HomeMy WebLinkAboutMINUTES - 08072001 - C.130 TO: BOARD OF SUPERVISORS Contra
FROM: Dennis M. Barry, AICP
Community Development Director Costa
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County
DATE: July 10, 2001 STq- i
SUBJECT: ESTABLISHMENT OF NEW TRUST FUND
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
Approve and authorize a request to establish a Trust Fund for Security Deposits submitted to
the Community Development Department.
FISCAL IMPACT:
None
BACKGROUND / REASON FOR RECOMMENDATION:
The purpose of the Trust Fund is to hold money that belongs to individuals, private
organizations and other agencies. The Community Development Department receives
security deposits to assure the financing and/or implementation of various Conditions of
Approval on Land Use projects; if applicants do not complete the required Conditions of
Approval, the department utilizes these funds to cover the costs incurred by the department in
having the work completed. Where applicant completes the required Conditions of Approval
at their own expense, the security deposit is returned to the applicant. When warranted, the
department may require additional deposits to ensure that any modifications to the Conditions
of Approval are sufficient to cover increased staff/project costs. The Community Development
Department will maintain a subsidiary accounting of individual deposits and the department will
reconcile to the General Ledger on a regular basis. Appropriate documentation will be
maintained for each deposit and all records and reconciliation of the trust fund will be open to
review by the Auditor-Controller department upon their request. When the trust fund is
established, the Auditor-Controller will be directed to transfer existing funds to this new trust
fund.
CONTINUED ON ATTACHMENT: _YES SIGNATUR '
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RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDA ON OF BOARD CO MI
(/APPROVE OTHER
SIGNATURE(S):
---------------------------- ------------------------------------------------------------------------------------
ACTION OF BOAR O Aug 7, 2001 . APPROVE AS RECOMMENDED XX OTHER i
VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE
AND CORRECT COPY OF AN ACTION TAKEN
_XXL UNANIMOUS(ABSENT --"---- ) AND ENTERED ON THE MINUTES OF THE
BOARD OF SUPERVISORS ON THE DATE
AYES: NOES: SHOWN.
ABSENT: ABSTAIN:
ATTESTED August 2001
CONTACT: Becky England(925)335-1280 JOHN;'WEEf EN,CLERK OF THE
BOARD OF SUPERVISORS AND
COUNTY ADMINISTRATOR
CC: Community Development Department
Gary Malmgren,Auditor-Controller
County Administrator
Becky England,Communtiy Development Department
BY_. � '` EPUTY