HomeMy WebLinkAbout7/2/2003 - STAFF REPORTS DATE: July 2, 2003
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 2002-03 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
Finance Department.
The current amount recommended to be continued is $921,019. 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 $89,806
Merged Area No. 2 94,259
Low & Mod. Income Housing 851,954
TOTAL $1,036,019
Budget estimates for fiscal year 2003-04 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 and Treasurer
APPROVED` -4
Excutive 6!rerct r
1
ATTACHMENT: 1. ResoluYi6
RESOLUTION NO.
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM
SPRINGS, CALIFORNIA, APPROVING CONTINUING APPROPRIATIONS
FROM FISCAL YEAR 2002-03 TO THE FISCAL YEAR 2003-04
WHEREAS the City Council of the City of Palm Springs has adopted a budget for the
2003-04 fiscal year; and
WHEREAS certain projects budgeted in the 2002-03 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 carrying forward to the nearest dollar, as continuing appropriations
into the 2003-04 fiscal year, the amount indicated or the final audited unencumbered
balances, whichever is the lesser amount, as of June 30, 2003 of the following accounts:
ACCOUNT NO: ACCOUNT TITLE AMOUNT
811-8191-65116 Uptown Lighting Program 78,018
8 1 1-81 91-651 36 Uptown Decorative Lights 9,040
811-8191-65142 Stevens / NPC DDA 2,748
812-8192-50000 Unscheduled Capital Projects 28,417
812-8192-65130 E Tahquitz Light Fixtures 2,642
812-8192-65144 Ramon/Sunrise St Improve 48,700
812-8192-65154 Canyon Drainage Fee Study 4,500
812-8192-65157 Palm Canyon LLC 10,000
882-8382-50000 Unscheduled Capital Projects 250
882-8382-65000 Relocation Assistance 34,929
882-8382-65107 Sect 202 Senior Housing 31,870
882-8382-65122 SFR Rehab Program 109,000
882-8382-65126 Heritage Aprt OPA 38,948
882-8382-65140 Garden Springs Apartments OPA 506,837
882-8382-65151 Sunrise Hacienda Apt DDA 115,000
882-8382-65155 Sunrise Village Mobile 15,120
Section 2. All appropriations approved subsequent to passage of this resolution for
the 2002-03 fiscal year, and not expended, are authorized to be continued
into the 2003-04 fiscal year.
ADOPTED this day of , 2003
(V�k
AYES:
NOES:
ABSENT:
ATTEST:
CITY OF PALM SPRINGS
BY
REVIEWED &APPROVED