R-437
FIN:CMD:kf:midrreso Santa Monica, California
Redevelopment Agency Meetlng: February 23, 1993
RESOLUTION NO. 437 (RAS)
(Redevelopment Agency series)
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
SANTA MONICA AMENDING THE BUDGET FOR THE FISCAL YEAR 1992-93
WHEREAS, the Redevelopment Agency adopted the annual budget
for flscal year 1992-93 on June 23, 1992; and
WHEREAS, the Executive Director conducted a mid-year review
during January, 1993; and
WHEREAS, the Redevelopment Agency may amend its budget by
motion;
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA
MONICA DOES RESOLVE AS FOLLOWS:
SECTION 1. The budget for the flscal year 1992-93 is hereby
amended by the appropriatlon changes detalled in Exhibit A.
SECTION 2.
The Agency Secretary shall certify to the
adoption of thls resolution and thenceforth and thereafter the
same shall be In full force and effect.
APPROVED AS TO FORM:
~
Lawrence
City Attorney
H-l4
EXHIBIT A
SUMMARY OF PROPOSED FY1992-93 APPROPRIATION
INCREASE/(REDUCTIONS)
Increase
Fund DepartmentfDivls10n (Reductlon) Item
Genera 1 Cultural & Recreation S 26,097 Increase appropriation by: a)
Services/Arts $10,000 for Community
Initlated Arts Program (ClAP)
(financed by 510,000 con-
tributed by Arts Foundation in
FY91/92), b) $4,000 for Santa
MonIca Place Artists in
Residence Program and 58,735
for Co-Arts grants (financed
by FY1992-93 contributions
from the Arts Foundatlon), and
c) S3,362 for Cine LatIno
segment of the Amerlcan Film
Instltute Los Angeles In-
ternatlonal Fl1m Festlval
(fInanced by Paseo del Mar
Arts deferred Revenues).
, .
General Non-Departmental/ 135,000 EstablIsh technical appro-
All Other prlatlons to process annual
Non-Departmental! prlnclpal payment of Airport
Interfund Transfers (135,000) Certlflcates of Particlpation
through the General Fund.
General CaOlta1 ProJects! 16,757 Increase approprlatlon 1n
Commun1ty and Economlc order to make final payment
Development for Thlrd Street Senlor
Hous I ng ProJect. To be
flnanced from Inc1uslonary ana
Houslng M1tlgatlon deferred
revenues.
The follOWIng approprlatlon
changes confirm budget changes
resultIng from the comp1etlon
of MOU negotIatIons after the
CIty's budget was adopted In
June 1992 and/or make
correctIons to the adopted
sa1anes budget. All appro-
prIatIons are financed by
funds avaIlable In each fund's
balance:
Beach Cultural & RecreatIon
Servlces!
Beach MaIntenance S 1,930
H-15
Increase
Fund Deoartment/DlvlSlon (Reductlon) Item
Redevelopment Resource Management/ S 37,848
(IS) Economlc Development
Water Genera 1 Servlces/
Water S 21,041
Solid Waste General Servlces/
Management -Solid Waste Management S 7,514
-Street Sweeplng {lO,253}
-Recycling 2,079
Pler Resource Management/
Pier Management S 3,093
Police Harbor 309
Wastewater Clty Manager/
Envlronmental Programs S 2,317
Genera 1 SerVlces/
Wastewater 4,595
(lV1C Cul tural &. Recreat10n
Aud1torlum Servlces/
CiV1C AudltOrlUm S (8,376)
Al rport Resource Management/
Airport S 45,599
Cemetery General Serv1CeS!
Cemetery S 7,768
Transportat1on Transportatloni
-~dm1n1strat1on S 23.800
-Malntenance 1, 100
-Operations 305,900
Cabie Clty Manager/Cable S 4,823
WorKer's Clty l'1anager!
CompensatlOn R1Sk Management S 24,154
Se If- Insurance
Beach Cul turai &. Recreat10n S 2,000
Servlce/Beach Parklng
Houslng Non-Departmental! 5104,502
Interfund Transfers
H-16
.'
Increase approorlat1on for
repalr of roof at 415 PCH
fac111ty. To be flnanced from
Beach Fund balance.
Increase approprlatlon to
recognlze addltlonal Sectlon 8
program grants due to In-
creased authorlzatlon from
Federal government. To be
f1nanced by lncreased program
revenue from Federal
government,
Increase
Fund Department/D1Vlslon (Reductlon) Item
Pier Resource Managementl $ 65,662 Increase Pier Restoration
Pier Management Corporatlon's FY1992-93 budget
for the followlng: greater
than anticlpated utilization
of a posltlon budgeted for
part of the fiscal year
(S39,862-net); correction of
estimate for employee dental
insurance costs ($4,000);
expenses lncurred for two un-
budgeted Pier Development Plan
workshops (S12,000); sample
audlts of Pler tenants' gross
revenue figures ($2,000); and
professlonal evaluatlon of
central area development
proposals 57,800. ThlS
tncrease 1n the Pier Fund
Operatlng budget wlll be
flnanced by the ellmlnatlon of
$65,662 from the Munlclpal
Pier Im~rovement and Pler
Park1ng Program capital
improvement proJect budgets,
Alrport Resource Managementl S135,000 Increase approprlatlon for
Awpart prlnclpal partlon of annual
debt serVlce on Alrport
Certlflcates of Partlclpatlon
Prevlously, prlnclpal was pald
from funds held by Trustee.
Trustee-held funds are no
lancer avallable, To be
flnanced from Atrport funa
balance
Atrport Capltal ProJects! 5164,453 Increase approprlatlon due to
General Government Cauncll-approved settlement of
legal clalm agalnst the Clty.
To be f1nanced by Alrport Fund
balance.
H-17
Adopted and approved this 23rd day of February 1993.
t1g~
V'" Chair
I hereby certify that the foregoing Resolution No. 437 (RAS)
was duly adopted by the Redevelopment Agency of the city of Santa
Monica at a meeting thereof held on February 23 1993, by the
following Agency vote:
Ayes: Agency Members: Abdo, Genser, Greenberg,
Holbrook, Olsen, Rosenstein,
Vazquez
Noes: Agency Members: None
Abstain: Agency Members: None
Absent: Agency Members: None
ATTEST:
~ff1~
~ Secretary /
- 1 -