R-56
FIN:CMD:kf:midyrha Santa Monica, California
Housing Authorlty Meeting: February 23, 1993
RESOLUTION NO. 56 (HAS)
(Housinq Authority series)
A RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF
SANTA MONICA AMENDING THE BUDGET FOR THE FISCAL YEAR 1992-93
WHEREAS, the City Council adopted the annual budget for fiscal
year 1992-93 on June 23, 1992; and
WHEREAS, the Executive Dlrector conducted a mid-year review
durlng January, 1993; and
WHEREAS, the Housing Author1ty may amend its budget by motion;
NOW I THEREFORE, THE HOUSING AUTHORITY OF THE' CITY OF SANTA
MONICA DOES RESOLVE AS FOLLOWS:
SECTION 1. The budget for f1scal year 1992-93 is hereby amended
by the revenue adJustments detalled 1n Exhib1t A.
SECTION 2.
The budget for the fiscal year 1992-93 is hereby
amended by the appropriatlon changes deta1led In Exhiblt B.
SECTION 3.
The Authorlty Secretary shall certify to the
adoption of this resolut1on and thenceforth and thereafter the same
shall be In full force and effect.
APPROVED AS TO FORM:
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H-9
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EXHIBIT A
PROPOSED CHANGES TO FY 1992/93 REVENUE BUDGET
Account Name/Account Number
Housinq Mitiqation/
Inclusionary Housinq Fees
other Revenue-Miscellaneous
SM Arts Foundation Grants
Sec~ion 8 Hous~r.g program
Total Change (Gross)
Adjustment for
Reimbursements and
Transfers
Total Change (Net)
H-10
Increase/
(Decrease)
$16,757
3,362
12,735
104,502
$137,356
$137,356
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CO"ftI1I'I'!nts
To reflect use of
Housing Mitigation
fees ($8,378) and
Inclusionary Housing
fees ($8,379) for
final payment on the
Third street Senior
Housing project.
To reflect use of
Paseo Del Mar defer-
red revenue for the
Cine Latino segment
of the American Film
Institute Los Ange1e~
International Film
Festival.
To reflect contribu-
tions from Arts
Foundation for Santa
Monica Place Artists
in Residence and
Co-Arts Programs.
To reflect ~ncreaseci
revenue result~ng ==orn
additional housing
units approved for the
Sect~on 8 Program.
o
EXHIBIT B
SUMMARY OF PROPOSED FY1992-93 APPROPRIATION
INCREASEj(REDUCTIONS)
Increase
Fund Department/Div1s1on (Reductlon) Item
General Cultural & Recreation S 26,097 Increase appropriation by: a)
Services/Arts $10,000 for Community
Initiated Arts Program (ClAP)
(financed by $10,000 con-
tributed by Arts Foundation in
FY91j92), b) 54,000 for Santa
Monica Place Artists in
Resldence Program and $8,735
for Co-Arts grants (financed
by FY1992-93 contributions
from the Arts Foundation), and
c) $3,362 for Cine Latino
segment of the American Film
Instltute Los Angeles in-
ternational Film Fest1val
(flnanced by Paseo del Mar
Arts deferred Revenues).
,
General Non-Departmental/ 135,000 Establish technical appro-
All Other pr1atlons to process annual
Non-Departmental/ pr1nc1pal payment of Airport
Interfund Transfers (135,000) Cert1ficates of Participation
through the General Fund.
General Cap1tal ProJectsl 16.757 Increase approprlat1on 1n
Communlty and Economlc order to make final payment
Development for Third Street Senlor
Hous1ng ProJect. To be
f1nanced from Inclus10nary and
Houslng Mitlgatlon deferred
revenues.
The followlng approprlatlon
changes confirm budget changes
result1ng from the complet1on
of MOU negotiat1ons after the
Clty'S budget was adopted in
June 1992 and/or make
correctlons to the adopted
salanes budget. All appro-
pr1atlons are f1nanced by
funds ava11able 1n each fund's
balance:
Beach Cultural & Recreat10n
Servlces/
Beach Malntenance S 1,930
H-ll
Increase
Fund Department/Div1s1on (Reduct1on) Item
Redevelopment Resource Management/ S 37,848
(IS) EconomlC Development
Water Genera 1 Servlces/
Water $ 21,041
Solid Waste General Servlces/
Management -Solid Waste Management $ 7,514
-Street $weeplng (lO , 253 )
-Recycling 2,079
Pler Resource Management/
Pier Management $ 3,093
Pollce Harbor 309
Wastewater City Managerl
Envlronmental Programs 5 2,317
General Serv1ces/
Wastewater 4,595
CW1C Cultural & Recreat,on
Audl ton um ServlceS!
CiV1C Audltor1um S (8,376) I .
Airport Resource Management!
A1 rport S 45,599
Cemetery General SerVlces!
Cemetery $ 7,768
Transportatlon Transportatlon/
-Admlnlstratlon S 23.800
-Ma1ntenance 1,100
-OperatIons 305.900
Cable C,ty Manager/Cable S 4,823
Worker's Clty Manager!
Compensatlon Risk Management $ 24,154
Self-Insurance
Beach Cultural & Recreatlon S 2,000
Servlce/Beach Parklng
Increase appropr1atlon for
repalr of roof at 415 PCH
faclllty. To be financed from
Beach Fund balance.
HOUSIng
Non-Departmental!
Interfund Transfers
5104,502
Increase approprlat1on to
recognIze addlt10nal Sectlon 8
program grants due to In-
creased author1zatlon from
Federal government. To be
financed by lncreased program
revenue from federal
government.
H-12
Fund
Department/D1V1S1on
Resource Managementl
Pier Management
Pier
A1rport
Resource Management/
Alrport
A lrpO rt
Cap1 ta 1 Projects I
General Government
Increase
(Reduct1on)
S 65,662
S135,OOO
S164,453
H-13
Item
Increase Pier Restoration
Corporation's FV1992-93 budget
for the followlng: greater
than anticlpated utilization
of a position budgeted for
part of the fiscal year
($39,862-net); correction of
estimate for employee dental
insurance costs ($4,000);
expenses incurred for two un-
budgeted Pier Development Plan
workshops ($12.000); sample
audits of Pier tenants' gross
revenue figures ($2,000); and
profess1onal evaluation of
central area development
proposals S7,800. This
lncrease 1n the Pier Fund
Operat1ng budget wl1l be
financed by the eliminatlon of
$65,662 from the Munic1pal
Pier Im,rovement and Pier
Parking Program capital
1mprovement project budgets.
Increase approprlatlon for
prlnc1pal portion of annual
debt serV1ce on Airport
Cert1ficates of Part1clpatlon.
Prev1ously, princlpal was pa1d
from funds held by Trustee.
Trustee-held funds are no
longer ava1lable. To be
financed from Alrport fund
balance.
Increase approprlat10n due to
Councll-approved settlement of
legal clalm agalnst the City.
To be flnanced by A1rport Fund
balance.
ADOPTED AND APPROVED this 23rd day of February, 1993
~at"t
I hereby certify that the foregoing Resolution No. 56(HAS)
was duly adopted by the Housing Authority of the city of Santa
Monica at a meeting thereof held on the 23rd day of February
1993, by the following vote of the Authority:
AYES:
commissioner: Abdo, Genser, Greenberg, Holbrook,
Olsen, Rosenstein, Vazquez
NOES:
Commissioner: None
ABSTAIN: Commissioner: None
ABSENT: Commissioner: None
ATTEST:
L~ff)~~
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