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State of CaliFarnia—The Resources Agency Memorandum To The Conservancy The Advisory Committee From J eph T. Edmiston, FAICP, Hon. Asia►, Executive Director SANTA MONICA MOUNTAINS CONSERVANCY Los Angeles River Center and Gardens 570 West Avenue Twenty -Six Los Angeles, California 90065 (323) 221.8909 Date: June 1, 2009 subject: Agenda Item 15: Consideration of resolution approving the Mountains Recreation and Conservation Authority Preliminary Budget, Fiscal Year 2009110. Staff Recommendation: That the Conservancy adopt the attached resolution authorizing the Mountains Recreation and Conservation Authority Preliminary Budget FY 200912010. Legislative Authority: Section 6500 et. seq- of the Government Code, and MBCA Joint Exercise of Powers Agreement, Section 11.3: "...The Authority shall prepare an annual budget, in a form approved by the Conservancy and the Districts, which budget shall be submitted to the Conservancy and the Districts for approval, in the time and manner as specified by the Conservancy and the Districts ..." Background:_The Conservancy is required to approve the Mountains Recreation and Conservation Authority (MRCA) annual budget per Section 1.1.3 of the MRCA Joint Exercise of Powers Agreement. The preliminary budget is described herein and further detailed in two attachments: (1) Preliminary Official Budget by Account Class Category, (2) Preliminary Management Budget by Account Group. Each project is budgeted separately, and the total MRCA budget is a compilation of those project budgets. Due to the State fiscal crisis, the MRCA is continuing to evaluate the amount and likelihood of certain grants from the Conservancy to the MRCA. As a result, information provided in prior years - the Management Budget by Project, which details the amount of revenue and expenses by project - is not included at this time. MRCA staff will continue to work with staff of the Conservancy and expects to have a detailed list of projects available for adoption at the Final budget presentation in August. It should be noted that the MRCA only expends funds on those projects that are adopted according the Workplan approved by the MRCA Board of Directors. The preliminary FY 2009-10 budget was prepared using information available in grant and contract files, current and prior year actual revenue receipts and expenditures, information regarding future project funding, and the current workprogram.