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RRA - 1998-12 - Adopting Annual Budget for 1998-99 FY0 RESOLUTION NO. 98-12 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF ROSEMEAD ADOPTING THE ANNUAL BUDGET FOR FISCAL YEAR 1998-99 AND MAKING APPROPRIATIONS FOR THE AMOUNT BUDGETED Whereas, an Annual Budget for the Rosemead Redevelopment Agency for the fiscal year commencing July 1, 1998 and ending June 30, 1999 was submitted to the Agency members and is on file in the City Clerk's office. Now, THEREFORE, THE AGENCY MEMBERS OF THE ROSEMEAD REDEVELOPMENT AGENCY DO RESOLVE AS FOLLOWS: Section 1. The Budget is adopted as the Annual Budget of the Rosemead Redevelopment Agency for the fiscal year commencing July 1, 1998 and ending June 30, 1999. 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 23rd day of June, 1998. Chairman of the Rosemead Redevelopment Agency I hereby certify that the foregoing Resolution No. 98-12 was duly and regularly adopted by the Rosemead Redevelopment ATTEST: Agency at a regular meeting held on the 23rd day of June, 1998,by the following vote: :Yes: Clark, Vasquez, Bruesch, Imperial No: Taylor; Absent: None; Abstain: None Agency ecretary Agency Sec tart' 90SEMEAD REDEVELOPMENT AGAY SUMMARY OF EXPENDITURES BY CATEGORY REDEVELOPMENT FUNDS ADMINISTRATIVE (Cost Center 4210): 1996-97 1997-98 1998-99 Actual Projected Budgeted Agency Salaries $3,250 $3,900 $3,900 Legal Fees 8,181 12,000 10,000 Auditing Fees 13,550 14,500 14,500 Other Financial Services 2,500 5,500 2,500 Fiscal Agent Services 7,613 9,000 9,000 Department Supplies 538 750 500 Miscellaneous Expenses 25,919 0 0 Travel and Meeting Expenses 0 1,000 3,000 Membership/Subscription 0 2,500 2,500 Arbitrage Rebate Expense (11,300) 0 0 City Services 947,300 947,300 947,300 TOTAL ADMINISTRATIVE $997,551 $996,450 $993,200 SPECIAL PROJECTS (Cost Center 4215): NPDES $7,276 $6,300 $75,000 Pavement Management System 14,814 550 0 Congestion Management Program 605 2,000 5,000 Concrete Repair Projects 42,450 3,720 0 City Hall Renovation 83,038 8,000 600,000 Rosemead Community Recreation Center Improvements 63,535 30,000 81,000 Rosemead Park Improvements 4,015 110,000 61,000 Rosemead Pool Improvements 14,541 21,000 50,000 Zapopan Center Improvements 0 13,500 6,000 Zapopan Park Improvements 13,874 73,000 17,500 Klingerman Park Improvements 11,830 0 0 Garvey Park Improvements 31,694 51,000 43,000 Garvey Pool Improvements 2,976 90,000 21,000 City Hall Fountain Rehabilitation 0 0 75,000 Garvey Park Satellite Sub-station 6,302 17,500 107,500 Sally Tanner Park 15,537 0 0 Redevelopment Project Area No. 2 0 0 118,300 Pavement Management Study (1998-99) 0 0 15,000 Street Light Installations (1998-99) 0 0 500,000 Street Light Installations 6,634 0 0 Sewer Master Plan 6,430 0 0 Alhambra Wash Sewer Interceptor 0 0 500,000 Columbia Street Storm Drain 0 0 450,000 WSEMEAD REDEVELOPMENT AGAY SUMMARY OF EXPENDITURES BY CATEGORY REDEVELOPMENT FUNDS SPECIAL PROJECTS (cont.): San Gabriel Storm Drain Street Lights Installation (1996-97) Garvey Community Center Street Lights Installation (1997-98) Kelbum Storm Drain Delta Storm Drain Del Mar Sewer Collector Willard Recreation Site Valley Boulevard Marketing Program Concrete Repair Projects (1996-97) Concrete Repair Projects (1997-98) Concrete Repair Projects (1998-99) Jess Gonzales Sports Complex Slurry Seal Projects (1996-97) Slurry Seal Projects (1997-98) TOTAL SPECIAL PROJECTS STREET PROJECTS (Cost Center 4501): Supportive Engineering Sewer Master Plan Highcliff (Del Mar/West End) _ San Gabriel Blvd. Beautification Walnut Grove Offramp (Hellman Avenue) Walnut Grove Beautification Del Mar Beautification Virginia Street Street Widening (1997-98) Street Resurfacing (1997-98) Street Resurfacing Street Resurfacing (1994-95) Street Resurfacing (1995-96) Street Resurfacing (1996-97) Street Resurfacing (1997-98) Slurry Seal (1998-99) TOTAL STREET PROJECTS 1996-97 1997-98 1998-99 Actual Projected Budgeted $21,037 $174,200 $18,000 137,952 91,000 0 11,870 0 750,000 0 10,000 200,000 0 16,500 250,000 0 12,100 169,400 0 263,700 75,000 0 1,500 0 0 10,000 18,000 29,634 1,850 0 0 0 0 0 0 75,000 0 7,500 0 24,266 1,950 0 0 0 0 $550,311 $1,016 870 $4,280,700 $74,019 $75,000 $80,000 (6,430) 0 0 14,697 135,700 490,000 2,235 1,000 500,000 55 2,400 500,000 5,480 26,800 2,000,000 2,660 1,100 50,000 0 0 0 0 0 0 0 0 500,000 0 0 65,000 3,024 0 0 39,864 0 0 64,500 210,000 0 0 40,300 525,000 0 0 75,000 $200,103 $492,300 $4,785,000 46SEMEAD REDEVELOPMENT AGAY SUMMARY OF EXPENDITURES BY CATEGORY REDEVELOPMENT FUNDS 1996-97 1997-98 Actual Projected TRAFFIC SIGNALS (Cost Center 4531): Traffic Study $8,398 TOTAL TRAFFIC SIGNALS $8,398 TRANSFER TO LOW AND MODERATE FUND (FUND 35) $0 $9,200 $9,200 $0 1998-99 Budgeted $10,000 $10,000 $652,440 REDEVELOPMENT FUNDS TOTAL $1,756,362 $2,514,820 $10,721,340