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RRA - 1997-14 - Adopting Annual Budget for 1997-98 FY• RESOLUTION NO. 97-14 • A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF ROSEMEAD ADOPTING THE ANNUAL BUDGET FOR FISCAL YEAR 1997-98 AND MAKING APPROPRIATIONS FOR THE AMOUNT BUDGETED Whereas, an Annual Budget for the Rosemead Redevelopment Agency for the fiscal year commencing July 1, 1997 and ending June 30, 1998 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, 1997 and ending June 30, 1998. 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, 1997. Chairman of the Rosemead Redevelopment Agency I hereby certify that the foreging Resolution No. 97-14 was duly and regularly adopted by the Rosemead.Redevelopment Agency at a regular meeting held on the 24th day of June, ATTEST: 1997, by the following vote: Yes: Vasquez, Bruesch, Imperial, Clark No: Taylor; Absent: None; Abstain: None Agency Secretary Agency Secr tary *ROSEMEAD REDEVELOPMENT AACY SUMMARY OF EXPENDITURES BY CATEGORY REDEVELOPMENT FUNDS 1995-96 1996-97 1997-98 Actual Projected Budgeted ADMINISTRATIVE (Cost Center 4210): Agency Salaries $2,880 $3,900 $3,900 Legal Fees 6,912 9,000 10,000 Auditing Fees 13,000 14,500 14,500 Other Financial Services 7,591 1,500 1,500 Fiscal Agent Services 8,389 9,000 9,000 Department Supplies 302 500 500 Miscellaneous Expenses 300 0 0 Travel and Meeting Expenses 145 1,000 3,000 Membership/Subscription 2,370 2,500 2,500 Arbitrage Rebate Expense 182,000 0 0 City Services 947,300 947,300 947,300 Computer Equipment 0 2,500 0 Special Equipment 53,316 0 0 Vehicle 10,667 0 0 TOTAL ADMINISTRATIVE $1,235,172 $991,700 $992,200 SPECIAL PROJECTS (Cost Center 4215): NPDES $10,558 $7,500 $75,000 Pavement Management System 0 15,000 2,000 Congestion Management Program 3,910 2,000 7,000 Slurry Seal Projects 51,679 0 0 Concrete Repair Projects 18,157 43,170 0 City Hall Renovation 0 71,500 250,000 Rosemead Community Recreation Center Improvements 101,904 24,300 30,200 Rosemead Park Improvements 0 2,400 110,000 Rosemead Pool Improvements 82,191 15,000 20,600 Zapopan Center Improvements 11,467 0 12,600 Zapopan Park Improvements 69,338 75,000 0 Klingerman Park Improvements 557 0 0 Garvey Park Improvements 26,096 103,000 4,600 Garvey Pool Improvements 3,824 0 90,000 Garvey Park Satellite Sub-station 5,826 7,500 7,500 Sally Tanner Park 0 18,000 Handicapped Access Ramp Program 15,056 0 0 Street Light Installation 97,181 6,630 0 Sewer Master Plan 63,885 0 0 Burton Storm Drain 20,534 0 0 San Gabriel Storm Drain 0 21,500 240,000 • • ROSEMEAD REDEVELOPMENT AGENCY SUMMARY OF EXPENDITURES BY CATEGORY REDEVELOPMENT FUNDS 1995-96 1996-97 Actual Projected SPECIAL PROJECTS (cont.): Bartlett Storm Drain Muscatel Storm Drain Street Lights Installation (1996-97) Garvey Community Center Street Lights Installation (1997-98) Kelburn 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) 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) $609,472 $71,491 6,430 8,927 73,813 1,315 64,118 72,163 0 0 0 2,938 501,224 439,157 0 $0 0 135,570 10,870 0 0 0 ' 0 0 0 29,650 0 0 23,680 0 $612,270 $75,000 0 15,260 2,000 100 6,100 3,100 0 0 0 0 0 43,460 56,000 TOTAL STREET PROJECTS $1,241 576 $201,020 $12,271 15,038 0 0 0 0 0 0 0 0 0 0 0 0 0 1997-98 Budgeted $0 0 111,000 0 210,000 265,000 185,000 750,000 2,100 28,000 5,700 50,000 8,750 2,200 25,000 $2,492,250 $80,000 0 535,000 250,000 290,000 2,075,000 250,000 200,000 500,000 310,000 0 0 0 260,000 $4,750,000 OOSEMEAD REDEVELOPMENT AOfkCY SUMMARY OF EXPENDITURES BY CATEGORY REDEVELOPMENT FUNDS 1995-96 1996-97 1997-98 Actual Projected Budgeted TRAFFIC SIGNALS (Cost Center 4531): Traffic Study TOTAL TRAFFIC SIGNALS REDEVELOPMENT FUNDS TOTAL $10,017 $8,800 $10,000 $10,017 $3,096,237 $8,800 $1,813,790 $10,000 $8,244,450