HomeMy WebLinkAbout7/3/2002 - STAFF REPORTS (4) DATE: July 3,2002
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 2001-02 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 $1 ,205,561 . 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 $246,643
Merged Area No. 2 61 ,905
Low & Mod. Income Housing 897,013
TOTAL $1 ,205,561
Budget estimates for fiscal year 2002-03 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 "����' ¢�
Executive JC fka�
ATTACHMENT: 1 . Resolution
RESOLUTION NO.
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM
SPRINGS, CALIFORNIA, APPROVING CONTINUING APPROPRIATIONS
FROM FISCAL YEAR 2001-02 TO THE FISCAL YEAR 2002-03.
WHEREAS the City Council of the City of Palm Springs has adopted a budget
for the 2002-03 fiscal year; and
WHEREAS certain projects budgeted in the 2001-02 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 2002-03 fiscal year, the amount indicated or
the final audited unencumbered balances, whichever is the lesser amount, as
of June 30, 2002 of the following accounts:
ACCOUNT NO: ACCOUNT TITLE AMOUNT
811-8191-65116 Uptown Lighting Program 2,599
811-8191-65120 Desert Shadows OPA 185,000
811-8191-65131 E Palm Canyon Light Fixtures 9,557
811-8191-65133 F. Stevens Parks Sidewalks 5,100
811-8191-65134 Radio Road Improve Phase II 8,859
811-8191-65136 Uptown Decorative Lights 9,041
8 1 1-81 91-651 39 F. Stevens Art Academy 23,987
811-8191-65142 Stevens/ NPC DDA 2,500
812-8192-50000 Unscheduled Capital Projects 29,231
812-8192-65130 E. Tahquitz Light Fixtures 32,674
882-8382-65000 Realocation Assistance 34,929
882-8382-65107 Sect 202 Senior Housing 31,870
882-8382-65121 Cottonwood/Chuckwalla SFR 79,363
882-8382-65122 SFR Rehab Program 129,233
882-8382-65126 Heritage Apts. OPA 90,823
882-8382-65135 Burnett Development DDA 5,220
882-8382-65140 Garden Springs Apartments OPA 10,575
882-8382-65141 PS Apartments OPA 115,000
882-8382-65143 Sahara Mobile Home 400,000
C
RESOLUTION NO. PAGE 2
Section 2.All appropriations approved subsequent to passage of this resolution
for the 2001-02 fiscal year, and not expended, are authorized to be
continued into the 2002-03 fiscal year.
ADOPTED this day of 12002
AYES:
NOES:
ABSENT:
ATTEST:
CITY OF PALM SPRINGS
BY
REVIEWED &APPROVED
C r