HomeMy WebLinkAboutRes. No. 560 - Redevelopment AgencyRESOLUTION NO. 56g
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, 2009 THROUGH JUNE 30, 2010
WHEREAS, the Board has received and considered the proposed Program and Financial Plan
submitted by the Executive Director on June 25, 2009; 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 2009-2010 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 2009-2010 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 2008-2009 Fiscal Year.
The amounts included in this exhibit include all unexpended amounts from purchase orders
and contracts encumbered by June 30, 2009.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert
Redevelopment Agency held on this 25 day of June, 2009, by the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
ROBERT SPIEGEL, MAYOR
ATTEST:
RACHELLE KLASSEN, CITY CLERK
CITY OF PALM DESERT, CALIFORNIA
res-rdafinp1an09-10 w
PALM DESERT ESTIMATED REVENUES, Exhibit 1
Resolution No. 560
CATEGORY / FUND
Project Area 1 Fund:
1. Reimbursements
2. Interest
3. Transfers In
Total Proiect Area 1 Fund
Proiect Area 2 Fund:
1. Reimbursements
2. Interest
Total Proiect Area 2 Fund
Proiect Area 3 Fund:
1.Interest
2. Transfers In
Total Proiect Area 3 Fund
Proiect Area 4 Fund:
1. Interest
2. Transfers In
Total Proiect Area 4 Fund
Actual Actual Budget Projected Budget
FY 06-07 FY 07-08 FY 08-09 FY 08-09 FY 09-10
55,000 55,000
2,394,758 2,394,758
50,382,639 50,382,639
52,832,397 52,832,397
52,952,980
2,558,740
55,511,720
991,271
13,923,580
14,914,851
1,409, 732
18,240,063
19,649,795
52,952,980
2,558,740
55,511,720
991,271
13, 923, 580
14,914,851
1,409, 732
18, 240, 063
19, 649, 795
Page 1-34
PALM DESERT ESTIMATED REVENUES, Exhibit 1
Resolution No. 560
CATEGORY / FUND
Financing Authority RDA:
1. Transfer In
2. Bond Issued/Premiums
3. Interest
Total Debt Service 1 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
Total Debt Service 2 Fund
Debt Service 3 Fund:
1. Tax Increment
2. Interest
Total Debt Service 3 Fund
Debt Service 4 Fund:
1. Tax Increment
2. Interest
Total Debt Service 4 Fund
Housing Fund:
1. Transfers In
2. Reimbursements
3. Interest
Total Housing Fund
Actual Actual Budget Projected Budget
FY 06-07 FY 07-08 FY 08-09 FY 08-09 FY 09-10
22,683,605
292,155,269
911,476
315, 750, 350
48, 895, 277
2,223,024
506,990
51,625,291
31,338,594
523,406
31,862,000
36,192,151
108,000
36, 300,151
34,145, 777
34,145, 777
52,304,574 49,641,800 51,699,719 48,232,687
2,079,371
468,379
54,852,324 49,641,800 51,699,719 48,232,687
17,072,105 18, 819, 502 17,963, 630 19, 354,131 18,152,420
472,204 418,899
17, 544,309 19,238,401 17, 963, 630 19, 354,131 18,152,420
3,563,031 4,352,724 3,973,983 4,677,965 4,147,762
155,454 161,559
3,718,485 4,514,283 3,973,983 4,677,965 4,147,762
13, 336, 924 14,450, 888 13,665, 890 13, 643, 526 12, 573,199
156,357 212,866
13,493,281 14,663,754 13,665,890 13,643, 526 12, 573,199
70,285,006
181,896
1,701,614
72,168, 516
33, 436, 935 17, 049, 061 17,666,860 16, 621, 213
219,988
2,659,448 -
36,316,371 17,049,061 17,666,860 16,621,213
Page 1-35
FUND NAME
1REDEVELOPMENTAGENCY 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 2009-2010
4,932,195
848,500
153,000
352,000
44, 458, 222
18, 388, 096
3,905,304
11,780,504
18, 746, 224
103,564,045
REDEVELOPMENT AGENCY
CAPITAL IMPROVEMENT PROGRAM
EXISTING PROJECTS IN FISCAL YEAR 2008-09 CONTINUED TO FY 2009-2010
PROJECT TITLE
Trust Fund
Homme/Adams Park
RDA Proiect Area #1 Fund 850
Fire Station #33 Renovation
Alessandro Alleyway
Entrada del Paseo
Monterey Widening (CC to Ford)
Property Acquisition
RDA Projects (Portola Properties/Adobe Villas)
El Paseo Revitalization
Police Academy (COD)
RDA Proiect Area #2 Fund 851
Fire Station #71 Renovation
NS Fire Station
Portola @ 1-10
Monterey/Country Club to G. Ford
Monterey @ 1-10
Aquatic Facility
NS Infrastructure (DW Well Sites)
Section 4 - Desert Willow Renovation (Greens)
Police Academy (COD)
RDA Proiect Area #3 Fund 853
Portola @ 1-10
Cook Street Improvements
Falcon/Hovley Perimeter Landscaping
Police Academy (COD)
RDA Protect Area #4 Fund 854
Underground Neighborhood
Casey's Restaurant
Police Academy (COD)
TOTAL EXISTING PROJECTS
ESTIMATED
PROJECT
TOTAL FOR
LIFE OF
PROJECT
ACCOUNT
NUMBERS
600,000 880-0000-239.91-00
900,000 850-4220-464.40-01
7,384,212 850-4341-433.40-01
Continuing 850-4358-433.40-01
1,000,000 850-4363-433.40-01
Continuing 850-4495-464.40-01
220,000 850-4627-466.40-01
5,000,000 850-4679-464.40-01
500,000 850-4800-454.39-04
900,000 851-4220-464.40-01
7,174, 924 851-4270-422.40-01
4,300,000 851-4351-433.40-01
1,000,000 851-4363-433.40-01
2,000,000 851-4389-433.40-01
6,000,000 851-4549-454.40-01
2,097,364 851-4619-433.40-01
Continuing 851-4663-454.40-01
500,000 851-4800-454.39-04
8,200,000 853-4351-433.40-01
3,000,000 853-4385-433.40-01
250,000 853-4388-433.40-01
500,000 853-4800-454.39-04
13,380,000 854-4256-464.40-01
Continuing 854-4495-499.40-10
500,000 854-4800-454.39-04
NOTE: APPROPRIATIONS AND/OR ENCUMBRANCES FOR REBUDGET/CARRYOVER
FROM FISCAL YEAR 2008-09 TO 2009-10
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#2
RDA PJ Area#2
RDA PJ Area#2
RDA PJ Area#2
RDA PJ Area#2
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
RDA PJ Area#4
Continuing appropriations are amounts which have been appropriated in FY 2008-09 and are not expected to be expended by
June 30, 2009. 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.
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, 2009 for appropriations approved by the Agency through the last meeting in
June, 2009.
AMOUNTS ARE SUBJECT TO CHANGE DUE TO PROJECTS APPROVED BY COUNCIL PRIOR TO JUNE 30, 2009
Note:Above amounts are as of March 23, 2009
Exhibit 3
NO.
1
FY 2008-09
to FY09-10
* SEE NOTE
276,518
900,000
5,351,155
907,848
1,000,000
883,312
203,990
4,430,210
500,000
900,000
7,174,924
4,300,000
1,000,000
1,180, 578
6,000,000
1,323,189
759,006
500,000
8,200,000
2,709,171
250,000
500,000
13,380,000
119,119
500,000
$63,249,020 I