HomeMy WebLinkAboutRDA RES 311RESOLUTION NO. 311
A RESOLUTION OF THE BOARD OF THE PALM DESERT REDEVELOPMENT
AGENCY, PALM DESERT, CALIFORNIA, ADOPTING A PROGRAM
AND FINANCIAL PLAN FOR THE FISCAL YEAR JULY 1,
1995 THROUGH JUNE 30, 1996.
WHEREAS, the Board has received and considered the
proposed Program and Financial Plan submitted by the City Manager
on June 8, 1995 and June 12, 1995; and
WHEREAS, after due notice, the Board held a public
hearing on the proposed plan.
NOW, THEREFORE, BE IT RESOLVED by the Board of the Palm
Desert Redevelopment Agency, Palm Desert, California, that:
1. The amounts shown on Exhibit 1, "Estimated
Revenues", are hereby accepted as the Estimated Revenues
for the 1995-96 Fiscal Year for each fund and revenue
source.
2. The amounts shown on Exhibit 2, "Appropriations" are
hereby appropriated, to the departments and activities
indicated. The City Manager, or his duly appointed
representative, will have the authority to approve intra-
departmental budgeted line item variations; additional
appropriations or inter -departmental budget transfers
will be specifically approved by further Redevelopment
Board action during the 1995-96 fiscal year as the need
arises.
3. The amounts shown on Exhibit 3, "Continuing
Appropriations, Existing Capital Projects", are hereby
accepted as continuing appropriations from the 1994-95
Fiscal Year. The amounts included in this exhibit
include all unexpended amounts from purchase orders and
contracts encumbered by June 30, 1995.
Resolution No. 311
June 22, 1995
Page 2
PASSED, APPROVED AND ADOPTED at the regular
meeting of the Palm Desert Redevelopment Agency held on
this 22nd day of June, 1995, by the following vote, to
wit:
AYES: KELLY, SNYDER, SPIEGEL, CRITES
NOES: NONE
ABSENT: BENSON
ABSTAIN: NONE
UFOR► CRITES, CHAIRMAN
TF/ST :
SHEILA R. LLIGANN SECRETARY
CITY OF P M DESF, T, CALIFORNIA
YKL'1 ULOLA1 LLULVLuv[i•,La. riN:..awl
ESTIMATED REVENUE
. ?ISCAL YEAR 1995-1996
ACCOUNT NUMBER ACCOUNT DESCRIPTION
1992-1993
Actuals
RDA PROJECT AREA 11
850-0000-341.15-00 SALE OF MAPS & PUBLICATNS 41
850-0000-349.95-00 REIMB FR OTHER GOVERNMENT 81,321
850-0000-349.95-07 C.O.D. -LIBRARY REIMB 0
850-0000-349.95-15 RIVERSIDE CO -LIBRARY REIM 0
850-0000-361.10-00 INTEREST INCOME
850-0000-361.14-00 INT-INT ON INV W/ TRUSTEE
850-0000-363.20-00 RENTAL OF REAL PROPERTY
850-0000-377.70-00 CONTRIBUTIONS
850-0000-379.92-00 MISC REIMBURSEMENTS
850-0000-379.95-00 PRIOR YR-REV/EXP REIMB/AJ
850-0000-393.36-00 BOND PROCEEDS 0
850-0000-393.37-00 PROCEEDS FROM ADVANCE 0
RDA PROJECT AREA #1
RDA PROJ AREA #2
851-0000-361.10-00
851-0000-361.14-00
851-0000-377.70-00
851-0000-391.00-00
851-0000-392.11-00
851-0000-393.36-00
851-0000-393.37-00
INTEREST INCOME
INT-INT ON INV W/ TRUSTEE
CONTRIBUTIONS
INTERFUND OP TR IN
SALE OF FIXED ASSETS -LAND
BOND PROCEEDS
PROCEEDS FROM ADVANCE
7,021
189,587
2,000
20,000
17,400
68,936-
1993-1994
Actuals
1994-1995 1995-1996
ORIGINAL PROJECTED EXECUTIVE DIR.
BUDGET ACTUAL 94-95 RECOMMENDS
119 0
0 0
251,975 30,000
0 158,000
0 60,000
3,215,985 600,000
2,501 2,500
0 0
0 0
0 0
0 0
0 0
0
0
23,600
158,000
50,000
400, 000
4,000
0
0
0
21,000,000
2,500,000
248,434 3,470,580 850,500 24,135,600
11,952 0 20,000 20,000
77,616 524,949 20,000 120,000
0 45,000 0 0
18,028,081 408,117 27,610,000 0
0 5,031,433 0 0
0 0 0 3,880,000
0 5,000,000 8,000,000 5,500,000
RDA PROJ AREA #2 18,111,649 11,009,499 35,650,000 9,520,000
RDA PROJ AREA #3
853-0000-361.10-00 INTEREST INCOME
RDA PROJ AREA 13
RDA PROJECT AREA #4
854-0000-361.10-00 INTEREST INCOME
854-0000-393.37-00 PROCEEDS FROM ADVANCE
RDA PROJECT AREA 14
RDA DEBT SERV PJ AREA 111
860-0000-317.10-00 TAX INCREMENTS
863-0000-311.11-00 TAX INCREMENTS PJ11 ANNEX
860-0000-361.10-00 INTEREST INCOME
860-0000-361.11-00 INTEREST - BROTHERS
860-0000-361.11-10 INT-BROS INT BEARING AC
860-0000-363.20-00 RENTAL OF REAL PROPERTY
860-0000-379.97-11 REIMB DSUSD TR 92TAB PRIN
860-0000-379.97-12 REIMB DSUSD TR 92TAB INT
860-0000-379.97-13 REIMB CNTY TR 92TAB PRIN
860-0000-379.97-14 REIMB CNTY TR 92TAB INT
860-0000-379.99-10 PRIOR YRS ADJUST -REVENUE
860-0000-391.07-01 TR IN L/M 92 TAB PRIN PMT
3,598
3,598
493
214,000
214,493
3,363,787
4,316,976
360,549
500,813
9,101
2
27,039
140,136
52,266
934,883
818,575
41,211
4,719
4,719
3,914
0
3,914
3,000
3,000
1,000
0
1,000
3,000
3,000
1,000
C
1,000
0
0
28,000
169,000
50,000
400,000
4,000
0
0
0
0
0
651,000
20,000
160,000
0
0
0
0
0
180,000
3,000
3,000
1,000
0
1,000
3,915,606 4,200,000 4,163,000 4,690,000
4,572,542 5,300,000 8,966,000 9,444,000
108,772 400,000 400,000 600,000
464,069 462,000 450,000 450,000
0 0 0 0
2 0 0 0
28,121 0 0 0
139,441 168,000 168,000 157,000
54,376 0 0 0
269,631 324,000 324,000 304,000
0 0 0 0
0 0 0 0
r111d1 ULJLKi KLULVLuvrMLha HULi��t
ESTIMATED REVENUE
FOR FISCAL YEAR 1995-1996
1994-1995 1995-1996
1992-1993 1993-1994 ORIGINAL PROJECTED EXECUTIVE DIR.
ACCOUNT NUMBER ACCOUNT DESCRIPTION Actuals Actuals BUDGET ACTUAL 94-95 RECOMMENDS
860-0000-391.07-02 TR IN L/M 92TAB INT PMT 214,499 0 0 0 0
* RDA DEBT SERV PJ AREA #1 10,780,437 9,552,562 10,854,000 14,471,000 15,645,000
RDA DEBT SERV PJ AREA #2
861-0000-317.10-00 TAX INCREMENTS 2,211,564 2,328,560 2,600,000 3,866,000 3,991,000
861-0000-361.10-00 INTEREST INCOME 81,221 39,469 140,000 140,000 140,000
861-0000-379.95-00 PRIOR YR-REV/EXP REIMB/AJ 8,400 0 0 0 0
861-0000-391.00-00 INTERFUND OP TR IN 3,502,989 3,055,532 0 0 0
* RDA DEBT SERV PJ AREA #2 5,804,174 5,423,561 2,740,000 4,006,000 4,131,000
RDA DEBT SERV PJ AREA #3
863-0000-317.10-00 TAX INCREMENTS 273,044 24,391 325,000 366,000 410,000
863-0000-361.10-00 INTEREST INCOME 4,784 18,232 15,000 15,000 15,000
* RDA DEBT SERV PJ AREA #3 277,828 42,623 340,000 381,000 425,000
RDA DEBT SERV PJ AREA #4
864-0000-317.10-00 TAX INCREMENTS 0 0 442,000 758,000 1,187,000
* RDA DEBT SERV PJ AREA #4 0 0 442,000 758,000 1,187,000
RDA SR HOUSING FUND
870-0000-317.10-00 TAX INCREMENTS 4,155,708 4,319,999 4,586,000 4,663,000 5,080,000
870-0000-318.29-00 HOUSING MITIGATION FEE 81,975 0 60,000 60,000 60,000
870-0000-361.10-00 INTEREST INCOME 0 4,025 100,000 100,000 100,000
870-0000-361.14-00 INT-INT ON INV W/ TRUSTEE 93,857 66,319 10,000 20,000 20,000
870-0000-361.15-00 INT-INT FR LOAN/NOTES REC 0 43,318 144,000 175,000 75,000
870-0000-374.10-00'PROCEEDS-LOANS/NOTES REC 0 188,950 800,000 163,600 300,000
870-0000-379.49-00 ESCROW PROCEEDS/SUSP AC 1 0 Cr0 0
RDA SR HOUSING FUND
4,331,541 4,622,611 5,700,000 5,181,600 5,635,000
DEPARTMENT TITLE
Project Area #1
Project Area #2
Project Area #3
Project Area #4
Debt Service PJ Area #1
Debt Service PJ Area #2
Debt Service PJ Area #3
Debt Service PJ Area #4
Housing Set Aside
Palm Desert Financing Authority
'Total Redevelopment Agency Funds
\bud96\bud-exhi.xlw
Transfer In(Out)
1,648,900
712,000
455,000
728,000
(1,648,900)
(712,000)
(455,000)
(728,000)
APPROPRIATIONS
FY 1994-95
5,048,900
2,687,000
455,000
775,000
12,098, 643
3,651,443
81,620
779,250
5,224,000
9,000,000
39,800,856 1
4341 beep canyon t4 Highway 111
43b9 Monterey idnage
43/1 Monterey Avenue Medians from Hwy 111
4388 I own Center Way Medians
4389 CooK Street Improvements -I/1U
4390 SuperblocK 11I Landscape
4662(Public Library
46631Municipal Liolt Course
ICivlc Center Park
1911 Ulspatch - Sheriff
4381/ Look'& i- '�'Tln erchenje
4619 Infrastructure improvements
4663 (Uolf Course
Sports Complex
'44y11Nome improvement Program
4494 Rental Rehab Program
1,25U, UUU
6,000,000
25,000
35,000
2,000,000
MOOD
8,12/,822
8,002,000
260,000
15/, 8UU
3,425,000
3,UUG,000
32,810,0W
3, 00U, UUU
356,368
350, UUU