CDC - Item 2A - 2006-07 Community Development Commission Budget• •
ROSEMEAD CITY COUNCIL
STAFF REPORT
TO: THE HONORABLE MAYOR AND CITY COUNCIL
FROM: ANDREW C. LAZZARETTO, CITY MANAGE
DATE: JUNE 27, 2006
SUBJECT: 2006-07 COMMUNITY DEVELOPMENT COMMISSION BUDGET
SUMMARY
Attached for consideration is a copy of Resolution No. 2006-13 adopting the 2006-07
Community Development Commission Budget.
Staff Recommendation
Staff recommends that the Commissioners of the Rosemead Community Development
Commission approve the 2006-07 Community Development Commission Budget by
adopting Resolution No. 2006-13.
ANALYSIS
The 2006-07 Annual Budget includes expenditures of $15,984,190 with total funds
available of $24,281,782, resulting with an ending fund balance of $8,297,592. The
budget document presented for adoption was presented at the Budget Study Session
held on June 6. 2006.
PUBLIC NOTICE PROCESS
This item has been noticed through the regular agenda notification process.
Submitted by:
n Ogaw
Director of inance & MIS
Attachment A: Resolution No. 2006-13
APPROVED FOR CITY COUNCIL AGENDA:
ITEM NUMBER:
• • ATTACHMENT A
RESOLUTION NO. 2006-13
A RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF ROSEMEAD ADOPTING THE ANNUAL BUDGET FOR FISCAL
YEAR 2005-06 AND MAKING APPROPRIATIONS FOR THE AMOUNT BUDGETED
WHEREAS, an Annual Budgetforthe Community Development Commission for the
fiscal year commencing July 1, 2006 and ending June 30, 2007 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, 2006 and
ending June 30, 2007.
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 27th day of June, 2006
Executive Director of the Community
Development Commission
ATTEST:
Agency Secretary
0 •
ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION
SUMMARY OF EXPENDITURES BY CATEGORY
REDEVELOPMENT FUNDS
2004-05
2005-06
2006-07
Actual
Projected
Budgeted
ADMINISTRATIVE (Cost Center 4210):
Legal Fees (Project Area No. 1)
$ 43,496
$ 120,000
$ 45,000
Legal Fees (Project Area No. 2)
3,257
10,000
10,000
Auditing Fees
13,600
18,000
18,000
Other Financial Services
1,000
2,800
28,000
Professional Services (Proj Area 1)
2,720
0
0
Professional Services (Proj Area 2)
0
0
0
Fiscal Agent Services
4,635
5,000
5,000
Department Supplies
(140)
100
500
Miscellaneous Expense
71,050
77,000
77,000
Travel and Meeting Expenses
300
0
500
Membership/Subscription
2,520
2,800
3,000
City Services (Project Area 1)
947,300
947,300
947,300
City Services (Project Area 2)
378,920
378,920
378,920
C/O: Vehicle
11,090
0
TOTAL ADMINISTRATIVE
$ 1,479,748
$ 1,561,920
$ 1,513,220
SPECIAL PROJECTS (Cost Center 4215):
NPDES
$ 6,720
$ 40,000
$ 75,000
General Plan.Update
0
0 .
100,000
City Hall Renovation - Phase III
27,815
80,000
2,000,000
Rosemead Community Recreation
Center Improvements
132,192
47,400
0
Rosemead Park Improvements
22,793
60,000
0
Rosemead Pool Improvements
0
204,000
0
Garvey Park Improvements
49,388
97,000
0
Garvey Pool Improvements
3,699
180,000
0
Sally Tanner Improvements
640
31,100
0
Pavement Management Study
13,095
0
15,000
New Avenue/Egley Avenue Vest Pocket Park
0
0
5,000
Sanitary Sewer Management Plan
0
0
175,000
Valley Boulevard Medians
0
0
300,000
Wayfinding Signage
0
0
50,000
Garvey Community Center
3,151
22,600
0
Street Trees
0
0
100,000
Hellman Avenue Bridge/Alhambra Wash
182,839
240,000
0
•
•
ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION
SUMMARY OF EXPENDITURES BY CATEGORY
REDEVELOPMENT FUNDS
SPECIAL PROJECTS (cont.):
2004-05 2005-06 2006-07
Actual Projected Budgeted
ADA Park Improvements
$
8,730
0
0
Jess Gonzalez Sports Complex ` .
8,265
12,000
0
Zapopan Public Safety Center
49,149
380,000
0
Economic Development Program
1,044
2,500
800,000
Commercial Rehabilitation
25,962
50,000
300,000
Property Acquisitions
0
0
1,907,570
TOTAL SPECIAL PROJECTS
$
535,482
$ 1,446,600
$ 5,827,570
STREET PROJECTS (Cost Center 4501):
Supportive Engineering
$
103,113
$ 85,000
$ 95,000
San Gabriel Boulevard Improvements
303,197
130,000
0
Virginia Street Improvements
9;360
3,000
45,000
TOTAL STREET PROJECTS
$
415,670
$ 218,000
$ 140,000
TRAFFIC SIGNALS (Cost Center 4531):
Traffic Study
$ 12,280 $
18,500
$ 20,000
Hellman @ 1-10 Traffic Signal
0
255,000
30,000
Traffic Signal Controller Upgrades
5,370
170,000
20,000
Del Mar @ Highcliff Traffic Signal
0
18,000
185,000
Del Mar @ Graves Traffic Signal
0
8,500
120,000
Graves @ Jackson Traffic Signal
0
18,000
185,000
TOTAL TRAFFIC SIGNALS
$ 17,650 $
488,000
$ 560,000
• i
ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION
SUMMARY OF EXPENDITURES BY CATEGORY
REDEVELOPMENT FUNDS
2004-05
2005-06
2006-07
Actual
Projected
Budgeted
TRANSFER TO:
RHDC
$ -
$ -
$ 250,000
1993 Bonds (Fund 45)
0
3,380,850
0
2006 Bonds (Fund 41)
0
0
2,370,000
Debt Service Fund.
2,166,798
2,302,168
2,661,700
TOTAL TRANSERS
$ 2,166,798
$ 5,683,018
$ 5,281,700
REDEVELOPMENT FUNDS TOTAL
$ 4,615,348
$ 9,397,538
$ 13,322,490
ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION
SUMMARY OF EXPENDITURES BY CATEGORY
Debt Service Funds
2004-05 2005-06 2006-07
Actual Projected Budget
1993 BONDS (Series A)
Principal
Interest
TOTAL
2006 BONDS (Series A)
Principal
Interest
TOTAL
DEBT SERVICE FUND TOTALS
Principal
Interest
TOTAL
$465,000
$490,000
$0
1,836,760
1,812,168
1,293, 320
$2,301,760
$2,302,168
$1,293,320
$0 $0 $780,000
0 0 588,380
$0 $0 $1,368,380
$465,000 $490,000 $780,000
11836,760 1,812,168 1,881,700
$2,301,760 $2,302,168 $2,661,700