HomeMy WebLinkAboutPCDC Resolution 2002-03 02/25/2002 i
,
RESOLUTION 2002-03
of the Petaluma Community Development Commission
APPROVING ADJiJSTMENTS TO F'I' 2001-02 PCDC BiJDGET
WHEREAS, on February 25, 2002, the Petaluma Community Development Commission
held a public hearing and considered aMid-Year Financial Report on the FY 2001-02
PCDC Budget; and
WHEREAS, the Commission considered various adjustments to the budget and
requested that changes be reflected in certain line items with the intention of having the
budget reflect current financial conditions.
NOW, THEREFORE, BE IT RESOLVED that the Petaluma Community
Development Commission hereby approves and adopts adjustments to FY 2001-02
PCDC Budget, attached hereto as Exhibit A and referred to as Attachment II in the FY
2001-02 PCDC Mid-Year Financial Forecast staff report as amended.
Adopted this 25`" day of February, 2002 by the following vote:
Commissioner Aye No Absent
O'Brien X
Torliatt X
Cader-Thompson X
Maguire X
Moynihan X
Vice Chair Healy X
Chairman Thompson X
E. Clark ompson, Chair
Attest: Approved as to Form:
Paulette Lyon, Recordin cretary ard~ dnansky, City ttorney
i
FY 2001-0'2 PCI~C 1VIid-Year Financial Forecast
The following details the proposed changes to the Petaluma Community Development Commission FY 2001-02
Budget. originally adopted on June 25, 2001.. The changes are reflected in the budget detail worksheets in
Attachment II.
Central Business District,Proiect.Area Fund (9011:
• FY 2001-02 Beginning Fund Balance & Reserve: After the completion of the annual audit, the: FY
" 2001-02 Beginning Fund Balance was -$82,704 and the Beginning. Reserve for FY 2001-02 was zero.
• Property Taxes: Property Taxes are accruing at a higher rate than originally anticipated. The year-end
projection assumes an additional $2.1.,100 on an adopted budget of $503,900.
• Project Administration: An additional $59,000 has `been added to an adopted budget of $78,000 to
account for a Higher allocation for General Plan. Administration. Also, a portion ofthe. ACM retirement
costs is included for a total increase of $69,000.
® Indirect Costs: No change.
® SB-2557 Collection Fees: Fees will decrease by $1,737.
• Keller Street Garage; Phase IIa Q delay in construction is anticipated due to the need for additional
architectural, and engineering design to make the structure secure after-hours. $225,000 will be carried
over to FY 2002-03 for construction in the fall.
• Downtown Improvements: While $1.8 million was budgeted, only $539,330 will be expended for
engineering and architectural design, leaving $1,260,670 to be appropriated-for construction in FY 2002-
03.
® Transfer-Out to "the Housing Fund: This transfer has been eliminated in favor of a direct allocation 'of
20%"to "the tax increment to be reflected in the Low & Moderate Income Housing Fund (903) .
• Interfund Loan: Aline item is reflected in the budget to account for the loan from the PCD Project Area
Fund 902. The loan is-lower than anticipated by$1,357,803 for a total loan of $-1,749,597, primarily due.
to scheduling construction projects to begin next year.
Community Development Project Area (902):
Beginning Reserves for Projects/AFB: In the FY 2000-01 Audit, the Beginning Reserves for Projects
' and Beginning Fund Balance were consolidated and increased by $3,245,948 and will be available for
projects identified in the agency's "Five-Year Tmplerrientati'on.Plan".
o .Property Tax Increment: Figures provided by the County of .Sonoma reflect a 29% .increase in property
tax increment to the project area over the prior year actual. This is an increase of $2,177,850 from:
$7,332,23;1 to $9,SI0,08L. Please note that due to accounting changes eliminating the 20% set-aside
from. the tax increment figures in this fund, the change is not readily seen in thehistoric financial trend.
• Interest.,.Earnings: Interest earnings, budgeted at $550,000; are lower than anticipated by $150,000.
• Project Administration: An .additional $10,000 has been added to an appropriation of $168,550 to
account .for a portion of the ACM retirement costs.
• SB 2557 Collection Fee: The fee is estimated to decrease by $37,700 based on prior year actual data.
• General P an Administration: The PCDC share of'the cost has increased by $59,000 in order to cover a
.higher share of the General Plan cost for a total of $186,300.
® Indirect Costs: No change.
Page 6
• URM Project:; .Appropriations for the Unreinforced Masonry Project have been reduced by ($30,000)
from $80;000 to $50,000 to reflect the low level of activity. Unexpended funds that were previously
allocated for this purpose will be reallocated in next::°year's budget.
® Central Petaluma Specific Plan (CPSP): An additional appropriation of $50,000 has been requested by
the Community Development Department in order to finish work on the CPSP related to the EIR for a
total.line-item appropriation of $228,000.
• Passthrough Payments to Others: Approximately 34% of Tax Increment is passed through to other
taxing agencies: As the tax increment increases, the amount of passthrough also increases. Based on the
County's latest property tax figures, an additional $559;679 is appropriated for a total line-:item
appropriation of $3,085,929.
• Transfer Out. to Low/Moderate Income Housing Fund: This method of transferring funds has been
eliminated. in favor of a direct°allocation to the fund 903.
• Transfer Out to Traffic Fund: The transfer of $1.3 million for the McDowell/E. Washington intersection
improvements is deferred until FY 2002-03.
• Interfund Loan to CBD Fund 901: The loan amount projected by the end of the fiscal° year is $1,749.,;597
L-ow & Mod'erate~Income Hlousing Fund (9:03):
• FY 2001:-02 Beginning Fund Balance/Reserves: Subsequent to the annual audit, the beginning balance
and Reserves for Projects is increased by $3,595,049 for a total. of $5,349,596.
• Transfers In From PCD Project Area. Funds: Due to a change in accounting methods, this line .has been.
eliminated'in favor of a direct allocation of the 20% set-aside to a revenue account.
• 20% Set-Aside Revenue: Anew line-item has been established in keeping with current: accounting;
standards with a figure of $'1,823,291, an increase- of $138,870 or 8% over the adopted budget and an
increase of $329,951 or 22% over the prior year actual figure.
• Interest Revenue: A reduction of $35.,000 in interest is anticipated resulting in an adjusted line-item of
$75;000.
• .Armory Facility Set .Aside: Construction of the facility will begin in FY 2002-03. Therefore, $995;000
is being- carried over. Housing and planning staff have begun the Conditional Use Permit process,
secured outside funding, and will begin the development process in the Spring 2002.
CPSP Area Housing (Eden): $1.2 million for construction will be carried over to FY 2002-03.
• Mobile' Home Rent Control: An additional $1,000 is appropriated to cover the cost of the legal
responses to the Sandalwood .hearings for a total of $3;000. This is offset by a charge to a reserve fund.
• Douglas Street Senior Project: $2'85,000~wil1 be carried over to FY 2002-03. Land use approvals were
secured 'in December 2001. Home funds were secured in January 2002. Construction is scheduled to
start in FY .2;002=03: .
• Buckelew Programs: $150,000 will be carried over to FY 2002-03. The proposed site is adjacent to the
Police Department. Housing :and Police staffs have been collaborating on possible joint use.
• Facility Maintenance;. This account is increased by $40,000 to complete the rehabilitation. of 27 Howard
Street for office space: for the PCDC & General Plan staff.
• Neighborhood Revitalization: $87,300 will be carried over to FY 2002-03. Housing and engineering
staff are coordinating efforts to complete the last four phases of improvements in the Fall of 2002.
• Low/Mod Disaster Recover Program: $20,000 in funding is being eliminated from the budget due to the
lack of community need for the program.
• Indirect Overhead: No change.
Page 7
e Housirg Projects Management: An additional $29,500 has been budgeted to account for an a larger
allocation of General Plan Administration for a total nine-item appropriation of$289,800.
® Reserve For ITnspecified Housing Projects: Due to the increase in projected revenue . and a higher
beginning fund balance, the reserve will increaseby$5,986201.
Debt Service Fund .(904):.
® FY 2001-02 Beginning Debt Service Reserve: .The beginning reserve has been increased by $1,336;585
to a total of $1,449,034 due to a payment on the Benson note that was deferred until July 1, 2002.
® Transfers In: No change.
® Benson Note: An additional $1,350,223 has been budgeted to pay the Benson note from the prior fiscal
years.
o Various IDebt Service Payments: No change.
® Reserved Funds: A decrease of $13,638 in the reserve fund is anticipated for an adjusted reserve of
$98,81:1..
Page 8
CENTRAL BUSINESS DISTRICT PROJECT AREA
REVENUES EXPENDITURES
FY 2001-02 MID-YEAR BUDGET FORECAST
REVENUES AND EXPENDITURES BY PRO_ JECT AREA FY 99-00 FY 00-01 FYb1-02 FY o f -02 Increase/
Actual Actuaf Budget Adjusted (Decrease)
CENTRAL BUSINESS DISTRICT PROJECT AREA
REVENUES AND TRANSFERS IN
1 BeginningReserves for Projects 0 0 20,000 0 (20,000)
2 Beginning Funds Available (22,960) (114,644) 0 (52.7 041 (82,704)
3 Property lax Increment Revenue 467,732 485,028 503;900 ' 425,000 (78,900)
4 Other Revenues 13,058 15,898 101,500 101,500 0
5 Transfers In & Loans from PCD Fund 902 114,645 82,704 3,107,400 1,749,597 (1,357,803)
6
7 TOTAL REVENUES AND TRANSFERS IN 572,475 468,986 3,732,800 2,193,393 (1,539,407)
8
9 EXPENDITURES'AND TRANSFERS'OUT
10 Administration, 75,509 194,914 119,500 166,563 47;063
Rayments to State and Other Agencies 0 0 0 0 0
1t Projects
12 Downtown _214;658 79;182 220;400 220,400 0
13 Circtilation;ahd Parking 41,530 30;493 453,000 22s,0oo (225,000)
14 Pedestrian'Environment 2,197 4,630 2,507;000 1,24d.33o (1,260,670)
Public lrrlprdvemerits 0 0 0 0 0
Economic Revitalization 0 0 0 0 0
DEBT.SERVICE'
Payments to State and Other Agencies 0 0 0 0 0
15 Loans; Interest & Credits 37,080 38,441 238,500 238,SOO 0
16 Transfers Out
17 Transfer out to Housing Fund 93,547 97,768 100,800 0 (100,800)
18 Transferbut to Debt Service Fund 82,954 489 48;600 4s,soo 0
19 Transfer out to General Fund for Security Patrol 25,000 25,000 25,000 25,000 0
20 Reserves for Future Projects 0 0 20,000 20,000 0
21 TOTAL EXPENDITURES, TRANSFERS OUT '572,475 470,917 3,732,800 2,193,393 (1,539;407)
22 & RESERVES
23
24 UNRESERVED FUNDS AVAILABLE 0 0 0 0 0
City of Petalima, California -Petaluma Community Development Commission
.
- 3/18/2002 10:14 AM PCDCFY2001-02MidYearForecastRevised.XLS PCDC detail 1
CENTRAL,.BUSINESS'DISTRICT'PRQJECT AREA..
REVENUES AND' EXPENDITURES
FY 2001-02 MID-YEAR,.BUDGET FORECAST'
REVENUES AND EXPENDITURES BY PROJECT AREA FY^99-00 FY 00-01 FY 01-02 FY U1-02 Increase/
Actual .Actual Budget- Adjusted (Decrease)
CENTRAL BUSINESS DISTRICT PROJECT AREA
1 Beginning Reserves for Projects 0 0 20,000 U (20,000)
2 Beginning Funds Available (22,960) (114,644) 0 (82,70x) (82,704)
0
3 REVENUES 0
4 3100 Property Tax Increment 467,732 485,028 503,900 425.000 (78,900)
5 3500 Interest Earnings ~ 7,758 4,438 1,500 1,SOri 0
6 3600 Miscellaneous Revenue 212 365 0 0 0
7 3700 Parking Lot Revenue 5,088 11,095 100,000. 100,000 0
8 TOTAL REVENUES 480;790 500,926 605;400 526,500 (78,900)
9
10 TRANSFERS IN-
11 `Transfer in_Net,Bond,Proceeds 2005 TABS: 0 0 0 0 0
12 Transferln- 0 1,931 0 0 0
13
- -
14 TOTAL REVENUES AND TRANSFERS IN 457,830 388,213 625;400 1-1,796 (181,604)
15
16 EXPENDITURES
17 Aifm+nestnfion
18 :-.uu;;, Nrojea m~u;naa4ion 7;299 67;684:.. 78,000 147,000 69,000
19 8508 CBD,PIamAmendment(3eifel#1) 38,208 104,034 5;000 5,000 0
20 8538 SB2557'CoJCollection Fee 9,602 8,935 11;300 9,563 (1,737)
21 $539 IndirecCOverhead 20,400 14,261 25,200 5.000 (20,200)
22 Su6totalAdministration 75,509 194,914 119,500 166,Sh3 47,063
23 Downtown
24 8512 UkM Protect 106,769 3;613 125,000 125,000 0
25 8517 PetaluinaiDowntown Assoc 98,247 73,936 70,000. 70,000 0
26 8518 Special Projects
27 Downtown Security 9,642 1,633 15,000 15,000 0
`28 Sidewalk Maintenance 0 0 10,000 10,000 0
29 Summer Youtb Work Program 0 0 400 400 0
30 SubtotafDowntown 214,658 79,182 220,400 220,400 0
City of,Petaluma,.California =Petaluma Community C)evelopmerif Commission
3/18/2002 10:14 AM PCDCFY2001-02MidYearForecastRevised.XLS PCDC;detail 2
CENTRAL BUSINESS DISTRICT PROJECT AREA
REVENUES &.EXPENDITURES
FY 2001-02"MID-YEAR, BUDGET FORECAST
REVENUES AND EXPENDITURES BY PROJECT AREA FY 99-00 FY 00-01 FY'01-02 FY U1-U2 Increase/
Actual Actual Budgef Adjusted (Decrease)
31 Circulation and Parking
32 8511 Parking Garage/Lot Maintenance 39,751 28,491 128,000 123.000 0
33 9725 Underground Tank Monitor 1,779 2;002 0 0 0
34 9891 Riverwalk Improvements -Putnam Plaza 0 0 0 0 0
35 9993 Parking Garage Improvements 0 0 325,000 100,000 (225,000)
36 Subtotal Circulation and Parking 41,530 30,493 453,000 228,000 (225,000)
37 Pedestrian Environment
38 8515 Downtown Improvements 0 0 1,800,000 539,330 (1,260,670)
39 9016 Cent. Pet. Specific Plan.lmplementation 0 0 200,000 2oU,oCo 0
40 9792 Riverwalk Improvements 0 0 500,000 SOO,000 0
41 8516 Plaza Restroom Maintenance 2,197 4,630 7,000 7,000.... 0
42 SubtotaYPedestrianEnvironment 2,197 4;630 2,507,000. 1,246,330.: (1,260,670)
43 Loans/lnterest/Credits
44 €~07 Passtnrough Payn~~~d, iv-0thers 0 0 0 D 0
45. 8551 Storefrontamprovement Loan Program 0 0 200,000 200,000 0
46 8510 CBD„Coans& AssessmentLredits 37,080 .38,441 38,500 3E,5o0 0
47 Subtotal Loans/Interest/Credits 32,080 38,441 238;500 z3s,soo 0
48
49 TOTAL EXPENDITURES 370,974 347,660 3,538',400 2,099,; 93 (1,438;607)
50
51 TRANSFERS OUT
52 Transfers,ouTto Low/Mod Housing Fund 903 93,547 97,768 100,800 0 (100,800)
53 Transfers orit to Gen Fund for Foot Patrol Services 25,000 25,000 25,000 25,o0U - 0
54 Transfers out to Debt Service: 1984 TAB 82;954 0 ( 0 0
56 Transfers outlo Debt Service: 2005Q TAB 0 0 0 0 0
57 Transfers ou44o Debt Service:. 20006 TAB 0 489 48,60C 48,soo 0
58 Subtotal Transfers Out 201,501 123,257 174,400 ; 3,soo ' (100,800)
59
60 TOTAL EXPENDITURES$TRANSFERSDUT 572,475 470,917 3,712;800 2,1 ~ 3,393 (;1,539,407)
61 INTERFUND LOAN FROM PCD PROJECT AREA{902) 114,645 82,704 3,107;400 1.749,597 (1,357,803)
62
63 ENDING FUNDS AVAILABLE 0 0 20,000 20,000 0
56 ReservedFunds: Loan Repayment to Fund 902 0 0 0 0 0
57 Reser0e for Fiiture,Land Acquisition 0 0 0 0 0
. :58 Reserve:for'URM'Reimbursements 0 0 0 0 0
64 Reserve for Contingencies 0 0 20,000 20,000 0
65`
66;
67 UNRESERVED FUNDS AVAILABLE 0 0 0 0 0
68 '
69 Cumulative Interfund Loan From PCD Projed,Area Fund 9C 114;645 82,704. 3,476,053 1,749,597 .(,1;726,457)
Gity:of Petaluma, California -Petaluma Community Development Commission
3)112/2002 10:14 AM PGDCFY2001-02MidYearForecastRevised.XLS PCDGdetail 3
COMMUNITY DEVELOPMENT PROJECT AREA
REVENUES & EXPENDITU_ RES
FY 2001-02 MID-YEAR'BUDGET FORECAST
REVENUES AND EXPENDITURES BY PROJECT AREA F_ Y 99-00 FY 00-01 FYb1-02 FY of -02 Increase!
Actual Actual Budget Adjust~ad (Decrease)
REVENUES AND TRANSFERS IN
1 Beginning Reserves 238,346 2,009,753 6,850,000 0 (6,850,000)
2 Beginning Funds Available (2,128,403) 11,591,436 5,233,553 15,325,501 10,095,948
3 Property Tax Increment Revenue 5,580,074 7,332,231 7,452,000 7,730,168 298,168
4 Other Revenues 162;041 1,170,407 550,000 400,000 (150,000)
5 Transfers In: 2004A Tax Allocation Bond Proceeds 0 0 0 0 0
6 Transfers 1n:2000A Tax Allocation Bond Proceeds 18;000,000 59;241 0 ` 0 0
7 Other Transfers In 0 407,358 0 0 0
8 TOTALREVENUES AND TRANSFERS IN. 21,852,058 27;570,426 20,085;553. 23,479,689 3,394,116
9
10 EXPENDITURES~AND TRANSFERS OUT
11 Administration, 1;237,287 356;784 649,550 680,850 31,300
12 Projects
13 Dowritown 45,255 0 80,000. 50,000 (30,000)
14 Ci~culatidrrand Parking 0 70,523 0 0 0
15- Pedestrian Environment 18;175 38,530 475;000 475,000 0
16 Putilidlmprdvements 0 0 100;000 100,000 0
17 Economic Revitalization 253;857 21,888 935,000 595.000 50,000
- _
18 PasstFirdtighs, Ldans & Interest 1,985,722 2;313,205 2,551,250 3,11D,929 559,679
19 Transfers.0ut'to Other Funds
20 Transfers Out(Loan)to.CBDfund901 116,000 0 3,102,400 1,7x5,557 (1,357,803)
21 Transfers^OuYto Housing Fund-903 1,033,103 1,395,572 1,490,400 D (.1,490,400)
22 Transfers Out to Debt Service Fund 904 631,544 2,991,923 2;346800 2,3x5,900 0
22 Transfers Out to TOT Fund 0 0 300;000 , 300,000 0
23 Transfers Out to Traffic Fund 0 0 1,300;000 0 (1,300,000)
24 Transfers Out to Storm Drain Fund 210 4,887,179 0 0 0 0
25 Transfers 0utio Marina Fund 607 52,500 52,500 0 o 0
26 Reserves for Future Projects 6;800,000 0 50,000 50,000 _ 0
27 TOTAL EXPENDITURES, TRANSFERS OUT 17;060,622 7,240,925 13,385,400 9,949,175 (3,537,224)
28 & RESERVES
29
30 UNRESERVED FUNDS AVAILABLE 4,791,436 15,329,501 6,700,15° 1'.531,49a 6;931,340
City,'of Petaluma; California -Petaluma Community Development Commission
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3/.18/2002 10:14 AM.PCDCFY2001-02MidYearForecastRevised:XLS PCDOdetaiF4
COMMUNITY DEVELOPMENT PRQJECT.AREA
- REVENUES &EXPENDITURES
FY'2001-02 MID-YEAR BUDGETFOREGAST
R_EVENUE_S AND EXPENDITURES BY PROJECT AREA FY'99-00 FY00-01' FY 01=02 FY 01-02 Iricrease/
Actual Actual Budget Adjusted (Decrease)
COMMUNITY DEVELOPMENT PROJECT AREA
1 Beginning Reserves for Projects 238,346 2,009,753 6,850,000 0 (6,850,000)
2 Beginning Funds Available (2,128,403) 11,591,436 5;233,55? 15.329,501 10,095;948
3
4 REVENUES
5 3100 Property Tax Increment 5,580,074 7,332,231 7,452,000 7.750,1sa 298,168
6 3500 Interest Earnings 137;041 1,003,995 550,000 400,000 (150,000)
7 3600 Miscellaneous Revenues 25,000 105,000 0 0 0
8 3700 Property Owners Contributions 0 61;412 0 0 0
9 TOTAL REVENUES 5,742,115 8,502,638 8,002,000 8,150,168 148;168
10
11 TRANSFERSIN:
12 Gross 2000 Bond Proceeds 18,000,000 59;241 0 0 0
13 Net2004 Bond Proceeds 0 0 0 0 0
14 Interest.on D`ebtSvc Reserve 0 0 0 0 0
15 Proceedsbf4992.Bond'Reserve 0 407;358 0 0 0 .
16~ Transfe~:!In'F~omStorm Drain Fund 210 0 0 b D' 0
17 TOTAL TRANSFERS:IN 18,000;000 466;599 0 D 0
18 TOTAL.REVENUES AND'TRANSFERS IN 21,852;058 22,570,426 20,085,553 23,17+,669 ' 3,394,116
19
20' EXPENDITURES
21 Administration
22 8505 ProjectAdministratioh 112,661 164;720 168,550 17x.550 10,000
23 8509 Cost of Issuance fdr2000 TABS 717,470 158 0 0 0
24 8508 PCD PlanAmendment (Seifef#4) 58';524 14-,486 0 0 0
25 8513 PCD-TAB Fiscal Svcs (Seifel;#3) 11,392 1,776: 0 0 0
26 8538 SB-2557 County Collection Fee 110,637 102,954 167,700 130,000 (37,700)
27 8525 Marina Hotel Study 69,136 20,106 0 0 0
28 8531 Proj.Area_AlternativesAnalysis.(Seifel#2) 7,267 534 0 0 0
29 9990 General Plan Update 0 0 127,000 186,000 59,000
30 8539 City lndirgd Overhead 150,200 52,050 186,300 186,300 0
31 Subtotal Administration 1,237,287 356,784 649;550 sao,s5o 31,300
32 Downtown
33 8512 URMPr~lect 45,255 0 80,000' 50,000 (30,000)
34 8517 Petaluma Downtown Assoc. 0 0 0 0 0
. 35 Subtotal Downtown 45,255 0 80;000 50,000 ' (30,000)
36 Crculatiori and Parking
3Z 9528 Freeway Overcrossingllnterchange 0 0 0 0 0
38 9845 Lakeville Highwaylmproyemehts 0 0 0; 0 0
37 9014 Corona Road Highway Improvements 0 70;523 0 0 0
~40 9848 ~ OId Redwood Highway'Improvements 0 0 0, 0 0
38 9999' Circulation Improvements 0 0 0 0 0
39 9891 Telephone Alley 0 0 ~ 0 0
40 Subtotal Circulation and Parking 0 70,523 0 0 0
City of Petaluma,.California - Petalima Community Development Commission
3/18/2002.10:14-AM'PCDCFY2001-02MidYearForecastRevised.XLS PGDC details
COMMUNITY DEVELOPMENT'.PROJECT AREA
REVENUES & EXPENDITURES'
FY 2001-02 MID-YEAR.BUDGET FORECAST
41 REVENUES AND EXPENDITURES BY PROJECT AREA FY 99-00 FY00-01 FY 01-02 F'f 01-02 Increase/
42 Actual Actual Budget Adyusted (Decrease)
43
44 `Peelestrian Environment
45 Raowelopment lmprovemeuts 0 0 0 0 0
46 8510 Main Street Improvements 0 0 0 0 0
47 9876: Petaluma River/Trails Enhancements 0 0 375,000 375,000 0
48 8515 Tree Maintenance.& Watering 18,175 38,530 100,000 100,003 0
49 9936 Putnam Plaza Ped Crossing 0 0 0 0 0
50 Subtotal PeAestrian Environment 18,175 38,530 475,000 375,009 0
51 !Public Iriiprovements
52 9724 Flood Control Improvement Project 0 0. 0 0 0
53 9023 Gateway Landscaping& Capital Improvements 0 0 100,000 100,000. 0
54 9013 Klaas.Center Renovations 0 0 0 0 1 0
55 SubtofaCPubliclmprovements 0 0 100,000 100,000 0
56 (Economic Revitalization
57 5119 Econouuc ucvelopment Promotion 0 5,000 S,ooo 0
58 5452: Central PetalumaSpecifio-Plan 39,278 20,668 178,000 228,000 50,000
' S8 8518 Land°Use Study - No. McDowell/ORH 0 0 0 0 0
'S9. ;8519 Corona Reacfi Specific Plan 213,447 0 0. 0 0
60 8526 L'OK4Petalima Marina Hotel OPA 0 0 750,000.. 750.000 0
61 8530 Auto'PlazaProject 1,132 1,220 2000 2.000. 0
62 8609 Assessment'Distrid,#19Auto Plaza 0 0 0 0 0
62 9992 CBD Prdperty Acquisition. 0 0 0 0 0
63' Subtotal Economic Revitalization 253,857 21,888 935,000. 9b5.AOO 50,000
64 ~Passtt~roughs;Loans!Interest
65 8507 Fassthrough Payments to Jthers 1,894,338 2,289,335 2,526,250. 3,095,529 559,679
66 8514 Payment,of Loan Interest to Fund 903 59,518 0 0, 0 0
67 8540 PCDC Loans & Assessments 31_,866 23;870 25,000 25,000 0
68 Subtotal:Passthroughs/Loans/Interest 1,985,722 2,313;205 2,551,250. ' 3,110,929- 559,679
69
70 TOTAL EXPENDITURES 3,540',296 2;800,930 4,790,800 5,401,,'79 610,979
:City.-of Petaluma, California -Petaluma Community Development,Commission
S
3/18/2002 10:14 AM PCDCFY2001-02MidYearForecastRevised.XLS PCDC detail 6
COMMUNITY DEVELOPMENT PROJECT',AREA
REVENUE$ &.EXPENDITURES
FY'2001-02 MID-YEAR BUDGET'FORECAST
.REVENUES AND EXPENDITURES BY PROJECT AREA FY 99-00 FY 00-01 FY 01-02 FY 01-02 Increase/
Actual Actual Budget Adjusted (Decrease)
71
72 TRANSFERS OUT
7&
74 Transfers to Low/Mod Housing Fund:903 1,033,103 1,395,572 1,490,400 0 (1,490,400)
75 Transfers out to Debt Service Furid 904
76 Tax Allocation Bonds (1992A) 298,015 391,549 0 q 0
77 Surety for 1992A TABS (In lieu of Reserve) 0 0 0 0 0
77 Tax Allocation Bonds (2001A) 0 0 433,700 433,700 0
78 Tax Allocation Bonds (2004) 0 0 0 0 0
79 Tax Allocation Bonds (2000) 0 1,130,976 1,112,200. 1,112,200. 0
80 Agreement Obligations(AD19 88enson) 333,529 1,469,398 800,900 800,900.' 0
81 Transfers Out to Transient Occupancy Tax Fund
82 Economic DevelopmentlTourism Promotion via PV 0 0 300,000 300.000 0
83 Transfers Out,to Traffic Fund
84 McDowell/E. Washington Widening 0 0 1,300,000 0 (1,300,000)
85 Transfers Out to Marina Fund 607
86 Operations/Debt Service Shortfall 52,500 52;500 0 0 0
87 Marina Dredging 0 0 0 0 0
88, Transfers Out to Storm Drain Mitigation Fund 210
- 89 Payran Reach Flood Management Project 4,887,179 0 0 - 0 0
90 Turning Basin Dredging 0 0 0 0 0
91 Transfers Out to CBD fund 901 0 0 0 0 0
92 Subtotal'Transfers Out 6,604,326 4,439,995 5,437,200 2,F>-i6.3o0 (2,790,400)
93 Intertund' Ldan to CBD Fund 901 116,000 0 0 0 0
94 TOTAL EXPENDITURES AND TRANSFERS-OUT 10;260;622 7,240,925 10,228;000 e,0as,575 (2,179,421)
95 ENDING FUNDS AVAILABLE 11;591,436 15,329,501 9,857;553' 15,431,090 5,573,537
96 RESERVED FUNDS
97 Interfund Loan to CBD Project Area (901) 0 0 3,107,400 1,749,597 (1,357,803)
99 Reserve for Corona Reach Specific Plan 0 0 0 0 0
100 Reserve for Payran Reach Flood Project 6,800,000 0 0 0 0
101 Reserve for Projects in the "5-Year Implementatior 0 0 0 0 0
102 Reserve for Contingiencies 0 0 50,000 90,000 0 ,
103
104 UNRESERVED FUNDS AVAILABLE 4;791,436 15,329,501 6,700,153- 13,931,494 6,931,340
105 -
106 CUMULATIVE`.INTERFUND LOAN TO CBD FUND 901 116,000 82,704 3,476;053' 1,749,557 (1,726,457)
City of Petaluma, California,-Petaluma Commuriity Development Commission
- 3/18/2002 10:14 AM PCDCFY2001-02MidYearForecastReJised.XLS PCDC detail 7
_ -
LOW & MODERATE INCOME',HOUSING FUND
REVENUES & EXPENDITURES
FY 2001-02 MID-YEAR.BUDGET FORECAST
REVENUES AND EXPENDITURES BY PROJECT AREA FY 99-00 FY 00-01 FY01-02 FY o1-n2 Inctease/
Actual Actual Budget Adjusted (Decrease)
LOW/MODERATE INCOME HOUSING FUND
1 REVENUES 8 TRANSFERS IN
2
3 Beginning Reserves for Projects 15,846 0 18,000 4,208,582 4,190,582
4 Beginning Projects Available 2,140,404 5,812,774 1,736,547 1,141,014 (595,533)
5 Other Revenues 210,517 318,654 125,450 90,450 (35,000)
5a 20%Set-Aside 0 0 0 1.823,291 1,823,291
6 Transfers In from Other Funds 1;126,650 1,493,340 2,813,939 750,000 (2;063,939)
7 TOTAL,REVENUES 8 TRANSFERS IN 3,493,417 7,624,768 4,693,936 8,013,337 3,319,401
8
9 EXPENDITURES & TRANSFER&AUT
10
11 Project Administration 151,946 145,125 294,300 323.eoo 29,500
12 Projects
13 Homelessness,(Prevention, Shelter;Services) 595,816 624,515 1,663,400 6e,8,400 (995,000)
14 Transitional Housing 49,317 78,336 67,500 67,500 0
15 FamilyRerital Projects 458;974 1,120,568 1,529;400 329.400 (1,200;000)
16 Senior Projects/Programs 84,268 82,890 687,000 253,000 (434,000)
17 Hbmeownership/Rehabilitation Programs 41,807 174,245 147,500 187,SO0 40,000
18 Community Revitalizatioh Programs 115,804 18,157 107,300 0 (107,300)
19 Tofal,Projects 1,497,932 2,243,836 4,496,400 1,az9,soo (2,666,800)
20 Transfers,(In) Ouffor Loans/Adjustments (1,674) 31,336 0 0 0
21
22 Reserves for Future Projects
23 Mobile Home Renf Control 17,746 0 18;000 15,000 (3;000)
24 Rese(ye for Land Acquisition 0 0 0 0 0
25 Unspecified Housing Projects 1,979,413 5,349,596 179,536. 6,16e,737 :5;989;201
26
27 TOTAL EXPENDITURES, TRANSFERSOUT 3;493,41.7 7,624,768 4,693,936 a,o13,337 3,319,401
28 8 RESERVES -
29 _ .
30 UNRESERVED FUNDS AVAILABLE 0 5,349,596 0 0 0
• City of Petaluma, California -Petaluma Community DevelopmenYCommission
• S/18/2002 10:14 AM PCDCFY2001-02MidYearForecastRevised:XLS PCDCdetail 8
LOW'& MODERATE INCOME'HQUSING FUND
REVENUES:& EXPENDIT,.URES
FY 2001-02 MID-YEAR BUDGET FORECAST
REVENUES AND EXPENDITURES'BY PROJECT AREA FY 99-00 FY 00-01 FY 01-02 FY 01-02 Increase/
Actual Actual Butlget Adjusted (Decrease)
LOW/MODERATE INCOME HOUSING FUND
1 Beginning Reserves for Projects 15,846 0 18,OOb 4,zoE,532 4,190,582 ,
2 Beginning Funds Available 2;140,404 5,812,774 1,736;547 1,141,oia (595;533)
3
4 REVENUES
5 Investment Interest 157,248 149,274 110,000 75,000 (35,000)
6 Mobile Home Rent Control Admin 1,875 0 1,950 1,95a 0
Charges for Services 0 15,160 0 0
7 Intergovernmental Revenue 37,914 51,751 0 0 0
7a 20% Set-Aside 0 0 0 1,823,291 1,823,291
8 Other Revenue 13,480 102,469 13,500 13,500 0
9 TOTAL.REVENUES 210,517 318,654 125,450 1,913,741 1,788,291
10
11 TRANSFERS IN
12 From'PCDC Project Areas 1,126,650 1,493,340 1,684,421 ' 0 (1,684,421)
13 From:City Housing in-Lieu Fund 0 0 1,129,518 750,000 (379,518)
14 ~ TOTAL TRANSFERS IN 1,126,650 1,493,340 2,813,939 750,000 (2',063,939)
15 TOTAL REVENUES &"TRANSFERS IN 3;493,417 7,624;768 4,693,936. s,013,337 3,319,401
1'6 EXPENDITURES
17 ,Homelessness (Prevention,.Shelter,Services)
18; 54,'12 r<ental Assistance t'rogram (NPSG) ~ 0 25,000 25,000 25,000. 0
19 5417 Singles'Shelter Program (COTS) 43,909 52,137 0 0 0
20 5425 Mediation assistance Pool (PPSC) 78,302 92,000 95,000, 95,000 0
21 5436 Family Shelter Program/Mant.(COTS) 286;11.6 244,166 226,400 226,400 0
23 b443 Housing Opportunity Site"Acq (BH) 826 0 0 0 0
24 5456 Homeless.Shelter/Opportunity Center 153,786 161,514 292,000 292,000 0
25 9725 Opportunity Center Facility-'UST Monitor 24,OJ5 29,620 25,000 25,000 0
26 5462` Rehab Dorm°,(COTS) 0 0 0 0 0
27 5452 ..Armory Facility Set Aside 8,862 20,078 1,000;000 5,000 (995,000)
28 Subtotal Homelessness 595;816 624,515" 1,663,400 e6e,4oo (995,000)
29 Transitional Housing
30 5468 Transitional housing i rath tSr~RMf) 49,317 69,854 60;000 60,000 0
31 '5445 Supportive Shared'Housing (COTS) 0 8,482 7,500 7,500 0
32 Subtotal Transitional Housing 49,317 78,336 67,500 67,500 0
33 Family Rental Projects
34 543 old EIm,Village (61,/ ~ 378,021 27,823" 0 0 0
35 5476 Boys & Gids Club 0 0 100,000. 100,000 0
36 8550 Low/Mod Ezistirig Housing Support 19,554. 28,051 29,400 29,x00 0
37' 5465 CPSP AreaNousing (EDEN) 61,399 1,064694 1,400;000 200,000 (1;200,000)
38 SubtotaLFamily Rentals 458,974 1,120;568 1,529,400 329,x00 (1;200;000)
City of Petaluma, California -Petaluma CommunityDevelopmenfCommission
3/18/2002 10:14 AM PCDCFY2001-02MidYearForecastRevised.XLS PCDC detail:9
LOW & MODERATE INCOME.HOUSING'FUND
REVENUE$ & EXFENbITURES
FY 2001-02 MID=YEAR,BUDGET FORECAST
REVENUES AND EXPENDITURES BY PROJECT' AREA FY 99-00 FY 00-01 FY 01-02 FY 01-02 Increase/
Actual Actual Budget. Adjusted (Decrease)
39
40 Senior Projects/Programs
40 b431 vallelo Street.Phase II (PEP) 0 0 0 0 0
41 5444' Mobile Home Rent Control 65 40 2,000 3,000 1.,000
42 5475 Buckelew Programs 0 0 150,000 0 (150,000)
41 5450 Salishan Apartments 0 0 0 0 0
43 5466 Edith St. Senior Ap4s (PEP) 84,203 27,449 0 0 0
44 5471 Vintage Chateau Public Improvements 0 0 0 0 0
44 5474 Douglas Street Senior Project (PEP) 0 55,401 535,000 250,000 (285,000)
45 SuhtotafSeninrProjects 84,268 82,890 687,000 253,000 (434,000)
46 HomeownershipiRehabilitatio~n Programs
48 5429 Wisten,~ tNEH/ 0 0 0 0 0
47 5437 Mortgage-Certificate Program 0 0 2,500. 2,500 0
50 5438' URM'L/M;Income Housing Rehab 0 0 0 0 0
48' 5440 Facility Maintenance & Rehab 10,547 113,816 100,000 140,000 40,000
52 54tT7 Below Market RateAdmin (BHDC) 0 0 0 0 0
49' •5459 "Rebuilding„Together" Housing Rehab 31,260 60,429 45,000 45,000 0
+50 SiiFitotal'Homcownership/Rehabilitation 41,807 174;245 147,500. 1&7,500 40,000
51 Community Revitalization Programs
52 5453 McNear Park Senior Apts (REP) 24',304 0 0 0 0
53' 5468 NergFiliorhood Revitalization 91;143 18,157 87,300 0 (87,300)
,54 ;5470 Low/ModsDisasterRecoveryiProgram 357 0 20,000 0 (20,000)
55~ Subtotal Community Revitalization 115;804 18,157 107,300. 0 (107,300)
_
56 Ariministration!Psognms
57 8b~a Indirect ~,verhead 0 0 34,000. 3a,ooo 0
58 5401 Housing,P~ojects'Managemeht 151,946 145,125 260,300 284.800 29,500
59 SubtotaLAdministration 151,946 145,125' 294;300 323,soo 29,500
60
61 TOTAL EXPENDITURES. 1,497,932 2,243,836 4,496,400. 1.e20,6o0 (2,666,800)
62 Other (Sources) & Uses
63 Equity Adjustments :Park Ln, IH, Salishan (1,674) 31,336 0 0 0
65 - -
66 TOTAL EXPENDITURES B,ADJUSTMENTS 1,496;258 2,275',]72. 4,496,400 1,329,600 .(2,666,800)
67
68 ENDING FUNDS AVAILABLE 1,997,159 5;349,596 197;53E 6,183,737 ,5;986,201
69
ZO RESERVED:FUNDS
7,1 Mobile Home Rent Control 17,746 0 18,000 15,000 (3,000)
72 Reserve forLand Acquisitioh 0 0 0 0 0
73 Unspecifietl Housing Projects 1,979,413 0 179;536 6,166,737 5,989,201
74 -
75 UNRESERVED FUNDS AVAILABLE 0 5;349,596 0 0 0
7E_ -
77; Estimated'Ending Balance.jn Housing In-Lieu Fund 3,984;610 3,737,800 3,231,6v)
City-of~Petaluma; California -Petaluma Community. Development Commission
• ^3/18/2002 10:14 AM'PCDCFY2001-02MidYearFForecastRevised.XLS'PCDC detail 10
.~Q
DEBT SERVIEE`FUND
REVENUES&iEXPENDITURES; -
FY 2001-02 MID-YEAR BUDGET FORECAST
REVENUES AND EXPENDITURES BY PROJECT AREA FY 99-00 FY 00-01 FY 01-02 FY 01 -a2 Increase/
Actual Actual Budget Adjusted (Decrease)
DEBT SERVICE FUNDS -
REVENUES AND TRANSFERS IN
1 Beginning Reserves 775,663 621,840 112,449 1,a-i9.o34 1,336,585
2 Other Revenues 32,524 111,228 0' 0 0
3 Transfers in from Other Funds 714,498 2,992,412 2,395,400 2,395,400 0
4
5 TOTAL REVENUES AND TRANSFERS IN 1,522,685 3,725;480 2;507,849 3,844,434 1,336,585
6
7 EXPENDITURES, TRANSFERS;OUT 8 RESERVES
8
9 Debt Servii:e Payments 900;845 1,839;252 2,395,400 3,745,623 1,350,223
10' Transfers Out 4o 04herFunds 0 437;194 0. 0 0
11 ~`Defease~1984~TABs~ 0 0 0 0 0
12 Reserves for DebYService 621,840 1,449;034 112,449 93,811 (13,638)
13.
44: TOTAL.EXPENDITURES, TRANFERS OUT & RESERVES 1,522,685 3,725,480 2,507,849 3.844.434. 1,336,585
City of Petaluma, California- Petaluma Community Development Commission -
3[18/2002 10:14 AM PCDCFY2001-02MidYearForecastRevised.XLS PCDCdetail 12 -
DEBT SERVICE FUND'
REVENUES & EXPENDITURES
FY 2001-02 MID-YEAR'BUDGET FORECAST
REVENUES AND EXPENDITURES BY PROJECT AREA FY 99-00 FY 00-01 FY 01-02 FY 01-02 Increase/
Actual Actual Budget adjusted (Decrease)
DEBT SERVICE
1 BEGINNING DEBT SERVICE RESERVE 775,663 621,840 112,449 1,419.034 1,336,585
2
3 REVENUES AND TRANSFERS IN
4 Interest Earnings 32,360 10,518 0 0 0
5 Other Reveriue 164 4,209 0 0 0
6 New 20006 TAB Proceeds 0 96,501 0 0 0 -
7 TOTAL REVENUES 32,524 111,228 0 0 0
8
9 TRANSFERS IN 714,498 2;992,412 2;395,400 2,395,400 0
0
10 TOTAL REVENUES AND TRANSFERS IN 1,522;685' 3,725,480 ~ 2;507,849, 3,844,134 1;336,585
11
12 EXPENDITURES AND'TRANSFERS OUT
13
14 8608 1992A Tax Allocation Bonds 427,926 425,006 0 o 0
8623, 19t38'TAX ALLOCATION BONDS 0 0 0 0
8614 2001ATaxAllocation,Bonds 0 0 433,700 433,700 0
15 8607 1984 Tax Allocation Bonds (CBD) 135,422 0 0 0 0
16 8609 AD:#19 AutolPlaza (Public;lmp.) 116;474 119,175 124,000 124,000 0
17 8611 Auto Plaza^Note.(Benson Land Repay) 221,023 0 676,900 2027,123 1,350,223
18 8612 2000A'Taz Allocation Bonds (PCD) 0 1,136;282 1,112;20(, t112.200 0
19 8613 20006'Tax Allocation Bonds (CBD) 0 18,594 48,600 48,600 0
20 0000. 2004A Tax Allocation Bonds (PCD) 0 0 0 0 0
2.1 0000 2005A Tax Allocation Bonds (CBD) 0 0 0 0 0'
22 .8614 New TAB Cost of Issuance 0 140,195 0 0 0
23 TOTAL EXPENDITURES 900,845 1,839;252 2,395,400 3,745,623 1.,350,223
24
25 TRANSFERS:OUT 0 437,194 0 0 0
26 TOTAL EXPENDITURES AND TRANSFERS OUT 900,845 2,276,446 2,395,400 3,715,623 1,350,223
27
28 DEFEASE 1984 TABS 0 0 0 0 0
29
30 ENDING FUNDS AVAILABLE 621,840 1,449,034 112;449 98,811 (13,638)
41
32 RESERVED FUNDS
' 33 For1984 Bond 129;402 0 0 0 0
34 For 1992 Bond Refunding 463,854 0 0 0 0
35 For New TAB Bonds 28,584 1,449,034 112,449 98,811 (13,638)
36
37 UNRESERVED FUNDS AVAILABLE 0 0 0 0 0
City.df.Petaluma, California -Petaluma Community Development Commission
. 3/18/2002 10:14 AMRCDCFY2001-02MidYearForecastRevised.XLS PCDC detail 13