The URL can be used to link to this page

Home My WebLink AboutRDA RES 539RESOLUTION NO. 539 A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY, PALM DESERT, CALIFORNIA, AMENDING THE FISCAL YEAR 2006-07 BUDGET AS A RESULT OF MID -YEAR ADJUSTMENTS WHEREAS, as a result of Mid -Year review of the budget, it is desirable to revise the 2006-07 Budget; NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency, Palm Desert, California, that the 2006-07 Budget is hereby revised as follows: 1. The amount shown in the column entitled "Revised Appropriations" in the table entitled "Palm Desert Redevelopment Agency, Mid -Year 2006-07 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 2006- 07. 2. The amounts shown in the column entitled "Revised Estimated Revenues" in the tab entitled "Palm Desert Redevelopment Agency, Mid -Year 2006- 07 Budget Review, Revised Estimated Revenues", attached hereto as Exhibit "B", are hereby accepted as the Estimated Revenues for the 2006- 07 Fiscal Year for each fund and revenue source. PASSED, APPROVED AND ADOPTED, at the regular meeting of the Palm Desert Redevelopment Agency held on this 8th day of February 2007, by the following vote to wit: AYES: BENSON, FERGUSON, FINERTY, SPIEGEL, and KELLY NOES: NONE ABSENT: NONE ABSTAIN: NONE ATTEST: RACHELLE D. KLASSEN, SECRETAR PALM DESERT REDEVELOPMENT AGENCY SIA RI HARD S. K L , CHAlr AN W:Wgenda Items\2007-Feb 8\RDA HA Resolutions Amending 2006-07 Budget\RDA Reso.doc RESOLUTION NO. 539 FUND/DEPARTMENT Reg yeroOMertt'Agency Mileage Phone Service RedeveteOmartt Agony Property Acquisition Property Acquisition PALM DESERT REDEVELOPMENT AGENCY MID -YEAR 2006-2007 BUDGET REVIEW REVISED APPROPRIATIONS OPERATING BUDGET Protect Area 51 850-4195-468-3115 850-4195-468-3650 Protect Armin 851-4495-464-4001 851-4673-454-4001 Econon1Ut Dowlopinant Printing/Duplicating Dues El Paseo Courtesy Carts Debt Skirkia PA NO: Debt Service 97-1 Interest Debt Service 04-1 Principal Debt Service 04-1 Interest Debt Service 06-1 Principal Debt Service 06-1 Interest Pass -Through Payments Housing Set -Aside Transfer Debt S rice PA No. 2 Debt Service 03-2 Interest Debt Service 03-2 Principal Debt Service 06-2 Interest Pass -Through Payments Housing Set -Aside Transfer Debt giiWISi PA No. 3 Debt Service 03-3 Principal Debt Service 03-3 Interest Debt Service 24.945 Principal Debt Service 24.945 Interest Debt Service 08-3 Principal Debt Service 06-3 Interest Pass -Through Payments Housing Set -Aside Transfer Debt lionAtr PA Nor 4 Advance Refund Escrow Debt Service 98-4 Interest Debt Service 98-4 Principal Debt Service 01-4 Interest Debt Service 01-4 Principal Debt Service 02 TARB Debt Service 02 TARB Debt Service 06-4 Interest Pass -Through Payments Housing Set -Aside Transfer Housin(tlrund.CaDttat Office Supplies Postage Office Equipment Interfund Op Transfer Out Palm Village Apartments Workforce Housing Grant Flnanclnq Authority Interest Expense Principal Expense Total 850-4430-422-3810 850-4430-422-3630 850-4416-414-3881 880-4199-499-5022 860-4199-499-5040 860-4199-499-5041 860-4199-499-5042 860-4199-499-5043 860-4195-466-3647 860-4199-499-5090 861-4199-499-5034 861-4199-499-5035 861-4199-499-5046 861-4195-466-3847 861-4199-499-5090 863-4199-499-5038 883-4199-499-5039 863-4199-499-5040 863-4199-499-5041 863-4199-499-5048 863-4199-499-5049 863-4195-466-3647 863-4199-499-5090 884-4195-468-3643 864-4199-499-5028 864-4199-499-5029 884-4199-499-5030 884-4199-499-5031 884-4199-499-5032 864-4199-499-5033 864-4199-499-5051 864-4195-488-3847 864-4199-499-5090 870-4195-466-2110 870-4195-466-3680 870-4195-468-4040 870-4199-468-5010 8704349-433-4001 870-4490-464-3090 390-4790-477-3835 390-4790-477-3645 CHANGE INC/(DEC) $ 2000 $ 500 $ (9,500,0001 $ 3,502,512 $ 7,000 $ 1,000 $ 5,000 $ (1,327,2191 $ (200,000) $ (2,440,6251 $ 2,015,000 $ 8,051 $ 1`421,102 $ 722,371 $ (1,044,955) $ (285`000) $ 182`013 $ 732,851 $ 252,788 $ (110, 000) $ (546`150) $ (110,000) $ (548,150) $ 40.000 $ 386,881 $ 104,116 $ 67,403 $ 292,738 $ (79,189) $ (250,000) $ (125,000) $ (533,088) $ (125,000) $ (533,088) $ 477,954 $ 639,633 $ 262,132 $ 1,000 $ 2,000 $ 5,000 $ 11,540,701 $ 300, 000 $ 93,209 $ (1,656,407) $ 1,170,000 $ 4,822,902 Exhibit "A" t��E11Y5EU APPROPRIATIONS 6.500 Additional mileage due to training/conferences Additional phone service fees f 9.602.512 Incorrect account number applied at budget. Correct account number (36 Acre Acquisition) Print New Brochures/Video New Memberships Golf Cart Maintenance Refunded Portion of this Issue Reduction in Debt Service Reduction in Debt Service Increase in Debt Service Increase in Debt Service Increase in Tax Increment Increase in Tax Increment Reduction in Debt Service Reduction in Debt Service Increase in Debt Service Increase in Tax Increment Increase in Tax Increment Reduction in Debt Service Reduction in Debt Service Reduction in Debt Service Reduction in Debt Service Increase in Debt Service Increase in Debt Service Increase in Tax Increment Increase in Tax Increment _. - Escrow Refunded Reduction in Debt Service Reduction in Debt Service Reduction in Debt Service Reduction in Debt Service Reduction in Debt Service Reduction In Debt Service Increase in Debt Service Increase in Tax Increment Increase in Tax Increment Additional Office Supplies Increase due to Fed Ex Furniture/FilingSystem Acquisition Transfer to HA Cash for Complex Renovation Increase due to Extended Conditions/Signage Grant Funding -Clubhouse Fumishings 240.200 11173.747 2,933.518 11 15.403.656, 1 Decrease in Interest Due Increase in Principal Due 22.795,775 $ 108,176,706 RESOLUTION NO. 539 PALM DESERT REDEVELOPMENT AGENCY MID -YEAR 2006-2007 BUDGET REVIEW REVISED ESTIMATED REVENUES FUNDIDEPARTMENT Protect Area No. 1 Tax Increment 860-0000-317-1000 $ Pro ect Area No. 2 Tax Increment 861-0000-317-1000 $ CHANGE REVISED INCI(DEC) PROJECTIONS 23,123 Increase in Tax Increment 860-0000-317-1100 $ 3,588,735 Proasclt Ares No. 3 Tax Increment 863-0000-317-1000 Proasct Alton No. 4 Tax Increment Totals H owins 111F,A Transfer in PA No. 1 Transfer in PA No 2 Transfer in PA No 3 Transfer in PA No. 4 864-0000-317-1000 870-0000-391-1011 870-0000-391-1012 870-0000-391-1013 870-0000-391-1014 OD Transfer In 390-0000-391-0000 $ Totals 1,263,927 Increase in Tax Increment 337,016 Increase in Tax Increment 1,310,659 Increase in Tax Increment 722,371 Increase in Tax Increment 252,786 Increase in Tax Increment 67,403 Increase in Tax Increment 262,132 Increase in Tax Increment (486,407) Decrease in Total Debt Service $ 7,341,745 $ Exhibit "B" 44,804,391 15,714.500 3,400,747 12,105.349 15,204,090 -22,1l8:770- 114,025,770