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Resolution Number CRA 09-06-16-01RESOLUTION NO. CRA 09-06-16-01 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY ADOPTING THE FISCAL YEAR 2009/2010 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, 2009, and ending June 30, 2010; and, WHEREAS, the proposed Fiscal Year 200912010 Budget is the basis for the financial and economic implementation of the Community Redevelopment Plan; and, WHEREAS, the proposed Fiscal Year 2009/2010 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 2009/2010 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 2009/2010 Budget in accordance with Exhibit A attached hereto and incorporated by reference herein for a total appropriation amount of $24,391,739 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 2009/2010" is hereby adopted as the Operating and Capital Improvement Budget for the San Juan Capistrano Community Redevelopment Agency for fiscal year 2009/2010. 2, That the amounts reflected as estimated revenues for FY 2009/2010 as shown in Exhibit A are hereby adopted as budgeted revenues for FY 2009/2010. 3. That the amounts reflected as proposed expenditures for FY 2009/2010 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. 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 2009/2010 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 2009/2010 for such contracts and obligations. PASSED, APPROVED AND ADOPTED this 16t�' day of June 2009. ATTEST: MARGARET R. M¢NA AN, AGENCY SECRETARY STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF SAN JUAN CAPISTRANO 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 09.06-16-01 was duly adopted by the Board of Directors of the Community Redevelopment Agency at a regular meeting thereof, held the 16ffi day of June 2009 by the following vote: AYES: DIRECTORS: Nielsen, Allevato, Uso, Freese and Chairman Hribar NOES DIRECTORS: None ABSENT: DIRECTORS: None MAA -dA R -ET R.O ARAN, Agency Secretary SAN JUAN CAPISTRANO COMMUNITY REDVELOPMENT AGENCY jgjjjjej:lj&jljkVj "JA ATlmjW.'AWWVjk "I E� FUND DETAIL STATEMENTS Community Redevelopment Agency BUDGET SL711> NIAIt'Y -ALL FUNDS PY 2009/2010 2009/10 2003]10 2009/10 2009/10 Estimated Transfers Proposed Transfers Description Revenues In ExpendituresOut Housing Set -Aside Fund Little H61ywood Housing fund 2,OS1,354 403,494 . 7,217,468 143,600 223,565 - Affardabie "Oinlog Fund's ITbtai $ 2,793F�#54 $ $ G, z7,t359 ':$" 7,217;46$ dTC&AalAraletf . . "$ !.41,345-$ Debt Service Fund Kinoshita Debt Sinking Fund 7,118,177 1,044,119 7,724,981 950,000 240,326 5 950,000 p"TOO, 1 EiE Exhibit A - Page 1 Community Redevelopment Agency BUDGET SUMM .Ii:Y -.ALL FUNDS FY 2009/2010 2009/10 2009/10 2009/10 Beginning Fading Revenues Fund Balance Reserve Adjustments Increase/(Decrease) Available Available over/(under) Contributions Contributions In Available Fund Balance Fund Balance Expenditures From Reserves To Reserves Fund Balance 07101/08 ...... 06/30/09 Exhibit A - Page 1 2b;J49 15,569,608) 6,218,349 648,741 4,759,651 5,488,392 (80,965) 38,000 (42,965) 198,016 155,052 4.357G67:. :. Ssy634A $ 11,2$3 fii5)' . 1 SA 666; .. 43$5 OW' (512,685) $ 35,000 (477,686) $ 3,028,999 2,551,313 1,190,326 (1,190,326) - $ 14 ; t*ss)..' 8.028,$99', :�'' '- 2551313 •i e a Exhibit A - Page 1 Community Redevelopment 4ency ADMINISTRATION FUNIS . FY 2009/201.0 FUND BALANCE, JUNE 30 $ $ 23,364 $ 24,949 RESERVES Exhibit A - Page 2 Percent Actual Projected Proposed Change From Description 2007/08 2008/09 2009/10 Prior Year PROJECTED REVENUE AND OTHER SOURCES Rental income $ $ $ 0,00% Proceeds ofAdministrationLoan 604,00€) 375,000 ** Interesttncome 73,984 1,202 467 -98.38% Other 325 - - -100.00% Transfer In -RV Storage Fund 6,464 -100.00% IOAL siti�lr?R6fi1i3�4i�1fHRSO_)RCES $ .::'.80,713`;' ESTIMATED EXPENDITURES AND OTHER USES Director's Salaries $ 3,330 $ 4,000 5 4,000 20.12% Advertising/Public Notices - 800 800* Engineering/Design Services 66,591 25,000 25,000 -£12.46% Professional Services 86,546 91,960 76,500 6.26% Utilities 5,056 3,820 3,820 -24.45% office Supplies/Postage 70 750 412 971.43% Stationery/Printed Material 518 200 250 -61.39% Maintenance 5,556 31900 3,900 -29.81% Mileage Reimbursements 33 100 100 203.03% Training/Meetings 2,870 5,675 - 203.48% Subscription/dues 2,980 2,800 3,700 -6.04% Administrative Charges 168,236 221,S86 255,4010 31.71% TOTAL-S73MATD:;EXPVPITURESAND,OTi#2iSES„ 37.3;882 581% CONTRIBUTIONS FROM (TO) RESERVES C1ii1iY�EIAVA#iAtFi7Nt3'.:8Jb1iIiCE< 5 '.15D1181,: FUND BALANCE, JUNE 30 $ $ 23,364 $ 24,949 RESERVES Exhibit A - Page 2 Community Redevelopment Agency . AFFORDABLE HOUSING SET-ASIDE ]FUND FY 2009/2010 COWRISU7TONS FROM fTO) RESERVES Loans to/Payoff of Affordable Housing Loans Bond Proceeds Reserve Land Held for Future Affordable Housing Project FUND BALANCE, JUNE 30 . RESERVES Land held for Future Affordable Housing Project Bond Proceeds Reserve L/T Receivable -Affordable Housing Projects (4,019,769) 75,000 45,000 (9,054,144) 2,880,795 6,173,349 4,607,784 S 19,770,702 $ 16,492,114 $ 10,922,5€16 9,054,144 6,173,349 5,634,114 5,559,114 5,514,11.4 Exhibit A - Page 3 Percent Actual Projected Proposed Change From Description 2007/48 2048/09 2009110 Prior Year PROJECTED REVENUE AND OTHER SOURCES Tax Increment $ 1,532,102 $ 1,577,478 $ 1,609,028 2.00% interest Income 192,415 424,098 327,990 ..22.66% Residential Rental Income - - 69,336 "* Repayment of Gap Financing - 75,000 45,000 -40.00% Bond Proceeds - 2008 TABS Series B 9,054,144 - - 0.00% Transfer In from Housing Fund 96,731 0.00% Other 1,510,769 0.00% O *RO 1 _ i376, i6 '2r 1, 5 i ESTIMATED EXPENDITURES AND OTHER USES Advertising/Public Notices $ $ 1,500 $ 2,015 34.33% Engineering/Design Services - 4.00% Legal/Professional Services 52,447 44,000 12,700 -71.1.4% Training/Meetings 2,240 7.;150 1,150 0.00% Administrative Charges 158,312 186,992 140,329 -24.95% Rental Subsidy Program 141,503 216,500 247,300 14.23% CBDG Leverage - Title 25 - - - b.00% CDBG Leverage/Rehab Loans -Outside Target Area (330) - 0.00% Seasuns Phase (I 37,785 980,000 - -100.00% Habitat for Humanity 2,060,000 - - 0.00% Transfers Out -Debt Service 0.00% 1997 Housing Tax Allocation Bonds 1761635 175,481 173,700 -1.01% 1998 Tax Allocation Refunding Bonds 103,505 103,542 103,432 -0.11% 2008 Tax Allocation Bonds Series B - est - 765,204 766,987 0.23% Transfers Out-CIP 0.00% Little Hollywood Housing - Phase II 171,012 2,880,795 - -100.00% Affordable Housing Project(s) (TBD) - - 6,173,349 W* COWRISU7TONS FROM fTO) RESERVES Loans to/Payoff of Affordable Housing Loans Bond Proceeds Reserve Land Held for Future Affordable Housing Project FUND BALANCE, JUNE 30 . RESERVES Land held for Future Affordable Housing Project Bond Proceeds Reserve L/T Receivable -Affordable Housing Projects (4,019,769) 75,000 45,000 (9,054,144) 2,880,795 6,173,349 4,607,784 S 19,770,702 $ 16,492,114 $ 10,922,5€16 9,054,144 6,173,349 5,634,114 5,559,114 5,514,11.4 Exhibit A - Page 3 Community Redevelopment Agency AFFORDABLE RENTAL HOUSING FUND b LITTLE HOLLYWOOD FY 2009/2010 Percent Actual Projected Proposed Change From Description 2007/08 2008/09 2009/10 Prior Year PROJECTED REVENUE AND OTHER SOURCES Rental income $ 63,863 $ 148,000 $ 137,000 -7,43% Interest Income 13,192 10,497 5,600 46.55% Other - - - T Cii�1-�3itt4SiwG;#EAiF+]ifE�a A?i3 ESTIMATED EXPENDITURES AND OTHER USES Utilities $ - $ 5,200 $ - •100.00`Ya Property Mgmt & Programs 44,650 81,965 89,440 5.129 Maintenance 59,879 73,225 66,125 -9.70% Capital Outlay - 68,000 68,000 O.OWA CONTRIBUTIONS FROM (TO) RESERVES Set-aside for future Repair/Maintenance $ (30,000) $ 38,000 $ 38,000 FUND BALANCE, LUNE 30 $ 349.909 $ 280,016 $ 199,052 RESERVES StockrGi 82,00044,000 Alfl3flALf ftJ11lI?'Af �IIIICf. 11I1SfE 34 S 299�i3 $:. 39$:fl16 5 .. ` X55;52 Exhibit A - Page 4 Community Redevelopment .Agency CAPITAL IMPROVEMENT PROJECT FUNIS FY 2009/2010 ESTIMATED EXPENDITURES AND OTHER USES General Priclects Lower Rosan Ranch Wetlands Mitigation $ 63,236 $ 5,800 $ Percent. Los Rios Parking Lot & Signage Actual Projected Proposed Change From Description 2007/08 2008/09 2009/10 Prior Year #114 - UUD 99-01/#118 - Dowtown Lighting 27,464 - 0.00% PROJECTED REVENUE AND OTHER SOURCES 117,739 182,261 75,000 -58.85% Loan/Note Proceeds from City $ $ 500,000 $ -100.00% Bond Proceeds - Series A - 80% 8,752,978 - 0.00% Interest Income 15,667 122,621 41,345 -66.28% Other 171 92,000 - 0.00% Transfers In-20%set-Aside Fund 171,012 2,880,795 6,173,349 114.2955 T(3TALrrF€1 tc—r1;t5f3E'V-WU0 AN, OT(fER:SC3t)j Ci S 150,000 -100.000/0 ESTIMATED EXPENDITURES AND OTHER USES General Priclects Lower Rosan Ranch Wetlands Mitigation $ 63,236 $ 5,800 $ -100.0096 Los Rios Parking Lot & Signage 221 1,428,000 - -100.0095 Downtown Signage Program 41,768 - 0.00% #114 - UUD 99-01/#118 - Dowtown Lighting 27,464 - 0.00% Facade Improvement Progam 117,739 182,261 75,000 -58.85% LRR Adjacent Property Accjuis€tion/EIR 69,493 270,000 - -100.00% North Depot Parking Lot 37,647 - 0.00% Downtown Beautification 58,928 50,000 -100.00% Calle lardin Park Improvements 92,000 - -100.00°/0 Del Obispo Camino Cap Imp (#111) 140,000 -100.00% Lower Rosan Ranch Driveway 150,000 -100.000/0 Camino Cap & Forster St (EI Adobe) In -Pavement Lit Crosswalk 40,000 -100,00% Rancho Viejo Rd Rehab, Ortega Hwy to lunipero Serra Rd. 1,100,000 - -100.001/0 Business Retention/Economic Development 1,000,000 650,000 -35.00% Paseo De Verdugo Assistance 950,000 - -100.00% UUD-Del Obispo/Paseo Adelanto to Alipaz 722,000 •100.00% Downtown Master Plan 250,000 - -100.00% Project Area Amendment 250,000 -100.00% EI Adobe Plaza/Union Bank Improvements f C€P#111) 100,000 - -100.00% Landscape Median (Camino Capistrano South) - 225,000 Ortega Highway Redesign 250,000 *" Standardized Street Furniture 100,000 *" Replace Old Fret -way Signs - 25,000 Affordable Hou�injz Prolem Little Hollywood Housing - Phase II 171,012 2,880,795 - f00.OD% Affordable Housing Programs (TBD) - 6,173,349 ** ;rkrfix::3�^nni A;t'L^rac'YIlft!'A-i'x\f Tx3nP_f`:.-wa¢Fi-[l'.'t'1cei.�cL^c '::..:.t eno YD L"1!h-',QCL^ - e.?:' ^l '7':f C`.i L"uoe CONTRIBUTIONS FROM (TO) RESERVES Bond Proceeds Reserve FUND BALANCE, JUNE 30 RESERVES $ (8,752,978) $ 6,730,061 $ 1,325,000 $ 8,174,704 $ 2,067,264 $ 783,609 Bond • .2,022,917 697,917 Ri/AILAI CEFUiVtv&,ItLAWCE iUNE'3(! Exhibit A - Page 5 Community Redevelopment Agency DEBT SERVICE FUND FY 2009/2010 Percent Actual Projected Proposed Change From Description 2007/08 2008/09 2009/10 Prior Year PROJECTED REVENUE AND OTHER SOURCES Tax Increment Interest Income City of SJC-Sales Tax Pass-Thru City of SJC-Interest Accrued Bond Proceeds Transfers 1n-20% Set -Aside (1997) Transfers In -20% Set -Aside (1998) Transfers In -20% Set -Aside (2008) 7CiiAl -' 0*�JIE1JENUES AICD 43THE1i S4*C: ES; $ 6,1.28,403 $ 6,309,913 $ 6,436,111 2.00% 149,717 129,199 60,580 -53.11% 231,513 236,099 240,821 2.00% 319,326 343,954 380,665 10,67% 2,512,878 - - 0.00% 176,635 175,481 173,700 -1.01% 103,505 103,542 103,432 -0.11% 1,375,700 765,204 766,987 0.23% 9#6Z1r93i' 8;60 39i ' $ $464* ' ` 44.20% ESTIMATED EXPENDITURES AND OTHER USES City of SJC-Wm Lyon Fees $ 98,152 $ 98,152 $ 98,1.52 0.00% City of SJC(itl)-Tax Anticipation 180,000 1,530,000 930,000 -39.22% City of SJC(#4)-Trullis Acq. Loan 17,521 74,215 73,055 -1.56% City of SJC(#5) - Admin Loan 23,653 341,587 579,458 69.64% Orange County -17.1% Agreement 1,296,771 1,348,700 1,375,700 2.00% SOCCCD Pass-Thru Agreement (82-83) 180,491 134,000 143,000 6.72% SB8211 Pass-Thru (all agencies) - 538,400 185,900 -65.47% LRR Adjacent Properth Acq. ( F& M Bank) 307,258 325,000 325,000 0.00% Auto Tax Revenue Pass-Thru 231,470 236,099 240,821 2,00% Fluidmaster 40,000 40,006 40,000 0.00% Capistrano Volkswagen 14,380 35,000 35,000 0.00% Sierra Vista 6,468 5,000 5,000 0.00% State ERAF Shift - 417,027 425,368 2.001Y. Tax Allocation Bonds -1997 176,635 175,481 173,700 -1.01% Tax A{location Bonds -1998 517,524 517,709 517,158 -0.11% Tax Allocation Bonds/2008-Series A (809'6 -est) - 128,070 65.0,254 407.73% Tax Allocation Bonds/2008-Series 8 (20% -est) - 765,204 766,987 0.23% Debt Administration 7,614 13,766 14,042 2.00% Bond Issuance Costs 870,612 - 0.00% Kinoshita Acquisition 647,500 647,500 647,500 0.00% Transfer Out-Knshta Sinking Fund 900,000 925,000 950,000 2.70% Transfer Out-CUSD Set -Aside Fund 1,453,092 464,893 498,887 7,31% RESERVES Cash with Fiscal Agent Long-term receivables FUND BALANCE, JUNE 30 RESERVES $ 14,380 $ - $ (1,664,426) $ 35,000 $ 35,000 $ 5,688,490 $ 4,991,079 5 4,478,393 Cash with Fiscal Agent 1,849,271 1,849,272 1,849,271 Long-term receivables 147,809 112,809 77,809 JA]/mABLE FtlJs7i3 8AL Olt Cf, iiiN 317 3,691,41i} $' 3,028,99 _$'' 2,5`51;513 Exhibit A - Page 6 Community Redevelopment Agency KINOS IITA DEBT SERVICE SINKING FUND FY 2009/2010 Percent Actual Projected Proposed Change From Description 2007/08 2008/09 2009/10 Prior Year PROJECTED REVENUE AND OTHER SOURCES Transfer 4n -Debt Service $ 900,000 $ 925,000 $ 950,000 2.70% Interest 167,740 200,919 240,326 1.9.619& fiLiT 1ROjEOEi3 REVEN.U;ES IkhtD CITI Sp�1RCE$ $ 1 t3Gi,79tb `, $ 9,175 9 i j96A26. 5 4 b ESTIMATED EXPENDITURES AND OTHER USES Principal Payments $ $ $ 0.00% CONTRIBUTIONS FROM (TO) RESERVES Set-aside for Future Debt Service $ (1,067,740) $ (1,125,919) $ (1,190,326) CiiAritG iJ1(A1f 411 AbdI i111i Slii!iTdC;: ; : . FUND BALANCE, JUNE 30 $ 5,740,544 $ 6,866,463 $ 8,656,789 RESERVES Reserve for Debt Service $ 5,740,544 $ 6,866,463 $ 8,056,789 s r Exhibit A - Page 7