HomeMy WebLinkAbout94-02 RDA ResolutionRESOLUTION NO. RDA 94-02
A RESOLUTION OF TItE REDEVELOPMENT AGENCY OF
THE CITY OF TEMECULA AMENDING THE FISCAL YEAR
1993-94 BUDGETS FOR THE TEMECULA
REDEVELOPMENT AGENCY FUNDS
WHEREAS, each year a mid-year review is conducted of all Temecula Redevelopment
Agency (RDA) funds.
WHEREAS, the purpose of this review is to conduct an analysis of revenues and
expenditures to ensure that the Temecula Redevelopment Agency maintains a prudent and healthy
fiscal position.
WI~REAS, the mid-year review has been completed and the recommended adjustments
are reflected in Schedules A through C of the RDA-Low/Moderate Set Aside Fund; the RDA-CIP
Fund; and the RDA-Debt Service Fund.
The Board of Directors does hereby resolve as follows:
Section 1. That the Fiscal Year 1993-94 Budget for the RDA-Low/Moderate Set Aside
Fund is amended in accordance with Schedules A through C.
Section 2. That the Fiscal Year 1993-94 Budget for the RDA-CIP Fund is amended in
accordance with Schedules A through C.
Section 3. That the Fiscal Year 1993-94 Budget for the RDA-Debt Service Fund is
amended in accordance with Schedules A through C.
PASSED, APPROVED AND ADOPTED this 22nd day of February, 1994.
Ronald J. Parks, Chairperson
ATTEST:
in~. ~rr. Greek, City Clerk/Agency Secretary
[SEAL]
Resos.RDA\94-02 I
STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE)
CITY OF TEMECULA)
$$
I I-IERRBY CERTIFY that the foregoing Resolution No. RDA 94-02 was duly adopted by
the Board of Directors of the Temecula Redevelopment Agency at a regular meeting thereof, held
on the 22nd day of February, 1994, by the following vote of the Board of Directors:
AYES: 5 AGENCY MEMBERS: Birdsall, Mufioz, Roberts, Stone,
Parks
NOES:
0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS: None
, City Clerk/Agency Secretary
Re~a.RDA\94-02
TEMECULA REDEVELOPMENT AGENCY
LOW/MODERATE SET ASIDE
BUDGET SUMMARY
$CHEDULE A
Revenue
Expenditures
Increase (decrease) in Fund Balance
Fund Balance, July 1, 1993
Fund Balance, June 30, 1994
FY 93-94 FY 93-94 FY 93-94 FY 93-94
CURRENT YTD AMENDED VARIANCE
BUDGET BUDGET FAV/(UNFAV)
1,304,325 $ 73,150
1,522,200
405,000 10,413 405,000
899,325 $ 82,737
3,555,228
4,454,553
1,117,200
3,555,228
4,672,428 $
$ 217,875
217,875
217,875
22-Feb-94
165 LOW/MQD SET ASIDE
-Tax Increment
-Investment Interest
-Property Tax Increment
-ONE TIME TEETER PLAN ADJ.
165 TOTAL LOW/MOD SET ASIDE
TEMECULA REDEVELOPMENT AGENCY
LOW/MOD SET ASIDE
REVENUE DETAIL
BY FUND SOURCE
SCHEDULE B
FY 93-94 FY 93-94 FY 93-94 FY 93-94
CURRENT YTD REVISED ADJUSTMENT
BUDGET @ 1 2/31/93 PROJECTION FAV/(UNFAV)
1,304,325 0 1,357,233 52,908
0 73,150 146,300 146,300
0 0 0 0
0 0 18,667 18,667
1,304,325 73,150 1,522,200 217,875
22-Feb-94
165 LOW,'MOD SET ASIDE FUND
-Property Tax Admin Fees
-Other Outside Services
-Acquisition-Rancho West
TOTAL LOW/'MOD SET ASIDE FUND
TEMECULA REDEVELOPMENT AGENCY
LOW/MOD SET ASIDE
EXPENDITURES
SCHEDULE C
FY 93-94 FY 93-94 FY 93-94 FY 93-94
CURRENT Y'I'D AMENDED ADJUSTMENT
BUDGET APPROPRIATION FAV/(UNFAV)
0 0 0 0
250,000 10,413 250,000 0
155,000 0 155,000 0
405,000 10,413 405,000 0
22-Feb-94
TEMECULA REDEVELOPMENT AGENCY
CAPITAL PROJECTS FUND
BUDGET SUMMARY
SCHEDULE A
Revenue
Expenditures
Excess of Revenues OverExpenditures
Operating Transfers Out
Increase(decrease) in Fund Balance
Fund Balance, July 1,1993
Fund Balance, June 30,1994
FY 93-94 FY 93-94 FY 93-94 FY 93-94
CURRENT YTD AMENDED VARIANCE
BUDGET BUDGET FAV/(UNFAV)
$ 239,039 418.318 418.318
$ 1.945.098 453.737 2.117.765 (172.667)
(1.945.098) (214.698) (1.699.447) 245.651
1.891,597
1.891.597
(3.836.695) $ (214.698) (3.591.044) 245.651
13.294.430
11.349.332
13.294.430
11.594,983
245.651
22-Feb-94
2~0 CiP FUND
-Investment Interest
-Bond Proceeds
280 TOTAL CIP FUND
TEMECULA REDEVELOPMENT AGENCY
CIP FUND
REVENUE DETAIL
BY FUND SOURCE
SCHEDULE B
FY 93-94
CURRENT
BUDGET
FY 93-94 FY 93-94 FY 93-94
YTD REVISED ADJUSTMENT
@ 12/31/93 PROJECTION FAV/(UNFAV)
0 239,039 418,318 418,318
0 0 0 0
0 239,039 418,318 418,318
22-Feb-94
280 CIP FUND
Personnel Services
Operating Expenditures
CIP
OPERATING TRANSFERS OUT
TOTAL CIP FUND
TEMECULA REDEVELOPMENT AGENCY
CIP FUND
EXPENDITURES
SCHEDULE C
FY 93-94 FY 93-94 FY 93-94 FY 93-94
CURRENT YTD AMENDED ADJUSTMENT
BUDGET @ 12/31/93 APPROPRIATION FAV/(UNFAV)
0 300 57,086 (57,086)
474,098 415,187 589,679 (115,581)
1,471,000 38,250 1,471,000 0
1,891,597 0 1,891,597
3,836,695 453,737 4,009,362 (172,667)
22-Feb-94
TEMECULA REDEVELOPMENT AGENCY
DEBT SERVICE FUND
BUDGET SUMMARY
SCHEDULE A
Revenue
Expenditures
Increase(decrease) in Fund Balance
Fund Balance, July 1,1993
Fund Balance, June 30,1994
FY 93-94 FY 93-94 FY 93.94 FY 93-94
CURRENT YTD AMENDED VARIANCE
BUDGET @ 12/31/93 BUDGET FAV/(UNFAV)
$ 1,956,487 $ 60,960
$ 5,625,521 $
3,669,034
1,447,408 475,606 4,577,850 (3,130,442)
509,079 $ ~14,646) 1,047,671 538,592
3,386,686
3,386,686
$ 4.434,357 $ 538,592
3,895,765
22-Feb-94
380 DEBT SERVICE FUND
-Tax Increment
-Investment Interest
-Bond Proceeds
-ONE TIME TEETER PLAN ADJ.
380 TOTAL DEB~- SERVICE FUND
TEMECULAREDEVELOPMENTAGENCY
DEBTSERVlCEFUND
REVENUE DETAIL
BY FUND SOURCE
SCHEDULE B
FY 93-94 FY 93-94 FY 93-94 FY 93-94
CURRENT Y'rD REVISED ADJUSTMENT
BUDGET @ 12/31/93 PROJECTION FAV/(UNFAV)
1,956,487 0 5,428,933 3,472,446
0 60,960 121,920 121,920
0 0 0 0
0 0 74,668 74,668
1,956,487 60,960 5,625,521 3,669,034
22-Feb-94
380 DEBT SERVICE FUND
-Trustee Admin Fees
-Property Tax Admin Fees
-Passthrough Agreements
-ERAF
-Debt Service-Principal
-Interest
TOTAL DEBT SERVICE FUND
TEMECULA REDEVELOPMENT AGENCY
DEBT SERVICE FUND
EXPENDITURES
SCHEDULE C
FY 93-94 FY 93-94 FY 93-94 FY 93-94
CURRENT YTD AMENDED ADJUSTMENT
BUDGET @ 12/31/93 APPROPRIATION FAW(UNFAV)
0 4,402 9,160 (9,160)
0 0 0 0
0 0 2,971,208 (2,971,208)
0 0 150,073 (150,073)
505,000 0 505,000 0
942,408 471,204 942,408 0
1,447,408 475,606 4,577,850 (3,130,442)
22-Feb-94