RRA – Item 2 – Res. 98-12 Adopting 1998-99 Rosemead Redevelopment Agency Budget I
R A ROSEMEAD REDEVELOPMENT AGENCY
8838 VALLEY BLVD.,ROSEMEAD,CA 91770.(818)288-6671 •Teiempler 8183079218
J
TO: HONORABLE CHAIRMAN
AND MEMBERS
ROSEMEAD REDEVELOPMENT AGENCY
FROM: FRANK G. TRIPEPI, EXECUTIVE DIRECTOR
DATE: JUNE 18, 1997
RE: RESOLUTION NO. 98-12 ADOPTING 1998-99 ROSEMEAD
REDEVELOPMENT AGENCY BUDGET
Attached for your consideration is a copy of Resolution No. 98-12 adopting the
1998-99 Annual Budget.
RECOMMFNDATION:
After any amendments, it would be appropriate for the Rosemead Redevelopment
Agency to adopt Resolution No. 98-12 Annual Budget.
AGENCY AGENDA
JUN 231998
ITEM No. �.
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
ATTEST:
Agency Secretary
ROSEMEAD REDEVELOPMENT AGENCY
SUMMARY OF EXPENDITURES BY CATEGORY
REDEVELOPMENT FUNDS
1996-97 1997-98 1998-99
Actual Projected Budgeted
ADMINISTRATIVE (Cost Center 4210):
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
ROSEMEAD REDEVELOPMENT AGENCY
SUMMARY OF EXPENDITURES BY CATEGORY
REDEVELOPMENT FUNDS
1996-97 1997-98 1998-99
Actual Projected Budgeted
SPECIAL PROJECTS (cont.):
San Gabriel Storm Drain $21,037 $174,200 $18,000
Street Lights Installation (1996-97) 137,952 91,000 0
Garvey Community Center 11,870 0 750,000
Street Lights Installation (1997-98) 0 10,000 200,000
Kelbum Storm Drain 0 16,500 250,000
Delta Storm Drain 0 12,100 169,400
Del Mar Sewer Collector 0 263,700 75,000
Willard Recreation Site 0 1,500 0
Valley Boulevard Marketing Program 0 10,000 18,000
Concrete Repair Projects (1996-97) 29,634 1,850 0
Concrete Repair Projects (1997-98) 0 0 0
Concrete Repair Projects (1998-99) 0 0 75,000
Jess Gonzales Sports Complex 0 7,500 0
Slurry Seal Projects (1996-97) 24,266 1,950 0
Slurry Seal Projects (1997-98) 0 0 0
TOTAL SPECIAL PROJECTS $550,311 $1,016,870 $4,280,700
STREET PROJECTS (Cost Center 4501):
Supportive Engineering $74,019 $75,000 $80,000
Sewer Master Plan (6,430) 0 0
Highcliff(Del Mar/West End) 14,697 135,700 490,000
San Gabriel Blvd. Beautification 2,235 1,000 500,000
Walnut Grove Offramp (Hellman Avenue) 55 2,400 500,000
Walnut Grove Beautification 5,480 26,800 2,000,000
Del Mar Beautification 2,660 1,100 50,000
Virginia Street 0 0 0
Street Widening (1997-98) 0 0 0
Street Resurfacing (1997-98) 0 0 500,000
Street Resurfacing 0 0 65,000
Street Resurfacing (1994-95) 3,024 0 0
Street Resurfacing (1995-96) 39,864 0 0
Street Resurfacing (1996-97) 64,500 210,000 0
Street Resurfacing (1997-98) 0 40,300 525,000
Slurry Seal (1998-99) 0 0 75,000
TOTAL STREET PROJECTS $200,103 $492,300 $4,785,000
ROSEMEAD REDEVELOPMENT AGENCY
SUMMARY OF EXPENDITURES BY CATEGORY
REDEVELOPMENT FUNDS
1996-97 1997-98 1998-99
Actual Projected Budgeted
TRAFFIC SIGNALS (Cost Center 4531):
Traffic Study $8,398 $9,200 $10,000
TOTAL TRAFFIC SIGNALS $8,398 $9,200 $10,000
TRANSFER TO LOW AND MODERATE
FUND (FUND 35) $0 $0 $652,440
REDEVELOPMENT FUNDS TOTAL _$1,756,362 $2,514_,820 $10,721,340