Loading...
HomeMy WebLinkAbout5/18/2005 - STAFF REPORTS (6) COMMUNITY REDEVELOPMENT AGENCY CITY OF PALM SPRINGS NOTICE OF PUBLIC HEARING PROPOSED BUDGET SUMMARY FISCAL YEAR 2005-2006 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 Tahquitz Canyon Way, Palm Springs, CA 92262, beginning at 6 p.m., Wednesday, May 18, 2005, to consider the Proposed Fiscal Year 2005-2006 Budget. Below is the proposed 2005-2006 fiscal year 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 $ 863,376 $ 4,638,006 Merged Area#2 379,002 3,212,312 Low & Moderate Income Housing 1,331,282 468,343 Plaza Theatre 84,545 0 TOTAL $ 2,658,205 $ 8,318,661 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, Assistant Secretary 3200 East 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 Thomas M. Kanarr, Finance Department (760) 323-8229. Si necesita ayuda con esta carta, porfavor Ilame a la Ciudad de Palm Springs y puede hablar con Nadine Fieger (760) 322-8364 ext. 8758. Dated this 4th day of May 2005. f }{, JA ES THOMPSON, Assistant Secretary -- Item No. RA3 . •• + r• • LM r • • ! • r • con • • • PORIAEO • rrZIFOR •• COMMUNITY REDEVELOPMENT AGENCY CITY OF PALM SPRINGS, CA 2005-06 PROPOSED BUDGET TABLE OF CONTENTS Page Summary by Project Area Estimated Budget, FY 2004-05 1 Summary by Project Area Proposed Budget, FY 2005-06 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 CRATEMP COMMUNITY REDEVELOPMENT AGENCY 5110/05 SUMMARY BY PROJECT AREA ESTIMATED BUDGET, FY 2004-05 MERGED AREA#1 MERGED AREA 92 HOUSING TOTAL CAPITAL DEBT SRV PLAZA TOTAL CAPITAL DEBT'SRV TOTAL 811 851 821 812 852 882 Cash Sal 227,263 1,029,265 454,408 1,710,936 _ 449,760 265,884 715.644 2.279,622 4.706,202 6/30/04 Revenue Property Tax 0 4;425,000 0 4,425,000 0 2,961,000 2,961,000 0 7,386,000 Other 4,000 500 152.800 157,300 71,000 0 71,000 112,824 341,124 Setaside 0 0 0 0 0 0 0 1,431,610 1,431,610 Transfers In-Debt Sow 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 600,000 0 0 600,000 300,000 0 300,000 0 900,000 Out 0 0 0 0 0 0 0 0 0 Cash w Fiscal Agent 2,300,000 0 0 2,300,000 3,033,OOp 0 3.033,000 0 5,333,000 Appropriation Personnel Costs (3,700) 0 0 (3,700) (3,400) 0 (3,400) (171.400) (178,500) Downtown Devel Ctr (107,000) 0 0 (107,000) (43.000) 0 (43,000) 0 (150,000) Legal Fees (50,000) 0 (11,000) (61,000) (74,000) 0 (74,000) (30,000) (165,000) Contract/Material (86,275) 0 (63,020) (149,295) (55,750) 0 (55,750) (50,257) (255,302) Administration (138,611) 0 (10,244) (148,855) (73,274) 0 (13,274) (75,023) (297,152) Capital Projects (2,735,907) 0 0 (2,735,907) (3,441,190) 0 (3,441,190) (2,279,854) (8,456,951) Pass Thnl's 0 (1,188,197) 0 (1,188,197) 0 (1,015,404) (1,015,404) 0 (2,203,601) Housing Setaside 0 (854,170) 0 (854,170) 0 (577,440) (577,440) 0 (1,431,610) ERAF 0 (358,000) 0 (358,000) 0 (120,000) (120,000) 0 (478,000) Debt Service 0 (1,298,822) 0 (1,298,822) 0 (691,849) (691,849) (465,693) (2,456,364) Conv Ctr Debt 0 0 0 0 0 (300,000) (300,000) 0 (300,000) Loan Repayment 0 (600,000) 0 (600,000) 0 (300,000) (300,000) 0 (900,000) Est Cash Sal 9,770 1,155,576 522,944 1.688,290 163,146 222,191 385,337 751,829 2,825,456 6/30/05 Page 1 0£ 18 COMMUNITY REDEVELOPMENT AGENCY SUMMARY BY PROJECT AREA PROPOSED 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 Est Cash Bat 9,770 1,155,576 522,944 11688,290 163,146 222,191 335,337 751,829 2,825,456 6/30/05 Revenue Property Taff 0 4,614,000 0 4,614,000 0 3,147,000 3,147,000 0 7,761,000 Other 3,000 500 152.800 156,300 1,000 0 1,000 36,000 193,300 Setaside 0 0 0 0 0 0 0 1,503,905 1,503,905 Transfers In-Debt Sent 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 1,100,000 0 0 1,100,000 400,000 0 400,000 0 1,500,000 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 (3,700) 0 0 (3,700) (3,400) 0 (3,400) (184,067) (191,167) 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) (30,000) (131,000) Contract/Material (97,500) 0 (63,020) (160,520) (65,390) 0 (65,390) (41,500) (267,410) Administration (139,176) 0 (10,525) (149,701) (68,162) 0 (68,162) (78,716) (296,579) Capital Projects (475,000) 0 0 (475,000) (200,000) 0 (200,000) (1,000,000) (1,675,000) Pass Thru's 0 (1,069.461) 0 (1,069,461) 0 (1,080,969) (1,080,969) 0 (2,150,430) Housing Setaside 0 (890,207) 0 (890,207) 0 (613.698) (613,698) 0 (1,503,905) ERAF 0 (358,000) 0 (358,000) 0 (120,000) (120,000) 0 (478,000) Debt Service 0 (1,220,338) 0 (1,220,338) 0 (690,192) (690,192) (468,343) (2,378,873) Conv Ctr Debt 0 0 0 0 0 (300,000) (300,000) 0 (300,000) Loan Repayment 0 (1,10(I,000) 0 (1,100,000) 0 (400,000) (400,000) 0 (1,500,000) Est Cash Bal 218,394 1,132,070 591,199 1,941,663 144,194 164,332 308,526 T89,108 2,739,297 6130/06 Page 2 of 18 - 2005-06 BUDGET REQUEST FUND 811 -MERGED AREA#1 5/10/2005 DEPT 8191 -CAPITAL&ADMIN 2004-05 2004-05 2005-06 Budget Projection Request 1 REVENUE ESTIMATES 2 36101 Interest Income 3,000 4,000 3,000 3 37113 Misc 0 0 0 4 Bond Proceeds 0 2,300,000 0 5 New Loan from Gen Fund 800,000 600,000 1,100,000 6 7 Total Revenue Estimates 803,000 2,904,000 1,103,000 8 9 MATERIALS, SUPPLIES & SERVICES 10 40100 Salary Charge 2,500 2,500 2,500 11 40400 Agency Member Compensation 1,200 1,200 1,200 12 42000 Utilities 1,500 1,500 1,500 13 42100 Office Supplies 1,000 1,000 700 14 42500 Travel &Training 0 0 2,800 15 42520 Conferences 0 0 2,100 16 42530 Dues&Subscriptions 0 0 1,850 17 42570 Printing and Publishing 3,000 3,000 1,050 18 42720 Building Rental 10,500 10,500 10,500 19 43050 Building Repairs 4,000 4,000 7,500 20 43200 Contractual Services _ 21 (a) Downtown Devel -J Ogburn 007,000 107,000 129,000 22 (a) Misc 24,000 59,275 55,000 23 43220 Contractual Legal 50,000 50,000 50,000 24 43250 Auditing 7,000 7,000 7,000 25 43806 Public/Educ 7,500 26 27 Total Materials, Supplies &Services 211,700 246,975 280,200 28 29 SPECIAL CHARGES 30 49010 Administrative 34,216 34,216_ 34,781 31 49060 CRAAdmin Service 104,395 104,395 104,395 _ 32 33 Total Special Charges 138,611 138,611 139,176 34 35 CAPITAL PROJECTS _ 36 5000�Unscheduled Capital Projects 400,000 2,361,510 190,000 37 50003 Building and Equipment 0 0 0 38 65142 Stevens/NPC DDA 0 2,748 0 _ 39 65148 NPC Sewer Improvements 0 73,454 0 40 65149 Highland Gateway Ind St/Sewers 0 55,110 0 41 65153 Lighting Program 0 12,755 75,000 42 65163 St Light Powder Coating 0 50,330 75,000 43 65169 Desert Hotel Property 0 180,006 00,000 44 xxxxx Palm Canyon Offsite Improve 50,000 45 xxxxx Burgess Plaza Street Improve 25,000 46 47 Total Projects 400,000 2,735,907 475,000 48 49 Total Budget Request 750,311 3,121,493 894,376 50 51 -Net(Revenue Less Expenses) 52,689 1 (217,493) 208,624 Page 3 of 18 f - 2005-06 BUDGET REQUEST FUND 821 - PLAZA THEATRE 5/10/2005 DEPT 8199-PLAZA THEATRE 2004-05 2004-05 2005-06 Budget Projection Request 1 REVENUE ESTIMATES 2 36101 Interest Income 4,000 4,000 4,000 3 36105 Building Rental 148,800 148,800 148,800 4 37113 Misc Revenue 0 0 0 5 6 Total Revenue Estimates 152,800 152,800 152,800 7 8 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 11,000 11,000 11,000 15 16 Total Materials, Supplies&Services 74,020 74,020 74,020 17 18 19 SPECIAL CHARGES 20 49010 Administrative 8,140 8,140 8,376 21 49040 Facilities Maintenance 2,104 2,104 2,149 22 -- 23 Total Special Charges 10,244 10,244 10,525 _ 24 25 26 CAPITAL PROJECTS 27 0 0 0 28 29 Total Projects 0 0 0 30 31 Total Budget Request _ 84,264 84,264 84,545 32 33 Net (Revenue Less Expenses) 68,536 68,536 68,255 Page 4 of 18 2005-06 BUDGET REQUEST FUND 851 - MERGED AREA#1 5/10/2005 SUMMARY-DEBT SERVICE 2004-05 2004-05 2005-06 Budget Projection Request J1 REVENUE ESTIMATES _ 2 31101 Current Year Taxes 3,920,000 4,425,000 4,614,000 3 36102 Interest Income Fiscal Agent 500 500 500 4 5 Total Revenue Estimates 3,920,500 4,425,500 4,614,500 _ 6 7 8 DEBT SERVICE 9 49620 Principal 610,000 610,000 360,000 10 49625 Pay Off Loan From General Fund _ 851,393 651,393 1,115,942 11 49640 Interest 146,121 484,611 691,578 12 49645 City Loan Interest 120,000 120,000 120,000 13 49646 Low/Mod Interest 32,818 32,818 32,818 14 65002 Superintendent of Schools 13,146 23,999 25,216 15 65003 Flood Control 54,229 66,244 69,201 16 65004 Mosquito Abatement Pass Thru 18,955 24,170 25,225 17 65005 Cemetary District Pass Thru 2,048 2,618 2,735 18 65006 PS Unified School District 105,811 152,779 162,371 19 65007 COD Pass Thru 24,162 43,610 46,348 20 65008 Desert Water Agency Pass Thru 157,021 169,150 178,597 21 65009 County of Riverside 125,574 201,616 233,576 22 65010 Riverside County Admin Fee 56,644 55,800 59,034 23 65012 Low Mod Housing Pass Thru 755,246 854,170 890,207 24 65013 ERAF 358,000 358,000 358,000 25 65014 Palm Mountain Resort 130,000 130,000 0 26 65015 CV Reg Park&Open Space 0 266 332 27 65016 Desert Hospital 0 1,243 1,545 28 65017 C. V. Resource 0 1 3 29 65100 Assessment District Assistance 32,000 32,000 32,000 30 65124 VIP Motors OPA 250,000 264,701 213,278 _ 31 65138 Wessman OPA 20,000 20,000 20,000 32 33 Total Debt Service 3,863,168 4,299,189 4,638,006 34 35 36 Net (Revenue Less Expenses) 57,332 126,311 (23,506) Page 5 of 18 2005-06 BUDGET REQUEST FUND 851 - MERGED AREA#1 5/10/2005 DEPT 8201 - CENTRAL BUSINESS DISTRICT 2004-05 2004-05 2005-06 Budget Projection Request 1 REVENUE ESTIMATES 2 31111 Current Year Taxes 1,401,000 1,300,000 1,355,000 3 36102 Interest Income Fiscal Agent 500 500 500 4 5 Total Revenue Estimates 1,401,500 1,300,500 1,355,500 6 7 8 DEBT SERVICE 9 49620 Principal 300,000 300,000 100,000 10 49625 City Loan Principal 456,353 117,863 105,000 11 49640Interest 10,000 348,490 400,000 12 49645 City Loan Interest 0 0 0 , 13 _ 49646 Low/Mod Interest 32,818 32,818 32,818 14 65002 Superintendent of Schools 0 0 102 15 65003 Flood Control 0 0 111 16 65004 Mosquito Abatement 0 0 35 17 65005 Cemetary District 0 0 4 18 65006 PSUSD 0 0 655 19 65007 COD 0 0 187 20 65008 Desert Water Agency Pass Thru 83,931 77,211 81,185 21 _ 65009 County of Riverside 0 0 700 22 65010 Riverside County Admin Fee 19,826 16,168 17,015 23 65012 Low Mod Housing Pass Thru 264,340 245,419 255,660 24 65013 ERAF 358,000 358,000 358,000 25 65015 CV Reg Park&Open Space 0 0 11 26 65016 Desert Hospital 0 0 50 27 28 _ 29 r Total Debt Service 1,525,268 1,495,969 1,351,533 30 31 32 Net(Revenue Less Expenses) (123,768) (195,469) 3,967 Page 6 of 18 i � i _ 2005-06 BUDGET REQUEST FUND 851 - MERGED AREA#1 5/10/2005 I DEPT 8203- OASIS 2004-05 2004-05 2005-06 Budget Projection Request 1 REVENUE ESTIMATES 2 31113 Current Year.Taxes 107,000 98,000 102,000 3 36102 Interest Income Fiscal Agent 0 0 0 4 _ 5 Total Revenue Estimates 107,000 98,000 102,000 6 7 8 DEBT SERVICE 9 49625 Pay Off Loan From Gen Fund 0 0 20,000 10 49645 City Loan Interest 0 0 20,000 11 65002 Superintendent of Schools 0 0 44 12 65003 Flood Control 2,264 2,074 2,158 13 65004 Mosquito Abatement Pass Thru 1,027 1,256 1,308 14 65005 Cemetary District Pass Thru 0 0 2 15 65006 PSUSD 0 0 283 16 65007 COD 0 0 81 17 . 65008 Desert Water Agency Pass Thru 375 344 358 18 65009 County of Riverside 14,293 13,091 13,625 19 65010 Riverside County Admin Fee 1,605 1,285 1,349 20 65012 Low Mod Housing Pass Thru 21,400 19,600 20,400 21 65014 Palm Mountain Resort 130,000 130,000 0 22 65015 CV Reg Park& Open Space 0 0 5 23 65016 Desert Hospital 0 0 22 24 25 26 Total Debt Service 170,964 167,650 79,635 27 28 29 Net (Revenue Less Expenses) (63,964) (69,650) 22,365 Page 7 of 18 _ 2005-06 BUDGET REQUEST FUND 851 -MERGED AREA#1 5/10/2005 DEPT 8204-NORTH PALM CANYON 2004-05 2004-05 2005-06 Budget Projection Request 1 REVENUE ESTIMATES .2 31114 Current Year Taxes 429,000 561,000 585,000 3 36102 Interest Income Fiscal Agent 0 0 0 4 _ 5 Total Revenue Estimates 429,000 561,000 585,000 6 7 8 DEBT SERVICE 9 49620 Principal 100,000 100,000 50,000 10 49625 City Loan Principal 115,040 115,040 215,942 11 49640Interest 50,000 50,000 95,000 12 49645 City Loan Interest 0 0 25,000 13 65002 Superintendent of Schools 0 1,217 1,388 14 65003 Flood Control 9,076 11,868 12,376 15 65004 Mosquito Abatement Pass Thru 4,374 5,732 5,977 16 65005 Cemetary District Pass,Thru 500 655 683 17 65006 PSUSD 0 7,835 8,937 18 65007 COD 0 2,237 2,551 19 65008 Desert Water Agency Pass Thru 1,503 1,969 2,053 20 65009 County of Riverside 11,461 14,988 38,387 21 65010 Riverside County Admin Fee 6,435 7,342 7,793 22 65012 Low Mod Housing Pass Thru 85,800 112,200 117,000 23 65015 CV Reg Park&Open Space 0 126 145 24 65016 Desert Hospital 0 594 677 25 26 Total Debt Service 384,189 431,803 583,909 27 28 29 Net (Revenue Less Expenses) 44,811 129,197 1,091 Page 8 of 18 2005-06 BUDGET REQUEST FUND 851 - MERGED AREA#1 5/10/2005 DEPT 8205- HIGHLAND-GATEWAY 2004-05 2004-05 2005-06 Budget Projection Request 1 REVENUE ESTIMATES 2 31115 Current Year Taxes 164,000 191,000 200,000 3 36012 Interest income Fiscal Agent 0 0 0 4 5 Total Revenue Estimates 164,000 191,000 200,000 6 7 8 DEBT SERVICE 9 49625 Pay Off Loan From General Fund 105,000 105,000 145,000 10 49645 City Loan Interest 10,000 10,000 0 11 65002 Superintendent of Schools 0 0 61 12 65003 Flood Control 0 0 52 13 '65004 Mosquito Abatement Pass Thru 1,688 1,970 2,063 14 65005 Cemetary District Pass Thru 193 225 236 _ 15 65006 PSUSD 0 0 390 16 65007 COD 0 0 112 17 65008 Desert Water Agency Pass Thm 580 677 709 18 65009 County of Riverside 4,422 5,150 5,393 19 65010 Riverside County Admin Fee 2,460 2,434 2,642 20 65012 Low Mod Housing Pass Thru 32,800 38,200 40,000 _ 21 65015 CV Reg Park&Open Space 0 0 7 22 65016 Desert Hospital 0 0 30 23 65017 C. V. Resource 0 0 1 24 25 Total Debt Service 157,143 163,656 196,696 26 27 28 Net (Revenue Less Expenses) 6,857 27,344 3,304 _ I _ Page 9 of 18 1 2005-06 BUDGET REQUEST FUND 851 - MERGED AREA#1 5/10/2005 DEPT 8206- RAMON-BOGIE 2004-05 2004-05 2005-06 Budget Projection Request 1 REVENUE ESTIMATES 2 31116 Current Year Taxes 332,000 345,000 360,000 3 36102 Interest Income Fiscal Agent 0 0 0 4 5 Total Revenue Estimates 332,000 345,000 360,000 6 7 8 DEBT SERVICE 9 49620 Principal 50,000 50,000 50,000 10 49625 City Loan Principal 25,000 25,000 60,000 11 49640Interest 20,000 20,000 50,000 12 49645 City Loan Interest 40,000 40,000 35,000 13 65002 Superintendent of Schools 0 251 342 14 65003 Flood Control 12,875 13,435 14,019 15 65004 Mosquito Abatement Pass Thru 427 444 463 16 65005 Cemetary District Pass Thru 49 51 53 17 65006 PSUSD 0 1,611 2,201 18 65007 COD 0 460 629 19 65008 Desert Water Agency Pass Thru 1,167 1,215 1,268 20 65009 County of Riverside 31,154 32,368 33,775 21 65010 Riverside County Admin Fee 4,980 .4,545 4,785 22 65012 Low Mod Housing Pass Thru 66,400 69,000 72,000 23 65015 CV Reg Park&Open Space 0 27 36 24 65016 Desert Hospital 0 122 167 25 65017 C. V. Resource 0 1 2 26 65100 Assessment District Assistance 32,000 32,000 32,000 27 28 Total Debt Service 284,052 290,530 356,740 29 30 31 Net(Revenue Less Expenses) 47,948 54,470 3,260 Page 10 of 18 _ 2005-06 BUDGET REQUEST FUND 851 -MERGED AREA#1 5/10/2005 DEPT 8207-SOUTH PALM CANYON 2004-05 2004-05 2005-06 Budget Projection Request 1 REVENUE ESTIMATES 2 31117 Current Year Taxes 348,000 468,000 488,000 3 36102 Interest Income Fiscal Agent 4 5 Total Revenue Estimates 348,000 468,000 488,000 6 7 8 DEBT SERVICE 9 49620 Principal 25,000 25,000 60,000 10 49625 City Loan Principal 85,000 85,000 180,000 11 49640Interest 30,000 30,000 50,000 12 65002 Superintendent of Schools 0 1,081 1,227 13 65003 Flood Control 7,362 9,901 10,324 14 65004 Mosquito Abatement Pass Thru 446 600 626 15 65005 Cemetary District Pass Thru 51 69 72 16 65006 PSUSD 0 6,957 7,901 17 65007 COD 0 1,986 2,255 18 65008 Desert Water Agency Pass Thru 1,219 1,643 1,713 19 65009 County of Riverside 32,540 43,760 45,630 20 65010 Riverside County Admin Fee 5,220 6,090 6,486 21 65012 Low Mod Housing Pass Thru 69,600 93,600 97,600 22 65015 CV Reg Park& Open Space 0 113 128 23 65016 Desert Hospital 0 527 _ 599 24 65138 Wessman OPA 20,000 20,000 20,000 25_ 26 Total Debt Service 276,438 326,327 484,561 27 28 _ 29 Net(Revenue Less Expenses) 71,562 141,673 3,439 Page 11 of 18 _ 2005-06 BUDGET REQUEST FUND 851 - MERGED AREA# 1 5/10/2005 DEPT 8209-PROJECT AREA#9 2004-05 2004-05 2005-06 Budget Projection Request i REVENUE ESTIMATES 2 31119 Current Year Taxes 1,139,000 1,462,000 1,524,000 3 36102 Interest Income Fiscal Agent 0 0 0 4 37113 Misc Revenue 0 0 0 5 6 Total Revenue Estimates 1,139,000 1,462,000 1,524,000' 7 8 -- 9 DEBT SERVICE 10 49620 Principal 135,000 135,000 100,000 11 49625 Pay Off Loan From General Fund 65,000 203,490 390,000 12 49640Interest 36,121 36,121 76,578 13 49645 City Loan Interest 70,000 70,000 60,000 14 65002 Superintendent of Schools 13,146 21,450 22,052 15 65003 Flood Control 22,652 28,966 30,161 16 65004 Mosquito Abatement Pass Thru 10,993 14,168 14,753 17 65005 Cemetary District Pass Thru 1,255 1,618 1,685 18 65006 PS Unified School District 105,811 136,376 142,004 19 65007 COD Pass Thru 24,162 38,927 40,533 _ 20 65008 Desert Water Agency Pass Thru 68,246 86,091 91,311 21 65009 County of Riverside 31,704 92,259 96,066 22 65010 Riverside County Admin Fee 16,118 17,936 18,964 23 65012 Low Mod Housing Pass Thru 214,906 276,151 287,547 24 65124 VIP Motors OPA 250,000 264,701 213,278 25 _ 26 Total Debt Service 1,065,114 1,423,254 1,584,932 27 28 29 Net (Revenue Less Expenses) 73,886 38,746 (60,932) _ I Page 12 of 18 2005-06 BUDGET REQUEST FUND 812-MERGED AREA#2 5/10/2005 DEPT 8192-CAPITAL&ADMIN 2004-05 2004-05 2005-06 Budget Projection Request 1 REVENUE ESTIMATES 2 36101 Interest Income 8,000 1,000 1,000 3 36104 Land Rental 0 31,000 0 4 37105 Misc 0 39,000 0 5 Bond Proceeds 0 3,033,000 0 6 New Loan from Gen Fund 300,000 300,000 400,000 7 8 Total Revenue Estimates 308,000 3,404,000 401,000 9 10 11 MATERIALS, SUPPLIES&SERVICES 12 40100 Salary Charge 2,500 2,500 2,500 13 40400 Agency Member Compensation 900 900 900 14 42001 Electricity 0 0 10,000 15 42005 Water 0 0 750 16 42100 Office Supplies 0 0 300 17 42500 Travel &Training 0 0 1,200 18 42520 Conference 0 0 900 19 42530 Dues &Subs 0 0 790 20 42570 Printing and Publishing 3,000 3,000 450 21 42720 Building Rental 4,500 4,500 4,500 22 43060 Grounds Maintenance 0 10,000 6,000 23 43200 Contractual Services _ 24 (a) Downtown Devel-J Ogburn 43,000 43,000 43,000 25 (b) Misc 32,253 35,250 35,000 26 43220 Contractual Legal 5,000 74,000 40,000 27 43250 Auditing 3,000 3,000 3,000 28 43806 Public Educ 0 0 2,500 29 30 Total Materials, Supplies& Services 94,153 176,150 151,790 31 32 SPECIAL CHARGES 33 49010 Administrative 21,202 21,202 16,090 34 49060 CRA Admin Service 52,072 52,072 52,072 35 36 Total Special Charges 73,274 73,274 68,162 37 38 CAPITAL PROJECTS 39 50000 Unscheduled Capital Projects 300,000 3,430,675 200,000 40 65130 E Tahquitz Light Fixtures 0 0 0 41 65144 Ramon/Sunrise St Improve 0 0 0 42 65154 Canyon Drainage Fee Study 0 10,515 0 43 65156 Post Office Relocation 0 0 0 44 65157 Palm Canyon LLC 0 0 0 45 46 Total Capital Projects 300,000 3,441,190 200,000 47 _ 48 Total Budget Request 467,427 3,690,614 419,952 49 50 Net (Revenue Less Expenses) (159,427) (286,614) (18,952) Page 13 of 18 2005-06 BUDGET REQUEST FUND 852- MERGED AREA#2 5/10/2005 SUMMARY- DEBT SERVICE 2004-05 2004-05 2005-06 Budget Projection Request 1 REVENUE ESTIMATES 2 31101 Current Year Taxes 2,580,000 2,961,000 3,147,000 3 36102 Interest Income Fiscal Agent 0 0 0 4 5 Total Revenue Estimates 2,580,000 2,961,000 3,147,000 6 7 8 DEBT SERVICE 9 49620 Principal 255,000 255,000 135;000 10 49625 Pay Off Loan from Gen Fund 500,000 300,000 400,000 11 49640Interest 100,168 338,021 473,682 12 49645 City Loan Interest 81,510 81,510 81,510 13 49680 Refinancing Costs 0 17,318 0 14 49690 Other Debt Service 300,000 300,000 300,000 15 65002 Superintendent of Schools 23,936 32,449 34,971 16 65003 Flood Control 99,598 112,700 120,009 17 65004 Mosquito Abatement Pass Thru 23,702 27,441 29,215 18 65005 Cemetary District Pass Thru 475 1,292 1,338 19 65006 PS Unified School District 172,666 208,957 225,194 20 65007 COD Pass Thru 39,429 59,644 64,279 21 65008 Desert Water Agency Pass Thru 78,303 84,786 89,279 22 65009 County of Riverside 382,627 437,245 463,438 23 65010 Riverside County Admin Fee 37,659 38,969 40,924 24 65012 Low Mod Housing Pass Thru 502,098 577,440 613,698 25 65013 ERAF 120,000 120,000 120,000 26 65015 CV Reg Park&Open Space 0 2,098 2,168 27 65016 Desert Hospital 0 9,823 10,154 28 29 _Total Debt Service 2,717,171 3,004,693 3,204,859 30 31 32 Net (Revenue Less Expenses) (137,171) (43,693) (57,859) Page 14 of 18 2005-06 BUDGET REQUEST FUND 852- MERGED AREA#2 5/10/2005 DEPT 8202-TAHQUITZ-ANDREAS 2004-05 2004-05 2005-06 Budget Projection Request 1 REVENUE ESTIMATES 2 31112 Current Year Taxes 796,000 861,000 895,000 3 36102 Interest Income Fiscal Agent 0 0 0 4 5 6 Total Revenue Estimates 796,000 861,000 895,000 7 8 9 DEBT SERVICE/PASS THRU'S 10 49620 Principal 55,000 55,000 55,000 11 49640Interest 10,168 248,021 218,021 12 49645 City Loan Interest 26,700 26,700 26,700 13 49680 Refinancing Costs 0 17,318 0 14 49690 Other Debt Service 300,000 300,000 300,000 15 65002 Superintendent of Schools 0 775 1,004 16 65003 Flood Control 31,773 34,405 35,724 17 65004 Mosquito Abatement 5,764 6,251 6,491 18 65005 Cemetary District 0 30 39 19 65006 PSUSD 0 4,988 6,462 20 65007 COD 0 1,424 1,845 21 65008 Desert Water Agency Pass Thru 47,687 50,692 53,623 22 65009 County of Riverside 120,371 130,343 135,342 23 65010 Riverside County Admin Fee 11,265 10,714 11,348 24 65012 Low Mod Housing Pass Thru 150,189 162,632 168,868 25 65013 ERAF 120,000 120,000 120,000 26 65015 CV Reg Park& Open Space 0 81 105 27 65016 Desert Hospital 0 378 490 28 29 Total Debt Service/Pass Thru's 878,917 1,169,752 1,141,062 30 31 32 Net(Revenue Less Expenses) (82,917) (308,752) (246,062) _ Page 15 of 18 2005-06 BUDGET REQUEST FUND 852-MERGED AREA#2 5/10/2005 DEPT 8208- BARISTO-FARRELL 2004-05 2004-05 2005-06 Budget Projection Request 1 REVENUE ESTIMATES 2 31118 Current Year Taxes 1,352,000 1,627,000 1,760,000 3 36102 Interest Income Fiscal Agent 0 0 0 4 5 Total Revenue Estimates 1,352,000 1,627,000 1,760,000 6 7 8 DEBT SERVICE/PASS THRU'S 9 49620 Principal 200,000 - 200,000 80,000 10 49640Interest 90,000 90,000 255,661 11 49645 City Loan Interest 30,810 30,810 230,810 12 65002 Superintendent of Schools 16,483 24,846 26,878 13 65003 Flood Control 59,203 68,838 74,465 1 14 65004 Mosquito Abatement Pass Thru 13,783 16,622 17,981 15 65005 Cemetary 0 740 757 16 65006 PS Unified School District 132,673 160,000 173,080 17 65007 COD Pass Thru 30,296 45,670 49,403 18 65008 Desert Water Agency Pass Thru 4,735 5,710 6,177 19 65009 County of Riverside 180,597 217,330 235,096 20 65010 Riverside County Admin Fee 20,280 22,352 23,444 21 65012 Low Mod Housing Pass Thru 270,400 325,400 352,000 22 65015 CV Reg Park&Open Space 0 2,017 2,063 23 65016 Desert Hospital 0 9,445 9,664 24 25 Total Debt Service/Pass Thru's 1,049,260 1,219,780 1,537,479 26 27 28 Net(Revenue Less Expenses) 302,740 407,220 222,521 29 30 31 1 Need to accrue amount not passed thru each year- must be paid every tenth year Page 16 of 18 2005-06 BUDGET REQUEST FUND 852- MERGED AREA#2 5/10/2005 DEPT 8210- PROJECT AREA#10 2004-05 2004-05 2005-06 Budget Projection Request 1 REVENUE ESTIMATES 2 31120 Current Year Taxes 432,000 473,000 492,000 3 36102 Interest Income Fiscal Agent 0 0 0 4 37113 Mis Revenue 0 0 0 5 6 Total Revenue Estimates 432,000 473,000 492,000 7 8 9 DEBT SERVICE/PASS THRU'S 10 49620 Principal 0 0 0 11 49625 Loan Payment 500,000 300,000 200,000 12 49645 City Loan Interest 24,000 24,000 24,000 13 65002 Superintendent of Schools 7,453 6,828 7,089 14 65003 Flood Control 8,622 9,457 9,820 15 65004 Mosquito Abatement Pass Thru 4,155 4,568 4,743 16 65005 Cemetary District Pass Thru 475 522 542 17 65006 PS Unified School District 39,993 43,969 45,652 18 65007 COD Pass Thru 9,133 12,550 13,031 19 65008 Desert Water Agency Pass Thru 25,881 28,384 29,479 _ 20 65009 County of Riverside 81,659 89,572 93,000 _ 21 65010 Riverside County Admin Fee 6,114 5,903 6,132 22 65012 Low Mod Housing Pass Thru 81,509 89,408 92,830 23 24 25 Total Debt Service/Pass Tfiru's 788,994 615,161 526,318 26 27 __ 28 Net (Revenue Less Expenses) (356,994) (142,161) (34,318) Page 17 of 18 2005-06 BUDGET REQUEST FUND 882- LOW/MOD HOUSING 5/10/2005 DEPT 8382- LOW/MOD HOUSING - 2004-05 2004-05 2005-06 Budget Projection Request 1 REVENUE ESTIMATES 2 39900 Current Year Taxes 1,257,344 1,431,610 1,503,905 3 36101 Interest Income 35,000 12,000 12,000 4 36102 Interest Income- Fiscal Agent 15,000 13,000 13,000 5 36104 Land Rental 23,000 10,000 10,000 6 37105 Contrib Non Govt 1,000 50,000 1,000 7 37113 Misc Revenue 0 27,824 0 8 Total Revenue Estimates 1,331,344 1,544,434 1,539,905 9 PERSONNEL 10 40000 1 Regular Employees 105,989 105,989 108,998 11 40100 Salary Charge 5,000 5,000 5,000 12 40200 Temporary Employees 5,000 5,000 5,000 ' 13 40400 Agency Member Compensation 500 500 500 14 41600 PERS 26,838 26,838 37,148 15 41700 Medicare Tax 1,733 1,733 1,780 16 41800 FICA 310 310 310 17 41900 Fringe Benefits 21,454 21,454 18,986 18 41920 Workers Compensation 4,576 4,576 6,345 19 Total Personnel 171,400 171,400 184,067 20 MATERIALS, SUPPLIES&SERVICES 21 42100 Office Supplies 1,000 1,000 1,000 22 42500 Travel &Training 3,000 3,000 3,000 23 42530 Dues&Subscriptions 500 500 500 24 42570 Printing and Publishing 2,500 2,500 2,500 25 42720 Building Rental 1,500 1,500 1,500 26 43200 Contractual Services 10,000 18,643 10,000 27 43220 Contractual Legal 30,000 30,000 30,000 28 43250 Auditing 800 800 1,000 29 43960 Property Tax 3,360 3,360 2,000 30 65010 Riverside County Admin 17,000 18,954 20,000 31 Total Materials, Supplies&Services 69,660 80,257 71,500 32 SPECIAL CHARGES 33 4:0001nsurMe 6,307 6,307 6,753 3.4 49010 Administrative 27,118 27,118 30,365 35 49060 CRA Admin Service 41,598 41,598 41,598 36 Total Special Charges 75,023 75,023 78,716 37 DEBT SERVICE 38 49600 Paying Agent Fee 4,000 4,000 4,000 39 49620 Principal 205,000 205,000 215,000 40 49640 Interest 256,693 256,693 249,343 41 Total Debt Service 465,693 465,693 468,343 42 CAPITAL PROJECTS 43 50000 Unscheduled Capital Projects 1,225,000 737,308 1,000,000 44 65122 SFR Rehab 0 80,285 0 45 65140 Garden Springs OPA 0 414,597 0 46 65145 Desert Highland Infill 0 136,707 0 47 65146 Vista Sunrise 0 225,000 0 48 65147 El Dorado MDH 0 376,325 0 49 65151 Sunset Hacienda 0 259,632 0 50 65170 D/H Infill _ 0 50,000 0 51 _ 52 Total Projects 1,225,000 2,279,854 1,000,000 53 _ 54 Total Budget Request 2,006,776 3,072,227 1,802,626 b5 56 Net (Revenue Less Expenses) (675,432) (1,527,793) (262,721) I Page 18 of 18 PROOF OF PUBLICATION This is space for County Clerks Filing Stamp (2015.5.C.C.P) STATE OF CALIFORNIA County of Riverside -------------------------____________________ I am a citizen of the United States and a resident of Proof of Publication of the County aforesaid; I am over the age of eighteen --------------- -' years,and not a party to or interested in the above-entitled matter.I am the principal clerk of a _ rinter of the,DESERT SUN PUBLISHING No.2036 P COMMUNITY REDEVELOPMENT AGENCY COMPANY a newspaper of general circulation, NOTICE I OF PUBLIC PALMPRING HEARING printed and published in the city of Palm Springs, County of Riverside,and which newspaper has been PROFISCAL YEAR 2005200POSED BUDGET 6ARY adjudged a newspaper of general circulation by the NOTICE IS HEREBY GIVEN, that the Community, Superior Court of the County of Riverside,State of Redevelopment Agency of the City of Palm Springs will hold a Public Hearing at City Hall, California under the date of March 24,1988.Case Council Chambers,located at 3200 Tahquitz Can- Number 191236;that the notice,of Which the you Way, Palm Springs,CA 92262,beginning at 6 p m., Wednesday, May 18, 2005, to consider the annexed is a printed copy(set in type not smaller Proposed Fiscal Year 2005-2006 Budget. than non pariel,has been published in each regular Below is the proposed 2005-2006 fiscal year bud- in summary form. The supp.rung detail for and entire issue of said newspaper and not in any the proposed bud et Is availabla at City Hall in supplement thereof on the following dates,to wit: the Ofrice of the C9ty clerk and the Library cen- r. PROJECT CAPITAL DEBT May 7n, PROJECTS SERVICE ------------------------_----------_------------------------__ Merged Area$1 $863,376 $4638,006 Merged Area#2 379,002 3:212,312 Low& Moderate Income - Hous ______________________________________________________________ ing 1,331,282 468,343 Plaza theatre —_ —-84,545 - 0 All in the year 2005 TOTAL $2,658,205 $8,318,661 I certify(on declare)under penalty of perjury that the Response to this notice may be made verbally at foregoing Is true and correct. the facile hearing and/or In writing before the hearing. Written comments may be made to the Dated at Palm Springs,California this-----18°'----day City Cou roil by letter(mail or hand deliver)to: James Thompson, Assistant Secretary s� 3200 East Tahquitz Canyon Way If a Palm Springs, CA 92262 of------- - ,t ___ ___,2005 y ny individual or group challenges the action in con rt„Issues raisedthe may be limited to only those Issues raised at the public hearingg described m -' this notice or in written correspondence at or pal- ___________ _ _ ______------------------------- or to the meeting. Questions tram Fin this may be directed 0) Thomas M. Kanarq Finance De- "'^�SIE1t.aCllr¢ partment (760J 323-8229. Si neceslta evade con arts carts,porfavor name'a Is Ciudad de Palm Spprings y people hablar can Nadine Fieger(760) 322-8364'ext. 8758. Dated this 4th day of May 2005. JAMES THOMPSON, Assistant Secretary PUB: May 7, 2005