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2020/10/01 Mobile Home Park Rent Appeals Board Resolution (3)RESOLUTION NO.2020-02 A RESOLUTION OF THE ROHNERT PARK RENT APPEALS BOARD TO CHANGE THE ACCOUNTING PERIOD OF THE RENT APPEALS BOARD FROM A CALENDAR YEAR BUDGET THAT RUNS JANUARY 1-DECEMBER 31 TO A FISCAL YEAR BUDGET THAT RUNS JULY 1-JUNE 30 AND TO CALCULATE ANNUAL REGISTRATION FEES BASED ON THE PREVIOUS FISCAL YEAR'S ACTUAL EXPENSES WHEREAS, paragraph N of Section 9.70.030 of the Rohnert Park Municipal Code ("The Rohnert Park Rent Appeals Board Ordinance") authorizes the Rohnert Park Rent Appeals Board ("Board") to finance its reasonable and necessary expenses by charging mobile home park owners an annual registration fee which may be passed through to residents on rent control in the form of rent increases prorated over the year; and WHEREAS, the Board has historically adopted its budget and established registration fees at its October meeting and has operated on a Calendar Year accounting cycle; and WHEREAS, neither Section 9.70.030 of the Rohnert Park Municipal Code ("The Rohnert Park Rent Appeals Board Ordinance") nor the Rohnert Park Rent Appeals Board Rules & Regulations require the Board to operate on a Calendar Year accounting cycle; and WHEREAS, all other funds managed by City of Rohnert Park Finance Department ("Finance") operate on a Fiscal Year accounting cycle running from July 1 through June 30; and WHEREAS, consistent with generally accepted accounting principles (GAAP), Finance tracks all budgets and expenses, and conducts annual audits within a Fiscal Year accounting cycle, which can create challenges for managing the Board's budget and expenses; and WHEREAS, at its September 5, 2019 meeting, the Board conducted a study session to consider changing its accounting cycle to a fiscal year and directed staff to hold another study session and provide additional information; and WHEREAS, at its September 3, 2020 meeting, the Board conducted another study session to consider changing its accounting cycle to a fiscal year and calculating its registration fees based on the previous fiscal year's actual expenses rather than the coming fiscal year's projected budget, and directed staff to return to the October 2020 meeting with a resolution approving these changes. NOW, THEREFORE, BE IT RESOLVED by the Rohnert Park Rent Appeals Board that the Board agrees to operate its budget on a Fiscal Year accounting cycle, running from July 1 to June 30, starting July 1, 2021. BE IT FURTHER RESOLVED, by the Rohnert Park Rent Appeals Board that a six-month budget to cover the transition period of January 1, 2021 through June 30, 2021 will be passed by the Board at their October 2020 meeting. BE IT FURTHER RESOLVED, by the Rohnert Park Rent Appeals Board that annual registration fees shall here forth be set based on the previous fiscal year's actual expenses. DULY AND REGULARLY ADOPTED by the Rohnert Park Rent Appeals Board this 1 ' day of October, 2020. ATTEST: czl--- Seclett ROHNE RT i' A R K M O BILE -HOME P-ARKS RENT APPEALS BOARD J � Chair AYES: 4 NOES: 1 ABSENT: 0 _ ABSTAIN: 0