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HomeMy WebLinkAbout2006-06-07 STAFF REPORTS RA2 ?PAM gp� iy c V / N � x e x� °trormao''3' x '941FOR COMMUNITY REDEVELOPMENT AGENCY STAFF REPORT DATE: June 7, 2006 Public Hearing SUBJECT: ADOPTION OF FISCAL YEAR 2006-2007 BUDGET FROM: David H. Ready, City Manager/Executive Director BY: Department of Finance and Treasury and Department of Community and Economic Development SUMMARY Adoption of the Fiscal Year 2006-2007 Budget RECOMMENDATION: 1. Adopt Resolution No. "A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING A BUDGET FOR THE FISCAL YEAR 2006-2007." 2. Direct the City Manager/Executive Director and Director of Finance and Agency Treasurer to take the necessary action to execute the adoption of the budget. STAFF ANALYSIS: The proposed budget for the Community Redevelopment Agency is $15,503,100. Included in this amount is $1,965,243 for Low and Moderate Housing. This budget reflects the reorganization of the Community and Economic Development Department. The budget includes $60,000 for assistance in completing the General Plan. It also includes $100,000 for Downtown Development Projects. FISCAL IMPACT: The CRA proposed budget is $15,503,100 for Fiscal Year 2006-2007. There is sufficient new tax increment to fund this budget. VTEII4 NIC). e -- City Council Staff Report June 7,2006 -- Page 2 Adoption of CRA Budget for Fiscal Year 2006-2007 Craig A 4raves, Director of Finance and John aymon , Director of Community Ag7r Treasurer p cono W Development David H. Ready, City Ma erJF,xticutive Director Attachments: RESOLUTION NO. A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING A BUDGET FOR THE FISCAL YEAR 2006-2007. WHEREAS, a budget for the fiscal year 2006-2007 has been prepared by the Community Redevelopment Agency, Director of Community & Economic Development, and the Agency Treasurer; and WHEREAS, the Community Redevelopment Agency has examined said budgets and conferred with the Community Redevelopment Agency Executive Director; and WHEREAS, the Community Redevelopment Agency, after due deliberation and consideration, agrees with the budget recommended; and WHEREAS, pursuant to Health & Safety Code Section 33334.3 (d), the Agency hereby finds and determines that the planning and administrative expenses to be paid from the Low and Moderate Income Housing Fund for each redevelopment project are necessary for the production, improvement or preservation of low and moderate income housing and are not disproportionate to the amounts budgeted for the costs of production, improvement or preservation of that housing; and WHEREAS, the Agency's planning and administrative expenses paid from the Low and Moderate Income Housing Fund for the production, improvement or preservation of low and moderate income housing pay for a portion of staff and legal costs necessary to facilitate new construction projects and administer individual rehabilitation and purchase programs, land and property acquisition and disposition, multi-government agreements, and bond issues related to low and moderate income housing. NOW THEREFORE BE IT RESOLVED by the Community Redevelopment Agency of the City of Palm Springs as follows: Section 1. That the budget in the amount of $15,503,100 be approved for the following purposes: Capital & Admin. Debt Service Merged Area No. 1 $ 1,662,394 $ 6,578,201 Merged Area No. 2 728,921 4,016,931 Low & Mod. Income Housing 1,965,243 465,510 Plaza Theatre 85,900 0 $ 4,442,458 $11,060,642 Resolution No. Page Section 2. That the Finance Director of the City of Palm Springs is authorized to record the budget and such other accounting entries as may be necessary for proper accounting treatment in accordance with rules and regulations applicable to other City of Palm Springs funds. Section 3. That the Work Program for Low and Moderate Income Program in Fiscal Year 2006-2007 is as follows, including total Agency assistance committed: Tahquitz Court Apartments $ 800,000 Vista Sunrise Special Needs Apartments $ 200,000 Sahara Mobile Home Park Improvements $ 200,000 Desert Highland Infill Program $ 150,000 El Dorado Mobile Home Park $ 130,000 Coyote Run II $ 20,000 Section 4. That the accomplishments of the Low and Moderate Income Program in Fiscal Year 2005-2006 are as follows: • Vista Sunrise Special Needs Apartments. The project has received its financing from the State MHP program, County HOME funds, and the Agency and the Low Income Housing Tax Credit (4%) Program and commenced construction in October, 2005. The project will be completed in the 2006-07 fiscal year. • El Dorado Mobile Home Park. The Agency assisted Moderate Income purchasers in the park acquire their lots, and provided assistance to low-income renters for the income certification fee. In addition, the park received $1 million in state MPROP funds to assist low-income purchasers in 2004, another $1,485,000 in April, 2005 and $900,000 in May, 2006. The goal is to assist as many residents as possible with the transition to resident ownership. • Desert Highland Infill Program. Century Crowell Communities has constructed the first five homes in the program, and another DDA was approved with Highlands Palm Springs Venture to construct four more homes. • Coyote Run Apartments Expansion. The project received its financing from the State MHP program, HOME funds, and the Agency. Construction began on December 15, 2004 and the project is nearly completed. • Tahquitz Court Apartments. The Agency made a preliminary commitment of the rehabilitation of this 108-unit apartment complex with a multi-year commitment of $2.8 million. The project is applying for bond funds and 4% Low Income Housing Tax Credits. The project is expected to receive its funding in the 2006-07 year. Resolution No. Page ADOPTED THIS 7th day of June, 2006. Chair ATTEST: Assistant Secretary CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, Assistant Secretary of the Community Redevelopment Agency of the City of Palm Springs, hereby certify that Resolution No. is a full, true and correct copy, and was duly adopted at a regular meeting of the Community Redevelopment Agency of the City of Palm Springs on by the following vote: AYES: NOES: ABSENT: ABSTAIN: James Thompson, Assistant Secretary Community Redevelopment Agency City of Palm Springs, California {••!l liibi F { ! I • V i !•i , • ibb b u � sW ham. ♦� 'p'�1' Il' .. �.."w .. .a.eu..au n.a � ...._... .__..r..,... .., ..r�. . .wi 1,y.,_w. L......_..u:uw.>a�_.. .... ..... ...... �,.,._ �.......JJLA... COMMUNITY REDEVELOPMENT AGENCY CITY OF PALM SPRINGS, CA 2006-07 PROPOSED BUDGET TABLE OF CONTENTS Page Summary by Project Area Estimated Budget, FY 2005-06 1 Summary by Project Area Proposed Budget, FY 2006-07 2 Fund 811 - Merged Area#1 Dept. 8191-Capital &Admin 3 Fund 821 - Plaza Theatre Dept 8199 - Plaza Theatre 4 Fund 851 - Merged Area#1 Summary- Debt Service 5 Fund 851 - Merged Area#1 Dept. 8201 - Central Business District 6 Fund 851 - Merged Area#1 Dept. 8203- Oasis 7 Fund 851 - Merged Area#1 Dept. 8204- North Palm Canyon 8 Fund 851 - Merged Area#1 Dept. 8205- Highland -Gateway 9 Fund 851 - Merged Area#1 Dept. 8206- Ramon - Bogie 10 Fund 851 - Merged Area#1 Dept. 8207-South Palm Canyon 11 Fund 851 - Merged Area#1 Dept. 8209- Project Area#9 12 Fund 812 - Merged Area#2 Dept. 8192- Capital &Admin 13 Fund 852 - Merged Area#2 Summary-Debt Service 14 Fund 852 - Merged Area#2 Dept. 8202 -Tahquitz-Andreas 15 Fund 852 - Merged Area#2 Dept. 8208 - Baristo- Farrell 16 Fund 852 - Merged Area#2 Dept. 8210 - Project Area#10 17 Fund 882 - Low/Mod Housing Dept. 8382 - Low/Mod Housing 18 CR4TEMP COMMUNITY REDEVELOPMENT AGENCY 6/1/06 SUMMARY BY PROJECT AREA PROJECTED BUDGET, FY 2005-06 MERGED AREA#1 MERGED AREA#2 HOUSING TOTAL CAPITAL DEBTSRV PLAZA TOTAL CAPITAL DEBTSRV TOTAL 811 851 821 812 852 882 Adjusted Cash Bal 326,041 1,366,089 593,715 2,285,845 626,483 382,877 1,009,360 2,745,020 6,040,225 6/30/05 Revenue Property Tax 0 6,905,700 0 6,985,700 0 4,416,300 4,416,300 0 11,402,000 Other 48,500 53,800 160,000 262,300 136,000 32,000 160,000 140,000 570,300 Setaside 0 0 0 0 0 0 0 2,204,600 2,204,600 Transfers In-Debt Seiv Rev 0 0 0 0 0 0 0 0 0 In-Other 0 0 0 0 0 0 0 0 0 Out 0 0 0 0 0 0 0 0 0 Loans In 1,836,785 0 0 1,836,785 545,000 0 545,000 0 2,381,785 Out 0 0 0 0 0 0 0 0 0 Cash w Fiscal Agent 32,642 0 0 32,342 3,081,258 0 3,091,258 0 3,113,900 Appropriation Personnel Costs (24,296) 0 0 (24,298) (23,998) 0 (23,998) (271,389) (319,685) Downtown Devel Ctr (129,000) 0 0 (129,000) (43,000) 0 (43,000) 0 (172,000) Legal Fees (50,000) 0 (11,000) (61,000) (40,000) 0 (40,000) (24,100) (125,100) Contract/Material (129,060) 0 (63,020) (192,080) (100,950) 0 (100,950) (47,400) (340,430) Administration (139,176) 0 (10,525) (149,701) (68,162) 0 (68,162) (78,716) (296,579) Capital Projects (1,011,230) 0 0 (1,011,230) (3,620,018) 0 (3,620,018) (2.176,196) (6,807,443) PassThru's 0 (1,678,629) 0 (1,678,629) 0 (1,597,123) (1,597,723) 0 (3,275,752) Housing'Sataside 0 (1,345,790) 0 (1,345,700) 0 (858,900) (858,900) 0 (2,204,600) ER4F 0 (358,000) 0 (358,000) 0 (120,000) (120,000) 0 (478,000) Debt Semite 0 (1,288,991) 0 (1,288,991) 0 (693,192) (693,192) (468,343) (2,454526) Conv Ctr Debt 0 0 0 0 0 (300,000) (300,000) 0 (300,000) Loan Repayment 0 (1,836,785) 0 (1,836,785) 0 (545,000) (545,000) 0 (2,381,705) Est Cash Bal 761,204 1,697,484 669,170 3,327,858 492,613 716,962 1,209,575 2,023,477 6,560,910 6/30/06 Page 1 of 18 COMMUNITY REDEVELOPMENT AGENCY SUMMARY BY PROJECT AREA PROPOSED BUDGET, FY 200&07 MERGED AREA#1 MERGED AREA#2 HOUSING TOTAL CAPITAL DEBTSRV PLAZA TOTAL CAPITAL DEBTSRV TOTAL 811 851 821 812 052 882 Est Cash Be[ 761,204 1,897,484 669,170 3,327,050 492,613 716,982 1,209,575 2,023,477 6,560,910 5/30106 Revenue Property Tax 0 6,739,000 0 6,739,000 0 4,212,000 4,212,000 0 10,951,000 Other 25,000 50,000 160,000 235,000 100,000 30,000 130,000 100,000 465,000 Setaside 0 0 0 0 0 0 0 2,115,200 2,115,200 Transfers In-Debt Sery Rev 0 0 0 0 0 0 0 0 0 In-Other 0 0 0 0 0 0 0 0 0 Out 0 0 0 0 0 0 0 0 0 Loans In 1,836,785 0 0 1,835,785 545,000 0 515,000 0 2,381,785 Out 0 0 0 0 0 0 0 0 0 Cash w Fiscal Agent 0 0 0 0 0 0 0 0 0 Appropriation Personnel Costs (275,013) 0 0 (275,013) (222,255) 0 (222,255) (310,503) (807,771) Downtown Devel Ctr (125,000) 0 0 (125,000) 0 0 0 0 (125,000) Legal Fees (120,000) 0 (11,000) (131,000) (70,000) 0 (70,000) (24,100) (225,100) Contract/Matenal (117,500) 0 (63,020) (180,520) (96,390) 0 (95,390) (48,400) (324,310) Administration (124,861) 0 (11,680) (136,761) (66,276) 0 (66,276) (62,240) (205,277) Capital Projects (900,000) 0 0 (900,000) (275,000) 0 (275,000) (1,500,000) (2,675,000) Pass Thru's 0 (1,020,963) 0 (1,820,963) 0 (1,539,165) (1,539,165) 0 (3,360,128) Housing Setaside 0 (1296,800) 0 (1,296,800) 0 (818,400) (018,400) 0 (2,115,200) ERAF 0 (356,000) 0 (358,000) 0 (120,000) (120,000) 0 (478,000) Debt Service 0 (1,265,653) 0 0,265,653) 0 (694,365) (694,366) (465,510) (2,425,529) ConvCtrDebt 0 0 0 0 0 (300,000) (300,000) 0 (300,000) Loan Repayment 0 (1,836,785) 0 (1,836,785) 0 (545,000) (545,000) 0 (2,381,785) Est Cash Bal 960,595 2,108,283 743,270 3,812,146 408,692 942,031 1,350,723 7,607,924 6,970,795 6130/07 Page 2 of 18 2005-06 BUDGET REQUEST _ _FUND 811 - MERGED AREA#1 _ 6/1/2006 DEPT 8191 -CAPITAL&ADMIN - '- 2 [ -- -- 2005-06 2005-06 006-07 Budget Projection Request 1 R_ EVENUE ESTIMATES -- 2 _ 36101 Interest Income 3,000 45 00, 0 25,000 3 31113 Misc 0 3,500 0 4 New Loan from Gen Fund 1,100,000 1,836,785 1,836,785 5 -- - -- - - - - -- - - 6 Total Revenue Estimates 1,103,000 1,885,285 1,861,785 -� - _7 - - - 8 PERSONNEL T COS_S __ 9 _ 40000 Wages 13,930 13,930 176,544 10 40100 Salary Charge __ 2,500 2,500 _ 2,500 _ 11 40400 Agency Member Compensation __ 1,200 - _ 1,200 12,600 - - 12 41250 Car Allowance 0 550 _ 1,200 13 41600 PERS _ 4,747 4,747 47,730 14 41700 Medicare _ - 218 218 2,765 15 41900 Fringe Benefits 1,153 1,153 30,549 16 41926 Workers Compensation 0 0 1,125 -17 18 tal Personnel 00-sts , 20 MATERVALSoSUPPLIES & SERVIC 23,748 24,298 275,013 19 -- - - - ES�-.- _ 21 42600 Utilities ___ 1,500 1,500 ____ 1,500 22 4 ffice Supplies 2100 O 700 - 00 7 _ 700 23 42500 Travel &Training 2,800 21800 1 2,800 24 42520 Conferences _ 2,100 7,100 2,100 25 42530 Dues &Subscriptions _ 1,850 1,850 - 1,850 26 42570 Printing and Publishing 1,050 8,483 1,050 _ 27 42720 Building Rental 10,500 10,500 10,500 28 42920 PC/Hard/Software/Maint 0 1,400 0 29 43050 Building Repairs 7,500 8,900 7,500 30 43200 Contractual Services 184,000 200,327 20Q000 31 43220 Contractual Legal _ 50,000 50,000 120,000 _ -- 32 43250 Auditing ____ 7,000 7,000 7,000 33 43806 Public/Educ 7,500 7,500 7,500 34 35 Total Materials, Supplies & Services 276,500 308,060 362,500 36 - - - --- 37 SPECIAL CHARGES _ _ 38 49010 Administrative 34,781 34,781 46,581 - - 39 49060 CRAAdmin Service 104,395 104,395 78,300 40 __ - 41 Total Special Charges 139,176 139,176 124,881 --- 42 -- - - 43 CAPITAL PROJECTS _ - -- - 44 50000 Unscheduled Capital Projects 190,000r326,413 90Q00045 50194 Mesquite Ave Widen _0 0 46 65142 Stevens/NPC DDA _ _ _ 047 65148 NPC Sewer Improvements _____48 65153 Lighting Program 75,000 0 49 65163 St Light Powder Coating ____ 75,000 50 65169 Desert Hotel Property 60,000 0 65172 Palm Canyon Offsite Improve 50,000 0 _ 52 65173 Burgess Plaza Street Improve 25,000 22,500 0 53 --- - - --- 54 Total Projects 475,000 1,011,230 900,000 55 - -- ---- - - - - -- 56 Total Budget Request 914,424 1,482.764_; _ 1,662,394 57 - - --- 58 Net(Revenue Less Expenses) - 188,576 402,521 199,391 - - --- - 200.6-07 BUDGET REQUEST FUND 8_21 - PLAZA THEATRE 6/1/2006 --- - --- ---- _ _ DEPT 8199- PLAZA THEATRE __ 2005-06 2005-06 2006-07 Budget Projection Request 1 REVENUE ESTIMATES _ 2 36101 Interest Income 4,0 0000 10,000 10,000 _3 36105 Building Rental 148.800 150,000 150,000 1 4 37113 Misc Revenue 0 0 0 5 - -- 6 Total Revenue Estimates 152,800 160,000 160,000 - S --- -- --- - - - - - - -- 9 MATERIALS, SUPPLIES &SERVICES _ 10 42000 Utilities 7,020 7,020 7,020 - --- - 11 42705 Land Leases 8,000 8,000 8,000 - - 12 43050 Building Repairs 18,000 18,000 18,000 13 43200 Contractual Services _ 30,000_ 30,000 30,000 14 43220 Contractual Legal 91,000 11,000 11,000 _ 15 -- - - -- 16 Total Materials, Supplies 20_& Services 74,0 74,020 74,020 17-- - - - - - - -- - 18 19 SPECIAL CHARGES 20 49010 Administrative 8,376 8,376 _8,768 21 49040 Facilities Maintenance 2,149 2,149 3,112 22 --- -- 23 Total Special Charges 10,525 10,525 11,880 24 25 - - -- - 26 CAPITAL PROJECTS 27 0 0 - 0 28 29 Total Projects - 0 0 0 30 31 Total Budget Request 84,545 84,545 85,900 32 33 Net(Revenue Less Expenses) 68,255 75,455 74,100 -1-- - -- ---- -.-. Page 4 of 18 e.006-07 BUDGET REQUEST FUND 851 - MERGED AREA# 1 6/1/2006 - SUMMARY- DEBT SERVICE 2005-06__ 2005-06 2006-07 _ Budget Projection Request 1 REVENUE ESTIMATES 2 31101 Current Year Taxes 416141000 6,985,700 6,73kM0 3 36102 Interest Income Fiscal Ag-ent 500 53,800 50,000 4 -- 5 Total Revenue Estimates 4,614,500 7,039,500 6,789,000 7 - - 8 CIEBT SERVICE 9 49600 0 3,500 4,000 10 49620 Principal 360,000 360,000 370,000 11 49625 Pay Off Loan From General Fund 1,115,942 1,836,785 1,836,785 12 49640 Interest 691,578 678,523 660,627 13 49645 City Loan Interest 120,000 172,652 156,710 14 49646 Low/Mod Interest - 32,818 74,316 _ 74,316 15 65002 Superintendent of Schools 25,216 51,291 52,049 16 65003 Flood Control _ _ 69,201 114,972 1111906 _ 17 65004 Mosquito Abatement Pass Thru 25,225 44,910 44,176 18 65005 Cemetary District Pass Thru 2,735 4,915 4,827 19 65006 PS Unified School District 162,371 330,292 335,166 20 65007 COD_Pass Thru 46,348 94,278 95,666 21 65008 Desert Water Agency Pass Thru 178,597 280,906 277,773 22 65009 County of Riverside 23315 66 391,930 437,556 23 65010 Riverside County Admin Fee 59,034 55,351 85,906_ _ 24_ 65012 Low Mod Housing Pass Thru _ 890,207 1,345,700 1,296,800 25 65013 ERAF 358,000 358,000 358,000 26 55015 CV Reg Park& Open Space 332 645 869 --- --- -- -- 27 65016 Desert Hospital 1,545 - 3,015 4,066 28 65017 C. V. Resource 3 0 18,369 29 65018,City of Palm Springs Pass Thru 0 37,841 40,628 30 65019 Coachella Valley Water 0 2 3 ------ -- -- __ - - - - - 31 650?_0 Storm Water _ __ 0 _ 3 3 32 65100 Assessment District Assistance 32,000 3.2,000 32,000 3365112 EDIZ 0 3,000 5,000 34 65124 VIP Motors OPA 213,278 213,278 275,000 35 65138 Wessman OPA 20,000 20,000 0 36 _ 37 Total Debt Service 4,638,006 6,508,105 6,578,201 38 - -- - - - - 40 Net(Revenue Less Expenses) (23,506) 531,395 210,799 --- ----- ----- ---- --- - ----- - Page 5 of 18 _ --- - - - 2006-07 BUDGET REQUEST FUND 851 - MERGED AREA* 1 J__ 6/1/2006 DEPT 8201 -CENTRAL BUSINESS DISTRICT - 200 get 2005-06 Request Budget Projection Request 1 REVENUE ESTIMATES 2 31111 Current Year Taxes 1,355,000 1,467.700 1,484,000 3 36102 Interest Income Fiscal Agent 500 53,800 50,000 4 5 Total Revenue Estimates 1,355,500 1,521,500 1,534,000 7 - -- --- - - - - - - - -- - 8 DEBT SERVICE _ 9 49600 Paying Agent 0 3,500 4,000 10 49620 Principal 000,006 100,000 100.000 11 49625 City Loan Principal 105,000 105,000 110,000 _ 12 49640Interest 400,000 406,945 390,000 -- - -- ---- - - - 13 49645 City Loan Interest _ 0 0 0 14 49646 Low/Mod Interest 32_,818 74,316 7_4,316 15 55002 Superintendent of Schools 102 _ 412 1,22_8 16 65003 Flood Control _ 111 449 1,338 _ 17 65004 Mosquito Abatement 35 138 411 1Id 8 65005 Cemetary District 4 16 47 --- -- 19 65006 PSUSD 655 2,654 7,905 -- - -- - 20 65007 COD 187 758 2,256 21 65008 Desert Water Agency Pass Thru 81,185 84,084 88,913 . - - - 22 _ 65009 County of Riverside _700 2,836 8,447 23 65010 Riverside County Admin Fee 17,015 12,352 18,634 24 65012 Low Mod Housing Pass Thru 255,660 277,700 280,000 _ 25 65013-ERAF 358,000 358,000 358,000 26 65015 CV Reg Park & Open Space 11 43 128 27 65016 Desert Hospital 50 201 599 28_ 65017 C. V. Resource 0_ 0_ 0 29 65018 City of Palm Springs Pass Thru _ _; 0 2,920 8,697 30 65019 Coachella Valley Water _ 0 0 0 31 65020 Storm Water 0 0 _ 0 32 65100 Assessment District Assistance 0 0_ 0 33 651,12 EDIZ _ 0 0 0 34 65124 VIP Motors OPA 0 _ 0 0 _ - 35 65138 Wessman OPA 0 _ 0 36 ------ - - - 37 Total Debt Service 1,351,533 1,432,324 1,454,919 38 - - - 39 40 _ Net(Revenue Less Expenses) 3,967 89,176 79,081 - -- --Page 6 of 18 - 1 _ 2006-07 BUDGET REQUEST IFUND 851 - MERGED AREA# 1_ 6/1/2006 _ _ DEPT 8203 - OASIS ____ 2005-06 2005-06 2006-07 - Budget Projection Request 1 REVENUE ESTIMATES 2 31113CurrentYearTaxes 102,0_00 156,500_ _162,000 3 36102 Interest Income Fiscal Agent 0 -- 0 0 4 -- -- - - - 5 Total Revenue Estimates 102,000 156,500 162,000� 6 --- - -- --' -I - - 7 - _ 8 DEBT SERVICE -- 9 49600 Paying Agent 0 _ 0 0 10 49620 Principal _ 0 0 0 11 49625 Pay Off Loan From Gen Fund 20,000 20,000 40,000 T 12 49640Interest 0 0 _ 0 - - - -- -- 13 49645 City Loan Interest 20,000 20- ,000 20,000 14 49646 Low/Mod Interest 0 0 0 15 65002 Superintendent of Schools 44 448 549 16 65003 Flood Control 2,158 3,311 3,427 17 65004 Mosquito Abatement Pass Thru 1,308 2,0 66 _ 2,076 _ 18 65005 Cemetary District Pass Thru 2 17 21 19 65006 PSUSD 283 2,882 3,533 20 65007 COD _ 81 _ 823 1,008 21 65008 Desert Water Agency Pass Thru 358 569 569 22_ 65009 County of Riverside 13,625 20,905 21,640 _ 23 65010 Riverside County Admin Fee 1,349 1,475 2,14_2 24 65012 Low Mod Housing Pass Thru _ 20,400 _31,300 32,400 . 25 65013 ERAF 0 0 0 26 65015 CV Reg Park& Open Space 5 47 57 27 65016 Desert Hospital 22 218 268 28 65017 C. V. Resource _ 0 0 0 29 65018 City of Palm Springs Pass Thru 0 3,171 3,900 , _ 30 65019 Coachella Valley Water 31 65020 Storm Water 0 0 0 _ 32 65100 Assessment District Assistance 0 0 0 33 65112 EDIZ 0 0 0 - -- -- - 34 65124 VIP Motors OPA 35__ 65138 Wessman OPA 0 0 0 36 37 Total Debt Service 79,635 107,172 131,590 38 39 40 _ Net(Revenue Less Expenses) _ 22,365 49,328 30,410_ - Page 7 of 18 2006-07 BUDGET REQUEST FUND 851 - MERGED AREA# 1 6/1/2006 DEPT 8204 - NORTH PALM CANYON 2005-06 2005-06 2006-07 Budget Projection Request 1 REVENUE ESTIMATES 2 31114 Current Year Taxes 585,000 808,9 00 760,000 3 36102 Interest Income Fiscal Agent 0 0 0 5 Total Revenue Estimates -- --- ___ 585,000 808,900 760,000 _ 6 - ---L-� - - --- 7 - - 8 DEBT SERVICE 9 49600 Paying Agent 0 0 0 10 49620 Principal 50,000 _ 50,000 50,000 _ 11 49625 City Loan Principal 215,942 239,000 230,000 12 49640Interest 95,000 95,000 95,000 13_ 49645ICity Loan Interest 25,000 40,942 25,000 14 49646 Low/Mod Interest 0 0 0 15 65002 Superintendent of Schools _ 1,388 2,172 2,591 _16 65003 Flood Control 12,376 17,008 16,078 17 65004 Mosquito Abatement Pass Thru 5,977 8,214 7,764 _18[ 65005 Cemetary District Pass Thru 683 938 886 19 65006 PSUSD 8,937 13,988 16,687 - - 20 65007 COD _ _ 2,551 3,993 4,763 _ 21 65008 Desert Water Agency Pass Thru -r 2,053 7,722 2,667 22 65009 County of Riverside 38,387 55,000 101,519 23 65010 Riverside County Admin Fee 7,793 6,470 10,123 24 65012 Low Mod Housing Pass Thru 117,000 160,800 152,000 25 65013 ERAF 0 0 0 26 65015 CV Reg Park& Open Space -- 145 226 270 27 65016 Desert Hospital 677 1,059 1,264 28 65017 C. V. Resource 0 24,008 18,359 29 65018 City of Palm Springs Pass Thru 0 0 0 30 65019 Coachella Valley Water 0 0 - 0 31 65020 Storm Water _ 0 0 0 32 65100 Assessment District Assistance 0 0 0 33 65112 EDIZ 0 0 ___ 0 34 65124 VIP Motors OPA _ _ 0 0 0 35 65138 Wessman OPA 0 0 0 36 37 Total Debt Service 583,909 726,540 734,971 38 40 Net(Revenue Less Expenses) 1,091 82,360 25,029 --------------- Page 8 of 18 2006-07 BUDGET REQUEST FUND 851 - MERGED AREA# 1 6/1/2006 DEPT 8205 - HIGHLAND-GATEWAY j __ 2005-06 2005-06 2006-07 Budget Projection Request 1 REVENUE ESTIMATES 2 31115 Current Year Taxes _ 200.000 280,000 274,000 3 36012 Interest Income Fiscal Agent 0 0 0 5 Total Revenue Estimates 200,000 280,000 274.000 7 8 DEBT SERVICE 9 49600 Paying Agent 0 0 0 10 49620 Principal 0 0 0 -- - -- 11 49625 Pay Off Loan From General Fund 14.5_,000 145,000 65 1 ,0.00_ - - 12 49640 Interest _ 0 0 13 49645 City Loan Interest _ 0 0 _ 0 0 14 49646 Low/Mod Interest 0 0 15 65002 Superintendent of Schools 61 526 648 16 65003 Flood Control 52 445 548 17 65004 Mosquito Abatement Pass Thru 2,063 2,8T7 2,826 18 65005 Cemetary District Pass Thru _ 236 328 323 19 65006 PSUSD _ _ 390 ___ 3,388 4,174 00 20 657 COD 112 967 1,191 21 65008-Desert Agency Pass Thru - 709 1,946 971 - 22 65009 County of Riverside 5,393 7,523 7,388 23 65010 Riverside County Admin Fee 2,642 2,394 3,620 --- 24 65012 Low Mod Housing Pass Thru _ _ 40,000 _55,800 54,8_00 _ 25 65013 ERAF 0_ 0 _ 0 26 65015 CV Reg Park & Open Space _ 7 55 68 27 65016 Desert Hospital _ 30 257 316 28 65017 C. V. Resource 1 4 5_y - -- --- - - - - -- 29 65018 City of Palm Springs Pass Thru 0 3,727 4,550 chella 311 65020 Storm m Watealle Water -__0 0 32 65100 Assessment District Assistance 0 0 0 33 65112 EDIZ 0 0 0 34 65124 VIP Motors OPA 0 j 0 0 35 65138 Wessman OPA 0 0 0 36 37 _Total Debt Service 196,696 225,237 246,428 40 Net(Revenue Less Expenses) 3,304 54,763 27,572 i Page 9 of 18 - ---- �-- 2,006-07 BUDGET REQUEST FUND 851 - MERGED AREA# 1 6/1/2006 - - _ DEPT 8206- RAMON-BOGIE _ 2005-06 2005-06 2006-07 Budget Projection Request - - -- - - - - 1 F;EVENUE ESTIMATES 2 31116 Current Year Taxes360,000 556,200 493,000 3 36102 Interest Income Fiscal Agent 0 0 0 4 -- 5 Total Revenue Estimates _ 360,000 b56,200 493,000 6 - - 8 DEBT SERVICE _ -- 9 49600 Paying Agent 0 0 0 - 10 49620 Principal 50,000 50,000 50,000 11 49625 City Loan Principal 60,000 60,000 96,0 00 12 49640Interest 50,000 50,000 50,000 13 49645 City Loan Interest 35,000 35,000 35,0_00 _ 14 49646 Low/Mod Interest 0 0 15 65002 Superintendent of Schools 342 11118 1,394 16 65003 Flood Control 14,019 21,194 19,198 17 65004 Mosquito Abatement Pass Thru 463 . 709 634 4650N Cemetary District Pass Thru 53 81 72 - 65006 PSUSD 2,201 7,199_ 8,974 65007 COD 629 2,055 2,561 21 65008 Desert Water Agency Pass Thru 1,268 6,628 1,736 - -- -- - 22 65009 County of Riverside 33,775 51,762 46,253 23 65010 Riverside County Admin Fee 4,785 4,338 6,552 24 _ 65012 Low Mod Housing Pass Thru 72,000 110,300 98,600 25 65013 ERAF 0 0 0 26 65015 CV Reg Park & Open Space 36 117 145 27 65016 Desert Hospital 167 545 880 - - -- - - y � - - - 4 -- 5 28 65017 C. V. Resource _ 2 29 65018 Cityof Palm Springs Pass Thru 0 9,692 9,839 30 65019 Coachella Valle Water 0 2 3 31 65020 Storm Water _- 0 3 3 - - - -- 32 65100 Assessment District Assistance 32,000 32,000 32,000 A - - - - - - 33 65 EDIZ 3,000 3,000 112 5,000 34 65124 VIP Motors OPA 0 0 0 - - 35 65138 Wessman OPA 0 0 0 36 r- - 37 Total Debt Service 359,740 445,747 458,649 38 - - -- 40 Net(Re-venue Less Expenses) - 260 1 00,453 34,351 - ---------- - -Page 10 of 18-- - - _2006-07 BUDGET REQUEST FUND 851 - MERGED AREA# 1 6/1/2006 DEPT 8207 -SOUTH PALM CANYON 2005-06 2005-06 2006-07 _ Budget Projection Request 1 _REVENUE ESTIMATES 2 31117 Current Year Taxes 488,000 622,100 545,000 3 36102 Interest Income Fiscal Agent 0 0 0 5 Total Revenue Estimates j 488,000 622,100 545,000 6 IF- 7 -- 8 DEBT SERVICE _ 9 _ 49600 Paying Agent 0 0 0 10 49620 Principal 60,000 60,000 60,000 11 49625 City Loan Principal _ _ _ _ 180,000 230,000 220,000 12 49640 Interest 50,000 50,000 50,000 13 - 49645 City Loan Interest 0 0 0 14 49646 Low/Mod Interest 0 0 0 15 65002 Superintendent of Schools 1,227 1,507 1,926 16 65003 Flood Control 10.324 13.042 11,529 17 650041 Mosquito Abatement Pass Thru 626 790 1,222 18 65005 Cemetary District Pass Thru 72 90 140- - -- - - - 19 65006 PSUSD 7,901- 9,706 12,401 _ 20 65007 COD 2,255 2,771 _ 3,540 sert Water -- 21 65008 De Agency Pass Th_ru 1.713 7.794 1,913 22 65009 County of Riverside 45,630 57,645 61,880 23 65010 Riverside County Admin Fee 6,486 4,917_ 7,243 24 65012 Low Mod Housing Pass Thru 97,600 123,300 109,000 25 65013 ERAF _ 0 0 26 65015 CV Reg Park & Open Space 128 157 201 27 65016 Desert Hospital 599 735 939 -- - - - - - - 28___ 6501 C. V. Resource 0 0 0 29 650,18 City of Palm Springs Pass Thru _ 0 18,331 _ 13,642 30 65019 Coachella Valley Water _ 0 0 0 31 65020 Storm Water _ 0 0 _ 0 _ 32 65100 Assessment District Assistance 0 0 0 33 65112 EDIZ 0 0 0 _ 34 55124 VIP Motors OPA 0 _ 0 0 35 65138 Wessman OPA 20,000 20,000 0 �- 37 Total Debt Service 484,561 600,785 555,576 38 40 Net(Revenue Less Expenses) 3,439 21,315 - (10,576) I - - Page 11 of 18 - _- - 2006-07 BUDGET REQUEST FUND 851 -MERGED AREA*--------1 6/1/2006 DEPT 8209- PROJECT AREA#9 2005-06 2005-06 2006�07- _ Budget Projectio n Request 1 REVENUE ESTIMATES 2 31119 Current Year Taxes 1,524.000 3,094,300 3,021,000 3 37113 Misc Revenue 0 0 0 LT 5 Total Revenue Estimates 1,524,000 3,094,300 3,021,000 6 - 8 DEBT SERVICE - - - 9 49600 Paying Agent 0 0 _0 10 49-K0 Principal _ 100,000 100,000 110,000 _ 11 49625 Pay Off Loan From General Fund 390,000 1,037,785 981,785 12 49640 Interest 76,578 76,578 75,627 13 49645 City Loan Interest 60,000 76,710 76,710� 14 49646 Low/Mod Interest 0 0 0 15 65002 Superintendent of Schools 2 2,052 45,108 43,713 16 65003 Flood Control 30,161 59,523 59,788 17 65004 Mosquito Abatement Pass Thru _14,753 30,176 29,243 18 65005 Cemetary District Pass Thru 1,685 _ 3,445 3,338 19 65006 PS Unified School District _ 142,004 290,475_ 281,49_ 20 65007 COD Pass Thru 40,533 82,911 80,347 21 65008 Desert Water Agency Pass Thru 91,311 172,163 181,004 22_ 65009 County of Riverside 96,066 196,259 190,429 23 65010 Riverside County Admin Fee 18,964 23,405 _ 37,592 24 650,12 Low Mod Housing Pass Thru _ 287,547 586,500 570,000 25__ 65013 ERAF 0 0 0 A- 26 65015 CV Reg Park& Open Space 7 0 0 27 65016 Desert Hospital _ 30 0 0 28 65017 C. V. Resource 1 0 Or 4 _ 29 65018_City of Palm Springs Pass Thru 0 0 _ 0 30 65019 Coachella Valley Water 0 0 0 31 65020 Storm Water - - 0 0 0 32 65100 Assessment District Assistance _ __ 0 -0 -0 0 _ 33 65112 EDIZ 0 34 65124 VIP Motors OPA 2-13,278 213,278 275.000 35 65138 Wessman OPA 0 0 0 36 37 Total Debt Service 1,584,970 2,994,316 2,996.068 38 - 40 Net(Revenue Less Expenses)_ (60,970) 99,984 24,932 Page 12 of 18 <':006-07 BUDGET REQUEST FUND 812 - MERGED AREA#2 6/1/2006 - - DEPT 8192 - CAPITAL &ADMIN -� - 2005-06 2005-66 2000-0-07 __ Budget Projection Request 1 REVENUE ESTIMATES _ 2 36101 Interest Income _ 1,000 30,000 25,000 3 36102 Interest Income Fiscal Agent 0 75,000 50,000 4 36104 Land Rental 0 31,000 25,000 -- 5 New Loan from Gen Futd 400,000 545,000 545,000 7 Total Revenue Estimates _ 401,000 _681,00 i 0 . 645.000 9 PERSONNELCOSTS _ 10 40000 Wages _ 0 13,930 147,800 11 40100 Salary Charge 2,500 2,500 _ 2,500 12 4 90 0400 Agency Member Compensation 900 0 _ 5,400 _ 13 41250 CarAllowancn _ 0 550 1,200 _ 14 41600 PERS 0 _ 4,747 39,959 15 41700 Medicare 0 218 2,315 16 41900 Fringe Benefits 01,153 21,975 17 41920 Workers Compensation _ 0-= 0 _ 1,106 19 Total Personnel Costs -� 3,400 _ 23,998 222.255 20- 21 MATERIALS, SUPPLIES & SERVICES _ 22 42001 Electricity 10_,000 10,000 10_,000 23 42005 Water 750 750 750 24 42100 Office Supplies _ _300 _ _300 300 00 25 425 Travel & Training _ 1,200 1,200 1,200 26 42520 Conference _ 500� 900 -L. 27 42530 Dues & Subs _ 790 790 28 42570 Printing and Publishing _ 3.326 450 29 42720 Building Rental 4,500 4,500 4,500 30 42920 600 0 31 43050 600 0 32 43060 Grounds Maintenance 6,000 6,000 _ 6,000- 33 43200 Contractual Services � 78,000109,484 65,000 34 43220 Contractual Legal _ _ 40,000 40,000 70,000 35 43250 Auditing 3,000 3,000 3,000 _ 36_ 43806 Public Educ 2,500 2,500 2,500 37---Total Total Materials, Supplies & Services 8,39 0 183,950 , 39 14 - 165390 -- - - 40 SPECIAL CHARGES _ 41 49010 Administrative _ 16,090 _ 16,090 _ 25,776 42_ 49060 CRA Admin Service 52,072 52,072 40,500 43- - - 44 ITotal Special Charges 68,162 68,162 66,276 45 46 CAPITAL PROJECTS 47 50000 Unscheduled Capital Projects 200,000 2.610,021 _275,000 48 65154 Canyon Drainage Fee Study 0 10,515 0 49 65171 Post Office Relocation _ 0 999,482 0 51 Total Capital Projects 200,000 3,620,018 275,000 53 Total Budget Request 416,552 3,896,128 728,921 54 - - - 55 Net (Revenue Less Expenses) (15,552) _ (3,215,128) (83,921) Page '13 of 18 2006-07 BUDGET REQUEST FUND 852-MERGED AREA#2 6/1/2006 SUMMARY- DEBT SERVICE RV _ __ 2005-06 2005-06 2006-07 Budget Projection Request - - _1 R',EVENUE ESTIMATES _ - - - 2 31101 Current Year Taxes _ 3,147,000 4,416,300 4,212,000 3 36102 Interest Income Fiscal Agent 0 32,000 30,000 4 -- 5 Total Revenue Estimates_ 3,147,000 4,448,300 4,242,000 8 DEBT SERVICE 9 49600 Paying Agent Fee 0 3,000 4,000 10 49620 Principal 135,000 135,000 140,000 11 L_�964 5 Pay Off Loan from Gen Fund _ 400,000 545,000 545,000 _ 12 - 5 Interest _ - 481 510 481 510 468,856 81 510 - 13 5 City Loan Interest 81,510 81,510 81,510 14 49680 Refinancing Costs 0 17,318 0 15 49690 Other Debt Service 300,000 300,000 300,000 16 65002 Superintendent of Schools 34,971 49,321 49,504 -- - - 17 65003 Flood Control 120,009 - 159,868 151,765 18 65004 Mosquito Abatement Pass Thru 29,215 40,914 39,303 - 19 65005 Cemetary District Pass Thru _ 1,338 1,487 1,528 20 65006 PS Unified School District 225,194 317,609 318,778 21 65007 COD Pass Thru 64,279 90,657 90,990 22 65008 Desert Water Agency Pass Thru _ 89,279 136,923 134,361 _ 23 65009 County of Riverside 463,438 661,729 628,309 24 65010 Riverside County Admin Fee 40,924 35,555 54,512 25 65012 LowMod_Housing Pass Thru _ 613,698 858,900 818,400 26__ 65013 ERAF 120,000 120,000 _ 120,000 27 65015 CV Reg Park & Open Space _ 2,168 779 955 28 65016 Desert Hospital �10,154 _ 3,615 4,473 29 65018 City of Palm Springs Pass Thru U 81,348 64,687 -- - - - 30 31 Total Debt Service 3,204,859 4,114,215 4.016,931 32 33 -- -- - 34 -Net(Revenue Less Exp(inses) - _ (57,859) y 334,085 - 225,069 �. Page 14 off 18 1 2006-07 BUDGET REQUEST FUND 852 - MERGED AREA#2 6/1/2006 DEPT 8202 -I TAHQUITZ-ANDREAS 2005-06 2005-06 2006-07 Budget�Projection Request 1 REVENUE ESTIMATES -, - 2 31112 Current Year Taxes 895,000 1,238,900 _ 1,049,460- 3 36102 Interest Income Fiscal Agent 0 32,000 30,00 4 - - 6 Total Revenue Estimates 895,000_ 1,270,900 _1,079, 000 7 - - - 9 DEBT SERVICE/PASS THRU'S 10 49600 Paying Agent Fees 0 3,000 4,000 11 49620 Principal _ 55,000 55,000 _ 50_,000 12 49625 City Loan Principal 0 0 0 - - 13 49640Interest _ 2_18,021 218,021 _ 20,000 _ 14 49645 City Loan Interest _ 26,700 26,700 25,000 15 49680 Refinancing Costs -0 17,318 0 _ 16 49690 Other Debt Service 300,000 300,000 300,000 _ - - 17 65002 Superintendent of Schools 1,004 1,619 2,130 18_ 65003 Flood Control _ � _ 35,724 49,545 _ 41,887 19 65004 Mosquito Abatement _ 6,491 9,002 7,611 _ 20 65005 Cemetary District 39 62 81 21 65006 PSUSD 6,462 10,428 13,712_ 22 65007 COD _ 1,845 2,977 3,914 23 65008 Desert Water Agency Pass Thru _ 53,623 71,996 62,874 24 65009 County of Riverside _ 135,342 187,702 158,690 _ 25 65010 Riverside County Admin Fee 11,348 8,762 13305 26 65012 Low Mod Housing Pass Thru _ 168,868 234,200 998,000 27 65013 ERAF ___L__ 120,000 120,000 120,000 28 65015 CV Reg Park&Open Space -_ 105 176 222 29 65 116 Desert Hospital 490 790 _ 1,038 30 65018 City of Palm Springs Pass Thru 0 16,960 15,086 31 - - - 32 Total Debt Service/Pass Thru's 1,14 1,062 1,334,258 1,037,550 33 - 34 I--- 35 Net(Revenue Less Expenses (2 46,062) -( ) (63,358) 41,850 Page 15 of 18 - - -2006-07 BUDGET REQUEST - FUND 852 - MERGED AREA#2 6/1/2006 DEPT8208- BARISTO-FARRELL 200ge 2005-06 Request Budget Projection Request 1 REVENUE ESTIMATES 2 31118 Current Year Taxes 1,760,000 2.092,100 2,092,000 3 36102 Interest Income Fiscal Agent 0 0 - 0 4 5 Total Revenue Estimates 1,76Q000 2,092,100 2,092,000 9 DEBT SERVICE/PASS THRU'S 10 49600 Paying Agent Fees 0 0 - 0 _ 11 49620 Principal 80,000 80,000 90,000 12 49625 City Loan Principal 0 300,000 245,000 _ 13 49640Interest 255,661 255,661 448,856 14 49645 City Loan Interest _ 230,810 30,810 32,510 15 49680 Refinancing Costs -i 0 0 16 49690 Other Debt Service 0 0 0 _ 17 65002 Superintendent of Schools 26,67-8 31,940 31,948 _ 18 65003 Flood Control 74,465 88,491 88,512 1 19 65004 Mosquito Abatement Pass Thru 17,981 21,367 �- 21,372 20 65005 Cemetary _ 757 I 221 269 21 65006 PS Unified School District _ 173,080 205,679 205,728 22 65007 COD Pass Thru 49,403 58,708 _ 58,722 23 65008 Desert Water Agency Pass Thru 6,177 7,961 7,342 24 65009 County of Riverside 235.096 267,250 267,250� 25_ 65010 Riverside CountyAdmin Fee 23,444 19,191 27,865 26 65012 Low Mod Housing Pass Thru 352,000 418,300 418,400 27 65013 ERAF 0 _ 0 0 _ 28 55015 CV Reg Park & Open Space 2,063 603 733 29 65016 Desert Hospital 9,664 2,825 3,435 30 65018 City of Palm Springs Pass Thru 0 64,388 49,601 31 -95 1 - 32_ Total Debt Service/PassThru's _ . 1,537,479 _ 1,853,3 ,997,543 _ 33 35 Net(Revenue Less Expenses) 222,521 238,705 94,457 36 - 37_ 38 1 Need to accrue amount not passed thru each year- must be paid every tenth year--, Page '16 of 18 2006-07 BUDGET REQUEST FUND 852 - MERGED AREA#2 __ 6/1/2006 _ DEPT8210 PROJECTAREA#10 _ - I 2005-06 2005-0 06-07 Budget Projection _Request -1 REVENUE ESTIMATES - 2 _ -31120 Current Year Taxes _ 492,000 1,085,300 1,070,600 3 36102 Interest Income Fiscal Agent_- ----0----0 4 37113 Mis Revenue 0 0 0 6 Total Revenue Estimates 492.000 1,085,300 1,070,600 8 -- --- -- 9 DEBT SERVICE/PASS THRU'S 10 4 6600 Paying Agent Fees _ _ 0 0 0 11 49620 Principal 0 0 0 12 49625 Loan Payment __ 200,000 245.000 13 4-9 Interest _ 0� 0 0 _ 14 49645 City Loan Interest 24,000 24,000 24,000 15 49680 Refinancing Costs _ 0 0 0 _ 16 49690 Other Debt Service 0 0_ _ 17 5002 Superintendent of Schools _ _7, 15�,762 15,426 _ 18 6 5003 Flood Control __ 9,820820 I__ 21,832 _ 21,366 19 65004 Mosquito Abatement Pass Thru 4,743 10,545 10,320 - 20 65005 Cemetary District Pass Thru 542 1,204 1,178� 21 65006 PS Unified School District 45,652 101,502 99,338 _ 22 65007 COD Pass Thru _ 13,031 _ 28,972 28,354 I _ 23 65008 Desert Water Agency Pass Thru _ 29,479 56,966 _ 64,145 24 650 County of Riverside -,000 206,777 202,369 25 65010 10 Riverside County Ad min Fee __ 6,132 _ 7,602 _ 13,342 _ 12 26 650 Low Mod Housing Pass Thru 92 83, 0 206,400 202,0001 27- 65013 ERAF 0 _0 0 28 65015 CV Reg Park&Open Space 0 0 ----0 29 65016 Desert Hospital __ __ 0 _ 0 _ 0 - 30_ 65013 City of Palm Springs Pass Thru 0 _ 0 0 _ 31 32 Total Debt Service/Pass Thru's 526,318 926,562 981,838 33 -- - - 0 35 Net(Revenue Less Expenses) (34,318)1 158,738 88,762 _ Page 17 of 18 2006-67 BUDGET REQUEST FUND 882- LOW/MOD IN /1/2006 DEFT 8382 - LOW/MOD HOUSING 2005-06 2005-06 2006-07 Budget Projection Request 1 R VENUE ESTIMATES _ 2 39900 Current Year Taxes 1,503.905 2,204,600 2,115,200 3 36101 Interest Income 12,000 30,000 25,000 4 36102 Interest Income- fiscal Agent 13,000 30,000 25,000 5 36104 Land Rental 10,000 0 0 6 37113 Misc Revenue 1, 00 80,000 50,000 7 Total Revenue Estimates 1,539, 05 2,344, 000 2,215,200 8 PERSONNEL 9 4000 Regular Employees '168.362 168, 62 202,201 10 40100 Salary Charge 5, 00 5, 00 5,000 11 40200 Temporary Employees 5,000 5,000 5,000 12 40400 Agency Member Compensation 500 500 5,400 13 41250 Car Allowance 0 1,650 2,100 141 41600 PER 57,380 57,380 1 54,666 15 41700 Medicare Tax 2,710 2,710 1 3,236 16 41800 FICA 310 310 310 17 41900 Fringe Benefits 24,132 24,132 21,172 18 41920 Workers Compensation 6,345 6,345 11,418 19 Total Personnel 269,739 271,389 310, 003 20 MATERIALS, SUPPLIES & SERVICES 21 42100 Office Supplies 700 700 700 22 42490 Non Capital Equipment 560 560 560 23 42500 Travel &Training 3,000 3,000 3,000 24 Conferences 1,000 1,000 1,000 25 42530 Dues &Subscriptions 1,140 1,140 1,140 26 42570 Printing and Publishing 2,500 2,500 2,500 27 42720 Building Rental 500 500 1,500 28 43200 Contractual Services 15,000 15,000 15,000 29 43220 Contractual Legal 24,100 24,100 24,100 30 43250 Auditing 1,000 1,000 1,000 31 43960 Property Tax 2,000 2,000 2,000 32 65010 Riverside County Admin 20,000 20,000 20,000 33 Total Materials, Supplies &Services 71,500 71,500 72,500 34 SPECIAL CHARGES 0 35 49000Insurance 6,753 6,753 8,033 36 49010 Administrative 30,3 5 30,365 43,007 37 49060CRAAdminService 41,598 41,598 31,2 0 38 Total Special Charges 88,716 88,716 82,240 39 DEBT SERVICE 40 49600 Paying Agent Fee 4,000 4,000 4,0 0 41 49620 Principal 215,000 215,000 220,000 42 49640 Interest 249,343 249,343 241,510 43 Total Debt Service 468,343 468.343 465,510 44 CAPITAL PROJECTS 45 50000 Unscheduled Capital Projects 399,576 87,859 1,500,000 46 65122 SFR Rehab 0 73,660 0 47 65145 Desert Highland Infill 0 30,260 0 48 65146 Vista Sunrise 95,224 1.061,661 0 49 55147 El Dorado MDH 150,000 517,555 0 50 55151 Sunset Hacienda 350,300 350,300 0 51 65161 Burnett Land Sale 500 500 0 52 65166 Sunrise Norte 300 300 0 53 55170 D/H Infill _ 0 50,000 0 34 55174 N Indian San Rafael 4,100 4,100 0 55 56 Total Projects 1,000,000 2,176,195 1,500,000 57 58 Total Budget Request 1,888,298 3,066,143 2,430,753 60 Net(Revenue Less Expenses) (348,393) (721,543) (215,553) Page 18 of 18 I • • :i a Y OF PAL?1 5r iIf•]G'- PROOF OF PUBLICATION This is space forr Count .Icrk's Filing Stamp (2015.5.C.C.P) 2B06 H;AY 3 0 PIS", : ,I IJ h ^11 Y CLER,( STATE OF CALIFORNIA County of'Riverside I am a citizen of the United States and a resident of Proof of Publication or the County aforesaid; [,am over the age of eighteen years,and not a party to or interested in the above-entitled matter. I am the principal cleric of a printer of the,DESERT SUN PUBLISHING COMPANY a newspaper of general circulation, printed and published in the city of Palm Springs, _ County of Riverside,and which newspaper has been IINo COMMUNITY REDEVELOPMENT AGENCY adjudgctl a newspaper of general circulation by the 1 CITY OF PALM SPRINGS Superior Court of the County of Riverside,State of NOTICE OF PUBLIC HEARING California under the date of March 24,1988.Case PRGrosCED BUDGET SUMMARY Number 191236;that the notice,of which the hIOTIC� IS HER_BY GIVEN, that the community annexed is a printed copy(set in type not smaller RWevsiopment Agency eI the CItk Of y Palm than non pariel,has been published in each regular 1prm9=: will hold a Pun{lo Hcia a [It 4 III, Couno it`Chyoy calm Springs,cci CA 0 262 beninhmg and entire issue of said newspaper and not in any s 6 cm..Wednesday,June 7. 1006, to consld,r supplement thereof on the following dates,to wit: the Proposed Fiscal Year 2006 N 6udoct. May j$°i,2Ut16 Helow I`.The Proposed Fiscal Year 2005-07 Bud- May Ippn summary foggrm.Tho su art/ detail f in or Offl<esofthudCay ' l kaandtthet Llbrary Can- CAPITAL DEBT f 30JECY PROJECTS SERVICE All in the year 2006 ergcd Area 7n S t 562.39u $q Ot6,39Y lerged Area#2 728,921 g a30 75C 0 .a c 5 Moderate Income H 85 800 2, 0 1 certify(or declare)under penalty of perjury that the plaza Tnea... a a ome H $loses 130 foregoing is true and correct. rorAL Resporte TO thl notigl;may bC made Verbally N - the ppublic heanng and/or in writing bolero The ill hear Written Gommenfa may dewTotne —_—_ Dated at Palm Springs,California this--30 ---day city�ouncil qy leter (mall or James Thompson, 2006 CityClerk/Asslsnn secret 3200 6.Tahqultz I Canyon WhY j Palm Springs. CA 62262 • anyy Individual or group challenges the action m ;0urt, isaues ral. d may be Ilmd�•d 10 only t d Issues r,,ed at thr. publlc neaornrd9-describe r prin this notice or In Wnii couusp or to lne mauling. Questlons regarding This rn Signature bo dlracied To Gralgg A. Graves, Finance Depart- 1 TOM (760) 323-6229, sl necol,ta ayud,+con ppettsg cart:i,POrfaVOY(lama a In Cludad der T60 322nS35�e¢�g 5B�nlar con Nadine Fog ( ) �\ „ oared this 2th day of May 2006. t��J li JAME4 IF70MPSuT7,-ATI becratiry P&llahed; 5/26/2006 COMMUNITY REDEVELOPMENT AGENCY CITY OF PALM SPRINGS NOTICE OF PUBLIC HEARING PROPOSED BUDGET SUMMARY FISCAL YEAR 2006-07 NOTICE IS HEREBY GIVEN, that the Community Redevelopment Agency of the City of Palm Springs will hold a Public Hearing at City Hall, Council Chambers, located at 3200 E. Tahquitz Canyon Way, Palm Springs, CA 92262, beginning at 6 p.m., Wednesday, June 7, 2006, to consider the Proposed Fiscal Year 2006-07 Budget. Below is the Proposed Fiscal Year 2006-07 Budget in summary form. The supporting detail for the proposed budget is available at City Hall in the Office of the City Clerk and the Library Center. PROJECT CAPITAL DEBT PROJECTS SERVICE Merged Area #1 $ 1,662,394 $ 6,578,201 Merged Area #2 728,921 4,016,931 Low & Moderate Income Housing 2,430,756 0 Plaza Theatre 85,900 0 TOTAL $ 4,907,971 $ 10,595,132 Response to this notice may be made verbally at the public hearing and/or in writing before the hearing. Written comments may be made to the City Council by letter (mail or hand deliver) to: James Thompson, City Clerk/Assistant Secretary 3200 E. Tahquitz Canyon Way Palm Springs, CA 92262 If any individual or group challenges the action in court, issues raised may be limited to only those issues raised at the public hearing described in this notice or in written correspondence at or prior to the meeting. Questions regarding this may be directed to Craig A. Graves, Finance Department (760) 323-8229. Si necesita ayuda con esta carte, porfavor Ilame a la Ciudad de Palm Springs y puede hablar con Nadine Fieger (760) 322-8364 ext. 8758. Dated this 25th day of May 2006. �%4�ES THOMPSON, Assistant Secretary g�