HomeMy WebLinkAboutRDA 03 AGENCY BUDGET 07-19-99DATE:
July 19, 1999
Inter-Com
RDA NO. 3
7-19-99
TO:
FROM:
SUBJECT:
William A. Huston, Executive Director
Ronald A. Nault, Finance Director
RESOLUTION RDA NO. 99-1 ADOPTING THE AGENCY BUDGET AND
APPROPRIATING REVENUE OF THE AGENCY FOR FISCAL YEAR 1999/2000
SUMMARY: The Agency is requested to approve the attached Resolution adopting the budget
for the Tustin Community Redevelopment Agency for Fiscal Year 1999/2000.
RECOMMENDATION:
Adopt Resolution RDA No. 99-1, a Resolution of the Board of Directors of the Tustin Community
Redevelopment Agency, adopting the Agency's 1999/2000 Budget of $9,534,308.
FISCAL IMPACT:
The Redevelopment Agency action will adopt the expenditure program for the 1999/2000 fiscal year.
DISCUSSION:
The Draft 1999/2000 Tustin Community Redevelopment Agency Budget was included in the Draft
City Budget presented to Council and discussed at its workshop on June 21, 1999, during which
operating expenditures and capital improvements were discussed. There are no adjustments
included in the recommended appropriations.
Ronal~l A. Nault
Finance Director
RAN:ts
Attachment
BUDG:RDA1999BudgetStaffReport.doc
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RESOLUTION RDA NO. 99-1
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF TUSTIN, CALIFORNIA, ADOPTING THE
AGENCY BUDGET AND APPROPRIATING FROM ANTICIPATED
REVENUE OF THE AGENCY FOR THE FISCAL YEAR 1999-2000
WHEREAS, in accordance with good fiscal policies, the Executive Director of the
Tustin Community Redevelopment Agency has prepared and submitted to the Board of
Directors, a proposed Annual Budget for the 1999-2000 fiscal year, beginning July 1,
1999; and
WHEREAS, the Board of Directors, as the legislative body of the Agency, has
reviewed this proposed budget.
NOW, THEREFORE, the Board of Directors of the Community Redevelopment
Agency for the City of Tustin does hereby resolve, determine and order that the
following sums of money are appropriated from the anticipated revenue of the
Redevelopment Agency for the purposes stated during the 1999-2000 fiscal year.
Operating Expenses
Debt Service
Capital Improvements
2,889,282
3,453,353
3,191,673
TOTAL APPROPRIATIONS 1999-2000 $ 9,534,308
PASSED AND ADOPTED at a regular meeting of the Community Redevelopment
Agency of the City of Tustin held on the 19th day of July, 1999.
ATTEST:
Tracy Wills Worley
Chairperson
Pamela Stoker
City Clerk