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Home My WebLink AboutRDA RES 397RESOLUTION NO. 397 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, 2000 THROUGH NNE 30, 2001 WHEREAS, the Board has received and considered the proposed Program and Financial Plan submitted by the Executive Director on June 22, 2000; 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 2000-2001 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 2000-2001 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 1999-2000 Fiscal Year. The amounts included in this exhibit include all unexpended amounts from purchase orders and contracts encumbered by June 30, 2000. PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert Redevelopment Agency held on this midday of June, 2000, by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN: ATTEST: BENSON, KELLY, SPIEGEL, FERGUSON NONE CRITES NONE RACHELLE KLASSEN, ATING CITY CLERK CITY OF PALM DESERT, CALIFORNIA City of Palm Desert Estimated Revenues Fiscal Year 2000-2001 ACTUAL ACCOUNT NUMBEIiIACCOUNT DESCRIPTION IFY 97-98 DEBT SERVICE FUND - PALM DESERT FINANCE AUTH: RDA Interest & Rentals 390-0000-361.14-00 INT-INT ON INV W/ TRUSTEE Interfund Transfers In 390-0000-391.xxxx Transfer In - Proj #1 Interest 390-0000-391.xxxx Transfer In - Proj #1 Principal 390-0000-391.xxxx Transfer In - Proj #2 Interest 390-0000-391.xxxx Transfer In - Proj #2 Principal 390-0000-391.xxxx Transfer In - Proj #4 Interest 390-0000-391.xxxx Transfer In - Housing - Interest 390-0000-391.xxxx Transfer In - Housing - Principal DEBT SERVICE FUND - PALM DESERT FINANCE AU) RDA PROJECT AREA #1 Charges for Services 850-0000-335.95-00 REIMB FROM OTHER GOVT 850-0000-341.15-00 SALE OF MAPS & PUBLICATNS 850-0000-349.95-07 C.O.D. -LIBRARY REIMB 850-0000-349.95-15 RIVERSIDE CO -LIBRARY REIM 850-0000-379.90-00 RESTITUTION DAMAGES/LITIG 850-0000-379.95-00 MISCELLANEOUS REVENUE Interest & Rentals INTEREST INCOME INT-INT ON INV W/ TRUSTEE INTEREST NON -POOLED RENTAL OF REAL PROPERTY 850-0000-361.10-00 850-0000-361.14-00 850-0000-361.16-00 850-0000-363.20-00 850-0000-391.00-00 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 851-0000-361.10-00 INTEREST INCOME 851-0000-361.14-00 INT-INT ON INV W/ TRUSTEE 851-0000-377.70-00 INTEREST NON -POOLED 851-0000-391.00-00 INTERFUND OP TR IN IROC INTEREST ON NOTE Other Financing 851-0000-393.37-00 PROCEEDS FROM ADVANCE RDA PROJECT AREA #2 RDA PROJECT AREA #3 853-000-391.00-00 Inter fund Transfers In 853-0000-361.10-00 INTEREST INCOME RDA PROJECT AREA #3 233,531 350,000 13,488,744 90,513 RES. 397 Exhibit 1 "ACTUAL 'ADOPTED 'PROJECTED 'ADOPTED FY 98-99 FY 99-00- - ... FY 99-00 FY 00-01 • 2,558,748 133,292,469 500,000 617,657 500,000 7,095,052 5,684,711 6,508,042 6,277,660 6,261,712 1,740,000 550,000 575,000 575,000 2,615,000 1,231,413 1,218,945 1,222,273 725,941 1,172,772 280,000 290,000 778,826 365,000 - 587,565 555,727 285,148 3,738,757 3,099,158 2,639,835 385,000 400,000 915,000 141.706,273 12,544,072 13,061,807 15,025,046 2,028 72,000 72,000 120,000 2,730 170,000 170,000 415,000 15,254 1 1 1,107 30,000 1,254,831 1,462,020 750,000 750,000 183,207 208,590 4,300 4,386 16,530,786 12,910,032 750,000 750,000 291,281 174,857 3,347,917 18,470,783 18,470,783 1,772,000 1,742,000 385,922 11,404,000 343,640 20,000 211,012 300,376 100,000 75,000 10,211 5,892,761 10,276,265 2,574,000 200,000 221,940 31,336 17,903,906 10,951,617 320,000 2,870,940 43,144 40,000 40,000 6,208 5,000 5,000 6,208 43,144 45,000 45,000 400,000 750,000 1,685,000 50,000 187,380 237,380 40,000 5,000 45,000 Page 235 ACCOUNT NUMBEIJACCOUNT DESCRIPTION RDA PROJECT AREA #4 854-0000-391.00-00 Interfund Transfers In 854-0000-361.10-00 INTEREST INCOME RDA PROJECT AREA #4 !DEBT SERVICE FUND - PROJECT AREA #1 Taxes 860-0000-317.10-00 TAX INCREMENTS 860-0000-317.11-00 TAX INCREMENTS PJ#I ANNEX Interest & Rentals 860-0000-361.10-00 INTEREST INCOME Charges for Services 860-0000-379.90-00 RESTITUTION DAMAGES/LITIG 860-0000-379.97-1 1 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 DEBT SERVICE FUND - PROJECT AREA #1 DEBT SERVICE FUND - PROJECT AREA #2 Taxes 861-0000-317.10-00 TAX INCREMENTS Interest & Rentals 861-0000-361.10-00 INTEREST INCOME INTERFUND - Transfer In 861-0000-391.00-00 INTERFUND OP TR IN DEBT SERVICE FUND - PROJECT AREA #2 DEBT SERVICE FUND - PROJECT AREA #3 863-0000-317.10-00 TAX INCREMENTS 863-0000-361.10-00 INTEREST INCOME DEBT SERVICE FUND - PROJECT AREA #3 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 REDEVELOPMENT 870-0000-318.29-00 870-0000-361.10-00 870-0000-361.14-00 870-0000-361.15-00 870-0000-363.20-00 870-0000-374.10-00 870-0000-379.92-00 870-0000-379.99-00 870-0000-391.00-00 870-0000-391.10-11 870-0000-391.10-12 870-0000-391.10-13 870-0000-391.10-14 (REDEVELOPMENT IOUSING SET -ASIDE FUND Taxes 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 71 LM SET -ASIDE TR IN P#3 TI LM SET -ASIDE TR IN P#4 T1 LM SET -ASIDE LOUSING SET -ASIDE FUND City of Palm Desert Estimated Revenues Fiscal Year 2000-2001 RES. 397 Exhibit 1 ACTUAL ACTUAL ADOPTED ' PROJECTED ADOPTED FY 97-98 FY 98-99 -° FY 99-00 =<' FY 99-00 --- FY 00-01 71.433 71.433 5,879,386 11,467,415 297,969 384,352 176,373 335,449 18,540,944 6,108,774 46,646 2,672 6,158,092 617,709 21,491 639,200 1,509,384 36,185 1,545,569 418,443 8,000 16,291 646,705 9,841 5,992,235 805,140 3,586,948 1,221,755 123,542 301.877 13,130,777 802,953 217,421 1.020,374 5,807.209 12,025,622 314,032 1,176,926 165,319 314,105 19,803.213 130,000 130,000 5,000 135,000 130,000 5,921,011 5,645,267 12,256,581 13,165.580 100,000 250,000 166,000 166,000 317,000 314,000 18,760,592 19,540,847 6,665,145 6,793,424 7,220,126 50,000 (5,408) 6,659,737 6,843,424 715,096 728,971 22,995 20,000 738,091 748,971 2,437,892 2,623,699 250,000 42,653 30,000 2,480,545 2,903,699 100,845 8,058 56,573 453,211 5,000 100,000 10,000 45,000 130,000 130,000 6,058,000 14,485,000 150,000 166,000 314,000 21,173,000 7,978,000 7,220,126 7,978,000 851,030 932,500 20,000 20,000 871,030 952,500 4,058,351 4,511,000 30,000 4,088.351 5,000 10,000 56,000 53,000 53,000 3,566,566 3,635,518 3,791,170 1,333,029 1,358,685 1,444,025 143,019 145,794 170,206 487,578 524,740 811,670 6,148,879 5,877,737 6,341,071 30,000 4,541,000 5,000 10,000 56,000 31,000 4,040,600 1,569,600 183,300 887,200 6,782,700 Page 236 Exhibit _2;.RES.397 PALM DESERT REDEVELOPMENT AGENCY APPROPRIATIONS FOR FISCAL YEAR 2000-2001 FUND NAME REDEVELOPMENT AGENCY FUNDS 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 Housing Authority (Total Redevelopment Agency Funds APPROPRIATIONS FY 2000-001 7,852,700 511,000 60,000 5,189,000 20,267,312 7,196,167 925,000 4,046,228 6,969,385 2,930,623 55,947,415 I PALM DESERT REDEVELOPMENT AGENCY CAPITAL IMPROVEMENT PROGRAM EXISTING PROJECTS IN FISCAL YEAR 1999-00 CONTINUED TO FY 2000-2001 PROJECT TITLE RDA Project Area #1 Fund 850 El Paseo and Hwy 111 Land Development Fred Waring Drive Widening RDA Project Area #2 Fund 851 RDA Project Area #4 Fund 854 Land Purchase for Regional Park RDA Projects #4 Land Purchase for Regional Park RDA SR Housing Fund 870 HIP -Self Help Program HIP - Rehab. For Resale HIP - Make a Difference Day Multifamily Rehabilitation Rental Rehab. Program Desert Rose Project Portola Palms - Repair & Maint. TOTAL EXISTING PROJECTS ESTIMATED PROJECT TOTAL FOR LIFE OF PROJECT ACCOUNT NUMBERS FUNDING SOURCES 2,755,000 850-4358-433.40-01 RDA PJ Area #1 5,265,000 850-4384-433.40-01 RDA PJ Area #1 340,350 854-4495-499.40-10 RDA PJ Area #4 2,920,144 854-4627-466.40-01 RDA PJ Area #4 659,650 854-4673-454.40-10 RDA PJ Area #4 325,000 870-4492-464-30-90 500,330 870-4492-464.40-01 94,067 870-4493-464.40-01 615,523 870-4494-464.40-01 93,984 870-4494-464.40-20 183,159 870-4496-464.40-01 100,000 870-4497-464.33-21 Housing Fund 870 Housing Fund 870 Housing Fund 870 Housing Fund 870 Housing Fund 870 Housing Fund 870 Housing Fund 870 • NOTE: APPROPRIATIONS AND/OR ENCUMBRANCES FOR REBUDGET/CARRYOVER FROM FISCAL YEAR 1999-00 TO 2000-01 Continuing appropriations are amounts which have been appropriated in FY 1999-00 and are not expected to be expended by June 30, 2000 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 FY 1999-00 to FY00-01 2,755,000 4,860.305 340,350 2,1 17.899 659,650 325,000 144,023 92,691 474,213 29,248 92,389 74,385 I $11,965,153 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, 2000 for appropriations approved by Agency through the last meeting in June, 2000 Exhibit 3 Res-397