HomeMy WebLinkAbout06-01 RDA Resolution
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RESOLUTION NO. RDA 06-01
A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE TEMECULA REDEVELOPMENT AGENCY OF THE
CITY OF TEMECULA AMENDING THE FISCAL YEAR
2005-06 ANNUAL OPERATING BUDGETS
THE BOARD OF DIRECTORS OF THE TEMECULA REDEVELOPMENT
AGENCY OF THE CITY OF TEMECULA DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. That the purpose of this review is to conduct an analysis of
revenues and expenditures to ensure that the RDA maintains a prudent and healthy
fiscal position.
Section 2. Each year a mid-year review is conducted of the Temecula
Redevelopment Agency (RDA) operating budget.
Section 3. That the mid-year review has been completed and the
recommended adjustments are reflected in the attached schedules, hereto as Exhibit A.
Section 4. That the Fiscal Year 2005-06 RDA operating budget is amended in
accordance with the attached schedules.
PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Temecula
Redevelopment Agency of the City of Temecula this 28th day of February, 2006.
ATTEST:
[SEAL]
R:/RDA Resos 2006lRDA 06-01
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STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan W. Jones, MMC, City Clerk/Board Secretary of the Temecula
Redevelopment Agency of the City of Temecula, do hereby certify that the foregoing
Resolution No. RDA 06-01 was duly and regularly adopted by the Board of Directors of the
Temecula Redevelopment Agency of the City of Temecula at a meeting thereof held on
the 28th day of February, 2006, by the following vote:
AYES: 5
BOARD MEMBERS:
NOES: 0
BOARD MEMBERS:
ABSENT: 0
BOARD MEMBERS:
ABSTAIN: 0
BOARD MEMBERS:
R:/RDA Resos 2006/RDA 06-01
Comerchero, Edwards, Roberts,
Washington, Naggar
None
None
None
~
. Jones, MMC
oard Secretary
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.2005..06
REDEVELOPMENT AGENCY
FUNDS.' .
'. .MID..YEARBODGET
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. ...... ,_, .. . ...... .."._.": .._,....m".. .....,.. . . ".:., .... ,,_.' . '.'. h'" '.'. _. . d. ........., ..",_..' .-, ., ,~_"_., .~ .......... ". .' _. ..-.~ . P' . .
Projlo<ed
lnaease
(Decrease)'
331,933
U60
.1.327.733 .
1.661.926
%
Increas:e
(O~trease) .
10.9%
0.1%
12.6%
0.0%
0.0%
926.700 10.1%
926.700
735,226
735,226
. .. Transfer Of $2,097,100 Is Induaed between these funds .
. *'* Excess revenues ovet expertdlbJres are progra~ed and bUd~emd III the CapRaI Imp'l'OlIement Program..
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REDevel.OPMENT AGeNCY
REVENUE DETAIL
FY 20'05-06 MIJ).YEAR BUDGET
ACCT FY04.{)5 FY ..... ,FYas.<l6 ~"= CHANGE "
YTO lB 12/31/(15 CUMENT
NO 165 LOWIMOD HOUSING FUND AC11JAlS ESTIMATES ESTIMATES IN EST CHANGE
016 -Taxlncreinei1t 2,.532,nO 1,645,588 2,823.600 2,955,533 331,933' 12.7%
4051 ..ooFlltlon. 5.350
4080 -MIscellaneous . 10,032 1,000 1,COO
4065 -Investmenllnte1est 192,582 1f1,033 200.679 . 200.670
068 ...... ....... 12,005 .04,324 5,000 '5.000
075 .R.ertal incoIT1e 50.000 121.000 121,000
4076 -Relmbuisemerits 4.903
4077 ..f'DlVfyable lQan RepayJTlent '146,190 67,OlJS 1'00,000 100,000
4<l6Il -Relll1borsl'lmi1ltoCottages of CMd TOY?" 40.415
TOTAL LOWIMOD HOUSI G FUND 094 47 1 828 044 3051 70. 3 83 203 331 933 10.9%
ACCT FY 0+05 FY o&<l6 FY 05<16 FYos.<l6 CHANGE "
CUAAENT l<EVISED
NO 280 REOEVEl.OPMENr.FUND ACTUAlS YTO "'213'105 esnMATEs ESTIMATES . IN EST CHANGE
4025 """.... 250,000
051 -Oonations
4058 -MIscellaneOus
4060 -MISClellaneous >>an 'ta:xabte 2,68e s. 60 60
. 4082 -A.eeove,y orprfor Year Expenses. 2.237 2.2llO 2,200
4065 -1rMl6lmEintlnlerest 104,075 .20,796 25:000 26.000
0408S -loan'_ 11,87" 5,67' f'I,~ 11,s00
.072 -5a1elifPropetty
07' . -RerDllntoMe 2,899 1,4411 2,900 . 2,900
.076 -Re1rilbtu'B"emeols 100
4077 .Forglvabfe Loan Repa\'l1'l8ht
. 4090 -opmallng'r"-"'rt 1,020,100 1,587,050 2,D97.1Q!j , 2,097,100
40S4 ...ulgaI SeUlemerit
S50 . --GalnOnAssel:s
...-.'
TOTAL REO El MENT NO t 391 824 161 .. 2.136 800 139060 .2260 0;'%
.. -, .
ACCT FY 0+05 FY06-Oll FY 05<16 FY05-06 CHANGE "
. CURRENT REVISEO'
NO 380 DEBT sE~Ce FUIIID ActuALS yfufi).1Z'311O"S ESTIMAtes ~stiMAtEs IN Est CHANGE:
4016 .Tall:1ncren1ent "P31,080 e,682,353 10,494;400 11,824'33 1,327,7~ 12.7%
066 .fl'lVeStin'ritntei'est 47,118 24;654 . 41.400 '41,400 .
092 -Deferred passUvough
4093 ..Advatlt:es from Otfier FIoI'ldS
48_00 -Bo"':iProceecI$ ,
,
TOTAL DEBT. SERVICE FUND 101787G8 .6607007 10541'800 11 aEi9533 1 327 733 12.6%
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TfMECULA REDEVaoPMENT AGENCY
I SUMMARY OF RI:VEN1JES. EXPENDrruRES, AND CHANGE IN FuND BALANCl:S
2005-0& PR01ECT10N
ReA DEBT SERVICE FUND
20040.0$ 2005-<)6 2005-06 2DDS-06 Proposed %
AudIted OUTen' YTO RevIsed _ease InCrease
Actuals Budoet ActulJls BudQet (Decrease) . (Decrease)
Total Revenl.le5 10.:178,798 10,511,600 6,607,00'7 U,869,533 1,327,733 20.1%
Total Expendllut..;r 9.699.519 9,217,'195 5,861,573.. 10.144.195 926.700 15.8%
Excess 01 R.......ues Over (UM...)
Expehdltures ' 179,279 1,324,305 7'15,4Jol' 1,725;338 401,033
Operating Transfers,Out /2.097.1001 (t,587.?501 (2.097.1001
Extess cl Revenues 0.... (Und<r)
ExpendibJres and Operating-
Transfers Out 479,279 (172,795) (841,61.) (311,762) 101 033
Fund Balan<e,lfeg. 01 Year 1,269.122 1,748,401.. . 1.718.101 '. . 1 740.401
Fund"Balante, Erid or Yea'r 1.748.401 975.606 906.785 1.316.639
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