
n
V&Nk -'—
MARGA R. ONA A ,SECRET Y
Page 1 of 1
Authorized Exaenses
$2,267,667
ay f ne 2008.
TO. CHAIRMAN
06-17-08
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
I, MARGARET R. MONAHAN, appointed City Clerk of the City of San Juan Capistrano, do hereby certify
that the foregoing SJCPFA Resolution No. 08-06-17-01 was duly adopted by the Board of Directors of
San Juan Capistrano at a Regular meeting thereof, held the 17'h day of June 2008, by the following vote:
AYE RECTORS: Allevato, Nielsen, Hribar, Uso and Chairman Soto
NOF
O S: j IRECTORS: None
AB E (RECTORS: None
u
Lease Revenue - City of SJC Water Enterprise
Series 2002 Certificates of Participation
$ 627,388 $
630,647 $
624,281
-1.014
Series 2004 Certificates of Participation
1,261,139
1,348,575
1,350,281
0.13'.
Series 2008 Certificates of Participation
325,129
313,054
160,779
-4.1144
Interest Income:
2,500
2,500
2,500
0.004
Series 2002 Certificates of Participation
38,278
34,907
38,398
10.004
Series 2004 Certificates of Participation
75,213
78,169
78,169
0.004
Bond Proceeds - Series 2008
455,000
465,000
643,118
3.230A
Certificates of Participation, Series 2002:
Principal
$ 340,000 $
350,000
360,000
2.86%
Interest
325,129
313,054
300,179
-4.1144
Administration
2,500
2,500
2,500
0.0094
Amortization of COI
10,774
10,774
0.00%
Certificates of Participation, Series 2004:
Principal
455,000
465,000
480,000
3.230A
Interest
968,257
956,744
943,450
-1.39%
Administration
3,583
5,000
5,000
0.00%
Bond Issuance
-
0.00%
Amortization of COI
5,156
4,985
4,985
0.00%
Certificates of Participation, Series 2008:
Principal
0.00%
Interest
160,779
**
Administration
0.00%
Bond Issuance
0.00%
Amortization of COI
0.00%
2002 BOND RESERVE
2004 BOND RESERVE
2008 BOND RESERVE
$ (10,774)
)643,118)
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 1643,1181
FUND 13A L1q AICE, JUNE 30 267,254 251,495 235,736
EXHIBIT A