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Home My WebLink AboutRDA RES 373RESOLUTION NO. 373 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 1,1999 THROUGH JUNE 30, 2000 WHEREAS, the Board has received and considered the proposed Program and Financial Plan submitted by the Executive director on June 24, 1999; 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 show on Exhibit 1, "Estimated Revenues", are hereby accepted as the Estimated Revenues for the 1999-2000 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 Executive Director, 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 1999-2000 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 1998-99 Fiscal Year. The amounts included in this exhibit include all unexpended amounts from purchase orders and contract encumbered by June 30, 1999. PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert Redevelopment Agency held on this 24th day of June , 1999, by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN: ATTEST: Benson,,Crites, Ferguson, Kelly, Spiegel None None None /SHEILA R. LifLLIGECRETARY ROBERT A. SPIEGE C •� ' ' ERSON RDA PROJECT ARE 850-0000-335.95-00 850-0000-341.15-00 850-0000-349.95-07 850-0000-349.95-15 850-0000-379.90-00 850-0000-379.95-00 850-0000-361.10-00 850-0000-361.14-00 850-0000-361.16-00 850-0000-363.20-00 City of Palm Desert Estimated Revenues Fiscal Year 1999-2000 U s* #1 Charges for Services REIMB FROM OTHER GOVT SALE OF MAPS & PUBLICATNS C.O.D. -LIBRARY REIMB RIVERSIDE CO -LIBRARY REIM RESTITUTION DAMAGES/LITIG MISCELLANEOUS REVENUE Interest & Rentals INTEREST INCOME INT-INT ON INV W/ TRUSTEE INTEREST NON -POOLED RENTAL OF REAL PROPERTY 850-0000-391.00-00 Interfund Transfers In Other Financing 850-0000-393.37-00 PROCEEDS FROM ADVANCE RDA PROJECT AREA #1 RDA PROJECT AREA #2 Charges for Services 851-0000-341.15-00 SALE OF MAPS & PUBLICATNS 851-0000-392.11-00 SALE OF FIXED ASSETS -LAND Interest & Rentals INTEREST INCOME INT-INT ON INV W/ TRUSTEE INTEREST NON -POOLED INTERFUND OP TR IN IROC INTEREST ON NOTE Other Financing 851-0000-393.37-00 PROCEEDS FROM ADVANCE RDA PROJECT AREA #2 851-0000-361.10-00 851-0000-361.14-00 851-0000-377.70-00 851-0000-391.00-00 RDA PROJECT AREA #3 853-0000-361.10-00 !INTEREST INCOME RDA PROJECT AREA #3 RDA PROJECT AREA #4 854-0000-361.10-00 !INTEREST INCOME RDA PROJECT AREA #4 RES. 373 Exhibit 1 52,507 90,513 6 - 4,847 2,028 71,000 30,000 72,000 6,525 2,730 167,000 182,000 170,000 78,497 - 416,018 28,177 111,107 29,000 30,000 30,000 1,211,575 1,254,831 750,000 1,300,000 750,000 7,774 183,207 - 4,200 4,300 4,000 4,400 10,061,425 16,530,786 291,281 250,000 12,121,551 18,470,783 1,021,000 I 1,546,400 1,022,000 5,012 385,922 11,404,000 284,174 8,483 15,296,558 2,055,000 17,649,227 211,012 10,211 5,892,761 20,000 20,000 20,000 100,000 500,000 100,000 256,000 200,000 17,903,906 120,000 j 776,000 320,000 7,805 6,208 4,000 I 5,000 5,000 7,805 6,208 4,000 I 5,000 5,000 4,964 71,433 3,400 I 5,000 5,000 4,964 71,433 3,400 I 5,000 5,000 Page 11 860-0000-379.90-00 860-0000-379.97-11 860-0000-379.97-12 860-0000-379.97-13 860-0000-379.97-14 City of Palm Desert Estimated Revenues Fiscal Year 1999-2000 1 'f UAL, - sp 1 UAL DESC:R`iiPUON jF10. 7 : 8 =9l . DEBT SERVICE FUND - PROJECT AREA #1 Taxes 860-0000-317.10-00 TAX INCREMENTS 860-0000-317.11-00 TAX INCREMENTS PJ#1 ANNEX Interest & Rentals 860-0000-361.10-00 INTEREST INCOME Charges for Services RESTITUTION DAMAGES/LITIG REIMB DSUSD TR 92TAB PRIN REIMB DSUSD TR 92TAB INT REIMB CNTY TR 92TAB PRIN REIMB CNTY TR 92TAB INT DEBT SERVICE FUND - PROJECT AREA #1 RES. 373 Exhibit 1 5,648,890 5,879,386 5,998,757 5,804,913 5,921,011 11,077,448 11,467,415 11,689,143 12,016,256 12,256,581 390,628 297,969 685,653 384,352 34,177 124,638 176,373 66,088 241,014 335,449 18,268,536 I 18,540,944 100,000 200,000 100,000 1,176,976 35,000 157,000 157,301 166,000 66,000 304,000 298,000 317,000 18,349,900 19,653,446 18, 760,592 DEBT SERVICE FUND - PROJECT AREA #2 Taxes 861-0000-317.10-00 TAX INCREMENTS 5,459,805 6,108,774 6,209,291 6,660,220 6,793,424 Interest & Rentals 861-0000-361.10-00 INTEREST INCOME (15,585) 46,646 100,000 50,000 50,000 INTERFUND - Transfer In 861-0000-391.00-00 INTERFUND OP TR IN 2,672 - DEBT SERVICE FUND - PROJECT AREA #2 5,444,220 I 6,158,092 6,309,291 6,710,220 6,843,424 DEBT SERVICE FUND - PROJECT AREA #3 863-0000-317.10-00 TAX INCREMENTS 552,166 617,709 622,710 714,677 728,971 863-0000-361.10-00 INTEREST INCOME 31,829 21,491 30,000 20,000 20,000 DEBT SERVICE FUND - PROJECT AREA #3 583,995 I 639,200 652,710 734,677 748,971 DEBT SERVICE FUND - PROJECT AREA #4 864-0000-317.10-00 TAX INCREMENTS 864-0000-361.14-00 INTEREST ON SPECIAL ESCROW 864-0000-361.10-00 INTEREST INCOME DEBT SERVICE FUND - PROJECT AREA #4 1,152,613 1,509,384 1,519,494 2,436,847 2,623,699 250,000 36,432 36,185 100,000 30,000 30,000 1,189,045 I 1,545,569 1,619,494 2,466,847 2,903,699 i Page 12 City of Palm Desert Estimated Revenues Fiscal Year 1999-2000 RES. 373 /HA-7 Exhibit 1 OUN" ( PAB ,tr GC iEIN I ESCt iibi4 REDEVELOPMENT HOUSING SET -ASIDE FUND Taxes 870-0000-318.29-00 HOUSING MITIGATION FEE Interest & Rentals INTEREST INCOME INT-INT ON INV W/ TRUSTEE INT-FR LOAN/NOTES REC(HIP) RENTAL OF PROPERTY-Portola Charges for Services PROCEEDS-LOANS/NOTES REC MISC REIMBURSEMENTS MISC REVENUE -OTHERS INTERFUND - Transfer In INTERFUND OP TR IN OP IN P#1 TI LM SET -ASIDE TR IN P#2 TI LM SET -ASIDE TR IN P#3 TI LM SET -ASIDE TR IN P#4 TI LM SET -ASIDE HOUSING SET -ASIDE FUND 870-0000-361.10-00 870-0000-361.14-00 870-0000-361.15-00 870-0000-363.20-00 870-0000-374.10-00 870-0000-379.92-00 870-0000-379.99-00 870-0000-391.00-00 870-0000-391.10-11 870-0000-391.10-12 870-0000-391.10-13 870-0000-391.10-14 !REDEVELOPMENT REDEVELOPMENT 871-8620-363.20-00 871-8630-363.20-00 871-8640-363.20-00 871-8650-363.20-00 871-8660-363.20-00 871-8670-363.20-00 871-8690-363.20-00 871-0000-361-10-00 870-0000-391.00-00 !REDEVELOPMENT ACTUAL :: ACTUAL, FY:96.97 FY: i79 HOUSING AUTHORITY Interest & Rentals RENTAL OF APARTMT-Catalina RENTAL OF APARTMT-Desert Pt RENTAL OF APARTMT-Las Serenas RENTAL OF APARTMT-Neighbors RENTAL OF APARTMT-1 Quail RENTAL OF APARTMT-Pueblos RENTAL APARTMT-Taos Palms INTEREST INCOME INTERFUND - Transfer In IINTERFUND OP TR IN HOUSING AUTHORITY 450,232 17,769 9,575 25,483,296 16,998 55,000 50,000 418,443 100,000 8,000 16,291 646,705 60,000 9,841 5,992,235 355,019 805,140 3,458,245 3,586,948 1,091,961 1,221,755 110,433 123,542 230,523 301,877 31,224,051 + 13,130,777 55,000 3,496,560 1,241,858 125,957 307,806 5,492,181 Rt ECTEDIREQuEsi' 5,000 145,000 10,000 60,000 50,000 3,564,234 1,332,044 142,935 487,369 5,796,583 5,000 100,000 ' 10,000 45,000 53,000 3,635,518 1,358,685 145,794 524,740 5,877,737 201,780 215,549 232,402 209,104 234,816 244,672 550,500 583,270 596,530 83,582 76,904 97,527 1,931,040 2,063,208 2,219,391 38,964 40,820 39,825 54,000 55,016 57,313 37,256 50,000 90,000 47,537,213 47,574,469 3,068,970 3,319,583 3,577,660 kt- Page 13 PAL DEPARTMENT TITLE ��` FtecCelttztaf'� Ac��ricy;i 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 CAL YtAR IYYROYRIATIOF FY 1999-2000 Transfer In(Out) 750,000 15,415,660 0 6,646,060 40,000 45,000 130,000 3,714,794 (13,262,312) 5,960,000 (4,262,364) 2,435,755 (185,794) 523,200 (1,210,468) 1,477,000 (3,537,982) 999,950 (Total Redevelopment Agency Funds 1 37,217,419 I \bud96\bud-exhi.xlw PALM DESERT REDEVELOPMENT AGENCY CAPITAL IMPROVEMENT PROGRAM EXISTING PROJECTS IN FISCAL YEAR 1998.99 CONTINUED TO FY 1999-2000 PROJECT TITLE RDA Protect Area #1 Fund 850 RDA Projects #1 RDA Project Area #2 Fund 851 Section IV Golf Course etc RDA Project Area #4 Fund 854 Land Purchase for Regional Park RDA SR Housina Fund 870 HIP - Rehab. For Resale Santa Rosa Project HIP - Make a Difference Day RDA Palm Desert Housina Auth Fund 871 Multi -Family Rehabilitation TOTAL EXISTING PROJECTS 1 ESTIMATED PROJECT TOTAL FOR LIFE OF PROJECT ACCOUNT NUMBERS FUNDING SOURCES 11,000,000 850-4361-433-4001 RDA PJ Area #1 30,000,000 851-4663-454-4001 RDA PJ Area #2 851-4619-433-4001 RDA PJ Area #2 340,350 854-4495-499.40-10 RDA PJ Area #4 500,000 870-4492-464-4001 615,523 870-4494-464-4020 70,056 870-4493-464.40-01 Housing Fund 870 Housing Fund 870 Housing Fund 870 1,800,000 871-4195-466-4001 PD Housing Fund 871 NOTE: APPROPRIATIONS AND/OR ENCUMBRANCES FOR REBUDGET/CARRYOVER FROM FISCAL YEAR 1998-99 TO 1999-00 Continuing appropriations ate amounts which have been appropriated in FY 1998-99 and are not expected to be expended by June 30, 1999. These funds are primarily for capital budgets and specific programs that overlap fiscal years. When authorized, continuing appropriation amounts are added to the new fiscal year budget amounts in order to track all approved spending. The exact amount of appropriations for carryover in each fund indicated will be determined at the end of the fiscal year during the preparation of financial statements. This amount will include: 1) purchase orders and contracts encumbered totals and 2) unencumbered balances as of June 30, 1999 for appropriations approved by Council through the last meeting in June, 1999. Exhibit 3 Res. 373/HA-7 FY 1998-99."40, to FY99-00 • SEE NOTE 10,000,000 10,477,617 12,840,033 340,350 152,546 113,039 52,055 833,337 $34,808""^"J