R-439
FIN:CMD:br:midrreso Santa Monica, California
Redevelopment Agency Meeting: March 8, 1994
RESOLUTION NO. 439 (RAS)
(Redevelopment Agency Series)
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
SANTA MONICA AMENDING THE BUDGET FOR THE FISCAL YEAR 1993-94
WHEREAS, the Redevelopment Agency 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 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 fiscal year 1993-94 is hereby
amended by the revenue adjustment detailed in Exhibit A.
SECTION 2. The budget for the fiscal year 1993-94 is hereby
amended by the appropriation changes detailed in Exhibit B.
SECTION 3. The Agency 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:
:+ k j.LQ~ ....~~~_>...__
" Jpseph Lawrence
\. Acting city Attorney
E-~6
Fund
General
General
Hous~ng
Author~ty
Downtown
Redevelopment
ProJect
M~sc. Grants
Misc Grants
:X3IKT A
PROPOSED CHANGES TO FY 1993/94 REVENUE BUDGET
Account Name
Interest Deposits/
Investments
Hous~ng In-Lieu
M~t~gation
Sect~on 8 Hous~ng
Program
SM Place Attendant
Park1.ng Program
Service to Immigrants
Grant
CA L~teracy campaign
Total Change (Gross)
Adjustment for
Re~mbursements and
Transfers
Total Change (Net)
~,
Increase/
(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-
ing debt.
To reflect predevelop-
ment costs assoc1.ated
with var1.OUS housing
proJects and to
develop a housing
monitoring system.
To reflect ~ncreased
Sect~on 8 Program
activlty.
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-
hancing serv~ce to
immigrant populations.
To reflect award by
State of a grant for
the Santa Mon1.ca Pub-
l1.c L~brary Literacy
service.
(78,538) To reflect ~nterest
payment from the Re-
development Agency to
the General Fund.
$594,016
H-17
Fund
Genera 1
General
EXHIBIT B
SUMMARY OF PROPOSED FY 1993-94 APPROPRIATION
INCREASEj(REDUCTIONS)
Department/Division
Library/Maln L1brary
Services
L1brary/Materials
Acqu1s1t10n &
Processing
Resource Management/
Houslng
Increase
(Reduction)
$
9,265
$
5,000
$ 121,738
H-18
Item
Increase appropriation to
reflect State Literacy
Program Grant. Appropri-
atlon increase financed by
increased revenue from the
State 1n the City's
Miscellaneous Grants Fund.
Increase appropriat10n to
reflect State Service to
Imm1grants Program Grant.
Appropr1ation 1ncrease
f1nanced by increased
revenue from the State in
the C1ty'S Miscellaneous
Grants Fund.
Increase appropriat10ns
to a110cate funds to
Commun1ty Corporat10n of
Santa Monlca (CCSM) to
administer Federal HOME
funds as a deslgnated
Community Housing
Development Organization
($54,550); for
predevelopment costs
assoclated with var10US
housing projects, and to
develop a housing
monltoring system
($57,188); and for TORCA
loan processlng ($10,OOO).
Increased appropr1atlon is
financed by Federal HOME
Program funds rece1ved in
the Miscellaneous Grants
Fund ($54,550), by TORCA
funds ($10,000) and Hous1ng
Mit1gation funds ($57,188).
Fund
General
General
General
pepartment/Dlvision
Balance Sheet
Non-Departmental/
All Others
Increase
(Reduction)
$ (94,655)
$ 173,757
Non-Departmental/ $ (78,815)
Interfund Transfers
H-19
Item
Increased transfer from
Transportat10n Rail Reserve
for Bergamot property
management costs.
Increase appropriations
to transfer funds to
Redevelopment Agency for
increased maintenance
serV1ces to Third Street
Promenade ($35,000),
Bergamot property
management costs ($94,655),
development of retail sales
1n the Bays1de Distr1ct
($35,000), and to transfer
funds to the P1er Fund for
the Farmer's Market Program
($9,102) Appropr1ation
increases financed from
General Fund balance
($70,OOO), 1ncreased
balance sheet transfer from
Transportat1on Rail Reserve
($94,655), and Farmer's
Market revenues already
reflected in the adopted
budget ($9,102).
Technlcal appropriatlons
to reflect transfer of
funds from M1scellaneous
Grants Fund for: a) Llbrary
Literacy Program Grant
(-$9,265), b) Llbrary
SerVlce to Immigrants
Program Grant (-S5,000),
and c) Federal Home Program
funds (-$54,550), and from
the TORCA Fund for TORCA
loan process1ng (-$10,000).
The follow1ng appropr1a-
t10n changes confirm budget
changes resultlng from
employee step advances and
various other personnel
changes. All appropria-
t10ns are financed by funds
available In each fund's
balance.
Increase
Fund Department/Division (Reductlon) Item
Beach Communlty & Cultural
Servlces!Beach $ 316
Water General Servlces!
Water $ 30,943
Solid Waste General Services!
Management Street Sweeping $ 10,876
Pler Resource Management!
Economic Development!
Pier $ 9,175
Airport Resource Management!
AHport $ 11,055
Cemetery General Services!
Cemetery S 2,853
Cable Clty Manager's Office!
Cable TV S 911
Houslng Non-Departmental! S 444,025 Increase appropriation to
Interfund Transfers reflect increased Section 8
Program activ1ty.
Appropr1at1on increase 1S
f1nanced by add1t1onal
Houslng Authority Section 8
revenue.
TORCA Non-Departmental! $ ]0,000 Increase appropriat1on to
Interfund Transfers transfer funds to the
Genera 1 Fund for 1ncreased
program act1v1ty.
Redevel- Resource Management! $ 164,655 Increase approprlat1ons to
opment Administration prov1de add1t1onal
ma1ntenance serVlces to
Third Street Promenade
($35,000), for property
management costs associated
with Bergamot property
($94,655), and for the
Bayslde District
Corporation to generate
addltlonal retail actlvity
($35,000). Approprl at ion
lncrease is f1nanced by
transfer from the General
Fund ($70,000) and
1ncreased use of
Transportatlon Rail Reserve
funds ($94,655).
H-20
Increase
Fund Qepartment/Division (Reduction) Item
Redevel- Non-Departmental! $(164,655) Technlcal appropr1ations
opment Interfund Transfers to reflect transfers from
the General Fund for
lncreased maintenance to
Th1rd Street Promenade
(-$35,000), Bergamot
Property management costs
(-(94,655), and Bayside
District Corporation retail
development program
(-$35,000).
Miscell- Non-Departmental- $ 68,815 Technical appropriation
aneous Interfund to reflect transfer to
Grants Transfers the General Fund for the:
a) Library Literacy Pro-
gram Grant ($9,265),
b) Library Service to
Immigrants Program Grant
(S5,000), and c) Federal
HOME Program funds
(S54,550).
Pier Resource Management! $ 9,102 Increase appropriation for
Plf~r - Econom1 C 1.0 FTE As Needed Staff
Development Asslstant II positlon for
the Farmer's Market Program
due to workload increases,
Increased appropr1ation is
financed from increased
framer's Market revenues
(WhlCh are already
reflected 1n the FY 1993-94
budget) transferred from
the General Fund.
Pier Non-Departmental! S (9,102 ) Technlcal appropriat10n to
Interfund Transfers transfer funds from the
General Fund for the
Farmer's Market Program.
Wastewater General Servlces! 52,789,763 Increase appropriation to
Wastewater reflect what the City be-
lieves 1S owed to the City
of Los Angeles as of
6!30!93 for 1mprovements to
the Hyperion Wastewater
processing fac11ity.
Appropr1at10n increase is
flnanced by bond proceeds
held by the Clty'S trustee.
H-21
Fund pepartment!Division
Compre- Non-Departmental!
hensive Interfund Transfers
Self-
Insurance
{sop9394f}
Increase
(ReductlOn)
$2,000,000
H-22
Item
Increase appropr1ation
due to change in claims
settlement schedules.
Appropr1at1on increase 1S
f1nanced from funds held 1n
reserve in this fund.
Adopted and approved this 8th day of March, 1994
o ~Cb.rr
I hereby certify that the foregolllg ResolutlOn No 439 (RAS) was duly adopted at a
meetlllg of the Redevelopment Agency held on the 8th day of March, 1994 by the followmg
vote
Ayes
Agency Member
Abdo, Genser, Greenberg, Holbrook, Olsen, Rosenstein,
Vazquez
Noes: Agency Member
Abstain Agency Member'
.".
Absent' Agency Member
ATTEST,
~-I fC~
- - . Secretary ,