HomeMy WebLinkAboutResolution - 94-4 RESOLUTION NO. RDA 94-4
RESOLUTION OF THE CITY COUNCIL ACTING IN THEIR
CAPACITY AS THE REDEVELOPMENT AGENCY OF THE
CITY OF SAN JACINTO, CALIFORNIA, ADOPTING THE
BUDGET FOR FISCAL YEAR COMMENCIM JULY 1, 1994
AND ENDING JUNE 30, 1995
THE CITY COUNCIL ACTING IN THEIR CAPACITY AS THE REDEVELOPMENT
AGENCY OF THE CITY OF SAN JACINTO DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The Budget for the Redevelopment Agency of
the City of San Jacinto for the fiscal year commencing July 1,
1994, and ending June 30, 1995, is hereby approved and adopted,
and incorporated herein as Exhibit "A" .
SECTION 2. The Approved Budget is in accordance with all
applicable ordinances of the City, Redevelopment Agency and all
applicable statutes of the State. The reallocation of
appropriations between departmental activities may be made upon
approval of the Executive Director, providing there is no change
in the total appropriations as approved by the Agency Members.
SECTION 3 . Amendments to the Budget shall be by approval
and Resolution of the Redevelopment Agency Members.
SECTION 4. The Secretary shall certify the adoption of the
Budget and shall cause it to be filed with the County Auditor,
within 60 days of the adoption, along with a certified copy of
the Resolution.
APPROVED AND ADOPTED this 21st day of June, 1994.
VOTE:
Ayes: Agency members Leahy, Solor ' Will airman Hafliger
Noes: NOne
Absent: Vacant Seat Z
ATTEST:
Assistant Secretary
CITY OF SAN JACINTO
1994-95 REVENUE FORECAST
1992-93 1993-94 1994-95
ESTIMATED ESTIMATED FORECAST
FUND DESCRIPTION REVENUES REVENUES REVENUES
91 RDA-SOBOBA PROJECT FUND
5011 Inter-Fund Transfers In 108,000 104,221 95,310
TOTAL SOBOBA PROJECT 108,000 104,221 95,310
92 RDA-SOBOBA DEBT SERVICE
0405 Property Tax Increment 145,000 163,200 147,145
0410 Interest Earnings 15,000 11,250 12455
TOTAL SOBOBA DEBT SERVICE 160,000 174,450 159,600
96 RDA-SAN JACINTO PROJECT FUND
0410 Interest Earnings 47,500 130,500 0
0501 Bond Proceeds 0 2,900,000 0
5011 Inter-Fund Transfer In 1,644,907 551,258 877,337
TOTAL SAN JACINTO PROJECT FUND 1,692,407 3,581,758 877,337
97 RDA-SAN JACINTO DEBT SERVICE
0405 Property Tax Increment 950,000 1,048,000 1,078,000
0410 Interest Earnings 47,500 47,160 28,000
TOTAL SAN JACINTO DEBT SERVICE 997,500 1,095,160 1,106,000
99 RDA-LOW AND MODERATE INCOME HOUSING
0405 Property Tax Increment 226,000 298,300 323,335
0410 Interest Earnings 11,300 350,275 25,515
0501 Bond Proceeds 0 1,155,000 0
TOTAL LOW/MODERATE INCOME HOUSING 237,300 1,803,575 348,850
GRAND TOTALS 3,195,207 6,759,164 2,587,097
RDA-
CITY OF SAN JACINTO
1994-95 PROPOSED BUDGET
EXPENDITURE COMPARISON
1992-93 1993-94 1994-95
ADOPTED ADOPTED PROPOSED
FUND DESCRIPTION BUDGET BUDGET BUDGET
9700 Soboba Project Area 108,000 104,221 95,310
92 REDEVELOPMENT- DEBT SERVICE
9700 Soboba Project Area 124,164 104,221 105,397
96 REDEVELOPMENT-CAPITAL PROJECT
9700 San Jacinto Project Area 2,106,977 3,334,608 2,812,337
97 REDEVELOPMENT- DEBT SERVICE
9700 San Jacinto Project Area 1,150,000 845,725 1,510,212
99 REDEVELOPMENT- LOW& MODERATE HOUSING
9700 San Jacinto Project Area 267,300 292,998 1,033,114
TOTAL REDEVELOPMENT 3,756,441 4,681,773 5,556,370