SR-202-002 (6)
EXHIBIT C
PROPOSED CHANGES TO FY 1999-00 REVENUE BUDGET
Budget
Fund Department/Division AdjustmentReason
General Resource Management/Housing and $3,100,000 To reflect reimbursement from
Redevelopment Earthquake Recovery Project Fund
for funds advanced by the General
Fund for the Virginia Park project.
General Resource Management/ $44,950 To reflect increased revenues from
Administration the Farmers Markets.
General Finance/Treasury $100,000 To reflect interest payment on
promissory notes from Earthquake
Recovery Project Fund.
TORCA Resource Management/Housing and $222,953 To reflect increased TORCA
Redevelopment Conversion tax revenue.
Low/Moderate Income Resource Management/Housing and $936,800 To reflect increased tax increment
Housing Redevelopment revenue from the Earthquake
Recovery and Ocean Park project
areas.
Low/Moderate Income Resource Management/Housing and $12,953,000 To reflect 20% share of funds from
Housing Redevelopment Earthquake Redevelopment bond
proceeds.
Earthquake Recovery Resource Management/ $2,985,200 To reflect higher tax increment
Project Administration revenue.
Earthquake Recovery Resource Management/ $(17,688,000) To reflect transfer of 20% of
Project Administration Earthquake Redevelopment bond
proceeds to Low/Moderate Income
Housing Fund and to adjust budget
to actual amount of bond issuance.
Ocean Park Project Resource Management/ $544,000 To reflect increased tax increment
Administration revenues resulting from the sale
and subsequent reassessment of a
major property in the project area.
Miscellaneous Grants Environmental and Public Works $245,000 To reflect Design for Excellence
Management/ Administration Grant funds received from Southern
California Edison for construction of
the Public Safety Facility.
EXHIBIT C
PROPOSED CHANGES TO FY 1999-00 REVENUE BUDGET
Budget
Fund Department/Division AdjustmentReason
Miscellaneous Grants Library/Administration $62,538 To reflect new grants received by
the Library ($1,000 for Library
Materials for an Informed
Community; $5,000 for Youth
Services Materials; and $56,429 for
Gates Library Initiative) and a
revision to the California Literacy
Grant amount ($109).