HomeMy WebLinkAboutRDA 03 AGENCY BUDGET 08-18-97DATE:
August 12, 1997
Inter-Com
RDA NO. 3
8-18-97
TO'
FROM'
SUBJECT:
William A. Huston, Executive Director of
The Tustin Community Redevelopment Agency
Ronald A. Nault, Finance Director
RESOLUTION RDA NO. 9?-3 ADOPTING THE AGENCY BUDGET AND
APPROPRIATING REVENUE OF THE AGENCY FOR FISCAL YEAR 1997-98
RECOMMENDATION=
Adopt Resolution RDA No. 97-3, a Resolution of the Board of
Directors of the Tustin Community Redevelopment Agency, adopting the
Agency's 1997-98 Budget of $7,861,219.
FISCAL IMPACT:
The Redevelopment Agency's action will adopt the expenditure program
for the 1997-98 fiscal year.
DISCUSSION:
The Draft 1997-98 Tustin Community Redevelopment Agency Budget was
included in the Draft City Budget presented to Council and discussed
at workshops on July 7th and August 4th, during which operating
expenditures and capital improvements were discussed. There has
been one adjustment included in the recommended appropriations. The
Draft Budget document included a carryover appropriation of $659,609
in the South Central Set Aside Fund in error. Resolution RDA No.
97-3 reflects the deletion of this amount.
Ro
Finance Director
RAN:ts
Attachment
RAN6:BudgRDA.97
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
23
24
25
26
27
28
RESOLUTION RDA NO. 97-3
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' 1997-98.
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 1997-98 fiscal
year, beginning July 1, 1997; 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
1997-98 fiscal year.
Operating Expenses
Debt Service
Capital Improvements
$ 2,824,797
3,564,355
1,472.067
TOTAL APPROPRIATIONS 1997-98
$ 7,861,219
PASSED AND ADOPTED at a regular meeting of the
Community Redevelopment Agency of the City of Tustin held
on the 18th day of August , 1997.
ATTEST:
Jeffery M. Thomas
Chairperson
Pamela Stoker
City Clerk
RES: BuclgRDA 1.97