Resolution Number CRA 03-07-01-01RESOLUTION NO. CRA 03-07-01-01
A RESOLUTION OF THE SAN JUAN CAPISTRANO COMMUNITY
REDEVELOPMENT AGENCY, ADOPTING THE FISCAL YEAR 2003-
2004 BUDGET AND AUTHORIZING EXPENDITURES AND
APPROPRIATIONS RELATED THERETO
WHEREAS, the Board of Directors of the Community Redevelopment Agency
held public hearings to consider the proposed Fiscal Program and Budget beginning
July 1, 2003, and ending June 30, 2004; and,
WHEREAS, the proposed Fiscal Year 2004-2004 Budget is the basis for the
implementation of the Community Redevelopment Plan; and,
WHEREAS, the proposed Fiscal Year 2003-2004 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
2003-2004 Budget as a guide for determining Agency priorities; and,
WHEREAS, the Board of Directors recognizes that the proposed Fiscal Year
2003-2004 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 2003-2004 Budget (Exhibits A -H) as detailed in the
Budget Document entitled "San Juan Capistrano Community Redevelopment Fiscal
Year 2003-2004 Budget" as summarized below:
Year Ending June 30 Authorized Expenditures
2004 $10,296,675
PASSED, APPROVED AND ADOPTED this Il't day of July 2003.
Lz4ale k��
WYAT"ART, CHAIRMAN
ATTEST:
j��RG�AET R. MONAHAN, AGENCY -SECRETARY
1 07-01-2003
STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF SAN JUAN CAPISTRANO
)ss.
1, 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 03-07-01-01 was duly adopted by the Board of
Directors of the Community Redevelopment Agency at a regular meeting thereof, held
the I st day of July 2003, by the following vote:
AYES:
DIRECTORS:
Bathgate, Gelff, Swerdlin, Soto, and Chairman Hart
NOES
DIRECTORS:
None
ABSENT:
DIRECTORS:
None
R. MONAHAN, Agency Secretary
I
E
F
ACTUAL
PROJECTED
PROPOSED
FISCAL YEAR 2001102
2002103
I 2003104
BEGINNING FUND BALANCE $(319,814)1
$170,922
1 $26,012
ESTIMATED REVENUE
Rental Income 27,300 25,000 0
Proceeds of Administration Loan 405,000 275,000 90,000
Interest Income 86,372 0 520
Transfer In -RV Storage Fund 143,078 35,921 176,600
ESTIMATED REVENUE- TOTAL 661,750
335,921
267,120
AVAILABLE RESOURCES 341,936
506,843
293,132
ESTIMATED EXPENDITURES
Directors Salaries 3,450 3,500 3,500
Engineering/Design Services 0 15,000 30,000
Legal/Professional Services 45,591 36,000 55,000
Other Outside Services 7,804 38,050 35,800
Utilities 3,922 2,500 2,500
Equipment/Facility Lease 5,047 239,000 0
Advertising/Public Notices 0 1,000 1,150
Office Supplies/Postage 78 1,300 1,250
Stationery/Printed Material 0 400 400
Training/Meetings 851 2,100 2,300
Mileage Reimbursements 16 200 200
Subscription/Dues 2,370 2,400 2,700
Maintenance 7,930 4,700 3,700
Administrative Charges 93,955 134,681 130,360
ESTIMATED EXPENDITURE - TOTAL 171.014
480831
268860
Exhibit A
ACTUAL PROJECTED PROPOSED
FISCAL YEAR 2001102 2002103 2003104
BEGINNING FUND BALANCE $2,537,133 $3,178,356 $3,711,034
Tax Increment
906,590
969,789
906,189
Interest Income
156,165
33,959
72,707
FHA Housing - Rental Income
1,425
0
0
Other
0
0
0
ESTIMATED REVENUE -TOTAL 1
1,064,180
1,003,748
978,895
AVAILABLE RESOURCES 1
3.601.313+
4.182.104
4.689.929
Legal Services
0
10,000
10,000
Financial Services
16,467
5,000
5,000
Appraisal/Escrow/Broker Services
3,633
5,000
5,000
Outside Clerical Services
0
0
8,000
Management Services
33,461
58,700
72,500
General Advertising
0
0
5,000
Management Services -FHA Program
500
0
0
Materials and Services
0
1,000
500
Training/Meetings
0
0
3,500
Administrative Charges
18,546
7,124
116,802
Annual Rental Subsidy Program
60,001
100,000
100,000
CBDG Leverage/Owner Occupied
0
0
60,000
Exhibit B -PAGE 1
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Exhibit B -PAGE 2
C
ECTED
PROPOSED
FISCAL YEAR
2001102
2002103
2003104
CDBG Leverage/Rehab
8,175
0
0
Loans -Outside Target Area
Rental Securement Program
(112)
4,200
4,200
Mobile Home Improvement Program
4,148
0
0
Transfers Out -Debt Service
1997 Housing Tax Allocation Bonds
174,520
175,766
176,625
1998 Tax Allocation Refunding Bonds
103,618
104,280
103,900
Transfers Out-CIP
Capistrano Terrace MHP Acq./Rehab
0
0
1,500,000
ESTIMATED EXPENDITURE - TOTAL
422,957
471,070
2,171,027
ENDING FUND BALANCE
3,178,356
3,711,034
2,518,903
FUND BALANCE RESERVES:
L/T Receivable from Debt Service
(436,599)
(436,599)
(436,599)
L/T Receivable -SJ Senior Housing
(1,550,000)
(1,456,769)
(1,426,769)
L/T Receivable -CEP Program
(147,510)
0
0
O.C. Property Tax Appeals
(42,075)
(93,200)
(93,200)
AVAILABLE FUND BALANCE
$1,002,172
$1,817,666
$655,535
Exhibit B -PAGE 2
Exhibit C
Actual
Projected
FISCAL YEAR
2001102
2002103
2003104
BEGINNING FUND BALANCE
$35,2441
$79,094
$130699
ES TIMA TED REVENUE
Rental Income
88,073
113,300
113,000
Interest Income
2,182
6,205
3,921
Other
0
0
0
ESTIMATED REVENUE - TOTAL
90,255
1 119,5051
116,921
AVAILABLE RESOURCES
125,4991
198,599
1 247,620
ESTIMATED EXPENDITURES
Management Services
0
0
0
Utilities
2,297
2,500
2,550
Maintenance
31,179
35,400
35,400
Capital Outlay
12,929
30,000
0
ESTIMATED EXPENDITURE - TOTAL
46,405
67,900
37,950
ENDING FUND BALANCE
$79,094
$130,699
$209,670
FUND BALANCE RESERVES:
Repair/Maint. Existing Housing Stock
0
1 28,000
42,000
AVAILABLE FUND BALANCE
$79,094
$158,699
$251,670 1
Exhibit C
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ACTUAL PROJECTED PROPOSED
FISCAL YEAR 2001102 2002103 2003104
BEGINNING FUND BALANCE $807,878 $908,718 $958,632
Sale of Property 66,377
Interest Income 1 34,463 49,914 28,759
ESTIMATED REVENUE -TOTAL 100,840 1 49,914 1 28,759
AVAILABLE RESOURCES 908.718 1 958.632 1 987.391
Transfers Out-CIP
Multi Family Housing Project 0 0 0
ESTIMATED EXPENDITURE- TOTAL 0 0 0
ENDING FUND BALANCE $908,718 $958,632 $987,391
FUND BALANCE RESERVES:
Exhibit D
ESTIMATED EXPENDITURE -TOTAL 207,294
ACTUAL
PROJECTED
PROPOSED
FISCAL YEAR
2001102
2002103
2003104
BEGINNING FUND BALANCE
$0
$0
$0
ES TIMA TED REVENUE
Rental Income
207,294
208,571
208,000
ESTIMATED REVENUE -TOTAL
207,294
208,571
208,000
AVAILABLE RESOURCES
207,294
208,571
208,000
ESTIMATED EXPENDITURES
Management Services
9,000
9,000
9,000
Utilities
4,007
3,300
3,650
Office Supplies/Postage
655
850
1,250
Maintenance
2,099
24,000
12,500
Office Relocation
0
135,500
5,000
Transfer Out -Debt Service
48,455
0
0
Transfer Out -Administrative Fund
143,078
35,921
176,600
ESTIMATED EXPENDITURE -TOTAL 207,294
208,571
208,000,
ENDING FUND BALANCE 1 $0
$0
$0
Exhibit E
L I
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ACTUAL PROJECTED
FISCAL YEAR 2001102 2002/03 2003104
BEGINNING FUND BALANCE
$1,523,421
$1,193,853
$975,853
ESTIMATED REVENUE
Sale of Land Held For Resale 0 0 0
Loan/Note Proceeds 50,000 0 0
Note Rec'v Payment-CUSID 85,677
Transfers In -20% Set -Aside Fund 0 0 1,500,000
ESTIMATED REVENUE - TOTAL 135,677
01
1,500,000
A VAILABLE RESOURCES 1,659,098
1 1,193,8531
2,475,853
ES TIMA TED EXPENDITURES
Stonefield Lease 50,000 0 0
Capistrano Terrace MHP Acq./Rehab 0 0 1,500,000
Lower Rosan Ranch Wetlands Mitigation 415,245 56,000 40,000
Lower Rosan Ranch Permit Requirements 0 12,000 12,000
Downtown Restrooms 0 150,000 0
Los Rios Parking Lot & Signage 0 0 566,300
Underground Utility District 0 0 30,000
Downtown Lighting - Final Phase 0 0 209,285
El Camino Real Sidewalk 0 0 86,100
ESTIMATED EXPENDITURE- TOTAL 465,245
218,000
2,443,685
ENDING FUND BALANCE $1,193,853
$975,853
$32,168
Exhibit F
RMPACTUARLPROJOECTED
PWROPOSED
FISCAL YEAR
2001102
2002103
2003104
BEGINNING FUND BALANCE
$1,020,758
$741,527
$88,289
ES TIMA TED REVENUE
Tax Increment
3,626,361
3,879,154
3,702,337
Interest Income
33,702
28,787
0
Interest Income -Note Receivable
0
0
0
CVWD-Interest Accrued
19,455
14,580
9,705
City of SJC-Sales Tax Pass-Thru
497,672
508,770
518,946
City of SJC-Interest Accrued
296,326
307,088
314,111
Price Co. -Interest Accrued
708,843
762,279
821,167
ERAF Loan Proceeds -City General
0
0
0
Fund
Transfers In -RV Storage
48,455
0
0
Transfers In -20% Set -Aside (1997)
174,520
175,766
176,625
Transfers In -20% Set -Aside (1998)
103,618
104,280
103,900
ESTIMATED REVENUE- TOTAL
5,508,952
5,780,704
5,646,791
AVAILABLE RESOURCES
6,529,710
6,522,231
5,735,079
ES TIMA TED EXPENDITURES
City of SJC-Wm Lyon Fees
98,152
98,152
98,152
City of SJC(#l)-Tax Anticipation
180,000
180,000
180,000
City of SJC(#3)-Backfill 1992-93
4,482
4,572
146,982
City of SJC(#4)-Trullis Acq. Loan
13,692
14,240
14,809
City of SJC(#5)-Admin Loan
0
10,125
21,150
City of SJC (#6)-ERAF Loan
0
0
0
CMD -Connection Fees/Wm Lyon
216,955
112,080
107,205
Orange County -17.1% Agreement
728,942
829,200
791,400
SOCCCID Pass-Thru Agreement
0
0
0
Exhibit G- PAGE 1
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Exhibit G- PAGE 2
ACTUAL
PROJECTED
PROPOSED
FISCAL YEAR
2001102
2002103
2003104
Capello Promissory Note
30,224
29,049
27,874
Trullis Promissory Note
165,098
207,532
207,532
Price Co.
903,799
962,279
1,025,167
Auto Tax Revenue Pass-Thru
302,716
308,770
314,946
Fluidmaster
80,000
40,000
40,000
Pacific Sales
14,072
20,000
20,000
Blue Sky Properties
0
80,000
80,000
Capistrano Volkswagen
0
35,000
35,000
Sierra Vista
0
0
5,000
State ERAF Shift
0
117,210
389,000
Tax Allocation Bonds -1 997
174,520
175,766
176,625
Tax Allocation Bonds -1 998
518,091
521,398
519,498
Debt Administration
6,989
7,129
7,271
Kinoshita Acquisition
647,500
647,500
647,500
Transfer Out-Knshta Sinking Fund
170,000
185,000
245,000
Transfer Out-CUSD Set -Aside Fund
1,532,951
1,848,943
67,042
ESTIMATED EXPENDITURE - TOTAL
5,788,183
6,304,788
5,167,153
ENDING FUND BALANCE
$741,527
$88,289
$567,927
FUND BALANCE RESERVES:
Fiscal Agent
(181,434)
(181,434)
(181,434)
O.C. Property Tax Appeals
--(168,300)
(372,800)
(372,800)
ENDING FUND BALANCE -AVAILABLE
$391,793
$(465,945)
$13,693
L
Exhibit G- PAGE 2
ACTUAL PROJECTED PROPOSED
FISCAL YEAR 2001102 2002103 2003104
BEGINNING FUND BALANCE $2,708,965 $2,976,909 $3,258,491
ES TIMA TED REVENUE
Transfer In -Debt Service
Kinoshita Acquisition 170,000 177,500 245,000
Interest 97,944 104,082 97,755
ESTIMATED REVENUE- TOTAL 267,944 281,5821 342,755
AVAILABLE RESOURCES 2,976,909 3,258,491 3,601,246
ESTIMATED EXPENDITURES
Principal Payments 1 0 0 0
ESTIMATED EXPENDITURE- TOTAL 1 01 01 0
Exhibit H