Updated Resolution - 12/12/2023REDEVELOPMENT AGENCY OF SALT LAKE CITY
RESOLUTION NO -----
First Budget Amendment for Fiscal Year 2023-2024
RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY
OF SALT LAKE CITY AMENDING THE FINAL BUDGET OF THE RDA FOR FISCAL
YEAR 2023-2024.
WHEREAS, on June 13, 2023, the Redevelopment Agency (RDA) Board of Directors
(Board)adopted the final budget of the RDA, effective for the fiscal year beginning July 1, 2023,
and ending June 30, 2024, in accordance with the requirements of Section 17C-1-601.5 of the Utah
Code.
WHEREAS, on May 2, 2023, the Board approved a resolution adopting the tentative final
budget, while reserving consideration of other proposed amendments until a later date.
WHEREAS, all conditions precedent to amend the RDA's final annual budget have been
accomplished.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the
Redevelopment Agency of Salt Lake City:
1. Purpose. The purpose of this resolution is to amend the final annual budget of the
RDA, as approved, ratified and finalized by the Board on June 13, 2023.
2. Adoption of Amendments. The budget amendments shown on Exhibit A as "Board
Approved" are hereby adopted and incorporated into the annual budget of the RDA.
3. Filing of copies of the Budget Amendments. The Salt Lake City Finance
Department, on behalf of the RDA, is authorized and directed to certify and file a copy of said
budget amendments in the office of the Finance Department, the RDA, and the office of the City
Recorder, which amendments shall be available for public inspection.
Passed by the Board of Directors of the Redevelopment Agency of Salt Lake City, Utah,
this ____ day of _____ � 2023, to be effective upon adoption.
Alejandro Puy, Chair
Approved as to form:-���-�----------Salt Lake City Attorney's Office
Allison Parks
1
14th November
15
2
The Executive Director:
does not request reconsideration
requests reconsideration at the next regular Agency meeting.
Erin Mendenhall, Executive Director
Attest:
City Recorder
3
EXHIBIT A TO RESOLUTION
Attach Board’s Final Approved Budget Amendment]
Initiative Number/Name Project Area Revenue Amount
Expenditure
Amount
Revenue
Amount
Expenditure
Amount
Ongoing or One-
time FTEs
1 RDA Housing Funds Transfer to Misc Grants Housing Dev Fund (6,476,014.00) (6,476,014.00) (6,476,014.00) (6,476,014.00) One-time -
-
Total of Budget Amendment Items (6,476,014.00) (6,476,014.00) (6,476,014.00) (6,476,014.00)
Total by Fund, Budget Amendment #1:
Redevelopment Agency RDA (6,476,014.00) (6,476,014.00) (6,476,014.00) (6,476,014.00) -
Total of Budget Amendment Items (6,476,014.00) (6,476,014.00) (6,476,014.00) (6,476,014.00) -
Fiscal Year 2023-24 RDA Budget Amendment #1
Section G: Board Consent Agenda -- Grant Awards
Section I: Board Added Items
Section A: New Items
Section B: Grants for Existing Staff Resources
Section C: Grants for New Staff Resources
Section D: Housekeeping
Section E: Grants Requiring No New Staff Resources
Section F: Donations
Board ApprovedAdministration Proposed
1
Initiative Number/Name Project Area Revenue Amount
Expenditure
Amount
Revenue
Amount
Expenditure
Amount
Ongoing or One-
time FTEs
Fiscal Year 2023-24 RDA Budget Amendment #1
Board ApprovedAdministration Proposed
Current Year Budget Summary, provided for information only
FY 2023-24 Budget, Including Budget Amendments
Total Revenue RDA BA #1 Total Total To-Date
Redevelopment Agency 80,803,841 (6,476,014) - 74,327,827
Total of Budget Amendment Items 80,803,841 (6,476,014) - 74,327,827
Total Expense RDA BA #1 Total Total To-Date
Redevelopment Agency 80,803,841 (6,476,014) 74,327,827
Total of Budget Amendment Items 80,803,841 (6,476,014) 74,327,827
Certification
Budget Manager
Deputy Director, City Council/RDA Board
Contingent Appropriation and Notes
2