RRA - 1996-13 - Adopting Annual Budget for 1996-97 FY•
C
RESOLUTION NO. 96-13
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF ROSEMEAD ADOPTING THE ANNUAL BUDGET FOR
FISCAL YEAR 1996-97 AND MAKING APPROPRIATIONS FOR
THE AMOUNT BUDGETED
Whereas, an Annual Budget for the Rosemead Redevelopment Agency for the
fiscal year commencing July 1, 1996 and ending June 30, 1997 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, 1996 and ending June
30, 1997.
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 25th day of June, 1996.
Chairman of the Rosemead Redevelopment
Agency
I hereby certify that the foregoing Resolution No. 96-13 was
duly and regularly adopted by the Rosemead Redevelopment Agency
at a regular meeting held on the 25th day of June, 1996
ATTEST: by the following vote:
Yes: Vasquez, Clark;,Bruesch,._Imperial
No: Ta lor; Absent. No Abstain: None
'Agency Secretary
Ag nc Secr ary _
'ROSEMEAD REDEVELOPMENT AGINCY
SUMMARY OF EXPENDITURES BY CATEGORY
REDEVELOPMENT FUNDS
1994-95
1995-96
1996-97
Actual
Projected
Budgeted
ADMINISTRATIVE (Cost Center 4210):
Agency Salaries
$3,180
$3,900
$3,900
Legal Fees
31,756
8,000
10,000
Auditing Fees
13,025
13,000
14,500
Other Financial Services
4,348
76,000
1,500
Fiscal Agent Services
13,297
10,000
12,000
Bondlssuance
36
0
0
Department Supplies
358
500
500
Miscellaneous Expenses
266
0
0
Travel and Meeting Expenses
146
2,000
5,000
Membership/Subscription
2,486
2,500
2,500
ERAF Payment
175,330
0
0
Arbitrage Rebate Expense
(149,976)
2,000
0
City Services
947,300
947,300
947,300
Computer Equipment
0
0
2,500
Special Equipment
16,441
54,000
0
Vehicle
6,630
11,000
0
TOTAL ADMINISTRATIVE
$1,064,623
$1,130,200
$999,700
SPECIAL PROJECTS (Cost Center 4215):
NPDES
$23,128
$12,000
$175,000
Pavement Management System
0
0
20,000
Congestion Management Program
7,987
6,000
10,000
Slurry Seal Projects
20,875
49,240
0
Concrete Repair Projects
70,891
31,500
43,500
Safe Routes to Schools
314
0
0
City Hall Renovation
0
0
71,500
Rosemead Community Recreation
Center Improvements
14,621
130,200
24,300
Rosemead Park Improvements
71,221
0
54,550
Rosemead Pool Improvements
19,085
75,000
19,600
Zapopan Center Improvements
20,549
16,000
0
Zapopan Park Improvements
46,833
115,000
52,200
Klingerman Park Improvements
0
17,000
0
Garvey Park Improvements
20,657
70,000
110,400
Garvey Pool Improvements
0
5,000
104,150
Garvey Park Satellite Sub-station
5,826
7,500
7,500
Sally Tanner Park
0
0
18,000
'POSEMEAD REDEVELOPMENT AGCY
SUMMARY OF EXPENDITURES BY CATEGORY
REDEVELOPMENT FUNDS
1994-95
1995-96
1996-97
Actual
Projected
Budgeted
SPECIAL PROJECTS (cont.):
Handicapped Access Ramp Program
$68,911
$30,040
$0
Street Light Installation
37,687
155,700
6,500
Sewer Master Plan
28,031
23,000
0
Burton Storm Drain
201,396
20,540
0
San Gabriel Storm Drain
0
0
240,000
Bartlett Storm Drain
122,861
12,270
0
Muscatel Storm Drain
148,389
15,040
0
Street Lights Installation (1996-97)
0
0
140,000
Concrete Repair Projects (1996-97)
0
0
50,000
Jess Gonzales Sports Complex
7,182
0
0
Slurry Seal Projects (1996-97)
0
0
25,000
TOTAL SPECIAL PROJECTS
$936,444
$791,030
$1 172,200
STREET PROJECTS (Cost Center 4501):
Supportive Engineering
$89,979
$75,000
$80,000
Brighton (Garvey/North End)
0
0
0
Garvey Improvements - Phase 1
212
0
0
Fern (River/Stingle)
2,400
0
0
Highcliff (Del Mar/West End)
85,217
15,000
475,000
New Avenue Overlay
(40,716)
0
0
San Gabriel Blvd. Beautification
14,668
75,000
50,000
Walnut Grove Offramp (Hellman Avenue)
1,156
1,500
290,000
Walnut Grove Beautification
14,147
65,000
975,000
Del Mar Beautification
12,381
75,000
3,350,000
Virginia Street
0
0
200,000
Street Resurfacing
201,605
2,940
0
Street Resurfacing (1994-95)
36,334
500,000
0
Street Resurfacing (1995-96)
0
359,500
36,000
Street Resurfacing (1996-97)
0
0
320,000
TOTAL STREET PROJECTS
$417,383
$1,168,940
$5,776,000
TRAFFIC SIGNALS (Cost Center 4531):
Traffic Study
$0
$11,000
$10,000
TOTAL TRAFFIC SIGNALS
$0
$11,000
$10,000
REDEVELOPMENT FUNDS TOTAL
$2,418,450
$3,101,170
$7,957,900
gOSEMEAD REDEVELOPMENT AGCY
SUMMARY OF EXPENDITURES BY CATEGORY
Debt Service Funds
1994-95 1995-96
1995-96
Actual Projected
Budget
1993 BONDS (Series A)
Principal
$0 $0
$0
Interest
1,892,193 1,892,193
1,892,193
TOTAL
$1,892,193 $1,892,193
$1,892,193
1993 BONDS (Series B)
Principal
$260,000 $265,000
$280,000
Interest
126,960 120,200
106,420
TOTAL
$386,960 $385,200
$386,420
DEBT SERVICE FUND TOTALS
Principal
$260,000 $265,000
$280,000
Interest
2,019,153 2,012,393
1,998,613
TOTAL
$2,279,153 $2,277,393
$2,278,613