HomeMy WebLinkAboutRDA RES 463RESOLUTION NO. 463
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY BOARD,
— PALM DESERT, CALIFORNIA, AMENDING THE FISCAL YEAR 2002-2003
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 2002-2003 Budget;
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency Board,
Palm Desert, California, that the 2002-2003 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 2002-03 Budget
Review, Revised Appropriations Operating Budget", attached hereto as Exhibit "A",
are hereby appropriated to the departments, activities ana projects identified therein
as the Operating Budget for 2002-03.
2. The amounts shown in the column entitled "Revised Estimated Revenues"
in the tab entitled "Redevelopment Aaency, Mid-Year 2002-03 Budget Review,
Re��ised Estimated Revenues", attached hereto as Exhibit "B", are hercby accepted
as the Estimated Reti�enues for the 2002-03 Fiscal Year for each fund and reveniie
sourcc.
PASSED, APPROVED A\D ADOPTED at the regularmeeting ofthe Pafm Dcsert
Rede��elopment Board held on this 13ti� da��of February 2003, b}'the follo���in�� vote,
to �t�it:
AYES: CRITES, FERGUSON, KEI.LY, SPIF.GF.L, BENSON
NOES: NONE
ABSENT: tvoNE
ABSTAII�: NONE
Al�TEST:
C�IELLE KLASSE\, SECRETARY
CITY OF PALM DESERT, CALIFOR'.vIA
PALNI DESERT REDEVELOPMENT AGEtiC�'
BENSON, C�-fAIRM�N
RESOLUTION N0. 463
RES:
Exhibit "A"
PALM DESERT REDEVELOPMENT AGENCY
MID-YEAR 2002/03 BUDGET REVIEW
REVISED APPROPRIATIONS
OPERATING BUDGET
FUND/
DEPARTMENT
CHANGE
INC/(DEC)
REVISED
APPROPRIATIONS
(Original Budget plus
ChanQe=Revised)
REDEVELOPMENT AGENCY:
Project Area #1
Prof. -Temp. Help(Accountant)
Capital-Office Equip.
Project Area #2
Prof. - Legal(Ne�otiations �v/Hotels-DDA)
Debt Scr��icc =1
Pass Throu��h Pavments
Lo��� Mod Transfcr Out
ERAF Paymcnt to State
Debt Scn�icc #2
Yass Throiigh Payments
Lo�� Mod Transfcr Out
ERAF Pa�m�cnt to State
Debt Ser��ice n �
Lo� Mod Transfer Out
ER:'1F PayTl�ent to State
Debt Ser��ice #4
Pass Throu;�h Payments
Lo��� Mod Transier Out
ERAF PayRnent to State
Hotisin�� Tund
Of�ce Supplies
Prof.- Lc�,al (Stiptilation amendmcnt)
Prof. -Otlier (En�,incerin�= Project Mgii�t)
Dues
Interest L�peilse(?�`c« Bonds)
8,682,449
30,000
5,000
10,000
2,277,500
2�.056.446
1,129,922
237,58G
751,480
GG6.707
� 1 1,894
?50,87 �
Z �,10�
� 7,? 41
9,3�9,27 �
1.309,69�
7.257.108
108.974
59.7G9
144.��9
1,OOU
92.000
40,000
1.000
3O�.1 U(�
1 J.7�J.830
RESOLUTION N0. 463
RES:
Exhibit "B"
Project Area #1
Tax Increment
Project Area #2
Tax Increment
Project Area #3
Tax Increment
Project Area #4
Tax Increment
Housing Fund:
Transfer In Proj. 1
Transfer In Proj. 2
Z'ransfer In Proj. 3
Transfer In Proj. �
PALM DESERT REDEVELOPMENT AGENCY
MID-YEAR 2002/03 BUDGET REVIEW
REVISED ESTIMATED REVENUES
Increase
887,592
1,409,467
94,024
178,841
Adjusted BudQet(Orig. + Inc=Rev.)
30,222,292
10,346,774
1,355,874
7,207,172
143,486
281,894
18,805
35,7G9
9,587,091
TOT aL 3,049,878