Resolution Number SJCPFA 11-06-30-01RESOLUTION NO. SJCPFA 11-06-30-01
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SAN JUAN
CAPISTRANO PUBLIC FINANCING AUTHORITY, ADOPTING THE
FISCAL YEAR 2011/2012 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, 2011
and ending June 30, 2012; and,
WHEREAS, the proposed Fiscal Year 2011/2012 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
2011/2012 Budget as a guide for allocating the Authorities resources; and,
WHEREAS, the Board of Directors recognizes that the proposed Fiscal Year
2011/2012 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
2011/2012 Operating Budget (Exhibit A) as detailed in the attached schedule and as
summarized below:
Year Ending June 30 Authorized Expenses
2012
$2,911,243
1 6130111
STATE OF CALIFORNIA }
COUNTY OF ORANGE
CITY OF SAN JUAN CAPISTRANO }
I, MARIA MORRIS, appointed Secretary of the San Juan Capistrano Public Financing Authority
of the City of San Juan Capistrano, do hereby certify that the foregoing Resolution No.
SJCPFA 11-06-30-01 was duly adopted by the Board of Directors of San Juan Capistrano
Public Financing Authority at a Special meeting thereof, held the 30th day of June, 2011 by the
following vote:
AYES: f DIRECTORS: Freese, Reeve, Taylor, Kramer and Chairman Allevato
NOES% DIRECTORS: None
ABSEN '1 DIRECTORS: None
MAR
2 6/30/11
San Juan Capistrano Public Financing Authority
DEBT SERVICE FUND
2004 Bond Reserve
1
FY 2011./12
2009 Band Reserve
22
_
NET CHANGE IN AVAILABLE FUND BALANCE
$ (47,220) $
(22,466) $
Percent
B{EG'iil MING FUND BAI.A�ICE-AVAILABLE
Actual
Projected
Adopted
Change From
Description
2009/10
2010/11
2011/12
Prior Year
3,428,542 $
3,406,076
RESERVES:
PROJECTED REVENUE & OTHER SOURCES
Series 2002 Bond Reserve
698,141
698,141
Lease Revenue - City of SJC Water Enterprise
Series 2004 Bond Reserve
1.,476,137
1,476,137
1,476,137
Series 2002 Certificates of Participation
$ 619,640 $
622,708 $
621,566
-0.18%
Series 2004 Certificates of Participation
1,351,239
1,348,994
1,355,462
0.48%
Series 2009 Certificates of Participation
616,181
781,402
783,502
0.27%
Interest Income:
Series 2042 Certificates of Participation
36,372
38,398
38,398
0.00%
Series 2004 Certificates of Participation
71,252
73,807
73,807
0,00%
Series 2009 Certificates of Participation
16,042
16,042
0.00°!
Bond Proceeds - Series 2009
0.00%
fS'i'iiV1ATED kV
$
2,888,777
ESTIMATED EXPENDITURES & OTHER USES
Certificates of Participation, Series 2002:
Principal
$ 370,000
385,004
404,400
3.90%
Interest
286,214
271,106
254,964
-595%
Administration
3,350
5,000
5,000
0.00%
Amortization of COI
21,549
10,774
10,774
0.00%
Certificates of Participation, Series 2004:
Principal
495,404
510,000
530,000
3.92%
Interest
927,888
910,301
891,769
-2.04%
Administration
6,458
21500
7,500
204.00%
Amortization of C01
5,156
4,985
4,985
0.00%
Certificates of Participation, Series 2009:
Principal
-
255,000
265,000
3.92%
Interest
616,202
539,944
529,544
-1.93'x'4
Administration
3,403
2,504
5,000
104.40%
Amortization of COI
6,707
6,747
6,707
0,00%
Bond Issuance Costs
-
-
-
0.00%
�.ESTIMAIi3 Ekp.EN fit.. ARES-TOTA
$ :,2,7.41;§17.' $
iqdsi,917.i
4.911;243
CONTRIBUTIONS FROM (TO) RESERVES
2002 Bond Reserve
2004 Bond Reserve
1
2009 Band Reserve
22
_
NET CHANGE IN AVAILABLE FUND BALANCE
$ (47,220) $
(22,466) $
(22,466)
B{EG'iil MING FUND BAI.A�ICE-AVAILABLE
521,885
474,665
452,199
FUND BALANCE, JUNE 30
$ 3,451,008 $
3,428,542 $
3,406,076
RESERVES:
Series 2002 Bond Reserve
698,141
698,141
698,141
Series 2004 Bond Reserve
1.,476,137
1,476,137
1,476,137
Series 2009 Bund Reserve
802,065
802,065
802,065
EXHIBIT A