HomeMy WebLinkAboutRDA 04 ADOPT BUDGET 08-03-98DATE:
August 3, 1998
RDA NO. 4
8-3-98
Inter-Com(
TO:
FROM:
SUBJECT:
William A. Huston, Executive Director
Ronald A. Nault, Finance Director
RESOLUTION RDA NO. 98-4 ADOPTING THE AGENCY BUDGET AND
APPROPRIATING REVENUE OF THE AGENCY FOR FISCAL YEAR 1998-99
SUMMARY: The Agency is requested to approve the attached Resolution adopting the budget
for the Tustin Community Redevelopment Agency for Fiscal Year 1998-99.
RECOMMENDATION'
Adopt Resolution RDA No. 98-4, a Resolution of the Board of Directors of the Tustin Community
Redevelopment Agency, adopting the Agency's 1998-99 Budget of $10,265,424.
FISCAL IMPACT:
The Redevelopment Agency's action will adopt the expenditure program for the 1998-99 fiscal year.
DISCUSSION:
The Draft 1998-99 Tustin Community Redevelopment Agency Budget was included in the Draft City
Budget presented to COuncil and discussed at workshops on July 7th and July 20th, during which
operating expenditures and capital improvements were discussed. There are no adjustments
included in the recommended appropriations.
Ronald A. Nault
Finance Director
RAN:ts
Attachment
RAN:RDA98-99Budget. Agenda.doc
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RESOLUTION RDA NO. 98-4
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 1998-99
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 1998-99 fiscal year, beginning July 1,
1998; 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 1998-99 fiscal year.
Operating Expenses
Debt Service
Capital Improvements
4,056,881
3,478,855
2,729,688
TOTAL APPROPRIATIONS 1998-99
$ 10,265,424
PASSED AND ADOPTED at a regular meeting of the Community Redevelopment
Agency of the City of Tustin held on the 3rd day of August, 1998.
ATTEST:
Thomas R. Saltarelli
Chairperson
Pamela Stoker
City Clerk