HomeMy WebLinkAboutRDA RES 493RESOLUTION NO. 493
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, 2004 THROUGH JUNE 30, 2005
WHEREAS, the Board has received and considered the proposed
Program and Financial Plan submitted by the Executive Director on June ,
2004; 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 2004-2005 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 2004-2005
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 2003-2004 Fiscal Year. The amounts included in
this exhibit include all unexpended amounts from purchase orders and
contracts encumbered by June 30, 2004.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm
Desert Redevelopment Agency held on this 24 day of June, 2004, by the
following vote, to wit:
AYES: BENSON, CRITES, FERGUSON, BELLY, SPIEGEL
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
ROBERT A. SPIE
H: I WP5 J I BUD 04-051 RES-RDAFINPLANO4O5. WPD
PALM DESERT ESTIMATED REVENUES, Exhibit 1, Res# 493
CATEGORY / FUND
Protect Area 1 Fund:
1. Reimbursements
2. Interest
3. Transfers In
1st Year 2nd Year
Actual Adopted Projected Budget Budget
FY 02-03 FY 03-04 FY 03-04 FY 04-05 FY 05-06
10,176
510,243
1,461,187
Total Proiect Area 1 Fund 1,981,606
535,000 -
400,000 400,000 400,000 400,000
1,200,000 700,000 700,000 700,000
2,135,000 1,100,000 1,100,000 1,100,000
Prolect Area 2 Fund:
1. Reimbursements 1,109
2. Interest 93,435 50,000 50,000 50,000 50,000
3. Transfers In 16,487,261 255,000
Total Proiect Area 2 Fund 16,581,805 305,000 50,000 50,000 50,000
Proiect Area 3 Fund:
1. Transfers In 93,963 41,000 41,000 185,000 190,550
Total Proiect Area 3 Fund 93,963 41,000 41,000 185,000 190,550
Prolect Area 4 Fund:
1. Interest
2. Transfers In
395,323 -
90,433 82,000 130,200 186,000 191,580
Total Prolect Area 4 Fund
Debt Service 1 Fund:
1 Tax Increment
2. Interest
3. Reimbursement fm COD/County
Total Debt Service 1 Fund
Debt Service 2 Fund:
1. Tax Increment
2. Interest
3. Transfers In
Total Debt Service 2 Fund
Debt Service 3 Fund:
1. Tax Increment
2. Interest
3. Transfers In
Total Debt Service 3 Fund
Debt Service 4 Fund:
1. Tax Increment
2. Interest
Total Debt Service 4 Fund
Housino Fund:
1. Transfers In
2. Reimbursements
3. Interest
Total Housino Fund
485,756 82,000 130,200 186,000 191,580
30,408,663 30,776,616 32,461,619 33,435,860 34,438,900
301,624 100,000 652,535 697,000 640,000
456,915 485,000 485,000 753,312 500,000
31,167,202 31,361,616 33,599,154 34,886,172 35,578,900
10, 837, 614 10,639,031 11, 721, 300 12, 483, 000 13, 294, 600
108,462 40,000 290,000 225,000 225,000
1,104,363
12, 050,439 10,679,031 12,011,300 12,708,000 13, 519,600
1,419,653 1,381,841 2,040,800 2,102,000 2,165,000
23,736 15,000 44,000 50,000 50,000
1,443,389 1,396,841 2,084,800 2,152,000 2,215,000
7,583,916 7,394,463 8,028,200 8,269,000 8,517,100
23,980 30,000 40,000 35,000 50,000
7,607,896 7,424,463 8,068,200 8,304,000 8,567,100
24, 877,909 10,038, 390 11,014, 345 14, 775,403 14, 775,403
172,176
282,521
25,332,606 10,038,390 11,014,345 14, 775,403 14, 775,403
�Nni‘ tl.�.:.»;,iri,ma,3ii�i�`iernia1
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
'Total Redevelopment Agency Funds
APPROPRIATIONS
FY 2004-2005
2,894,950
489,608
185,000
10,605,000
31,660,943
10,872,883
1,631,236
8,082,293
14,673,035
81,094,948
REDEVELOPMENT AGENCY
CAPITAL IMPROVEMENT PROGRAM
EXISTING PROJECTS IN FISCAL YEAR 2003-04 CONTINUED TO FY 2004-2005
PROJECT TITLE
Trust Fund
HommelAdams Park
RDA Protect Area #1 Fund 850
Undergrounding-Major Arts
U ndergrounding-Neighborhood
Entrada El Paseo-12 Acre
Fred Waring Street Improvement
Palms to Pines East Glasser
Palms to Pines - Central
Perimeter Landscaping
Lot - San Marion
COD Pool
Architectural Review Loan Program
RDA Proiect Area #2 Fund 851
Desert Willow Pads
DW Parking - For Condition of Approval/Lakes
Perimeter Landscaping
CVWD Well Site Development -Desert Willow
RDA Protect Area #3 Fund 853
42nd Avenue Sidewalks
Perimeter Landscaping
Corp Yard
Merle Street Sewers
RDA Project Area #4 Fund 854
RDA Project -Fred Waring
Regional Park
RDA SR Houslno Fund 870
Palm Village Apartments
Home Improvement Program
Home Improvement Program
Property Acquisition
TOTAL EXISTING PROJECTS
ESTIMATED
PROJECT
TOTAL FOR
LIFE OF
PROJECT
ACCOUNT
NUMBERS
600,000 880-0000-239.91-00
1,931,000 850-4255-464.40-01
3,000,000 - 850-4256-464.40-01
8,211,899 850-4358-433.40-01
9,165,000.850-4384-433.40-01
1,400,000-850-4435-464.40-01
800,000 850-4364-433.40-01
96,634 850-4388-433.40-01
145,00C1850-4373-454.40-10
500,00C '850-4549-454.40-01
Continuing 850-4800-454.30-90
Continuing 851-4640-454.40-01
Continuing 851-4663-454.40-01
252,845.851-4388-433.40-01
2,097,364-851-4619-433.40-01
634,97G•853-4616-433.40-01
16,304 853-4388-433.40-01
75,000 853-4330-466.40-01
1,323,782 853-4598-433.40-01
2,000,000 854-4384-433.40-01
7,250,000 854-4670-454.40-01
3,834,452 870-4349-433.40-01
350,000 870-4473-464.40-01
Continuing 870-4493-464.40-01
Continuing 870-4495-464.40-01
FUNDING
SOURCES
Trust Fund 880
RDA PJ Area#1
RDA PJ Area#1
RDA PJ Area#1
RDA PJ Area#1
RDA PJ Area#1
RDA PJ Area#1
RDA PJ Area#1
RDA PJ Area#1
RDA PJ Area#1
RDA PJ Area#1
RDA PJ Area#2
RDA PJ Area#2
RDA PJ Area#2
RDA PJ Area#2
RDA PJ Area#3
RDA PJ Area#3
RDA PJ Area#3
RDA PJ Area#3
RDA PJ Area#4
RDA PJ Area#4
Housing Fund 870
Housing Fund 870
Housing Fund 870
Housing Fund 870
• NOTE: APPROPRIATIONS AND/OR ENCUMBRANCES FOR REBUDGET/CARRYOVER
FROM FISCAL YEAR 2003-04 TO 2004-05
Continuing appropriations are amounts which have been appropriated in FY 2003-04 and are not expected to be expended by
June 30, 2004. 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 al/ approved spending.
The exact amount of appropriations for carryover in each fund indicated will be determined at the end of the fiscal year during (he
preparation of financial statements. This amount win include: 1) purchase orders and contracts encumbered totals and
2) unencumbered balances as of June 30, 2004 for appropriations approved by the Agecny Board through the last meeting in
June, 2004.
Exhibit 3
Resolution NO. 493
FY 2003-04
to FY04-05
• SEE NOTE
512,262
576,978
88,606
5,459,516
782,993
1,400,000
800,000•
96,634
8,484
454,987
92,750-
60,942
1,314,71b4
252,845�
1,324,662
450,000
16,304
75,000
21,689
2,000,000
5,547,398
3,544,796
380,000
325,689
2,000,000
$27.587,250 I