R-61
FIN:CMD:br:midyrha Santa Monica, California
Housing Authority Meeting: March 8, 1994
RESOLUTION NO. 61 (HAS)
(Housing Authority series)
A RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF
SANTA MONICA AMENDING THE BUDGET FOR THE FISCAL YEAR 1993-94
WHEREAS, the City Council adopted the annual budget for fiscal
year 1993-94 on June 23, 1993; and
WHEREAS, the Executive Director conducted a mid-year review
during January and February 1994; and
WHEREAS, the Housing Authority may amend its budget by motion;
NOW, THEREFORE, THE HOUSING AUTHORITY OF THE CITY OF SANTA
MONICA DOES RESOLVE AS FOLLOWS:
SECTION 1. The budget for fiscal year 1993-94 is hereby amended
by the revenue adjustments detailed in Exhibit A.
SECTION 2.
The budget for the f1scal year 1993-94 is hereby
amended by the appropriation changes detailed in Exhibit B.
SECTION 3.
The Authority secretary shall certify to the
adoption of this resolution and thenceforth and thereafter the same
shall be in full force and effect.
APPROVED AS TO FORM:
\.-- (l _ ()
~\( 12.( __{~~ ~Y_.JU!-1'L-dL
Jqseph\Lawrence
Acting City Attorney
:=:-9
Fund
General
General
Hous~ng
Authority
Downtown
Redevelopment
ProJect
Misc. Grants
Misc. Grants
EXErI3:!:~ i'-.
PROPOSED CHANGES TO FY 1993/94 REVENUE BUDGET
Account Name
Interest Deposits/
Investments
Housing In-Lieu
Mitigation
Section 8 Hous~ng
Program
SM Place Attendant
Park~ng Program
service to Immigrants
Grant
CA Literacy Campaign
Total Change (Gross)
Adjustment for
Reimbursements and
Transfers
Total Change (Net)
....-
Increasel
(Decrease)
$78,538
57,188
444,025
78,538
5,000
9,265
$672,554
Comments
To reflect interest
payment from Redevel-
op Agency on outstand-
~ng debt.
To reflect predevelop-
ment costs assoc~ated
with var~ous housing
projects and to
develop a housing
monitor~ng system.
To reflect ~ncreased
Section 8 Program
activity.
To reflect increased
revenue resulting from
the implementation of
new attendant parking
program at Santa
Monica Place.
To reflect new grant
for the purpose of en-
hanc~ng service to
1mm1grant populations.
To reflect award by
State of a grant for
the Santa Monica Pub-
lic Library Literacy
service.
(78,538) To reflect interest
payment from the Re-
development Agency to
the General Fund.
$594,016
-----------
--~-----~-
H-l8
Fund
General
General
EXHIBIT B
SUMMARY OF PROPOSED FY 1993-94 APPROPRIATION
INCREASE/(REDUCTIONS)
Department/Dlvision
L1brary/Main library
Services
Library/Materials
Acquisit10n &
Processing
Resource Management/
Housing
Increase
(Reduction)
$
9,265
$
5,000
$ 121,738
H-ll
Item
Increase appropriation to
reflect State Literacy
Program Grant. Appropri-
ation lncrease financed by
increased revenue from the
State 1n the City's
Miscellaneous Grants Fund.
Increase appropriation to
reflect State Service to
Imm1grants Program Grant.
Appropriation 1ncrease
flnanced by increased
revenue from the State in
the City/s M1scellaneous
Grants Fund.
Increase appropriations
to allocate funds to
Community Corporation of
Santa Monica (CCSM) to
administer Federal HOME
funds as a designated
Commun1ty Hous1ng
Development Organlzation
($54,550); for
predevelopment costs
assoc1ated with various
housing projects, and to
develop a houslng
monitoring system
($S7,188); and for TORCA
loan processing ($10,000).
Increased appropr1ation is
flnanced by Federal HOME
Program funds received 1n
the M1scellaneous Grants
Fund ($54,550), by TORCA
funds {$10,OOO} and Housing
Mitlgation funds ($57,188).
Fund
General
General
General
Department(Div1sion
Balance Sheet
Non-Departmentalj
All Others
Increase
(Reduction)
S (94,655)
$ 173,757
Non-Departmentalj S (78,815)
Interfund Transfers
H-12
Item
Increased transfer from
Transportat1on Ra1l Reserve
for Bergamot property
management costs.
Increase appropriations
to transfer funds to
Redevelopment Agency for
increased maintenance
serV1ces to Thlrd Street
Promenade ($35,000),
Bergamot property
management costs ($94,655),
development of retail sales
1n the Bayside District
(535,000), and to transfer
funds to the Pier Fund for
the Farmer's Market Program
($9,102). Appropriation
,ncreases f1nanced from
General Fund balance
($70,000), 1ncreased
balance sheet transfer from
Transportatlon Rail Reserve
($94,655), and Farmer's
Market revenues already
reflected in the adopted
budget ($9,102).
Technical appropriations
to reflect transfer of
funds from M1scellaneous
Grants Fund for: a) Library
L,teracy Program Grant
(-$9,265), b} Library
Service to Immlgrants
Program Grant (-$5,000),
and c} Federal Home Program
funds (-$54,550), and from
the TORCA Fund for TORCA
loan processing (-$lO,OOO).
The following appropr1a-
tion changes confirm budget
changes resultlng from
employee step advances and
varlOUS other personnel
changes. All appropr1a-
t10ns are f1nanced by funds
available in each fund's
balance.
Increase
Fund Department/D1vision (Reduct1on) Item
Beach Community & Cultural
Serv1ces/Beach $ 316
Water General Servlces!
Water $ 30,943
Solid Waste General Services/
Management Street Sweeping $ 10,876
P1er Resource Management/
Economic Development!
Pier $ 9,175
Awport Resource Management/
A 1 rport $ 11,055
Cemetery General Services/
Cemetery $ 2,853
Cable City Manager1s Office/
Cable TV $ 911
Hous lng Non-Departmental/ S 444,025 Increase appropriation to
Interfund Transfers reflect increased Section 8
Program activity.
Appropriatlon increase is
f1nanced by additional
Housing Author1ty Section 8
revenue.
TORcA Non-Departmental/ $ 10,000 Increase appropr1ation to
Interfund Transfers transfer funds to the
General Fund for increased
program actlvlty.
Redevel- Resource Management/ S 164,655 Increase appropriations to
opment Adm i n1 S t rat 10 n provlde addltlonal
malntenance services to
Third Street Promenade
($35,000), for property
management costs associated
with Bergamot property
($94,655), and for the
Bayside District
Corporat1on to generate
additional reta1l activity
($35,OOO). Appropriation
lncrease is flnanced by
transfer from the General
Fund ($70,000) and
lncreased use of
Transportatlon Rail Reserve
funds ($94,655).
H-13
Increase
Fund Department/Division (Reduction) Item
Redevel- Non-Departmental/ $ (164,655) Techn1cal appropriations
opment Interfund Transfers to reflect transfers from
the General Fund for
lncreased maintenance to
Thlrd Street Promenade
(-S35,000), Bergamot
Property management costs
(-{94,655), and Bays1de
D1strict Corporation retail
development program
(-$35,OOO).
M1scell- Non-Departmental- $ 68,815 Technical appropriation
aneous Interfund to reflect transfer to
Grants Transfers the General Fund for the:
a) Library L1teracy Pro-
gram Grant ($9,265),
b) L1brary Service to
Imm1grants Program Grant
($5,OOO), and c) Federal
HOME Program funds
($54,550).
P1er Resource Management/ $ 9,102 Increase appropriat1on for
Pler - Economic 1.0 FTE As Needed Staff
Development Ass1stant II position for
the Farmer's Market Program
due to workload 1ncreases.
Increased appropriat1on is
financed from 1ncreased
Framer's Market revenues
(Wh1Ch are already
reflected in the FY 1993-94
budget) transferred from
the General Fund.
Pier Non-Departmental/ S (9,102) Technlcal appropriation to
Interfund Transfers transfer funds from the
General Fund for the
Farmer's Market Program.
Wastewater General Serv1ces/ $2,789,763 Increase appropriat1on to
Wastewater reflect what the City be-
lieves is owed to the City
of Los Angeles as of
6/30/93 for 1mprovements to
the Hyperion Wastewater
processing facil1ty.
Appropriatlon increase is
f1nanced by bond proceeds
held by the City's trustee.
H-14
Fund Department(D1vlsion
Compre- Non-Departmental!
hensive Interfund Transfers
Se 1 f-
Insurance
( sop9394f)
Increase
(ReductlOn)
$2,000,000
H-15
Item
Increase appropriat1on
due to change in claims
settlement schedules.
Appropr1ation increase 1S
financed from funds held in
reserve in this fund.
Adopted and approved thIS 8th day of March, 1994.
~c~
I hereby certIfy that the foregomg Resolution No 61 (HAS) was duly adopted at a
meeting of the Housing CommissIOn held on the 8th day of March, 1994 by the followmg
vote
Ayes
CommIssioners.
Abdo, Genser, Greenberg, Holbrook, Olsen, Rosenstem,
Vazquez
Noes CommIssioners
Abstam Commissioners:
Absent Comnussioners
ATTEST:
~/il~
Secretary I