CDC - Item 2 - Resolution No. 2004-10 Adopting 2004-05 Resemead Community Development Commission BudgetWwW.
RfD(
Rosemead Community
Commission
8838 East Valley Boulevard, CA 91770 Tel 626.569.2100 Fax 626.307.9218
TO: HONORABLE CHAIRMAN
AND MEMBERS
ROSEM COMMUNITY DEVELOPMENT COMMISSION
FROM: BILL CR WE, EXECUTIVE DIRECTOR
DATE: JUNE 2, 2004
RE: RESOLUTION NO. 2004-10 ADOPTING 2004-05 ROSEMEAD
COMMUNITY DEVELOPMENT COMMISSION BUDGET
Attached for your consideration is a copy of Resolution No. 2004-10 adopting the 2004-
05 Annual Budget.
RECOMMENDATION:
After any amendments, it would be appropriate for the Rosemead Community
Development Commission to adopt Resolution No. 2004-10 Annual Budget.
COMMISSION AGENDA
JUN 0 3 2004
IT''1'r`3 No. oZ.
RESOLUTION NO. 2004-10
A RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF ROSEMEAD ADOPTING THE ANNUAL BUDGET FOR FISCAL
YEAR 2004-05 AND MAKING APPROPRIATIONS FOR THE AMOUNT BUDGETED
WHEREAS, an Annual Budgetforthe Community Development Commission for the
fiscal year commencing July 1, 2004 and ending June 30, 2005 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, 2004 and
ending June 30, 2005.
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 8th day of June, 2004.
Executive Director of the Community
Development Commission
ATTEST:
Agency Secretary
ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION
SUMMARY OF EXPENDITURES BY CATEGORY
REDEVELOPMENT FUNDS
2002-03
2003-04
2004-05
Actual
Projected
Budgeted
ADMINISTRATIVE (Cost Center 4210):
Legal Fees (Project Area No. 1)
$ 50,745
$ 65,000
$ 70,000
Legal Fees (Project Area No. 2)
10,767
5,000
10,000
Auditing Fees
13,831
17,000
18,000
Other Financial Services
0
2,500
2,500
Professional Services (Proj Area 1)
17,715
10,000
40,000
Professional Services (Prof Area 2)
0
10,000
20,000
Fiscal Agent Services
5,022
8,000
8,000
Department Supplies
0
0
500
Miscellaneous Expense
156,754
76,500
77,000
Travel and Meeting Expenses
288
500
500
Membership/Subscription
'2,520
2,600
2,600
City Services (Project Area 1)
967,995
947,300
947,300
City Services (Project Area 2)
378,920
378,920
378,920
C/O: Vehicle
0
0
11,500
TOTAL ADMINISTRATIVE
$ 1,604,557
$ 1,523,320
$ 1,586,820
SPECIAL PROJECTS (Cost Center 4215):
NPDES
$ 16,690
$ 15,000
$ 50,000
General Plan Update
0
0
150,000
City Hall Renovation - Phase III
12,826
60,000
600,000
Rosemead Community Recreation
Center Improvements
25,968
50,000
44,300
Rosemead Park Improvements
4,560
16,300
28,400
Rosemead Pool Improvements
24,175
0
0
Garvey Park Improvements
19,276
35,000
109,800
Garvey Pool Improvements
12,103
150,000
0
Sally Tanner Improvements
0
0
26,000
Redevelopment Project Area No. 2
0
0
5,000
Pavement Management Study
0
0
12,500
Garvey Community Center
475,752
20,000
20,000
Garvey Community Center (Special Equip)
30,419
0
0
Walnut Grove Bridge/Alhambra Wash
8,412
0
0
Hellman Avenue Bridge/Alhambra Wash
81,670
30,000
390,000
Economic Development Program
29,403
200,000
500,000
ADA Park Improvements
0
98,000
0
ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION
SUMMARY OF EXPENDITURES BY CATEGORY
REDEVELOPMENT FUNDS
SPECIAL PROJECTS (cont.):
Jess Gonzalez Sports Complex
Commercial Rehabilitation
Miscellaneous Expenses
TOTAL SPECIAL PROJECTS
STREET PROJECTS (Cost Center 4501):
Supportive Engineering
San Gabriel Beautification
Walnut Grove Beautification
Del Mar Beautification
Street Widening
San Gabriel Boulevard Improvements
Virginia Street Improvements
TOTAL STREET PROJECTS
TRAFFIC SIGNALS (Cost Center 4531):
Traffic Study
Hellman @ Jackson Traffic Signal
Safe Routes to Schools
Traffic Signal Controller Upgrades
TOTAL TRAFFIC SIGNALS
2002-03 2003-04 2004-05
Actual _ Projected Budgeted
$ $ 6,000 $ 7,500
45,906 30,000 150,000
64,295 0 0
$ 851,455 $ 710,300 . $ 2,093,500
$ 58,057 $
80,000
$ 82,500
(6,901)
0
0
(7,809)
0
0
(6,901)
0
0
(6,901)
0
0
40,675
152,000
1,128, 000
380
200
45,000
$ 70,600 $
232,200
$ 1,255,500
$ 6,395 $ 17,500 $ 18,000
1,023 500 0
6,036 0 0
0 0 95,000
$ 13,454 $ 18,000 $ 113,000
ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION
SUMMARY OF EXPENDITURES BY CATEGORY
REDEVELOPMENT FUNDS
2002-03
Actual
TRANSFER TO:
RHDC
Debt Service Fund
TOTAL TRANSERS
$
3,563,586
$
2,169,930
$
2,301,760
REDEVELOPMENT FUNDS TOTAL
6,103,652
$
4,653,750
$
7,350,580
2003-04
Projected
2004-05
Budgeted
$ 1,392,666 $ - $ -
2,170,920 2,169,930 2,301,760