CDC - Item 2 - Rosmead Community Develoment Commission BudgetDATE, & /a V/0 ~
NAME
YES
NO
ABSTAM
ABSENT
MOTION
SECOND
ALARCON
CLARK
IMPERIAL
TAYLOR
VASQUEZ
Agenda Item No. K a C Kes/ rd. Nom d~a 3 i
TO: HONORABLE CHAIRMAN
AND MEMBERS
ROSEMEAOMMUNITY DEVELOPMENT COMMISSION
FROM: BILL CRO E, EXECUTIVE DIRECTOR
DATE: JUNE 16, 2003
RE: RESOLUTION NO. 2003-12 ADOPTING 2003-04 ROSEMEAD
COMMUNITY DEVELOPMENT COMMISSION BUDGET
Attached for your consideration is a copy of Resolution No. 2003-12 adopting the
2003-04 Annual Budget.
RECOMMENDATION:
After any amendments, it would be appropriate for the Rosemead Community
Development Commission to adopt Resolution No. 2003-12 Annual Budget.
COMMISSION AGENDA
JUN 2 4 2003
ITEM No. a
RESOLUTION NO. 2003-12
A RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF ROSEMEAD ADOPTING THE. ANNUAL BUDGET FOR FISCAL
YEAR 2003-Q4 AND MAKING APPROPRIATIONS FOR THE AMOUNT BUDGETED
WHEREAS, an Annual Budget for the Community Development Commission for
the fiscal year commencing July 1, 2003 and ending June 30, 2004 was submitted to
the Agency members and is on file in the City Clerk's office.
NOW, THEREFORE, THE COMMUNITY DEVELOPMENT COMMISSION
MEMBERS OF THE ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION DO
RESOLVE AS FOLLOWS:
Section 1. The Budget is adopted as the Annual Budget of the Rosemead
Community Development Commission for the fiscal year commencing July 1, 2003
and ending June 30, 2004.
Section 2. There is hereby appropriated to each account set forth in the
"Summary of Expenditures by Category" of said budget attached hereto, and made a
part hereof as though fully set forth and the Executive Director is authorized and
empowered to expend such sum for the purpose of such account, but with no
expenditure by any office or department for any item within an account shall exceed
the amount budgeted therefore without prior written approval of the Executive
Director.
PASSED, APPROVED and ADOPTED this 24th day of June, 2003.
Executive Director of the Community
Development Commission
ATTEST:
Agency Secretary
ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION
SUMMARY OF EXPENDITURES BY CATEGORY
REDEVELOPMENT FUNDS
2001-02
2002-03
2003-04
Actual
Projected
Budgeted
ADMINISTRATIVE (Cost Center 4210):
Agency Salaries
S 1,800
$ -
Legal Fees (Project Area No. 1)
37,920
52,000
40,000
Legal Fees (Project Area No. 2)
5,166
10,000
10,000
Auditing Fees
13,800
13,900
15,000
Other Financial Services
9,698
2,500
2,500
Professional Services (Proj Area 1)
0
40,000
40,000
Professional Services (Proj Area 2)
0
10,000
20,000
Fiscal Agent Services
6,723
5,000
8,000
Department Supplies
(31)
0
500
Miscellaneous Expense
72,107
73,000
73,000
Travel and Meeting Expenses
0
3,000
3,000
Membership/Subscription
2,520
2,600
2,600
City Services (Project Area 1)
947,300
947,300
947,300 .
City Services (Project Area 2)
0
378,920
378,920
Special Equipment
2,824
0
TOTAL ADMINISTRATIVE
S 1,099,827
S 1,538,220
$ 11540,820
SPECIAL PROJECTS (Cost Center 4215):
NPDES
$ 3,092
$ 22,000
$ 50,000
Congestion Management, Program
275
0
0
General Plan Update
0 ,
0
152,000
Miscellaneous Expense
179, 177
City Hall Renovation - Phase III
138,513
16,000
1,200,000
Rosemead Community Recreation
Center Improvements
3,832
90,000
60,610
Rosemead Park Improvements
35,824
5,000
20,110
Rosemead Pool Improvements
6,908
25,000
27,000
Zapopan Park Improvements
0
0
0
Garvey Park Improvements
2,910
66,000
35,300
Garvey Pool Improvements
1,772
40,000
151,800
ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION
SUMMARY OF EXPENDITURES BY CATEGORY
REDEVELOPMENT FUNDS
2001-02
2002-03
2003-04
Actual
Projected
Budgeted
SPECIAL PROJECTS (cont.):
Redevelopment Project Area No. 2
S
$ -
$ 10,000
Pavement Management Study
1,690
0
0
Garvey Community Center
2,337,032
500,000
0
Garvey Community Center (Special Equip)
.0
49,000
0
Walnut Grove Bridge/Alhambra Wash
66,699
8,300
0
Garvey Avenue Bridge/Rio Hondo Wash
2,117
0
0
Hellman Avenue Bridge/Alhambra Wash
21,365
110,000
250,000
Abilene Street
710
0
0
Valley Boulevard Marketing Program
1,913
0
0
Economic Development Program
6,651
20,000
400,000
Jess Gonzalez Sports Complex
0
0
6,000
Commercial Rehabilitation
64,621
35,000
150,000
Property Acquisition
139,000
150,000
0
TOTAL SPECIAL PROJECTS
S
3,014,101
S 1,136,300
2,512,820
STREET PROJECTS (Cost Center 4501):
Supportive Engineering
$
40,798
$ 72,000
$ 80,000
San Gabriel Boulevard Improvements
0
25,000
1,280,000
Virginia Street Improvements
0
0
45,000
TOTAL STREET PROJECTS
$
40,798
S 97,000
S 1,405,000
ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION
SUMMARY OF EXPENDITURES BY CATEGORY
REDEVELOPMENT FUNDS
2001-02
2002-03
2003-04
Actual
Projected
Budgeted
TRAFFIC SIGNALS (Cost Center 4531):
Traffic Study
9,000
$
13,500
15,000
Garvey Senior Housing - Traffic Signal
1,281
0
0
Hellman @ Jackson Traffic Signal
9,046
5,500
0
Safe Routes to Schools
25,149
4,650
0
TOTAL TRAFFIC SIGNALS
S
44,476
$
23,850
S
15,000
TRANSFER TO:
RHDC
$
6,657,334
S
1,700,000
S
400,000
Debt Service Fund
2,272,057
2,306,073
2,304,748
TOTAL TRANSERS
S
8,929,391
S
4,006,073
S
2,704,748
REDEVELOPMENT FUNDS TOTAL
S
13,128,593
S
6,801,243
$
8,178,388