HomeMy WebLinkAbout6/20/2001 - STAFF REPORTS (5) Rr
DATE: June 20, 2001
TO: Community Redevelopment Agency of the City of Palm Springs
FROM: C.R.A. Treasurer
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 2001-01 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 City Council 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 each department have been reviewed, and the amounts verified, by
the Finance Department.
The current amount recommended to be continued is $2,133,039. This amount will be
revised as expenditures and year-end closing adjustments are posted.
The Amounts requested per fund are summarized below:
Merged Area No. 1 $ 54,948
Merged Area No. 2 78,731
Low& Mod Income Housing 1,999,360
TOTAL $ 2,133,039
Budget estimates for fiscal year 2001-02 have taken the requested continuing
appropriations into account, and projected fund balances will not be affected by approval
of the resolution.
Thomas M. Kanarr
Director of Finance &Treasurer
APPROVED
City Manager
ATTACHMENT: 1. Resolution
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RESOLUTION NO. 1134
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM
SPRINGS, CALIFORNIA, APPROVING CONTINUING APPROPRIATIONS
FROM FISCAL YEAR 2000-01 TO THE FISCAL YEAR 2001-02.
WHEREAS the City Council of the City of Palm Springs has adopted a budget
for the 2001-02 fiscal year; and
WHEREAS certain projects budgeted in the 2000-01 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 that the City Council of the City of
Palm Springs hereby authorizes the carrying forward to the nearest dollar, as
continuing appropriations into the 2001-02 fiscal year, the amount indicated or
the final audited unencumbered balances, whichever is the lesser amount, as
of June 30, 2001 of the following accounts:
ACCOUNT NO: ACCOUNT TITLE AMOUNT
811-8191-65111 Frances Stevens Festival Center $ 6,832
81 1-81 91-651 1 6 Uptown Lighting Program 2,599
811-8191-65127 Rudnick Building Demo 2,601
81 1-81 91-65128 Palm Tree Wells Raising 22,500
811-8191-65131 E Palm Canyon Light Fixtures 9,557
811-8191-65134 Radio Road Improve Phase II 10,859
812-8192-65130 E Tahquitz Light Fixtures 78,731
882-8382-65000 Realocation Assistance 34,929
882-8382-65107 Sect 202 Senior Housing 31,870
882-8382-65121 Cottonwood/Chuckwalla SFR 188,500
882-8382-65122 SFR Rehab Program 895,785
882-8382-65126 Heritage Apts. OPA 333,026
882-8382-65135 Burnett Development DDA 15,250
882-8382-65140 Garden Springs Apartments DDA 500,000
RESOLUTION NO. PAGE 2
All appropriations approved subsequent to passage of this resolution, but
prior to the end of the 2000-01 year.
ADOPTED this day of 12001
AYES:
NOES:
ABSENT:
ATTEST:
CITY OF PALM SPRINGS
BY
Assistant Secretary Chairman
REVIEWED &APPROVED
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