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HomeMy WebLinkAboutPCDC Resolution 2002-04 04/01/2002 RES®I.iJTION 2002-04 of the Petaluma Community Development Commission APPR®VING ADJiJST1VIENTS T® FY 2001-02 PCDC PiJDGET WHEREAS, on April 1, 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, LET IT BE RESOLVED, that the Petaluma Community Development Commission hereby approves and adopts adjustments to the 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 lsr day of April, 2002, by the following vote.: Commissioner Aye No Absent Abstain O'Brien X Torliatt X Cader-Thompson X Maguire X Moynihan X Vice Chair Healy X X (page 16, line 18) Chair Thompson X r Mike Healy, ice Chair ATTEST: Claire Cooper, Re ording Secretary Rich rd Rudnansky, Cit Att rney Attachment II Y 2001-OZ PCDC laid-Fear Financiai F'o~ecast (Explanation of Adjustments & Line-Item Detail) ,j. Page 5 FY 2001-02 PCDC Mid-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 Froiect-Area Fund'.(901): • FY 200.1-02 Beginning Fund Balance & Reserver After the completion ,of the annual, audit, 'the FY 2001-02 Beginning Fund Balance was -$82,704 and.the~B`egiruling Reserve for FY 200.1-02 was zero. • Property Taxes:- Property Taxes are accruing at a higher rate than originally anticipated. The year-.end projection assumes an additional $21,100 on an adopted budget of $503,900: • Project Administration: An additional $59,000. has been added to a adopted budget of $78;000 to account for a.higher .allocation for: General. Plan Administration. Also; a portion.. of the ACM retirement. costs is included for a total; increase of $69,000. • Indirect. GostS: No change. • SB-2557 Colleefion Fees: Fees will decrease by $1,73T. • Keller Street.. Garage,; Phase II: A delay in construction is anticipated due to the need .for- additional architectural and eiigineerirg 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 n.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 &.1Vloderate Income Housing Fund (903) • 111terfund Loan:: Aline item °is reflected in the. budget to account ;for the loan from, the PCD Proj ecf' Area Fund..- 902. The loan is lower. fihan. 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.Proiect 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. Implementation Plan". ® 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 :actua'1, This is an .increase of $2,177,850 :from. $7,332;231 to $9;510;081.. Please note that due to accotulting changes elinZi;nating the 20% set-aside from the tax increment figures in this fund,; the:clange is not readily seen in the historic financial trend. • Interest Earnings: Interest earnings,.. budgeted- at $SSO,O:OQ; are. lower than anticipated by $1-SQ;000: • Project Adrniustration: An additional, $1Q,000 has been. added to an appropriation of $168,550 to account for a portion of the ACM retirement, costs, • SB 2:557 Collection Fee: The fee is estimated to decrease'by.$37,70:0 based on prior' year actual- data, • General. Plan 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, • lizdirect Costs: No change. Page 6 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 U1-02 Increasel Actual Actual Budget Adjusted ~ (Decrease) DEBT SERVICE 1 BEGINNINGpEBTSERVICE RESERVE 775,863. 621,840 112,449 7,4aa,osd ` 1,336,585 '2 & REVENUES AND TRANSFERS IN 4. Interest Earnings; 32,360 10,518 0 n 0 ~.5 Other Revenue 164 4,209 0 - - o . _ 0 6 New20006TA8 Proceeds 0 96,501 0- - o- 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 3,841,Q34 1,336,585 11 ~ - - 12 EXPENDITURES AND TRANSFERS OUT 13 14 8608 1992A Tax Allocation Bonds 427,926 425,006 0 0) 0 8623 1988 TAX ALLOCATION BONDS 0 0 - u ` 0 8614 2001A Tax Allocation Bonds 0 0 433,700 43J,70U 0 15 8607 1984 Tax Allocation Bonds (CBD) 135,422 0 0 0 0 16 8609 AD #19 Auto Plaza.(Public Imp.) 116;474 119,175 124;000, 124,Oi)o,; 0 17 8671 Auto. Plaza Note (Benson Land_Repay) 221,023 0 676;900 ~ - 2,02T,1~3 ~ 1,350,223 18 8612 2000A TaxAllocation Bonds (PCD) 0 1,136,282 1,112;200 ~ 1;112,ZVV~ 0 19 8613 20008 Tax AllocationBonds(CBD) 0 18,594 48,600, - 48,6t)o 0 20 0000 2004A Taz Allocation Bonds (PCD) 0 0 0 o 0 21 0000 2005A Tax.Allocation Bonds.(GBD) 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;745,62)-' 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 3,745,623 1,350,223 27 - - 28 DEFEASE 1984 TABS 0 0 0 0- 0 29 30 ENDING FUNDS AVAILABLE 621,840 7,449,034 112,449 os,g1 t (13,638). 31 - 32 RESERVED FUNDS 33 For 1984 Bond 129,402 0 0 0,.; 0 34 ~ For 1992 Bond Refunding 463,854 0 0 0 . 0 35 For NewTA6Bdnds 28,584 1,449,034 112,449 9e,811 (13,638) 36 37 UNRESERVED FUNDS AVAILABLE 0 0 0 - - 0' 0 City of Petaluma, California -Petaluma Community Development Commission C 3/18!2002 10:14 AM PCDCFY2001-02MidYearForecastRevised.XLS PCDC detail 13 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 i Fl',0~-02 Increase/ Actual Actual Budget' adjusted t (Decrease) DEBT SERVICE FUNDS REVENUES AND TRANSFERS IN 1 Beginning Reserves 775,663 621,840 112,449 t,4-tq,u3.1 1;336;585 2 OtlierRevenues 32;524 111,228 0 _ o ~ 0 3 Transfers in from Other Funds 714;498 2;992,412 2,395,400 2;345,400 ! 0 4 5 TOTAL REVENUES AND TRANSFERS IN 1,522,685 3,725,480 2,507,849 ' 3,944,434 1,336;585 6 7 EXPENDITURES, TR_AN_SFERS OUT R RESERVES 8 9 Debt Service Paymenjs. .900,845 1,839,252 2,395,400 3,74`,.623 1,350;223 '10 T~arisfers OuGtoAthecFunds 0 437,194 0 0 0 11 Defease-1984 TABS 0 0 0 n 0 12 Reserves for DebtSer4ice 621;840 1,449,034 112,449 9ft,ni1 (13,638) '13 '14 TOTAL EXPENDITURES, TRANFERS OUT 8 RESERVES 1,522,685 3,725,480 2,507,849 J,844,434 1,336,585 Cdy of.Petaluma, Callfornla -Petaluma Community, Development Commission - . 3N 8!2002 1d:-t4 AM~RCDCFY2001-02MidYearForecastRevised.XLS PCDC detail t2 LOW & MODERATE INCOME HOUSING FUND REVENUES & EXPENDITURES FY 2001-02 MID-YEAR BUDGET.`FORECAST REVENUES AND EXPENDITURES BY PROJECT AR64 FY 99-00 FY 00-01 FY Ot-02 P. o t-o2 Increase/ Actual Actual Budget I Adjusted (Decrease) 39 _ 40 ~S~n o~r¢P~ofectslP~ogra s - 4l) 54314 Vallejo Streef Phase II (PEF) 0 0 0 0 0 41 5444 Mobile Home Rent Control 65 40 2,000 S,0a0~ 1,000 42 5475 Buckelew Programs 0 D 150;000 0 (150;000) 41 5450 'SalishanApartments 0 0 0 n 0 43 5466 Ediih St. Senior Apts(PEP.) 84,203 27,449 0 u '0 44 5471 Vintagr4 Chateau Public.Improvements 0 0 0 d 0 44 5474 DouglasStreetSenior Proji:ct (PEP) 0 55,401 535,000 ~ 250,000 (285,000) 45 Subtotal Senior Projects 84,268 82,890 687,000 251;000 (434,OD0) as; Jiomeowners_hlplRehabil!~ta~t~o~on~`rografns 48 5429 Wisteria (tJEH) 0 0 0 0' 0 4Z 5437 .Mortgage Certificate Program 0 0 2,500: 2,5.00 0 50 5438 'URM UM Income Housing Rehab 0 . 0 0 0 , 0 48 5440 Facility Maintenance & Rehab 111,547 113,816 100;000 ~ 140,000 40,000 52 5467 Below Market Rate Adnin{BFIDC) 0 0 0 ' o ~ 0 49 5459 "Rebuilding Together" Housing Refiab 31,260 60,429 45;000 ( 45,ooo.a 0 50 Subtotal Homeownership/Rehabilitation 41,807 174,245 147,500: 187:560:a 40,000 51 Community Ffevt"tahia_t o ~ 52, 5453 McNearPark SeniorApts (PEP), 24,304 0 0 0 0 53 5469 Neighborhood Revitalization 91,143 18,157 82,300 0 (87;300) 54 5470 Low/Mod Disaster RecoveryyProgram 357 0 ';20;000 U (20,000) 55 Subtotal Community Rr4itali;ation 115,804 18,157 107,300 0 (107,300) 5s ~Admtrist~ratton P grams _ _ '''3 57 8539 Indirect Overhead 0 0 34',000 :11,000 0 58 5401 Housing Projects Management 151,946 145,125 2(30;300289.SOO 29,500 59 SotitotaLAdministration 151,946 145;125 294;300 3z3,S00 29;500 60 F-. 61 TOTAL EXPENDITURES 1,497,932 2,243,836 4,496,400 ' 1,829,600. (2,666,800) 62 Other (Sources) & Uses - 53 Equity Adjustments :Park Ln, IH, Salishan (1,674) 31,336 0 , 0 ' 0 35 - - 36 TOTAL EXPENDITURES & ADJUSTMENTS 1,496;258 2,275,172 4,496,400 ~ 1,s2s,6oom, (2,666,800) i7 i8 ENDING FUNDS AVAILABLE 1,997,159 5,349,596 197,536 , f,,tA3,737 5,986;201 i9 TO RESERVED FUNDS 71 Mobile Home Rent,Control 17,746 -0 18,000 15,000 (3;000) 72 Reserve for Land Acquisition 0 0 0 0' 0 73 Unspecified Housing Projects 1,979,413 0 179,536 6,1eG,. s7 5,989,201 74 75 UNRESERVED FUNDS AVAILABLE 0 5;349,596 0 0 0 ~g = - '7 Estimated Ending Balance in Housing1n-Lieu Fund 3,984,610 3,737,800: 3,2~,s]o City of Petaluma, California -Petaluma Communitybevelopment Commissiori -3/18/2002 10:14 AM PCDCFY2001 -02MidYearFOrecastRevised.XLS PCDG detail 10 LOW & MODERATE INCOME HOUSING FUND .REVENUES & EXPENDITURES FY 2001-02 MID-YEAR BUDGET FORECAST REVENUES''ANDEXPENDITURESBYPROJECTAREA FY 99-00 FY 00-Oi FY 01-o2 Fvoi-o2 Increase/ Actual Actual Budget Adjustrd (Decrease) LOW/MODERATE.INCOME' HOUSINGFUND 1 Beginning Reserves for Projects 15,846 ~0 18,000 .4,208.582 ~ 4;]80,582 2 Beginning Furids.AGailable 2,140,404 5,812,774 1,736,547 1,141.014 (595,533) 3 4' REVENUES 5 Inyes[mentlnterest 157,248 149;274 11q;000 5 000 (35,000) 6 Mobile Home.Rent Control'Admin 1,875 0 1,950 1,950 ~ 0 Charges;focServices 0 15,160 0 0~ 7 Ihtergovemmental Revenue 37;914 51,751 0 v 0 7a 20:/ Set-Aside: 0 0 0 1;1323291' 1,823,291 8 O[herRevenue 13;4110 102;469 13,500 ia,soo'' 0 9 TOTAL REVENUES 210;517 318;654 125,450, - 1,913,741 ~ 1;788,291 10 11 TRANSFERS IN 12 FrorrrPCDC Project-Areas 1,126,650 1,493;340 1,684,421 0 " (1,684,421) ''13 From City Housing'1n=Lieu Fund 0 0 1,129,515 i 50,000 ^ (379,518) ~14. TOTAL.TRANS_ FERSIN. 1,126,650 1,493,340 2;813;939 750.uuo (2,063,938) e .15 SOTAL.REVENUES'& TRANSFERS~IN 3,493;417 7,624,768 4,693;936 ''8,013,337 3,319;401 16 EXPENDITURES 17 Holnelessness,~(Pre a ~on Stielt?r ServicES) 18 5412 Rental Assrstance.P.rogram (PPSC) 0 25;1J00 25,000 s ~`;,OOO'~ 0 19 5417' Singles+Shel[er _Program (COTS) 43,909 52;137 0 - o ; 0 20' 5425. Mediation assistance Podl (PPSC) 78;302 92;000 95,000 PS,OBO 0 21 5436 Family StielterProgram/Mairit'(COTS) 286,716 444;186 226,400 226,400 ' 0 23 5443 'Nousingpppdrtunity Site Acq (BH) 826 0 0 0 0 24 5456 'Homeless Shelter/Opportunity Center 153,786 161,514 292,000 292,oat)' 0 ZS 9725 Opportunity Ceriter Facility- UST Monitor 24,015 29,620 25,000 25,000 0 26 5482 Rehab,Do~m (COTS) 0 p 0 0.~ 0 27 5457 Armory, Facility'SetAside 8;862 20;078 1,000,000 S;DOO~j (995,000) Z8 :Subtotal Homelessness 595;8.16 624;515 1,663,400 ; 5b9 aoo ' (995;000) zs a s~tio~nal F~ous+ng '=r 1 - , 30 5468' Transitiorial Hou in r r'.i~li{SAFlO.ta) 49_;319 69;854 60,000; 60,000 ~ 0, 31, 5445` Supportive.Share-~i I I~using;(COTS) 0 8;482 2;500 7,500 ~ p 32 Subtotal Transhonol Hwsin9 49,317 78;336: 67..100 67,500 0, 33 tFam~ly;yRental,Rroj~ts' _ - _ ° 34 5432'' OId,EIm,Village t6H) 378,021 27;823• 0' 0 ' 0 35, 5476 Boys;.& Girls Club 0 0 100;000 100,000.' p' i6 8550, Low/Mod Existing Housing Support 19,554 28,051. 49;400 29,400 p i7 5465 CF;SP`Area Housing (EDEN) 61;399 1,064,694 1,400,000 zoo,noo ' (1,200',000). ~S, Subtotal EamilyRentals 458,974 1,120,568 1,529,400 ' 329,aQ0 ' (1,260,000) Cdy of Petaluma, California -Petaluma Community Development Commission f 3/18/2002 10:14AM-PCDCFY2001-02MidYearForecastRevised.XLS PCDC detail 9 LOW & MODERATE INCOME-HOUSING_FUND REVENUES & EXPENDITURES~~~ FY 2001-02 MID-YEAR BUDGET FORECAST REVENUES AND EXPENDITURES BY PROJECT AREA FY 99-00 FY00-01 FY Ot-02 FY 0'1-02! - Increase/ 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 4,20¢,5¢2 4,190,582 4 Beginning Projects Available 2,140,404 5,812,774 1;736,547 i,i4i,oi,i' (595,533) 5 Other Revenues 210,517 318,654 125,450 90,450 " (35,000) 5a 20%.Set-Aside 0 0 0 ~ 1,¢23,291 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 6 TRANSFERS IN 3,493,417 7,624,768 4,693,936 ¢,013,337 ° 3,319,401 8 '9 EXPENDITURES 8 TRANSFERS OUT 10 11 Project Administration 151,946 145,125 294;300 323,¢00 29,500 12 Projects 13 Homelessness (Prevention, Shelter,Services) 595,816 624,515 1,663,400 - ~EGII;40D - (995,000) 14 Transitional Housing 49,317 78,336 67,500 si,snn,=; 0 15 Family Rental Projects 458;974 1,120;568 _ 1,529,400 32y,aao ' (1,200,000) 16 Senior Projects/Programs 84,268 82,890 687,000 253,000- (434,000) 17 Homeownership/Rehatiilitailon Programs 41,807 174,245 147,500 " 197,SOO 40,000 18 Community Revitalization Programs 115,804 18,157 107,300 , o (107,300) 19 TotaFProjeds 1,497,932 2,243,836 4,496,400 k- 4,s29,sao , (2,666,800) 20 Transfers (In) Out for Loans/Adjustments (1,674) 31,336 0 o i 0 21 I 22 Reserves for Future Projects 23 Mobile Home Rent Control 17;746 0 18,000 15,0¢0 ' (3;000) 24 Reserve for Land Acquisition 0 0 0 0 3, 0 25 Unspecified Housing Projects 1,979,413 5,349,596 179,536 _ s;ise,737 5;989,201 ' 26 i - 27 TOTAL EXPENDITURES, TRANSFERS OUT 3,493,417 7,624,768 4,693,936 ' ¢,013,337 3,319,401 28 8 RESERVES 29 30 UNRESERVED FUNDS AVAILABLE 0 5,349,596 0 0:;, 0 City of Petaluma, California -Petaluma Community Development Commission' 3/18/2002 10:14 AM PCDCFY2001-02MidYearForecastRevisedXLS PCDC detail 8 COMMUNITY DEVELOPMENT PROJECT AREA REVENUES & EXPENDITURES FY 2001-02 MID-YEAR BUDGET FORECAST _ REVENUES AND EXPENDITURES SY PROJECT. AREA FY99-00 FY o0-01 FY 01-02 Fl' (ii-o2 Increase/ Actual Actual Budget Adjrist~~d ; (Decrease) 71 72 TRANSFERS OUT ' 73 74 Transfers to Low/Mod Housing Fund 903 1,033,103 1,395,572 1,490,400 0 - (1,490,400) 75 Transfe_ rsoutto Debt Service Fund 904 76 Tax Allocation Bonds (1992A) 298,015 391,549 . 0 0 0 77 Surety for 1992A TABs (In lieu of Reserve) 0 0 0 0~' 0 77 Tax Allocation Bonds (2001A) 0 0 433,700 ; 433,7o0gy, 0 78 Tax~Allocation Bonds-(21704) 0 0 0 0 0 79 Tax Allocation Borids;(2000) 0 1,130;976 _ 1,112,200 `-1,112,2DU 0 80 AgreemenfObligations(AD19 &Benson) . 333,529 1,469;3.98 800,900 9oD.9oo 0 8,1 Transfers Out-to TransienLOccuparicy Tax.Flind' 82 Economic Developmentlfourism Promotiomvia PV 0 0 300;000 ' 300,000 0 83 Transfers0uttd'TraffidFund - 84 McDowell/E, Washington Widening 0 l7 1,300,000 0 (1;300;000) 85 Transfers Out to Marina F.lirid!607 86 Operations/Detit Service"Shortfall 52,500 52,500 0 u 0 87 Marina'Dredging D 0 0 0 0 88 Transfers Out toStorm Drain Mitigation Fund Zi0 89 Payran,Reach Flood Management Project 4,887;179 0 0 0 0 90 Tuming'Basiri Dredging 0 0 0 0 0 ,91 Transfers Outao:CBD'Fund 901 0 0 0 0 0 92 Subtotal7ransfers;0ut 6,604,326 4,439,995 5,437,200: 2,646,3[70' j2;Z90;400) :93 Ihterfund Loan to CBD Fund 901 118,000 .0 0 0 0 94, TOTAL:EXPENDITURES AND TRANSFERS OUT 10;260;622 `7,240;925 10,228,000 9,043,579 _ (2,179;421) - IT 95 ENDING'FUfJDS AVAILABLE 11;591,436 15;329,501 9,857,553 15,431,090..E '5;573;537 ' - .::'r 96 RESERVED,FUNDS 97 Interfund Loan to CBD Project Area. (901) 0 0 3,107,400 1,749,547 ' (1,357,803) 99 Reserve for Corona;Reach SpecificPlan 0 0 0 0 0 00 Reserve for Payrart Reach Flood Project -6,800,000 0 0 0 ' 0 0,1 Reserve for Projects;in the "5-Year Implementatior 0 0 0 . o,.~ 0 . 02 Reserve for Contingiencies 0 0 50,000 i 50,000 0, ~03 04 UNRESERVED FUNDSAVAIL'ABLE 4,791,436 15,329;501 _ 6,700,153 12,e,i,4~ii 6,931;340 05 - b6 CUMULATIVE INTERFUND LOAN TO CBD FUND 901 116,000 82,704 3,476,053 .1',,'49_97 (1,726,457) Cttyof Petaluma;,Galifornia -Petaluma CommunityDe4elopmenfGommission r. . 3/18/2002 10:14 AM PCDCFY2001-02MidYearForecastRevised X~S'PCDC detail 7 COMMUNITY DEVELOPMENT PROJECT'AREA REVENUES & EXPENDITURES FY 2001-02 MID-YEAR BUDGET FORECAST 41 REVENUES AND EXPENDITURES BY PROJECT AREA FY99-00 FY 00-01 FY 01-02 FY ili-02 Increase/ 42 Actual Actual Budget Adjusted : (Decrease) 43 44 Pedestrian Envi~onmerit .5.: _ - 45 ~~RedevelopmenLimpro~en~erits 0 0 0 A- 0 46 8510 Main Street Improvements 0 0 0 0 0 47 9826 Petaluma River/Trails Enhancements 0 0 375,000 37 5,000 0 48 8515 Tree Maintenance&Watering 18,175 38,530 100,000 100,000 ' 0 • 49 9936 Putnam Plaza Ped Crossing 0 0 0 6 _ 0 50 Sutitotal'Pedesfrian Environment 18,175 38,530 475,000 a75,Ori0 r 0 - 5t ~Pubiic.lmprovements 52 9724~FIoodControl ImprovemenLProject 0 0 0, 0 0 ,53 9023 Gateway Landscaping;& Capital Improvements 0 0 100,00.0 ` 100,000. 0 54 9013 Klaas'Center:;Renovations 0 0 0 0` 0 '55 Subtotal'Puliliclmprovements 0 0 100,000 .100,000. 0 56 ,Economic Revifahzatioii 57 5119 Economic Development Promotion 0 5,000 5,noo„ 0 58 5452 Central Petaluma Specific Plan 39,278 20,668 178,000 ' 22,4,000 ' 50,000 '58 8518 Land Use Study - No. McDowell/ORH 0 0 0 0 ' 0 59 8519 Corona Reach Specific Plan 213,447 0 0 0 0 60 8526 LOK Petaluma Marina HoteI:OPA 0 0 750,000 750,000 0 61 8530 Auto'PlazaProjec[ 1,132 1,220 2,000 r• 2,OOU~ 0 82 8609 Assessment District #19 Auto Plaza 0 0 0 0 0 62 9992 CBD Property Acquisition 0 0 0 0~ 0 63 SubtotaLEconomic Revitalizafion 253,857 21,888 935,00-! 485,000 50,000 ° s4 Pasathroughs/L'oan~lintere's'~~ y~ ~ 65' 8507~ Passthrough Payments to ethers 1,894,338 2,289,335 2,526,250 3,0II5,529 559,679 • 66~ X8514 Payment,ofLoanlnterestto.Fund903 59,518 0 -0 p' 0 ' 67 -8540 PCOC Loans & Assessments 31,866. 23;870 25,000 , 25,uDO ~ 0 68 Subtotal:P„assthroughs/Loans/Interest 1,985,722• 2,313;205 2,551,250 3,1J0,92U.i 559,679 69 ~ ~ ZO TOTAL EXPENDITURES 3,540,296 2,800,930 4,790,800 - 5,401,779,. 610,979 i . City of Petaluma, California -Petaluma Community Development Commission 3/18/2002 10:14 AM PCDCFY2001-02MidYearForecastRevised.XLS PCDC detail 6 COMMUNITY DEVELOPMENT PROJECT AREA - "REVENUES & EXPENDITURES FY 2001-02 MID-YEAR BUUGET~FORECAST REVENUES AND EXPENDITURES BY PROJECT AREA FY 99-00 FY 00-01 FY 01.-02 F'T'Ci~=O^ ~ Increase/ Actual Actual Budget Adjristed - (Decrease) COMMUNITY DEVELOPMENT PROJECT AREA 1 Beginning Reserves".for Projects 238;346 2,009,753 6,850,000 c1 ; (6;850,000) 2 Beginning Funds Available (2;128;403) 11,591,436 5,233,553. 15,329,50;1 10,095,948 3 4 REVENUES 5 3100 Property Tax Increment 5;580,074 7,332,231 7,452;000 7,750,169 298,168 6 3500 Interest:Ea{Wings 137,041 1,003;995 .550;000. 400 00.0 (150,000) ' 7 3600 Miscellaneous Revenues 25,000 105;000 0 ~ 0 0 8 3700 Property'Oweers Contributions 0 61,412 0 ~ am 0 '9 TOTAL,REVENUES 5,742,115 8,502";638 8,002,000 8,1 0,16,5" 148,168 10 ~ 11 TRANSFERS"IN: 12 Gross2000 Bond Proceeds 16,000,000 59,241 0 0 _ 0 13 Nef2004 Bond Proceeds 0 0 D p p 14 Interest;'on,Detit:Svc Reserve D 0 0 0 0 15 Proceeds of'1992'Bond,Reserve 0 407,358 0 0 0 '16 Transfer In~From Storm'DFain Fund 210 0 0 0 0 0 '17 TOTAL TRANSFERS IN 18;000-,000 466,599 .0 U 0 it3 TOTAL REVENUES AND TRANSFERS IN 21,852,058 .22,570;426 20,085,553 25, 174 nti9;~ 3,394,116 19 20 EXPENDITURES. ' - 21: =Admiriisiratiori 22 8505 Pro/ectAdministration 112,661 164,720 168,55D 179,SSO 10;000 23 8509 Cost of Issuaece;fod2000 TABS 717;470 158 0 - " o i 0 24: 8508 PCD Plan Ameridmerit',(SeifeG#4) 58;524 14,486 0 0 0 25 8513 PCD TAB Fiscal Svc§ (Seifel #3) 1.1;392- 1,776 0 0 : 0 26 8538 SB-2557 CountyCollection Fee 110;637 102;954 167,700 110,000 (37,700) 27 8525 Marina,;Hotel Study 69;136 20,106 p pa` 0 28 8531 Proj Area Alternatives Analysis (Seifel#2) 7;267 534 0 0 " 0 29 9990 General Plan Update 0 0 127,000. 186,000 b9_,000 30 8539 City Indirect Overhead 150,200 52,050 186,300 186,000 p 31 Subtotal'Admmistration 1";237;287 356,784 649;550 r,80 esu,~ 31,300 32 ~DOWn~Otvtt _ _ - 33 8512 UI ~.1 I n,j ;i 45,255 0 80;000 50,000- (30,000), 3,41 8517 Petalw n , C i Mown Assoc: 0 D D ; 0 35, ~ Subtotal Uov. mown 45,255 0 80;000 50,000 - (30,000) - 36• Circulation and:PSrkind 37" 9528 Freeway'Over'crossing/Interchange 0 0 0 0 0 48 9845 .Lakeville;Highway,lmprovemerits 0 0 0 0-_ 0 )7' 9014. Corona Road Highway Improvements 0 70,523 0 p 0 l0 9848 "Old Redwood Highway Improvements 0 0 0 0 0 IS 9999 Circulation Improvements 0 0 0 0 0 19 9891 Telephone;Alley 0 0 0 _ D~ 0 '0 SubtotaLCirculation and PaFking 0 70,523 0 9 i 0 Cily of Petaluma, California - Petaltima;CommunityDevelopment Commission 3/18/2002'10;14 AMPCDCFY2001-02MidYearForecastRevised.XLS.PCDC.tletail5 COMMUNITY DEVELOPMENT PROJECT AREA REVENUES ~ EXPENDITURES FY 2001-02 MID-YEAR BUDGET FORECAST ;,r REVENUES AND EXPENDITURES BY PROJECT AREA FY 99-00. FY 00-01 FY 01-02 FY D1=o2 Increase/` Actual Actual Budget ndjusted (Decrease) REVENUES AND TRANSEERS'IN - 1 Beginning Reserves 238,346 2,009,753 6;850,000 o (6,850;000) 2 Beginning-Funds Available (2,128,403) 11,591,436 5,233,553 15,329,SO1' 10;095,948 ' 3 ProperlyTax`IncrementRevenue 5;580,074 7,332,231 7,452,000 7,75o,iss 298;168 4 Other;,Revenues 162,041 1,1717,407 550,000 ~SOU,000 (150,000) 5 Transfers In: 2004A Tax Allpcation Bond Proceeds 0 0 0 0 0 6 Transfers; Iri: 2000A Tax Allocation Bond Proceeds 18,000,000 59,241 0 0 0 7 Other Transfers In 0 407,358 0 9-? 0 8 TOTAL REVENUES AND'TRANSFERS IN 21,852,1)58 22,570,426. 20,085,553 23,479,51;9 + _3,394-,116 9 10 EXPENDITURES AND TRANSFERS OllT 1.1 Administration 1,232,287 356,784 649,550. '680,850 31,300 12 Projects 13 Downtown:' 45,255 0 80,000 - ..50,000 (30,000) 14 Circulation and Parking 0 70,523 0 0 0 15 Pedestrian Environment 18,175 38;530 475,000 _ 475,000' 0 16 Public Improvements 0 0 100,000 ioo,o0a 0 17 Economic Revitalization 253,857 21,888 935,000 ~ 9as,ooo 50,000 ' 18 Passthroughs, Loans 8lnterest 1,985;722 2,313;205 2,551,250 3,110,920 559;679 19. Transfers Out to Other Funds 20 Transfers Out (Loan) to,CBD Fund 901 116;000 0 3;107;400 1,749;697 = (1,357,803) 21 Transfers Out,4o Housing Fund 903 1;Q33,103 1,395,572 1,490;400 '0 ' (1,490,400) 22 Transfers Out to Detit Service:Fund:904 631,544 2,991,923 2,346,800 2;345,FDD ; 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.Fund210 4,887,179 0 0. o.: 0 25 Transfers Outto Marina Fund 607 52,500 52,500 0 0 0 _ 26 Reserves for Future Projects 6,800;000 0 50,000 ~ So,ot)0 . 0 27 TOTAL EXPENDITURES, TRANSFERS OUT 17,060,622 7,240,925 13,385,400 s,e4& 1 -6., (3,537,224) 28 & RESERVES 29 30 UNRESERVED FUNDS AVAILABLE 4,791,436 15,329,501 6,700,153 13,531;4948 6;931,340 - e City of Petaluma, California -Petaluma Community Development Commissiori 3/18/2002 10:14 AM PCDCFI'2001-02MidYearForecastRevised.XLS PCDC detail 4 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 01-'•D2 - Increase/ Actual Actual Budget Adfus[cd (Decrease) 3i ~Circtlat~on ind I'irktiy = 32 8511 Parking C ~ ieiLO[,Maintenance. 39,751 28,491 128;000 129 pOU,;i 0 33 9725 UndergrounJ Tarik Monitor 1,779 2,002 0 U 0 34 9891 Riverwalk Improvements°- Putnam Plaza 0 0 0 _ o ~ 0 35 '9993. Parking Garage Improvements 0 0 325,000 ioo,uuo (225;000) 36 Subtotal Cirrulahon and Paiking 41,530 30,493 453,000 228A110 (225;000) - - - a 37 ~Ped Sttr~ian Ertvlro0_t~ nt~ '38 8515 Downtownlmprovemeiitc 0 0 1,8(70;000 s0,93o (1;260,670) 39 9016' Cent.,Pet. Specific Plan Implementation 0 0 200,000 ~ . 2oU,uoo ' 0 , 40 9292 Riverwalk Improvements 0 0 500;000 i SOO,o OO~ 0 41 8516 Plaza Restroom Maintenance 2;197 4,630 7,0.00 7,U00~; 0 42 Subtotal'PFdnat~ian'Envirenment 2;197 4;630 2,507,000 1,2tP l ln~ 1,260,670 43 xLoans/lnterest/,Credits 44 8507 Passthrough Pay ments;to Others 0 0 0 ox 0 "45 8551 Storefrorit Improvement Loan Program 0 0 200;000 ' 20U,000 ~ 0 48 8510 CBDLoans & Assessment Credits 37,080 38;441 38;50 _ 3s,5pL. 0 47 Subtotal Loans/Interest/Credit5 37;080 38;441 238;~~01~ -.238,50©, - 0- 48 49 TOTAL,EXPENDITUR_ES 370,974 347;660. 3,538;400 2,09 a,7 g3 (1,438;607). 50 51. TRANSFERS OUT - ' 52 Transfers out to Low/Mod',Housing Fund 903 93;547 97,768 100;800 p ' (100;1300) 53 Transfers outto,GemFundforFoot"PatrolServices 25;000 25;000 25,000 25,000, 0 54' Transfers out to Debt Service: 1984 TAB 82;954 0 ~0 0 0 !56 Transfers out to:Debt Service:. 2005A:TA6 0 0 0 0 , 0 S7 Transfers ouC'to;DebtSe[vice: 20008 TA6 0 489 48600 4N,6buy~ 0 'S8' :Subtotal Transfers Out 201,501 123,257 174,400 79.50u (100,800) 59 80 TOTAL EXPENDITURES 8 TRANSFERS OUT 572,475 470,917 3;712,800 2;173 a92 (1;539,407) 61 INTERFUND LOAN FROM'PCD PROJECT AREA (902j 114,645 82,704 3,107,400 1,749,59.7 ' (1,357,803) 62 63 ENDING FUNDS AVAILABLE 0 t)' 20;000 2U,oUU 0 56 Reseryed'Funds: Loan'Repaymerrt to Fund.902 0 0 0 u 0 57 Reserve',for Future~Land Acquisition 0 0 p p_ p ' 58 Reserve for URM Reimbursements' 0 0 0 0 0 64 Reserve,forContingencies' 0 0 '20,000 2o,a0o' 0 65 66 B7 UNRESERVED FUNDS AVAILABLE - 0 0 -0 U 0 l38 - 69 Cumulative Interftind Loan'From;PCD Project Area Fund 9( 114,645 82,704 .3,476,053 1,74~,ss; ; (1,726,457) Cityrof Petaluma, California -Petaluma Commundy Development Commission - 3/1 S/2002 10:14 AM PCDCFY2001-02MidYca~FotecastRevised.XLS FCDC detail~3 CENTRAL BUSINESS DISTRICT PROJECT AREA REVENUES AND EXPENDITURES ` `FY 2001-02 MID-YEAR BUDGET FORECAST REVENUES AND EXPENDITURES BY PROJECT AREA FY99-00 FY 00-01 FY 01-02 ~ ~ DD 11~~ Increase/ Actual Actual Budget ~ Adjustwf ` (Decrease) CENTRAL BUSINESS DISTRICT PROJECT AREA 1 Beginning Reserves for Projects 0 0 20,000 D (20,000) 2 Beginning Funds Available (22,960) (114,644) 0 (82,704)"; (82,704) 0 3 REVENUES D 4 3100 Property Taz Increment 467;732 485;028 803,900 425,000 (78,900) 5 3500 Interest Earnings 7,758 4,438 1,500 ' , 1,800 ` 0 6 3600 Miscellaneous Revenue 212 365 0 'D~ 0 7 3700 Parking Lot Revenue 5;088 11,095 100;000 1DD,000~ 0 8 TOTAL REVENUES 480,790 500,926 605,400 52G,500 (78,900) 9 10 TRANSFERS!IN 11 Transfer in Net Bond Proceeds 2005 TABS ~ 0' 0 - 0 - ~ 0 ~ 0 12 Transfer In 0 1,931 0 O;~j 0 13 14 TOTAL REVENUES ANDTRANSFERS IN 457,830 388,213 625,400 ' 413,79G'e (181,604) 15 16 EXPENDITURES 17 rAdministrattoii 18 S505µ Projed~Administration 7,299 67,684 78;000 - 147,000 ~ 69,000 19 8508 CBD Plan Amendment (Seifel #1) 38;208 104,034 5,000 ~ 5 000;; 0 20 8538 SB-2557 Co. Collection:Fee 9;602 8,935 11,300 n,~s3 ~ (1,737) ' 21 8539 Indirect Overhead 20,400 14,261 25;200 S,o00 (20,200) 22 Subtotal Administration 75;509 194,914 119,500 1PGSfi' 47;063 23 Dow~taxn _1 - ~ 106;769 3,613 125,000 1z5,ooD`=r . 24 8512 URM Pro'ed p 25 8517 Petaluma Downtown Assoc. 98,247 73,936 70,000 ' i o.ouD ~ 0 - 26 8518 Special Projects 27 Downtown Security 9,642 1,633 15,000 Y 15,060 0 28 Sidewalk'Maintenance 0 0 10,000 iD,DDD : 0 29. Summer Youth Work Program 0 0 400 4n0 ' 0 30 SubtotaLDowntown 214,658 79,182 220,400 ' zzo;4oD ~ 0 City of Petaluma, California -Petaluma Commurnty Development 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. FY89-00 FY 00-01 FY O4-02 0 -U2 Increase/ Actual Actual BudgeR - AiJjistecl , (Decrease) CENTRAL BUSINESS DISTRICT PROJECT AREA REVENUES AND TRANSFERS IN 1 Beginriing'Reserves focProjects 0 0 20,000 0 (20,000) 2 Beginning Funds Available (22,960) (114,644) 0 (82,704{; (82,704) 3 Property Tax,Increment Revenue 467;732 485,028 503,900 425;DOD ~ (78,900) 4 Other Revgnues 13,058 15,898 101;500 101,500 0 5 Transfers 1n:8 Loans from PCD Fund 902 114,645 82,704 3;107,400 i,ias s9~ (1,357,803) 6 7 TOTAL REVENUES;AND TRANSFERS.IN 572,475 468,966 3,732;SD0 2,193 3b3 (d ,539,407) 8 9 EXPENDITURES AND'TRANSFERS,OUT 10 Adininistralion 75,5179 194,9]4 119,500 - 166,553 47,0.63 _ Payments to State and Other Agercies 0 0 0 ~ 0 11 Projects 12 Downtown 214,658 79;182 .220,400 220;40b ~ p 13 Circulation and Parking 41,530 30;493 453,000 22s 000.. (225!000) 14 Pedestrian!Environment 2,197 4',630 2,507;000 1,245,3J0" (4,260;670) Public Improvements 0 0 ~ 0 ' ~~=3' 0 Economic Revitaliiation 0 0 0 0 0 DEBT SERVICE Payments to'Sfate and-Other Agencies 0 0 0 u: 0 15 Loans, Interesf;B:Creditg 37,080 38,441 238,500. 238,500 0 16 Transfers Otit 17 Transfer out to Housing;Fund 93;547 97,768 100,800 0 . (100,800) 18 Transferoutto'.Debt Service Fund 82;954 489 48,600 ~s,6oo : 0 19 Transferoufto:General Fund,for Security Patrol 25;000 25,000.. 25,000 - 25,000: 0 20 Reserves for Fiiture'Projects 0 0 20;000 2goo0ti 0 21 TOTAU.EXPENDITURES, TRANSFERS OUT 572,475 470,917 3;732,800 2;193 a3'= '(1,539,407) 22 & RESERVES 23 24 UNRESERVED FUNDS AVAILABLE 0 0 0 n' 0 Cityof Petaluma, California -Petaluma Community Development Comniission 3/1 812002 1 0:14 AM PCDCFY2001-02MidYearForecastRevised:XLS PCOCdetail. t ® Housing Projects Management: An addtional,$2.9;500 has been budgeted to account for an a larger allocation of General Plan Administration for a tot~al.l'ine-item appropriation of $289,800. • Reserve For Unspecified Housing Projects: Due to the 'increase in projected revenue and a higher beginning fund balance, the reserve•will increase by $5.,986,201. Debt Service Fund (904): • FY 2001-02.Begnnng 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 Ili; No change. • Benson Note; An additional $1.,350,223 has been`budgeted to pay the Benson note from the prior fiscal years. . • Various Debt Service Payments: No change.. • Reserved Funds: A decrease of $13,638 in the reserve fund i"s anticipated for an adjusted reserve of $98,811. ,Y~ :y2 - z '.4: i 5.;1. Page 8 • URM Project: .Appropriations for the Unreinforced Masonry Project have been reduced by ($30,000) from $80.,000 to $50,00.0 to reflect the low level of activity. Unexpended funds that were previously allocated for this purpose wil'1 be reallocafed in next year' budget. • Central Petaluma Specific `Plan (CPSP): An additional appropriation of $50;000 has been requested by the Communify Development Department in order to finish work on the CPSP related. to the ETR for a total line-item appropriation. of $228,00.0. ® Passthrough Payments to 'Others: Approximately 34% of Tax Increment is passed through to other taxing agencies. As the tax increment increases, the amount ofpassthrough also increases. Based on t11e County's latest property tax figures; an additional $5`59,679 is appropriated for a total line-item appropriation of $3,08.5,929. a Transfer Out: to Low/Moderate Income Housing Fund: This method of trari"sferring funds has been eliminated. in favor of a direct allocation to the fund 903. • Transfer Out tq Traffi'c Fund: The transfer. of $1.3 million for the McDowell'/E. Washington intersecfon improvements is deferred "until..FY 2002-03. • hiterfund Loan .to CBD~ Fund 90.1: The loan .amount projected by the' end of the fiscal year is $1,749,597 Low & Moderate Income Housing Fund (903): • FY 200.1-02 Beginning: Fund Ba'lance/Resei-ves: Subsequent to the annual audit, the begiiiring balance and Reserves for Projects is increased by $3,595;049 fora total of $5;349,596. • Transfers In Frorn PCD Project Area Funds: Due to 'a change in accounfing rnethods;'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 $13`8,870 or 8% over the adopted budget and an " increase of'$329;951 or 22% overtlle.pror year actual figure. . • Interest Revenue: A reduction of $35,000 in interest, i anticipated resultng.in an adjusted line.=item of $75,000. • ArnloryFacility Set Aside: Construction of the facility will begin :in FT' 2002-03. Therefore, $99.5;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: Hon1e 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: $285.,000 will be carried over to FI' 2002-03. Land use approvals were secured in December 2001. Home funds w"ere secured in January 2D.02. Construction is scheduled to start in FY 2002-03. ' • Buckelew Programs: $150,000 will be can-ied overto FY 2002-03: The proposed site is adjacent to the Police Department. Housing and Police staffs have been collaborating oii possible, joint, use. • Facility Ivlantenarice: This account-is increased by $40;000 to completeahe rehabilitation of27 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