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HomeMy WebLinkAbout97-01 RDA Resolution RESOLUTION NO. RDA 97-01 A RESOLUTION OF THE TEMECULA REDEVELOPMENT AGENCY AMENDING THE FISCAL YEAR 1996-97 ANNUAL OPERATING BUDGETS WHEREAS, each year a mid-year review is conducted of all Temecula Redevelopment Agency (RDA) operating budgets. WHEREAS, 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. WI-IEREAS, the mid-year review has been completed and the recommended adjustments are reflected in the attached schedules. The Board of Directors does hereby resolve as follows: Section 1. That the Fiscal Year 1996-97 RDA operating budgets are amended in accordance with the attached schedules. PASSED, APPROVED AND ADOPTED this 22nd day 1997. Steven J./, ord, Chairperson ATTEST: S. Greek AAE City Clerk/Board~.~cretary [SEAL] Resos.csd\97-01 1 STATE OF CALIFORNIA) COUNTY OF RIVERSIDE) ss CITY OF TEMECULA ) I, June S. Greek, City Clerk of the City of Temecula, DO HEREBY CERTIFY that the foregoing Resolution No. 97-01 was duly adopted at a regular meeting of the Temecula Redevelopment Agency of the City of Temecula on the 22nd day of April, 1997, by the following roll call vote: AYES: NOES: ABSENT: ABSTAINED: 4 0 0 1 AGENCY MEMBERS: AGENCY MEMBERS: AGENCY MEMBERS: AGENCY MEMBERS: Birdsall, Lindemans, Roberts, Ford None None Stone June S. kGreek/CMC/AAE City Cle~ Bk/.~ohrd Secretary Resos.csd\97-01 2 1996-97 MID-YEAR BUDGET REDEVELOPMENT AGENCY TEMECULA REDEVELOPMENT AGENCY "UMMARY OF REVENUES, EXPENDITURES, AND CHANGE IN FUND BALANCES )96-97 (MID-YEAR) Total Revenues Total Expenditures by Fund: Low/Moderate Income Housing Capital Projects Debt Service Total Expenditures Excess of Revenues Over (Under) Expenditures 96.97 96-97 96-97 Proposed 95-96 YTD Current Proposed Increase Actual ~ 12/31/96 Budget Budget (Decrease) 9,536,296 538,116 7,471,344 8,210,003 738,659 568,213 1,421,116 2,169,348 2,182,012 12,664 3,447,257 2,692,136 13,444,957 13,490,437 45,480 5,134,207 431,266 5,097,411 5,265,802 168,391 9,149,677 4,544,518 20,711,716 20,938,251 226,535 386,619 (4,006,402) (,13,240,372) (12,728,248) 512,124 Fund Balances, Beg. of Year Revenues (penditures Fund Balances, End of Year 23,029,547 9,536,296 (9,149,677) 23,416,166 23,416,166 8,210,003 ~0,938,251) 10,687,918 mcder mt~midyear~deptsum .wb2 09-Apr-97 REDEVELOPMENT AGENCY REVENUE DETAIL FY 1996-97 MIDYEAR BUDGET FUND 165 LOW/MOD HOUSING 4015 -Tax Increment 4060 -Miscellaneous 4065 -Investment Interest 4075 -Rental Income TOTAL LOW/MOO HOUSING F FY 95-96 ACTUALS 1,216,172 2,828 168,146 1,387,146 FY 96-97 YTD ~. 12/31/96 1 88,085 25,784 113,870 FY 96-97 ORIG BOGT 1,150,648 150,000 140,587 1,441,235 YTD % OF BDGT 0.00% 58.72% 18.34% 7.90% FY 96-97 REVISED BDGT 1,283,892 150,0OO 140,587 1,574,479 CHANGE IN BDGT 133,244 133,244 FUND 280 CIP 4065 -Investment Interest 4066 -Loan Interest 4068 -Loan Fees 4075 -Rental Income 4090 -Operating Tranefern In 4093 -Advances From Other Funds TOTAL ClP FUND FY 95-96 ACTUALS 850,583 15, g86 682 75,000 335,042 940,896 2,218,189 FY 96-97 YTO ~. 12./31196 259,774 15,066 350 61,750 336,94O FY 96-97 ORIG BDGT 375,000 15,000 5OO 102,000 492,500 YTD % OF BDGT 69.27% 100.44% 70.00% 60.54% 68.41% FY 96-97 REVISED BDGT 375,000 15,000 500 102,000 492,500 CHANGE IN BDGT ;NO 380 DEBT SERVICE 4015 4O62 4065 4092 -Tax Increment -Recovery of Prior Year Expense -Investment Interest -Deferred Passthrough TOTAL DEBT SERVICE FUND FY 95-96, ACTUALS 4,870,734 154,858 905,369 5,930,961 FY 96-97 YTD ~ 12/31/96 10,381 759 76,166 87,306 FY 96-97 ORIG BDGT 4,602,592 125,000 810,017 5,537,609 YTD % OF BDGT 0.23% 60.93% 1.58% FY96-97 REVISED BDGT 5,135,569 125,000 882,455 6,143,024 CHANGE IN BDGT 532,977 72,438 605,415 2 mcden~t~idyear~97rev.wq I 09-Apr-97 ACCT NO 5100 5101 5102 5104 5106 5108 5109 5110 5112 5113 5114 115 3116 5117 5118 5119 5120 5121 5126 5190 ACCOUNT DESCRIPTION/JUSTIFICATION PERSONNEL SERVICES SALARIES & WAGES DEFERRED COMPENSATION RETIREMENT MEDICARE AUTO ALLOWANCE LIFE INSURANCE UNEMPLOYMENT TRAINING TAX DISABILITY INSURANCE WORKERS' COMPENSATION HEALTH INSURANCE DENTAL INSURANCE MEDICAL REIMBURSEMENT VISION INSURANCE CHILD CARE REIMBURSEMENT TEMPORARY HELP PART-TIME (Project) PART-TIME RETIREMENT OVERTIME WAGES COMPENSATED ABSENCES LIFE & ACCIDENT INSURANCE TOTAL PERSONNEL SERVICES TEMECULA REDEVELOPMENT AGENCY LOWIMOD SET ASIDE FUND 165 FY 1996-97 MID-YEAR BUDGET FY 95-96 FY 96-97 FY 96-97 FY 96-97 INCREASE ACTUALS AT 12/31196 CURRENT BDGT PROPOSED BDGT (DECREASE) 14,796 23,831 45,705 45,562 (143) 2,122 3,250 6,882 6,860 (22) 189 408 698 950 252 26 46 74 31 132 200 399 522 232 145 171 190 69 235 50 74 688 750 4,227 158 127' 559 995 5,195 8,000 2,500 78 19,026 77 34,271 70,534 559 1,353 5,184 17,475 655 2,500 81,098 358 (11) (8.000) 17,475 655 10,564 3 R NVlCDE RMTW#DYEAR~97MY-LOW.WB2 03/28 20:29 RDA LOWIMOD-FUND 165 PAGE 2 ~CCT NO. 5246 5248 5250 5258 5261 5262 5330 5480 5804 5449 5804 ACCOUNT DESCRIPTION/JUSTIFICATION OPERATING EXPENDITURES LEGAL SERVICES CONSULTING SERVICES OTHER OUTSIDE SERVICES CONFERENCES STAFF TRAINING/EDUCATION MILEAGE INSURANCE OPER & MAINT- PUJOL, SHERWOOD AFFORDABLE RENTAL UNITS FIRST TIME HOMEBUYER PROGRAM ClP-LOWIMOD HOUSING PROJ TOTAL OPERATING EXPENDITURES TOTAL RDA LOWIMOD SET ASIDE FY 95-g6 ACTUALS 12,531 47,277 18,857 57O 67 469,885 549,187 568,213 FY 96-97 AT 12/31196 6,815 21,885 1,714 22O 22 11,125 1,289,322 33,044 22,698 1,386,845 1,421,116 FY 96-97 CURRENT BDGT 20,000 60,000 25,000 500 2,000 102,314 1,439,000 250,000 200,000 2,098,814 2,169,348 FY96-97 PROPOSED BDGT 20,000 60,000 25,000 500 2,000 2,100 102,314 1,439,000 250,000 200,000 2,100,914 2,182,012 INCREASE (DECREASE) 2,100 2,100 12,664 4 R:~MCDERMT~MtDYEAR~97MY-LOW.W B2 03128 20:29 ACCT NO. 5100 5101 5102 5104 5106 5108 5109 5110 5112 5113 5114 15 ~ ,.,, 16 5117 5118 5119 5120 5121 5126 5190 5199 ACCOUNT DESCRIPTION/JUSTIFICATION PERSONNEL SERVICES SALARIES & WAGES DEFERRED COMPENSATION RETIREMENT MEDICARE AUTO ALLOWANCE LIFE INSURANCE UNEMPLOYMENT TRAINING TAX DISABILITY INSURANCE WORKERS' COMPENSATION HEALTH INSURANCE DENTAL iNSURANCE MEDICAL REIMBURSEMENT VISION INSURANCE CHILD CARE REIMBURSEMENT TEMPORARY HELP PART-TIME (Project) PART-TIME RETIREMENT OVERTIME WAGES COMPENSATED ABSENCES LIFE & ACCIDENT INSURANCE BENEFITS ADVANCED TOTAL PERSONNEL SERVICES TEMECULA REDEVELOPMENT AGENCY CAPITAL PROJECTS/ECONOMIC DEVELOPMENT FUND 280 FY 1996-97 MID-YEAR BUDGET FY 95-96 FY 96-97 FY 96-97 FY 96-97 INCREASE ACTUALS AT 12/31196 CURRENT BDGT PROPOSED BDGT (DECREASE) 43,562 31,904 99,230 84,271 (14,959) 6,248 4,388 8,749 12,688 3,939 879 764 1,539 1,924 385 88 60 1,064 212 365 251 1,361 729 603 388 222 254 503 258 78 83 1,959 1,050 2,638 2,189 5,771 21,444 19,711 787 767 377 392 48,000 1,800 78 77 13 79,631 61,288 169,916 2,932 2,738 9,119 10,140 48,000 1,445 400 173,657 294 549 3,348 10,140 (355) 4o0 3,741 R:WICDERMl'~MIDYEAR~97MY-280.WB2 03/2911:45 RDA CIP-FUND 280 ;CT 40. 5212 5220 5222 5226 5227 5228 5230 5246 5248 5250 5254 5258 "~260 "5262 5264 5270 5276 5345 5360 5362 5367 5385 5391 5901 VAR ,i ACCOUNT DESCRIPTION/JUSTIFICATION OPERATING EXPENDITURES FACILITY REPAIRS AND MAINTENANCE OFFICE SUPPLIES PRINTING DUES AND MEMBERSHIPS TRUSTEE ADMIN FEES PUBLICATIONS POSTAGE & PACKAGING LEGAL SERVICES CONSULTING SERVICES OTHER OUTSIDE SERVICES ADVERTISING CONFERENCES PROFESSIONAL MEETINGS STAFF TRAINING/EDUCATION MILEAGE ECONOMIC DEVELOPMENT CITY PROMOTIONAL PROGRAM SALES TAX REIMBURSEMENTS SUPPORT SERVICES CITY ADMIN CHAI~GES OLD TOWN PLAN IMPLEMENTATION AUTO DEALER ASSN. LOAN FEE REIMBURSEMENTS INTEREST OPERATING TRANSFER OUT TOTAL OPERATING EXPENDITURES TOTAL CAPITAL PROJECTS TOTAL RDA CIP FY 95-96 ACTUALS 22,025 707 810 4,432 1,841 437 7,001 59,966 46,579 12,762 4,015 11 435 149 97 197,021 70,214 168,084 75,000 1,147 22,725 695,458 2,672,~68 3,447,257 FY 96-97 AT 12/31/96 5,194 281 3O8 3,220 223 8,396 48,463 26,873 7,729 842 98O 188 96 110 162,702 64,436 1,833 37,500 369,374 2,261,474 2,692,136 FY 96-97 CURRENT BDGT 12,000 5O0 1,301 3,495 500 13,700 70,000 202,727 29,199 4,000 3,200 500 3,300 25O 207,300 148,848 238,000 75,000 62,500 140,000 30,000 258,870 1,505,190 11,769,851 13,444,957 FY96-97 PROPOSED BDGT 12,000 5OO 1,301 3,495 500 13,700 105,000 202,727 29,199 4,000 3,200 500 3,300 250 207,300 148,848 238,000 6,739 75,000 62,5O0 140,000 30,000 258,870 1,546,929 11,769,851 13,490,437 PAGE 2 INCREASE (DECREASE) 35,000 6,739 41,739 45,480 6 R:~ICDERMT~MIDYEAR197MY-280.WB2 03/31 18:01 TEMECULAREDEVELOPMENTAGENCY DEBTSERVICE FUND380 FY1996-97MID~EAR BUDGET ACCT ACCOUNT NO. DESCRIPTION/JUSTIFICATION OPERATING EXPENDITURES 5227 TRUSTEE ADMIN FEES 5231 PROPERTY TAX ADMIN FEES 5241 PASSTHROUGH AGREEMENTS 5390 DEBT SERVICE-PRINCIPAL 5391 INTEREST TOTAL OPERATING EXPENDITURES FY 95-96 FY 96-97 ACTUALS AT 12/31196 4,733 1,931 61,585 3,619,819 560,000 888,070 429,335 5,134,207 431,266 FY 96-97 CURRENT BDGT 6,000 95,000 3,547,741 590,000 858,670 5,097,411 FY 96-97 PROPOSED BDGT 6,000 95,000 3,716,132 590,000 858,670 5,265,802 INCREASE (DECREASE) 168,391 168,391 TOTAL RDA DEBT SERVICE 5,134,207 431,266 5,097,411 5,265,802 168,391 7/Final 97MY-380.WB2 03/29 12:50