HomeMy WebLinkAbout01-01 RDA Resolution RESOLUTION NO. RDA 2001-01
A RESOLUTION OF THE TEMECULA
REDEVELOPMENT AGENCY AMENDING THE FISCAL
YEAR 2000-01 ANNUAL OPERATING BUDGET
WHEREAS, each year a mid-year review is conducted of the Temecula Redevelopment
Agency (RDA) operating budget.
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.
WHEREAS, the mid-year review has been completed and the recommended adjustments are
reflected in the attached schedules, hereto as Exhibit A.
The Board of Directors does hereby resolve as follows:
Section 1. That the Fiscal Year 2000-01 RDA operating budget is amended in accordance
with the attached schedules.
PASSED, APPROVED AND ADOPTED, by the Redevelopment Agency of the City of
Temecula, this 13t~ day of February, 2001.
ATTEST:
W.J
%. [.8~L] --
Ron Roberts, Chairperson
R:Resos RDA2001-01 I
STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE) ss
CITY OF TEMECULA)
I, Susan W. Jones, CMC, Secretary of the Temecula Redevelopment Agency of the City of
Temecula, do hereby certify that the foregoing Resolution No. RDA 2001-01 was duly adopted by the
Board of Directors of the Temecula Redevelopment Agency at a regular meeting thereof held on the
13th day of February, 2001, by the following vote:
AYES:
5 AGENCY MEMBERS:
Comerchero, Naggar, Pratt, Stone, Roberts
NOES:
0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS: None
R:Resos RDA2001-01 2
2000-01 TEMECULA
REDEVELOPMENT AGENCY
MID-YEAR BUDGET
.,IECULA REDEVELOPMENT AGENCY
SUMMARY OF REVENUES, EXPENDITURES, AND CHANGE IN FUND BALANCES
2000-01 MID-YEAR OPERATING BUDGET
Total Revenues*
00-01 00-01 00-01 Proposed %
99-00 YTD Current Proposed Increase Increase
Actual (~ 12/31/00 Budget Budget (Decrease) (Decrease)
7,828,416 394,956 8,314,900 9,484~400 1,169,500 14.1%
Total Non-CIP Expenditures by Fund*:
Low/Moderate Income Housing 410,619 186,750 810,780
Redevelopment 563,167 203,316 1,251,829
Debt Service 5,814,047 403,222 6,646~550
Total Expenditures
Excess of Revenues Over (Under)
Expenditures
Other Financing Sources:
Deferred Passthrough/Interest
Advances from Other Funds
Excess of Revenues and Other Financing
(Under) Expenditures
810,780
1,251,829
7,532~550
6,787~833 793~288 8,709,159 9,595.159
1,040,583 (398,332) (394,259) (110,759)
1,201,725 1,582,000 1,831,000
75~749 37,875 75,750 75~750
886,000 13.3%
886.000 10.2%
283,500
249,000
2,318,057 (360,457) 1~263,491 1,795,991 532,500
* Operating transfer between Debt Service and Redevelopment funds is not reflected
REDEVELOPMENT AGENCY
REVENUE DETAIL
FY 2000-01 MIDYEAR BUDGET
FY 99-00 FY 00-01 FY 00-01 YTD % FY 00-01 CHANGE %
165 LOW/MOD HOUSING FUND ACTUALS ORIG EST OF BDGT REVISED IN EST CHANGE
-Tax Increment 1,415,01S 1,583,000 1,765,000 182,000 11.5%
-Miscellaneous 7,250 2,700 268.5% 7,200 4,500 166.7%
-Investment interest 137,158 180,000 76.2% 280,000 100,000 55.6%
-Loan Interest 110
Income 15,67.~ 1,875 10,000 18.8% 2,00{3 (8,000)
45,691
TOTAL LOW/MOD HOUSING FUND
8.2% 15.7%
ACCT FY 99-00 FY 00-01 FY 00-01 YTD % I FY 00-01 CHANGE %
NO 280 REDEVELOPMENT FUND ACTUALS YTD ~.12r31/00 ORIG EST OF BDGT ' ~EVISED ES1 IN EST CHANGE
4060 .Miscellaneous 35
4065 .investment Interest 60,692 107,261 40,000 268.2% 140,00C 100,000 250.0%
4066 .Loan Interest 16,210 8,076 15,200 53.1% 15,20C
4072 .Saleof Property -1,331
4075 .Rental Income 101,366 64,393 64,00C 64,000
4076 .Reimbursements 11,035
4090 .Operating Transfers In 1,105,400 270,000 955,000 28.3% 955,00~
TOTAL REDEVELOPMENT FUND 1~2931407 449,730 1~0101200 44.5% 1,174120C 164,000 16.2%
,~.~ ACCT FY 99-00 FY 00-01 FY 00-01 YTD % FY 00-01 CHANGE %
NO 380 DEBT SERVICE FUND ACTUALS YTD(~12/31/00 ORIG EST OF BDGT REVISED EST IN EST CHANGE
!( -Tax Increment 5,660,078 6,334,000 7,061,000 727,000 11.5%
-Investment interest 263,352 30,95~c 150,000 20.6% 150,000
~4092 -Deferred Passthrough 1,201,725 1,582,00(~ 1,831,000 249,000 15.7%
4093 -Advances from Other Funds 75,749 37,874 75,75C 50.0% 75,750
TOTAL DEBT SERVICE FUND 7,200,904 68~833 8~141~7,5C 0.8% 9~1171750 976,000 12.0°,{
01midyear-REV 02/06/2001