HomeMy WebLinkAboutRDA RES 411RESOLUTION NO. 411
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY BOARD,
-- - PALM DESERT, CALIFORNIA, AMENDING THE FISCAL YEAR 2000-2001
BUDGET AS A RESULT OF MID-YEAR ADJUSTMENTS.
WHEREAS, as a result of a Mid-Year review of the budget, it is desirable to revise
the 2000-2001 Budget;
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency Board,
Palm Desert, Califomia, that the 2000-2001 Budget is hereby revised as follows:
1. The amounts shown in the column entitled "Revised Appropriations" in the
table entitled "Palm Desert Redevelopment Agency, Mid-Year 2QQ0-01 Budget
Review, Revised Appropriations Operating Budget", attached hereto as Exhibit "A",
are hereby appropriated to the departments, activities and projects identified therein
as the Operating Budget for 2000-01.
2. The amounts shown in the column entitled "Revised Estimated Revenues"
in the tab entitled "Redevelopment Agency, Mid-Year 2000-01 Budget Review,
Revised Estimated Revenues", attached hereto as Exhibit "B", are hereby accepted
as the Estimated Revenues for the 2000-01 Fiscal Year for each fund and revenue
source.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert
Redevelopment Board held on this ? 2. day of February 2001, by the following vote,
to wit:
AYES: BENSON, KELLY, SPIEGEL, FERGUSON
NOES: NONE
ABSENT: CRITES
ABSTAIN: NONE
T:
` SHEILA R. �LLIG , CITY CLERK
CITY OF PALM DE RT, CALIFORNIA
�_ PALM DESERT REDEVELOPMENT AGENCY
j�s; . 411
Exhibit "A"
FUND/
DEPARTMENT
REVISED CHANGE
APPROPRIATIONS INC/ , EC�
REDBVELOPMENT AGENCY:
Project Area #1
CVAG 1-lOPayment
Pub. Safety Underground
Project Area #2
Assessment Dist. Charges
Project Area #4
CVAG 1-10 Payment
-0-
25,000
55,000
250,000
(250,000)
25,000
5,000
250,000
Housing Fund
Portola Palms Acquisition 120,000 45,615
Desert Rose Acquisition 320,000 226,721
Acquisitiion Rehab./Resale 648,933 300 000
PALM DESERT REDEVELOPMENT AGENCY
MID-YEAR 2000/O1 BUDGET REVIEW
REVISED APPROPRIATIONS
OPERATING BUDGET
(27,664)
RES: 411
Exhibit "B"
Rental Income
Sales of Property
PALM DESERT REDEVELOPMENT AGENCY
MID-YEAR 2000/O1 BUDGET REVIEW
REVISED ESTIMATED REVENUES
Ad,�usted Bud�et
: ���
474,000
Increase
(28,000)
470.040
TOTAL 442,000