HomeMy WebLinkAboutRDA ADOPT AGENCY BUD 09-06-94RDA NO. 5
9-6-94
Inter-Com ,
DATE: AUGUST 24, 1994
TO:
FROM:
SUBJECT:
WILLIAM A. HUSTON, EXECUTIVE DI~.ECTOR OF THE TUSTIN COMMUNITY
REDEVELOPMENT AGENCY
FINANCE DEPARTMENT
RDA RESOLUTION NO. 94-11 ADOPTING THE AGENCY BUDGET AND
APPROPRIATING REVENUE OF THE AGENCY FOR FISCAL YEAR 1994-95
RECOM){ENDATiON:
Adopt RDA Resolution No. 94-11, a Resolution of the Board of
Directors of the Tustin Community Redevel6pment Agency, adopting
the Agency 1994-95 Budget of $11,692,724.
FISCAL IMPACT:
The Redevelopment Agency's action will adopt the expenditure
program for the 1994-95 fiscal year.
DISCUSSION:
The Draft 1994-95 Tustin Community Redevelopment Agency Budget was
included in the City Budget presented to Council in July and
August. During the three Budget Workshops the Agency Operating and
Capital Improvement Budgets were discussed. At a prior meeting the
Agency approved converting a contract employee to a full time staff
employee. This addition increased the RDA full time employee count
to two.
Ronald A. Nault
Treasurer
Irma P. Hernandez ~
Administrative Assistan~t II
RAN: IH: ls
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RESOLUTION RDA NO. 94-11
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF TUSTIN CALIFORNIA, ADOPTING THE AGENCY
BUDGET AND APPROPRIATING FROM ANTICIPATED REVENUE OF
THE A~ENCY FOR THE FISCAL YEAR 1994-95.
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 1994-95 fiscal year,
beginning July 1, 1994; 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 1994-95 fiscal year.
Operating Expenses
Debt Service
Capital Improvements
$ 1,370,790
6,791,851
3.530.083
TOTAL APPROPRIATIONS 1994-95
$ 11,692,724
PASSED AND ADOPTED at a regular meeting of the
Community Redevelopment Agency of the City of Tustin held on
the 6th day of September , 1994.
ATTEST:
Thomas R. Saltarelli
Chairperson
Mary E. Wynn, Recording Secretary