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HomeMy WebLinkAboutPCDC Resolution 93-02 02/01/1993., ~, ,, RESOLUTION # 93-02' PETALtIMA COMMUNITY DEVELOPMENT GO111111ISSION 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 RESOLUTION AUTHORIZING ADJUSTMENTS TO THE 1992-93 FISCAL YEAR PETALUMA COMMUNITY DEVELOPMENT COMMISSION BUDGET WHEREAS, the.Petaluma Community Development Commission staff has presented aMid-Yeaz Budget. Review; and WHEREAS, the review included recommendations for various adjustments; and WHEREAS, the Petaluma Community .Development Commission has considered the said recommendations; NOW, THEREFORE, BE IT RESOLVED that -thee staff is directed to make the various adjustments as outlined in. the staff report dated. February 1, 1993 as summarized below and reflected on the attached Exhibit "A" CENTRAL BUSINESS DISTRICT 1. Reduce downtown restroom budget cost center 851b from $6,000 to $3,000. Transfer the difference to the main street tree maintenance program, cost center 8515. 2. Reduce the Riverwalk Project reserve $320,000} by $10,000 and transfer funds to the Weller Street Project, cost center 9791. 3. Reduce the Riverwalk Project Reserve ($320,000) by approximately $68,322 in order to make the State mandated payment. 4. Shift $1`0,000 from the Unreinforced Masonry Building•Seismic Strengthening Reserve account to .cost' center 8512, Unreinforced Masonry Building Project. 5. Shift $13,500 from Riverwak Phase 4 reserve to Riverwalk improvements, to cover final costs'for:.cost center 9792, improvements to Phase 4 Zones 1 & 2, Garage to Putnam Park. 6. Reduce transfer to the Housing Fund from the CBD Project Area by $5,100 to reflect: lower estimated 1992-93 property tax increment revenue. 7. Shift. $5,;000 from Rverwalk Phase 4 reserve to cost center 9725, "A" Street pazking lot underground tank monitoring. 8. Reduce Riverwalk Phase 4 reserve by $41,719 to offset lower 1992-93 beginning balance. PGDC Reso.93-02 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 PETALUMA COMMUNITY DEVELOPMENT :PROJECT -AREA 1. Reallocate approximately $292,,914 from the Freeway Overcrossing/Interchange (Rainier Project) reserve; cost center 9520, to make the mandated State payment. 2. Allocate $6,500 from anticipated additional-1.992-93 funds to Economic Development Promotional Publication. 3. Allocate balance of the anticipated additional 1992-93 funds to the Freeway Project, cost center 9520 4. Increase transfer to Housing Fund by $45,400 to reflect higher 1992-93 property tax increment revenue estimate. 5: Increase Debt Service Reserve by $38,9.00. FEB ®1 1.993 Commissioner No Absent Barlas Hamilton Nelson Read Shea Vice Chair Sobel Chairman Hilligoss ATTEST: P. ernar ,Recording Secretary x x X PCDC Reso. 93-02. X D2-Fe6-a3 . (PC~C94) EXHTB,IT A PETALUMA COMMUNITY DEVELOPMENT COMMISSION PROJECT AREA DETAIL TO MID-YEAR BUDGET REVISIONS FY 92-93 " SOURCES~flNO lJSES''BY ~PROJEC°1 RRER FY 97.-93 FY 92-'33 RDOPTED REUISEO CNRNGES BUDGET OUDGET t`ENTRRL.8U5INE55 DTSTFICT PRDxECi RRER 6E6ININ6 FbMDS RURTIRBLE x48,631 960,037 111,406 ~REUENUES ' PROPERTY TRH INCREMENT 436,00 ~ 411,OD0 {25,5D0) INTEREST ERRNINGS 35,925 35;OD0 (925), STRTE SUPPLEMENTRL 0 0 0 SRIE OF PROPERTY D D D _ PRRKIN6 LDT REVENUES 0 0 0 MISCELLRNEDUS R6UENUE. O 0 .0 TDTRL REVENUES 472,425- ~44fi9000 {26,425) iRRNSFERSIN 179,500 0 {179,500) $DNDfl.ORN PROCEE05 D D D TOTRL 50URCE5 D{' FIl0D5 .1,500,556 1;405,.03.7 (99,519) USES PRD3ECt5 .._._ 9505 PROJECT FlOMINI5TRRfION 56,~D0 S6,~DD D $506 STflTE MRNDRTED EDUCRTION'PRYIIENT 0 66;3?1 68,321 8511 ~PRRKiN6'GHRRGEfI(1T MRINT 30,2.DU 3D,2D4 D 511D MRIN 51REET RSSDCiflT'sON 35;556 35,556 D 9701 PEDESTRIRN BRID6CJPLR2R U 0 U 9776 TURNING 88SIN DUCKS D 0 0 6512 UFM PROJECT .1 lU,DOD 1D,OD0 8513" C9D SPECIFIC PLRN STUOY-. 25;DD0 25,OUD 0 ' 9?81~ "GRRR6E pRly?NG D q 0 9725 l1NDERGR9UN0 TRNK''MONIIDR: S,OUO lO,DOD 5,000 9791. WELLf:R STREET dMPRDUMENTS 43,000 53,000. IU,DDO 9792 RIUERWRLKIMPRDUEMENTS" 179,50D 193',000 13,5D4 6515 MRIN' STREEi~ TREE M1INT:ENRNLE _ ~ ~ 4,OOD 7,ODD 3,DD0 $51"6 DDWHT:UtIN RETkODMS fi,00D 3,~D0 (3,000) ' 8510. C8D d:URNS R,R55ES5MNENT:S' 9~;7U0 96,700 0 iDTgL EkPEMOITURE5 48D,956 567,:777 106,$?1 TR~NSEER5 OUT 'TO Ljfi1 HOUSING FUND 87,3DD 9~,2U0 (5,1U0j TRRNSFERS Dl1T10TBER USES 99;30D 4fi,60U (52,7DD) T';OTflL USES " 667,556 716,577 49;021 ENDTN~ FUNDS' FiUftiIflBLE $33,UDD D69.,.466 {1;43;y90) ~~ 1 s _ / ~p2-Feb-93 (RCUL94): PETALUMA COMMUNITY DEVELOPMENT COMMISSION PROJECT AREA DETAIL TO ~ MID-YEAR BUDGET REVISIONS FY 92-93 ~{~#lRCES: BTtU USF:5 BY PR0IECT RRER fY 92-43 FY 92-93_ RUBPTED ~ REUISEU CHRNGES BUDGET BUDGET ,RESERUEB FUNDS FUTURE i:flNO flCgUISIT.IDN 1S4,D00 1S4,DDU D RIUER41Bl~ FRRSE IU 3'2D,DOD 1Q6,R5D {I33,54D) RESERUED.'fDR GRRRGE REP9IR :~,OOfi S,ODfI 0 ' ... RESERUED,f(1R'URhi PRDIECT 3S~,DD0 349,DD0 (IB,OOD} Ui~RESERUED~:.T'U2dE~S.RURI{.RBLE D (D) (D) `F 2 02 -Feb-93 (PG0E99) PETALUMA COMMUNITY DEVELOPMENT COMMISSION PROJECT AREA DETAIL TO MID-YEAR BUDGET REVISIONS FY 92-93 SUURCES RN0 USES.BY PROJECT RBEfl. FY 9-93 FY .92-:93 RODPTED REUISED GNRNGES BUDGET BU06Ei 'CONMUNITY OEUEI:OPMF.N~ PROJECT BRER BEGINING FUN05'RURILRBLE 1,815,E?.3 1,,y41;925 126,402 REUENUES PROPERTY TRR INCREMf.NT 2,245;E00 2;463,000 217,400 . INTEREST EFlRNINGS 178,D00 130,000 (48,000) STRTE SUPPLEMf.NTRL D 0 0 SRLE OF PROP€RTY 0 0 0 FFlRKING LOT REUEh1UES 0 0 ~ MISCELLANE0U5 REUENOE D 0 0 TOTRL REl#ENUES 2,423,600 2,593,000 169,400 tRRNSFEP,S IN 0 0 0 BON~JI.QRN PP,OCEEDS 0 0 D • tDTfll SOURCES OF FUNDS 4,239,123 . 4;534,925 295,$02 USE5 PRDIECTS ' 8505 PROJECT ~ROtiFhIfSTRA'lION iRi,500 181;500 0 8506 STRTE hIR~fORTED EDUC9tIDN PRYf1ENT 0 292;919 292,914- 8512 URM PROJECT 7p,~00 70;D~0 D 8530 RUiO CENTER PROJECT '6,:000 6;OOD 0 9528 FRF,EWRY OUERCROSSING/INTERf,NRlif,E 2,1.l13;9Q() 2,037.;896 (71,0047 9724 Ft00D CONTROL IMPROUEMENT PROJECTS 1,15,000 1,195,OD0 D -511.9 ECUNOi1IC OLUELOPMENT PROPiOT;[ON 11,(108 17,SD0 6,452 8608 19928 1RR RLLOCRTiON 80NDS ~ 0 0 0514 POOP CORNS & R5SES5MNENTS 19,7SU 19;750 0 TOTRL EXFENOIIURES 3,587,158 3,815,560 228,402 TRRNSFERS TO L/.1 HOUSING FUND 978,600 524,000. 45,400 TRRNSFERS DUT/ETHER USES ~ .173,365 195,365 2?.;000' IOtAL. USES 4,239,17.3 4,539,925 295,802 ENDING FUNDS RURILRBLE 0 0 0 3 ', - ' D2-feb-93 (PCD~9Q) pETALUMA COMMUNITY DEVELOPMENT COMMISSION • - PROJECT AREA DETAIL TO MID-YEAR BUDGET REVISIONS - FY 92-93 SDUROES flND USE5 C4''PRUJECI"flREla' rY 92°93 FY 92-93 RDUPIED .REVISED CHflNGES BUDGET BUDGET LOWfMCDERflTE INCOME NDU5ING'FUND ' CEBTNING FUNDS flURIlDBIE 913,268 928;521 15,253 ' REVENUES INUESiI~ENT INTEREST 45,f~3 45,70D 37 • MISCELLBNEDUS REVENUE • 0 D 0 iCTflL REVENUES 45,663 45,7DU 37 TRBNSFERS IN FROM PCUC_ T'ROJECT flRERS. 56S,~OD' 6g6;2DD 4D,300 FRDM CITY NCU5IHG IN-LIEU FUND 88D,711 88q,71;1 0 TOTBL TRRNSFERS iH 1,496,611 1,986,91.1 40,3OD TDT(iL SDURCES OF FUNDS 2, 405,54 2;461,132 SS,59C ' USES PR01ECT5 5401 fIDUSTNG PRDGRpl1 ROh1IN 86,6DV 86,500 D 5412 RENTRL RSSIST, PODL 30,000 30;DDD D 54[5 NcDF81CN FlSSTSTflNCE PDOL {PFSC} 3fi,ODD 36;ODO 0 5429`t1flHUFHCTUREp NOME LOAN 250,ODN 25D,ODC D 5430 HILl11IE41:DAKS . 19't.,DOO 1'47,OOD D 5431 PAYRRNfJEFi'ERSON flCq(JISITIDN (PEP) 566,450 5fi5,450 D 543"l ~ELl. PHRCEC BEgUISIT.ION (BH) 489,DOC~ 489,gC0 D 5433 CDRONN: RflNCH (BH1 O p D 5434 SITE flCgUI`sITICN (BH). 50C;OOC SUO,ODD D 5435 PRESERVE,PflRKLRNE R~,M, {BN)` 25,DD0 25,DOD D 543fi MflIHTNNCE DF ~FflMilf SHCLTER (L:~CO` P 10,OOC ~ lO,000 0 5437 MDRTGOGE,CREDIT CERT•IEICN'TE 15,DOO 15,D00 U • 5438 UR~i~.l/M INC H(#USIf3O'REHflB: ~ 80,000' BD,OOD 0 5439 SINGLES SNEITER PIL01 PROG (COTS) ~ 17,3gD 17,3gq ~ 855D L & M LCflNS/NSSESSMENTS 29,3D0 29;300 0. TDTNL EHPENOTTURES 2,281,b5D 2,-281,650 D iRRNSFERS CUT (OTHER USES - D D D _ :TDTRL USE5 2~2.81,6SO 2,281,fi5D ~0 ~_ _____ ~ •• - 4 D2-E~ta_93 (('CDC94; . PETALUMA COMMUNITY DEVELOPMENT COMMISSION PROJECT AREA DETAIL TO MID-YEAR BUDGET REVISIONS FY 92-93 SDURCES RND USES BY ~PROJF;C=i RREfi. FY 97.-93 FY 92-93 RD~PiED REVISED' CNRNGES DUDGF..T 6UDGEi ENDING FUNDS RURTt.RBl.f. 123,892. 1?9,482 55,59D RESERU£D FUNDS UNRESERVED FUNDS RURiLRBLE 123,H92-___--'179,482 -_--+55,590_ ~5 i ' + OZfeh-93' (PCDC9§) PETALUMA COMMUNITY DEVELOPMENT COMMISSION PROJECT AREA DETAIL TO MID-YEAR BUDGET REVISIONS FY 92-93 SQURCES RN0 USES R~l;PR01ECT.RR@W f',Y 92-43 F'Y 92°93 fl00PTE0 REVI5E0 CHRNGES 6UJGET BbOGET PCOC OEBi SERVICE • .._.,____...:..-...... _-__omcaxr_xaoccvttenrxc~_ ~r•--..-. BEGShING'OEBT SERVICE, 5E5ERUE 785,167 855,281 70,114 REVENUES INTEREST E(~RNINGS 26,075 26,075 0 J1I5CELLRMEDUS (?EilEfiUE 0 0 0 IOTR~ REVENUES 26,OT5 26.075 B TP,flN5FER5IN 272;6fi5` 241,9G.5 L30,700) T0T8L 50URCE5 OF F+JNOS 1,p83;907 1,123,321 39,413 USES . 8622 1984 TR?' RLLCCRTxON 60NOS 1113,.3?5 10's,3Z5 0 8623 1988 iRJf Ri.LOLRTION` BONOS 0, 0 Q~. 8608 199281RH RLLQCflIION BOHOS 435,500: 435,500 0 TOTRL EJfPENOITiJRES 538;875 535,875 0 TRP,NSFERS 5UT/(iTH1R USES 5' 0 0 T6TRI. lJSE5 ~ 538;675 538,875 0 [NOING''fUN05~RURII`RBIk' S49aD32 554,44fi 39:;919: RfS€RUEQ FUNOS _ FOR 1984 Bl1N[l5 ~ 99,975 99;9.'5 ~ . • FOR 1992 60ND5 945.,057 484';471. .39;41;4. FUND BRERHCE AURIl.WBGE a 0 c: r..a _c^s,o~s Q axccuxccocco. (! cca~ _.-::_cc .--J..--ms's 6