Resolution Number CRA 08-06-03-01RESOLUTION NO. CRA 08-06-03-01
' A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SAN JUAN
CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY ADOPTING
THE FISCAL YEAR 2008/2009 BUDGET AND AUTHORIZING
EXPENDITURES AND APPROPRIATIONS RELATED THERETO
WHEREAS, the Board of Directors of the Community Redevelopment Agency
held a public hearing to consider the proposed Fiscal Program and Budget beginning
July 1, 2008, and ending June 30, 2009; and,
WHEREAS, the proposed Fiscal Year 2008/2009 Budget is the basis for the
financial and economic implementation of the Community Redevelopment Plan; and,
WHEREAS, the proposed Fiscal Year 2008/2009 Budget reflects a level of
service and work force deemed appropriate by the Agency Board of Directors; and,
WHEREAS, the Agency Board of Directors intends to use the proposed
Operating Budget as a guide for determining Agency priorities; and,
WHEREAS, the Agency Board of Directors recognized that the proposed
Fiscal Year 2008/2009 Budget will require adjustments from time to time, and accordingly,
' the Agency Executive Director is authorized to execute necessary transfers to carry out the
scope of services as approved.
NOW, THEREFORE, BE IT RESOLVED, by the Board of Directors of the San
Juan Capistrano Community Redevelopment Agency, as follows:
1. That the proposed Fiscal Year 2008/2009 Budget in accordance with
Exhibit A attached hereto and incorporated by reference herein for a total appropriation
amount of $30,067,954 and as detailed in the Community Redevelopment Agency section
of the Budget Document on file with the Agency Clerk's Office entitled "City of San Juan
Capistrano Budget -FY 2008/2009" is hereby adopted as the Operating and Capital
Improvement Budget for the San Juan Capistrano Community Redevelopment Agency for
fiscal year 2008/2009.
2. That the amounts reflected as estimated revenues for FY 2008/2009 as
shown in Exhibit A are hereby adopted as budgeted revenues for FY 2008/2009.
3. That the amounts reflected as proposed expenditures for FY 2008/2009 as
shown in Exhibit A are hereby appropriated to the department and/or fund for which they
are designated and such appropriation shall not be increased except as provided herein.
' 4. That the legal level of budgetary control is the fund level. Budgets may not
legally be exceeded at the fund level without appropriate authorization by the Agency
Board of Directors.
Page 1 of 2 06-03-2008
5. That total appropriations for each fund may only be increased or
decreased by the Agency Board of Directors by amending the budget except as provided
herein.
6. That the following controls are hereby placed on the use and transfers of
budgeted funds:
a. The Executive Director may authorize all transfers of funds from
account to account within any department.
b. The Executive Director may authorize all transfers of funds from
department to department within any fund.
c. The Executive Director may delegate the authority to make
budget transfers and adjustments.
d. The Executive Director may authorize budget adjustments
involving offsetting revenues and expenditures; the Executive Director may authorize
increases in an appropriation for a specific purpose where the appropriation is offset by
unbudgeted revenues, which is designated for said specific purpose.
6. That all appropriations in the Operating Budget for projects currently
underway and remaining unexpended at June 30, 2009, as approved by the Executive
Director or his designee, are hereby appropriated to the 2008/2009 fiscal year Operating
Budget.
7. That all appropriations for outstanding encumbrances as of June 30, 2009,
as approved by the Executive Director or his designee, are hereby continued into FY
2008/2009 for such contracts and obligations.
ATTEST:
PASSED, APPROVED AND ADOPTED this 3rd day of Jun 009.
MWRIk
fNIIEEELLSEN, bHAIRMAN
MONAHAN, AGENCY SECRETARY
v
ti
a
N
N
Q = O
T
T
R —
M
O
C
O
of
O
U'
N
C
6i
O
O
O
a
J
O J Q O
LL
O
O
O
c
0
0
�
c
c
p C
Q CO O
PO y O. F
O
O
C C
O
O
O
O
O
O
�
L
O
LO C
C
L <J C
T
V
� V LL
Z
H
N
W N
L
C
e]
z LL
•C•
\ %
�
-
O
C
W
❑ 2i
Zl7
oN 1-
_
d
m
N
O
t
o u
rr
n
m
N cr a
w
-
_
o -
o
cn
n
c
r
N
O
P
O
N
?
S O
O
V
l
N
O •
O
C
m
-
U�
O
M
v
ti
Rental Income 5 200 $ $ 0.0
Proceeds of Administration Loan - 300,000 425,000 41.6
Interest Income 56,115 15,000 - -100.0
Director's Salaries
5 3,510 $
4,000 $
4,000
0.00%
Engineering/Design Services
10,579
100,000
25,000
-75.00%
Legal/Professional Services
43,848
64,500
65,160
1.02%
Other Outside Services
5,000
52,300
14,300
-72.66%
Utilities
2,631
3,820
3,820
0.00%
Advertising/Public Notices
-
800
800
0.00%
Office Supplies/Postage
83
750
750
0.00%
Stationery/Printed Material
-
200
200
0.00%
Training/Meetings
20
5,675
5,675
0.00%
Mileage Reimbursements
-
100
100
0.00%
Subscription/Dues
Z,980
2,800
2,800
0.00%
Maintenance
13,435
3,900
3,900
0.00%
Administrative Charges
150,849
173,867
221,586
27.450/c
EXHIBIT A - Page 2
Tax Increment
$ 1,288,557 $
1,142,663 $ 1,286,238
12.
Interest Income
158,176
142,092 115,179
-18.
Repayment of Long Term Gap Loans
878,393
75,000 75,000
0.
Bond Proceeds - 2008 TABS Series B
-
9,080,000 -
-100.
Transfer In from Housing Fund
1,010,000
12,305 -
-100.
Other
20,025
1,509,769 -
-100.
Engineering/Design Services
$ - $
-
$ -
0.000h
Legal/Professional Services
4,059
21,500
20,000
-6.980/a
Other Outside Services
12,566
24,000
24,000
0.00%
Advertising/Public Notices
-
1,500
1,500
0.00%
Office Supplies/Postage
-
500
515
3.00%
Training/Meetings
1,340
1,650
1,150
-30.30%
Administrative Charges
181,917
132,079
186,992
41.58%
Annual Rental Subsidy Program
143,665
212,300
212,300
0.00%
Rental Securement Program
)1,047)
4,200
4,200
0.00%
Other Housing Assistance Programs
-
4,057,553
980,000
-75.85%
Transfers Out -Debt Service
1997 Housing Tax Allocation Bonds
177,176
176,635
175,481
-0.65%
1998 Tax Allocation Refunding Bonds
103,305
103,505
103,542
0.04%
2008 Tax Allocation Bonds, Series B
-
-
765,204
Transfers Out-CIP
-
-
Little Hollywood Housing - Phase it
-
1,500,000
-
-100.00%
Habitat for Humanity
-
2,060,000
-
-100.00%
Affordable Housing Projects
11,578
-
9,080,000
CEP Program Loan Payoff
$ 17,600
-
-
Bond Proceeds Reserve
)9,080,000)
9,080,000
Land Held for Future Affordable Housing Project
(2,547,784)
4,607,784
-
Land held for Future Affordable Housing Project
' Bond Proceeds Reserve
L/T Receivable -SJ Senior Housing
L/T Receivable -CEP Program
$ 4,607,784 $ - $ -
9,080,000
1,550,000 1,550,000 1,550,000
33,220 33,220 33,220
EXHIBIT A - Page 3
COMMUNITY REDEVELOPMENT AGENCY
AFFORDABLE HOUSING BOND FUND
FY 2008/2009
CHANGEINA VAILABLE FUND BALANCE $ $ S
*VA"BLEFUND BALANCE , JULY 1
AVAILABLE FUND BALANCE, JUNE 30
FUND BALANCE, JUNE 30 $ S
AVALLABLE FUND BALANCE, JUNE 30 S
Percent
Actuaf
Projected
Adopted
Change From
Description
2006/07
2007/08
2008,,09
Prior Ycar
4
Interest Income
0.00%
TOTAL - PROJECTED REVENUES AND OTHER SOURCES
S -
$ -
$ -
0.00/0
Transfers •
Multi Family Housing Project
0.00%
TOTAL - ESTIMATED EXPENDITURES AND OTHER USES
S
$
$
0.00%
EXPEDI TURES
$
$
$
CHANGEINA VAILABLE FUND BALANCE $ $ S
*VA"BLEFUND BALANCE , JULY 1
AVAILABLE FUND BALANCE, JUNE 30
FUND BALANCE, JUNE 30 $ S
AVALLABLE FUND BALANCE, JUNE 30 S
COMMUNITY REDEVELOPMENT AGENCY
AFFORDABLE RENTAL HOUSING FUND - LITTLE HOLLYWOOD
FY 2008/2009
Description
TOTAL - PROJECTED REVENUES AND OTHER SOURCES
Actual Projected Adopted
'006/07 2007/08 2008/09
S 127,494 $ 110,033 $ 160,342
TOTAL- ESTIMATED EXPENDITURES AND OTHER USES
$
62,453
$
134,800
$
223,565
CURRENT YEAR REVENUE OVER /UNDER/EXPED/TURES
$
65,041
$
(24,767)
(63,223
Set-aside for future Repair/Maintenance
(30,000)
(30,000)
90,000
CHANGE INAVA7LABLEFUND BALANCE
$
35,041
$
(54,767)
$
26,777
AVAAABLEFUND BALANCE JULY?
$252,342
287,383
232,616
AVAILABLEFUND BALANCE ,JUNE 30
$
287,383
$
232,616
$
259,393
FUND BALANCE JUNE 30
377,383 $ 352,616 $ 289,393
AVAILA BLEFUND HALANCE, JUNE30 S 287,383 S 232,616 S 259,393
Percent
Change From
Prior Year
45.72%
65.85%
Loan/Note Proceeds from City
Bond Proceeds - 2008 TABS Series A
Transfers In -20% Set -Aside Fund
Facade Improvement Progam
Los Rios Parking Lot & Signage
ECR Sidewalk/UUD/ Downtown Lighting
Downtown Signage Program
Verdugo Enhancement Program
Yorba Plaza
LRR Adjacent Property Acquisition/EIR
Lower Rosan Ranch Wetlands Mitigation
Camino Cap & Forster St (EI Adobe) In - Pavement
Calle Jardin Park Improvements
Lower Rosan Ranch Driveway
Historic Town Center Park Sidewalk
Little Hollywood Housing - Phase II
Habitat for Humatity Family Housing
Affordable Housing Projects ( TBD)
$ $ 1,250,000 $ 400.00%
5,500,000 **
11,578 3,560,000 9,080,000 155.06%
$ 62,013
$ 150,000 $
-100.00%
221
1,250,000
-
-100.00%
7,084
249,000
500,000
100.80%
170,653
-
-
0.00%
-
225,000
1,210,000
437.78%
880
0.00%
(3,229)
95,000
150,000
57.89%
60,744
43,000
50,000
16.28%
-
-
95,000
**
-
-
40,000
**
-
-
150,000
**
-
-
245,000
128,192
1,500,000
-
-100.000/
-
2,060,000
-
-100.000h
23,912
9,080,000
**
EXHIBIT A - Page 6
Tax Increment
Interest Income
Interest Income -Note Receivable
City of SJC-Sales Tax Pass-Thru
City of SJC-Interest Accrued
Bond Proceeds
Transfers In -2045 Set -Aside (1997(
Transfers In -2045 Set -Aside It998
Transfers ln-20% Set -Aside (2008(
City of SJC-Wm Lyon Fees
City of SJC(61(-Tax Anticipation
City of SJC(44(-Trullis Acq. Loan
City of SJC(ff5( - Admin Loan
Orange County -17,145 Agreement
SOCCCD Pass-Thru Agreement
Capello Promissory Note
Trullis Promissory Note
LRR Adjacent Properth Acq. ( F& M Bank(
Auto Tax Revenue Pass-Thru
Fluidmaster
Pacific Sales
Capistrano Volkswagen
Sierra Vista
State ERAF Shift
Tax Allocation Bonds -1997
Tax Allocation Bonds -1998
Tax Allocation Bonds -Series A
Tax Allocation Bonds -Series 8
Debt Administration
Kinoshita Acquisition
CUSD Improvement Fund
Transfer Out-Knshta Sinking Fund
Long-term receivables
Cash with Fiscal Agent
Future Debt Repayment
Cash with Fiscal Agent
Long-term receivables
$ 5,154,228 $ 4,761,095 5
132,560
104,838
291,346
311,082
326,281
387,715
-
3,253,000
177,176
176,635
103,305
103,505
5,359,323 1
92,474 -1
317,304
369,531
- -10
175,481 -
103,542
765,204
$ 98,152 $
98,152 $
98,152
180,000
780,000
930,000
20,480
23,517
74,485 2
27,649
386,046
566,894
1,086,302
1,017,700
1,145,600
157,596
80,777
87,888
26,206
-
-
349,839
325,000
291,346
311,082
40,000
40,000
-
20,000
15,304
35,000
6,308
5,000
177,176
176,635
516,526
517,524
7,647
11,01S
647,500
647,500
1,532,951
1,451,092
255.000
3,253,000
$ 15,304 $
(1,664(
184,845
162,189
35,000 $
1,664
183,181
127,189
325,000
317,304
40,000
35,000
5,000
175,481
517,709
128,070
765,204
17,235
647,500
464,893
80,000
35.000
183,181
92,189
0.00%
2.00%
0.00%
-100.00%
0.00%
0.00%
-67.96%
-97.54%
EXHIBIT A - Page 7
Reserve for Debt Service
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
S 4,672,804 S 8,136,080 S 8,500,843
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 08-06-03-01 was duly adopted by the Board of Directors of the Community
Redevelopment Agency at a regular meeting thereof, held the 3rd day of June 2008 by the
following vote:
AYES: DIRECTORS: Soto, Hribar, Uso, Allevato and Chairman Nielsen
NOES DIRECTORS: None
ABSENT: DIRECITORS: None
Agency Secretary
EXHIBIT A - Page 8