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Resolution Number CRA 02-06-18-01RESOLUTION NO. CRA 02-06-18-01 ' A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, ADOPTING THE FISCAL YEAR 2002-2003 BUDGET AND AUTHORIZING EXPENDITURES AND APPROPRIATIONS RELATED THERETO WHEREAS, the Board of Directors ofthe Community Redevelopment Agency held public hearings to consider the proposed Fiscal Program and Budget beginning July 1, 2002, and ending June 30, 2003; and, WHEREAS, the proposed Fiscal Year 2002-2003 Budget is the basis for the implementation of the Community Redevelopment Plan; and, WHEREAS, the proposed Fiscal Year 2002-2003 Budget reflects a level of service and work force deemed appropriate by the Board of Directors; and, WHEREAS, the Board of Directors intends to use the proposed Fiscal Year 2002-2003 Budget as a guide for determining Agency priorities; and, WHEREAS, the Board of Directors recognizes that the proposed Fiscal Year 2002-2003 Budget will require adjustments from time to time, and accordingly, the Executive Director is authorized to execute necessary transfers to carry out the scope of service as approved. NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the Community Redevelopment Agency of the City of San Juan Capistrano does hereby adopt the proposed Fiscal Year 2002-2003 Budget (Exhibits A -H) as detailed in the Budget Document entitled "San Juan Capistrano Community Redevelopment Fiscal Year 2002- 2003 Budget' as summarized below: Year Ending June 30 2003 1 06-18-02 -1- Authorized Expenditures $6,781,220 PASSED, APPROVED AND ATTELg � V l� A . MONAHAN, AGENCY SECRETARY STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF SAN JUAN CAPISTRANO ) this 18th day of June 2002. RMAN I, MARGARET R. MONAHAN, appointed Agency Secretary of the Community Redevelopment Agency of the City of San Juan Capistrano, do hereby certify that the foregoing Resolution No. CRA 02-06-18-01 was duly adopted by the Board of Directors of the Community Redevelopment Agency at a regular meeting thereof, held the 18th day of June 2002, by the following vote: AYES: DIRECTORS: Bathgate, Gelff, Swerdlin, Hart and Chairman Campbell NOES DIRECTORS: None ABSENT: DIRECTORS: None R. MONAHAN, Agency Secretary 06-18-02 - 2 - F I L EXHIBIT A ACTUAL PROJECTED PROPOSED FISCAL YEAR 2000/01 2001/02 2002103 BEGINNING FUND BALANCE $(349,541) $(319,814) $368 ESTIMATED REVENUE 25,300 25,000 25,000 Rental Income Proceeds of Administration Loan 0 405,000 400,000 Interest Income 128,112 60,000 0 Transfer In -RV Storage Fund 0 50,124 35,921 ESTIMATED REVENUE- TOTAL 153,412 540,124 460,921 AVAILABLE RESOURCES 196,129 220,310 461,289 ESTIMATED EXPENDITURES 3,030 4,000 3,500 Director's Salaries Engineering/Design Services 1,865 0 15,000 Legal/Professional Services 26,754 49,800 36,000 Other Outside Services 1,403 29,000 38,050 Utilities 1,241 1,200 2,500 Equipment/Facility Lease 5,018 5,020 215,020 Advertising/Public Notices 0 500 1,000 Office Supplies/Postage 75 0 1,300 Stationery/Printed Material 0 775 400 Training/Meetings 250 2,100 2,100 Mileage Reimbursements 200 200 200 Subscription/Dues 2,075 2,000 2,400 Maintenance 0 9,900 4,700 Administrative Charges 81,774 115,447 134,681 ESTIMATED EXPENDITURE- TOTAL 123,685 ::2:=19,942456,851 ENDING FUND BALANCE $(319,814) $368 $4,438 EXHIBIT A EXHIBIT B -PAGE 1 �k, 4 l �Y ACTUAL PROJECTED PROPOSED FISCAL YEAR 2000/01 2001/02 2002/03 BEGINNING FUND BALANCE $2,215,793 $2,537,133 $2,877,653 ESTIMATED REVENUE 810,435 826,644 795,177 Tax Increment Interest Income 34,158 29,846 33,959 FHA Housing - Rental Income 22,950 1,425 0 Other 1,000 0 0 ESTIMATED REVENUE- TOTAL 868,543 857,915 829,136 AVAILABLE RESOURCES 3,084,336 3,395,048 3,706,789 ESTIMATED EXPENDITURES 704 10,000 10,000 Legal Services Financial Services 0 9,700 5,000 Appraisal/Escrow/Broker Services 0 0 5,000 Management Services 24,760 29,615 58,700 Management Services -FHA Program 18,920 27,800 0 Materials and Services 0 500 1,000 Training/Meetings 0 8,042 3,000 Administrative Charges 25,967 5,000 7,124 Annual Rental Subsidy Program 56,745 65,100 100,000 CBDG Leverage/Title 25 Grants 15,497 77,000 0 CDBG Leverage/Rehab 75,444 1,500 0 Loans -Outside Tar et Area Rental Securement Program 186 4,000 4,200 EXHIBIT B -PAGE 1 EXHIBIT B -PAGE 2 ACTUAL PROJECTED PROPOSED FISCAL YEAR 2000/01 2001/02 2002103 Mobile Home Improvement Program 13,701 1,000 0 Transfers Out -Debt Service 0 1997 Housing Tax Allocation Bonds 186,078 174,520 175,766 1998 Tax Allocation Refunding Bonds 104,844 103,618 104,280 Transfers Out-CIP Little Hollywood Housing -Rehabilitation 24,357 0 0 ESTIMATED EXPENDITURE- TOTAL 547,203 517,395 474,070 ENDING FUND BALANCE 2,537,133 2,877,653 3,232,719 L/T Receivable from Debt Service (436,599) (436,599) (436,599) L/T Receivable -SJ Senior Housing (1,550,000) (1,550,000) (1,456,769) L/T Receivable -CEP Program (184,610) 0 0 O.C. Property Tax Appeals 0 (42,075) (42,075) Land Held for Resale 98,000 0 0 AVAILABLE FUND BALANCE $550,534 $848,979 $1,339,351 EXHIBIT B -PAGE 2 EXHIBIT C Actual Projected Proposed FISCAL YEAR 2000/01 2001/02 2002/03 BEGINNING FUND BALANCE $6,2431 $35,2441 $124,106 ESTIMATED REVENUE 90,849 110,000 113,300 Rental Income Interest Income 1,811 1,762 6,205 Other 0 0 0 ESTIMATED REVENUE -TOTAL 92,660 111,762 119,505 AVAILABLE RESOURCES 98,903 147,006 1 243,612 ESTIMATED EXPENDITURES 1,500 0 0 Management Services Utilities 1,795 2,500 2,500 Maintenance 60,364 20,400 35,400 Capital Outlay 0 0 30,000 ESTIMATED EXPENDITURE- TOTAL 63,659 22,900 67,900 ENDING FUND BALANCE 1 $35,2441 $124,106 1 $175,712 EXHIBIT C F EXHIBIT D ACTUAL PROJECTED PROPOSED FISCAL YEAR 1 2001102 2002W BEGINNING FUND BALANCE $430,064 $807,878 $998,272 ESTIMATED REVENUE 341,646 150,000 Sale of Property Interest Income 37,376 40,394 49,914 ESTIMATED REVENUE - TOTAL 379,022 1 190,3941 49,91 AVAILABLE RESOURCES 809,086 998,272 1,048,185 ESTIMATED EXPENDITURES Transfers Out-CIP: Little Hollywood -Reconstruction 1,208 0 0 ESTIMATED EXPENDITURE- TOTAL 1,208- 0 0 ENDING FUND BALANCE $807,878 1 $998,272 $1.048.185 EXHIBIT D EXHIBIT E ACTUAL PROJECTED PROPOSED FISCAL YEAR 2000/01 2001/02 2002103 BEGINNING FUND BALANCE $(128) $0 $28,571 ESTIMATED REVENUE 179,137 175,000 180,000 Rental Income ESTIMATED REVENUE -TOTAL 179,137 175,000 180,000 AVAILABLE RESOURCES 179,009 175,000 208,571 ESTIMATED EXPENDITURES 9,000 9,000 9,000 Management Services Utilities 3,211 3,600 3,300 Office Supplies/Postage 253 750 850 Maintenance 5,752 14,000 24,000 Office Relocation 0 20,500 135,500 Transfer Out -Debt Service 160,793 48,455 0 Transfer Out -Administrative Fund 0 50,124 35,921 ESTIMATED EXPENDITURE -TOTAL 1 179,009 146,429 208,571 ENDING FUND BALANCE $0 $28,571 $0 EXHIBIT E C EXHIBIT F t ACTUAL PROJECTED PROPOSED FISCAL YEAR 2000/01 2001/02 2002103 BEGINNING FUND BALANCE $7,462 $1,523,421 $1,173,139 ESTIMATED REVENUE 0 0 0 Sale of Land Held For Resale Loan/Note Proceeds 50,195 50,000 50,000 Note Rec'v Payment-CUSD 1,551,063 85,677 Transfers In -20% Set -Aside Fund 24,668 0 0 ESTIMATED REVENUE- TOTAL 1,625,926 135,677 50,000 AVAILABLE RESOURCES 1,633,388 1 1,659,098 1,223,139 ESTIMATED EXPENDITURES 50,195 50,000 50,000 Stone Field Lease Little Hollywood Housing Rehab 24,668 0 0 Lower Rosen Ranch wetlands Mitigation 35,104 315,959 56,000 Lower Rosen Ranch Permit Requirements 0 120,000 12,000 Downtown Restrooms 0 0 157,000 ESTIMATED EXPENDITURE- TOTAL 109,967 485,959 275,000 ENDING FUND BALANCE $1.523,421 $1,173,139 948 139 EXHIBIT F EXHIBIT G - PAGE 1 ACTUAL PROJECTED PROPOSED FISCAL YEAR 2000/01 2001/02 2002/03 BEGINNING FUND BALANCE $1,329,832 $1,020,758 $935,342 ESTIMATED REVENUE 3,241,742 3,306,577 3,180,708 Tax Increment Interest Income 24,712 90,021 28,787 Interest Income -Note Receivable 0 0 0 CVW D -Interest Accrued 26,878 12,211 7,336 City of SJC-Sales Tax Pass-Thru 345,800 436,529 420,860 City of SJC-Interest Accrued 310,253 285,414 331,609 Price Co. -Interest Accrued 671,744 626,490 698,175 Transfers In -RV Storage 160,793 48,455 0 Transfers In -20% Set -Aside (1997) 186,078 174,520 175,766 Transfers In -20% Set -Aside (1998) 104,844 103,618 104,280 ESTIMATED REVENUE- TOTAL 5,072,844 5,083,835 4,947,521 AVAILABLE RESOURCES 6,402,676 6,104,593 5,882,863 ESTIMATED EXPENDITURES 98,152 98,152 98,152 City of SJC-Wm Lyon Fees City of SJC(#1)-Tax Anticipation 180,000 180,000 180,000 City of SJC(#3)-Backfill 1992-93 7,567 7,262 8,184 City of SJC(#4)-Trullis Acq. Loan 26,879 27,954 29,072 City of SJC(#5) - Admin Loan 0 0 16,200 CMD -Connection Fees/Wrn Lyon 19,366 207,211 104,836 Orange County -1 7.1 % Agreement 644,602 658,350 679,900 Ca ello Promissory Note 32,164 31,237 30,062 EXHIBIT G - PAGE 1 1 EXHIBIT G - PAGE 2 ACTUAL PROJECTED PROPOSED FISCAL YEAR 2000/01 2001/02 2002/03 Trullis Promissory Note 0 207,532 207,532 Price Co. 865,875 846,490 898,175 Auto Tax Revenue Pass-Thru 345,801 216,529 220,860 Fluidmaster 46,708 40,000 40,000 Pacific Sales 0 0 0 Blue Sky Properties 0 0 0 Capistrano Volkswagen 0 0 35,000 Tax Allocation Bonds -1997 178,095 174,520 175,766 Tax Allocation Bonds -1998 519,566 518,091 521,398 Debt Administration 13,132 5,202 5,306 Kinoshita Acquisition 667,948 647,500 647,500 Transfer Out-Knshta Sinking Fund 185,000 170,000 185,000 Transfer Out-CUSDSet-Aside Fund 1,551,063 1,133,221 1,215,885 ESTIMATED EXPENDITURE -TOTAL 5,381,918 5,169,251 5,298,828 ENDING FUND BALANCE $1,020,758 $935,342 $584,035 FUND BALANCE RESERVES Fiscal Agent (183,330) (191,290) (191,290) O.C. Property Tax Appeals 168,302 168,302 ENDING FUND BALANCE-AVAILABLE837 428 $575,750 $224,443 EXHIBIT G - PAGE 2 EXHIBIT H ACTUAL PROJECTED PROPOSED FISCAL YEAR 2001102 2002103 BEGINNING FUND BALANCE $2,400,720 $2,708,965 $2,973,779 ESTIMATED REVENUE Transfer In -Debt Service Kinoshita Acquisition 185,000 170,000 177,500 Interest 123,245 94,814 104,082 ESTIMATED REVENUE- TOTAL 308,245 264,814 281,582 AVAILABLE RESOURCES 2,708,965 2,973,779 3,255,361 ESTIMATED EXPENDITURES 0 0 0 Principal Payments ESTIMATED EXPENDITURE- TOTAL 0 01 0 ENDING FUND BALANCE $2,708,965 $2,973,779 $3,255,361 EXHIBIT H