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RDA NO. 3
7-1-96
DATE'
JUNE 26, 1996
TO: WILLIAM A. HUSTON, EXECUTIVE DIRECTOR OF
THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY
FROM: RONALD A. NAULT, FINANCE DIRECTOR
SUBJECT: RESOLUTION RDA NO. 96-2 ADOPTING THE AGENCY BUDGET AND
APPROPRIATING REVENUE OF THE AGENCY FOR FISCAL YEAR 1996-97
RECOMMENDATION:
Adopt Resolution RDA No. 96-2, a Resolution of the Board of
Directors of the Tustin Community Redevelopment Agency, adopting
the Agency's 1996-97 Budget of $5,331,685.
FISCAL IMPACT:
The Redevelopment Agency's action will adopt the expenditure
program for the 1996-97 fiscal year.
DISCUSSION:
The Draft 1996-97 Tustin Community Redevelopment Agency Budget was
included in the draft City Budget presented to Council and
discussed at a workshop on May 6th during which operating
expenditures and capital improvements were discussed. There have
been no changes to the document as hereby presented.
Ronald A. Nault
Finance Director
RAN:ts
Attachment
RES: BudgRDA1. Jun
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RESOLUTION RDA NO. 96-2
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 1996-97.
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 1996-97 fiscal year,
beginning July 1, 1995; 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 hereby appropriated from the anticipated revenue
of the Redevelopment Agency for the purposes stated during
the 1996-97 fiscal year.
Operating Expenses
Debt Service
Capital Improvements
$ 1,709,317
2,987,640
634,728
TOTAL APPROPRIATIONS 1995-96
$ 5,331,685
PASSED AND ADOPTED at a regular meeting of the
Community Redevelopment Agency of the City of Tustin held on
the 1st day of July , 1996.
ATTEST:
Tracy Wills Worley
Chairperson
Pamela Stoker, City Clerk
RES: BudgRDA2 · Jun