HomeMy WebLinkAboutRDA ADOPT BUDGET 09-07-93DATE:
AUGUST 24v 1993
RDA NO. 7
9-7-93
Inter-Cum
TO:
WILLIAM A. HUBTON, EXECUTIVE DIRECTOR OF THE TUSTIN COMMUNITY
REDEVELOPMENT AGENCY
FROM:
FINANCE DEPARTMENT
SUBJECT: aDA RESOLUTION NO. 93-10 ADOPTING THE AGENCY BUDGET AND
APPROPRIATING REVENUE OF THE AGENCY FOR FISCAL YEAR 1993-94
!
RECOMMENDATION:
Adopt RDA Resolution No. 93-10, a Resolution of the Board of
Directors of the Tustin Community Redevelopment Agency, adopting
the Agency 1993-94 Budget of $9,039,086. ~.
FISCAL IMPACT:
The Redevelopment Agency's action will adopt the expenditure
program for the 1993-94 fiscal year.
DISCUSSION:
The Draft 1993-94 Tustin Community Redevelopment Agency Budget was
included in the City Budget presented to Council in June and July.
'During the five budget workshops the Agency Operating and Capital
Improvement Budgets were discussed. During the public hearing held
on August 16, 1993, staff presented the following changes to the
Agency's proposed public improvement program:
le
·
Se
Delete Project# 700135, Sixth St. Undergrounding
Add 60.2--Newport Ave/SR 55 Interchange Ramp
Reconfiguration
Add 60.5--Newport Ave Extension North of Edinger
Delete Project# 700Iii--Newport/Main Utility
Undergrounding
Correct Budget for Amaganset Storm Drain
$<12,000>
200,000
450,000
<21,600>
<24,000>
Per Agency direction these changes have been incorporated in RDA
Resolution No. 93-10. -
Treasurer
it~: I #: t s/At t acl~mt s/a: rcla~x~t93, mmo
~ma ~rn~n-dez\ ~-
Administrative Assistant
1
3
4
5
6
7
9
10
11
12
13
14
15
RESOLUTION RDA NO. 93-10
H RESOLUTION OF THE COMMUNITY REDEVELOPMENT HGENCY OF
THE CITY OF TUSTIN CALIFORNIH, ADOPTING THE HGENCY
BUDGET AND HPPROPRIHTING FROM AI~TICIPHTED REVENUE OF
THE HGENCY FORT HE FISCHL YEAR 1993-94.
WHEREHS, in accordance with'good fiscal policies,, the
:xecutive Director of the Tustin Community Redevelopment
Iency has prepared and submitted to the Board of Directors,
proposed Annual Budget for the 1993-94 fiscal year,
inning July 1, 1993; and
WHEREAS, the Board of Directors, as the legislative
of the Agency, has reviewed this proposed budget.
NOW, THEREFORE, the Board of Directors of the Community
Agency for the City of Tustin does hereby
.esolve, determine and order that the following sums of
are hereby appropriated from the anticipated revenue
the Redevelopment Agency for the purposes stated during
1993-94 fiscal year.
16
17
18
Operating Expenses
Debt Service
capital Improvements
$ 1,384,603
3,279,883
4,374,600
TOTAL APPROPRIATIONS 1993-94
$ 9~039,086
PASSED ~%ND ADOPTED at a regular meeting of the
19 :ommunity'Redevelopment Agency of the City of Tustin held on
day of September , 1993.
21
23
24 kTTEST:
25
Jim Potts
Chairperson
26
27 Mary E. Wynn, Recording Secretary
~: rdabgt93, rso
28