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HomeMy WebLinkAbout11-026 - Resolutions RESOLUTION NO. FD 11-026 RESOLUTION OF THE BOARD OF DIRECTORS OF THE RANCHO CUCAMONGA FIRE PROTECTION DISTRICT, SAN BERNARDINO COUNTY, CALIFORNIA COMMITTING TO THE LEVEL OF FISCAL RESERVES FOR RANCHO CUCAMONGA FIRE PROTECTION DISTRICT WHEREAS, the Rancho Cucamonga Fire Protection District Board desires to protect existing services, and; WHEREAS, the Rancho Cucamonga Fire Protection District Board desires to be prepared for emergencies, and; WHEREAS, the Rancho Cucamonga Fire Protection District Board desires to maintain good fiscal management and fiscal structure to operate a municipal corporation; NOW, THEREFORE, the Board of Directors of the Rancho Cucamonga Fire Protection District, San Bernardino, California does hereby resolve on this 15th day of June 2011 that the level of fiscal reserves maintained by the Rancho Cucamonga Fire Protection District as of fiscal year end are committed to the following goals. The funding goal of the Working Capital reserve is committed to a level of 10% of the Fire District operating budget for the upcoming fiscal year; and BE IT FURTHER RESOLVED, the Employee Leave Payouts reserve is committed for employee leave payouts as valued in accordance with the City's labor contracts as of the last day of the fiscal year; and BE IT FURTHER RESOLVED, the PERS Rate Stabilization reserve is committed to offset projected rate increases identified in the annual CalPERS actuarial valuation for the two fiscal years after the year of financial reporting; and BE IT FURTHER RESOLVED, the Dispatch System Acquisition reserve is committed to JPA membership for the District's current dispatch system; and BE IT FURTHER RESOLVED, the Capital Facilities Repair reserve is committed for repair of fire safety facilities resulting from unanticipated events; and BE IT FURTHER RESOLVED, the Vehicle and Equipment Replacement reserve is committed for the replacement of fire safety vehicles and equipment as determined based on the District's replacement criteria. Please see the following page for formal adoption,certification and signatures PASSED, APPROVED, AND ADOPTED this 15`" day of June 2011. AYES: Alexander, Buquet, Michael, Spagnolo, Williams NOES: None ABSENT: None ABSTAINED: None L.tre6nis ichael, President ATTEST: r nice C. Reynolds, S retary I, JANICE C. REYNOLDS, SECRETARY of the Rancho Cucamonga Fire Protection District, do hereby certify that the foregoing Resolution was duly passed, approved, and adopted by the Board of Directors of the Rancho Cucamonga Fire Protection District, at a Regular Meeting of said Board held on the 15th day of June 2011. Executed this 16'" day of June 2011 at Rancho Cucamonga, California. nice C. Reynolds, Seogretary Resolution No. FD 11-026 - Page 2 of 2