HomeMy WebLinkAbout7/28/1999 - STAFF REPORTS (2) DATE: July 28, 1999
TO: Community Redevelopment Agency of the City of Palm Springs
FROM: Office Of Management and Budget
CONTINUING APPROPRIATIONS
RECOMMENDATION:
It is recommended that the Community Redevelopment Agency of the City of
Palm Springs authorize the continuation of appropriations from the fiscal year
1998-99 budget for projects not completed.
BACKGROUND:
Each year during the budget process, the Staff is faced with the difficult
problem of trying to determine in advance which projects will be completed by
fiscal year-end and which might have to be rebudgeted in the next fiscal year.
In order to simplify this process, the policy of the Community Redevelopment
Agency has been to authorize the carrying forward of certain appropriations for
projects budgeted and started but not completed from one fiscal year into the
next fiscal year.
The requests from the agency have been reviewed, and the amounts verified, by
the Office of Management & Budget.
The current amount recommended to be continued is $663,098. This amount
will be revised as expenditures and year-end closing adjustments are posted.
The amounts requested per fund are summarized below:
Central Business District $ 23,647
South Palm Canyon 24,933
North Palm Canyon 30,169
Plaza Theater 452,450
Highland / Gateway 64,630
Low & Moderate Income Housing 66,799
TOTAL $663,098
Budget estimates for fiscal year 1999-00 have taken the requested continuing
appropriations into acc_Qu and projected fund balances will not be affected by
approval of the.ric—sJittion
RON EVERETT THOMAS M. KANARR
Director of Office of Management and Budget Director of Finance and Treasurer
APPROVED
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Executive Director [l� p,}I>b;r;V[:1)
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ATTACHMENT: 1. Resolution
RESOLUTION NO. 1075
OF THE COMMUNITY REDEVELOPMENT OF THE
CITY OF PALM SPRINGS, CALIFORNIA, APPROVING
CONTINUING APPROPRIATIONS FROM FISCAL
YEAR 1998-99 TO THE FISCAL YEAR 1999-00.
WHEREAS the Community Redevelopment Agency of the City of Palm Springs
has adopted a budget for the 1999-00 fiscal year; and
WHEREAS certain projects budgeted in the 1998-99 fiscal year budget have
been started but not completed; and
WHEREAS the unencumbered balances of those certain appropriations are
necessary for completion of the projects;
NOW THEREFORE BE IT RESOLVED by the Community Redevelopment
Agency of the City of Palm Springs as follows:
Section 1. That it hereby authorizes the carrying forward to the nearest dollar,
as continuing appropriations into the 1999-00 fiscal year, the
amount indicated or the final audited unencumbered balances,
whichever is the lesser amount, as of June 30,1999 of the following
accounts:
ACCOUNT NO. ACCOUNT TITLE AMOUNT
801-8181-65115 Landscaping/Street Furn 23,647
803-8183-65105 Low Int/Revolt' Loan Pg 21,533
803-8185-65115 Landscaping/Street Furn 3,400
806-8186-65111 Frances Stevens Fest Ctr 29,109
806-8 196-65 116 Uptown Lighting Program 1,510
807-8187-65106 Commercial Rehab/Constr 64,650
821-8199-65101 Plaza Theater Lease/Purch 452,450
882-8382-65000 Relocation Assistance 34,929
8 82-83 82-65 107 Sect 202 Senior Housing 31,870
Section 2. All appropriations approved subsequent to passage of this resolution
for the 1998-99 fiscal year, and not expended are authorized to be
continued into the 1999-00 fiscal year.
ADOPTED this 98th Day of July , 1999.
AYES: Members Barnes, Hodges, Oden, Reller-Spurgin and Chairman Kleindienst
NOES: None
ABSENTS: None
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
CITY OF PALM SPRINGS, CALIFORNIA
By
Secretary Chairman
REVIEWED & APPROVED
CC`ao - 2