Resolution Number SJCPFA 10-06-15-01RESOLUTION NO. SJCPFA 10-06-15-01
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SAN JUAN
CAPISTRANO PUBLIC FINANCING AUTHORITY, ADOPTING THE
FISCAL YEAR 2010/2011 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, 2010,
and ending June 30, 2011; and,
WHEREAS, the proposed Fiscal Year 2010/2011 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
2010/2011 Budget as a guide for allocating the Authorities resources; and,
WHEREAS, the Board of Directors recognizes that the proposed Fiscal Year
2010/2011 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
2010/2011 Operating Budget (Exhibit A) as detailed in the attached schedule and as
summarized below:
Year Ending June 30 Authorized Expenses
2011
$2,903,817
PASSED, APPROVED, AND ADOPTED this 15th day of June, 2010
Z. LONDRES USO, CHAIRMAN
6/15/2010
STATE OF CALIFORNIA }
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
I, MARIA MORRIS, appointed Agency Secretary of the San Juan Capistrano Public
Finance Authority of the City of San Juan Capistrano, do hereby certify that the
foregoing Resolution No. SJCPFA 1006-15-01 was duly adopted by the Board of
Directors of the San Juan Capistrano Public Finance Authority at a regular meeting
thereof, held the 15th day of June 2010 by the following vote:
AYE ! DIRECTORS:
NO r E
D�CTORS:
ARSE / ! DIRECTORS:
RIAj'JIQIffR1,S; Secreta
Nielsen, Allevato, Hribar and Vice -Chair Freese
None
Chairman Uso
2
6/15/2010
San Juan Capistrano Public Financing Authority
DEBT SERVICE FUND
FY 2010/11
Percent
Actual Projected Adopted Change From
Description 2008/09 2009/10 2010/11 Prior Year
PROJECTED REVENUE & OTHER SOURCES
370,000
385,000
4.05%
300,179
Lease Revenue - City of SJC Water Enterprise
271,106
-5.28%
5,971
5,000
Series 2002 Certificates of Participation $
624,176
$ 629,179
622,708
-1.03%
Series 2004 Certificates of Participation
1,352,848
1,355,450
1,348,994
-0.48%
Series 2009 Certificates of Participation
-
551,886
781,402
3,228
Interest Income:
2,500
25.00%
5,156
0.00%
Series 2002 Certificates of Participation
36,483
29,535
.38,398
30.01%
Series 2004 Certificates of Participation
71,450
72,438
7.3,807
1.89%
Series 2009 Certificates of Participation
23
20,548
16,042
-21.93%
Bond Proceeds - Series 2009
1,005,464
0.00%
'�-.�� .� " e., r. 9 �. _ .Y'. Y:em __...a v. S-rf.. t". '"dzX"i itY�:.2:re .; »:...a �e �kJ '"'R��Ftax }, .s iAin•
ESTIMATED EXPENDITURES & OTHER USES
Certificates of Participation, Series 2002:
Principal
Interest
Administration
Amortization of COI
Certificates of Participation, Series 2004:
Principal
Interest
Administration
Amortization of COI
Certificates of Participation, Series 2009:
Principal
Interest
Administration
Amortization of C01
Bond Issuance
CONTRIBUTIONS FROM (TO) RESERVES
$ 360,000 $
370,000
385,000
4.05%
300,179
286,214
271,106
-5.28%
5,971
5,000
5,000
0.00%
-
10,774
10,774
0.00%
480,000
495,000
510,000
3.03%
943,450
927,888
910,301
-1.90%
3,228
2,000
2,500
25.00%
5,156
4,985
4,985
0.00%
255,000
-
616,202
539,944
-12.38%
93
2,000
2,500
25.00%
1,352
-
6,707
-
0.00%
2002 Bond Reserve $ (404) $ $
2004 Bond Reserve (651) -
2009 Bond Reserve (802,087) -
FUND BALANCE, JUNE 30
RESERVES:
Series 2002 Bond Reserve
Series 2004 Bond Reserve
Series 2009 Bond Reserve
$ 3,498,251 $ 3,437,224 $ 3,414,758
698,141 698,141 698,141
1,476,138 1,476,138 1,476,138
802,087 802,087 802,087