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<br />5. 4e- '7
<br />6/1-IV-...?
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<br />PROPOSED REDEVELOPMENT BUDGET
<br />FY 05/06
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<br />EXHIBIT 1
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<br />, I I
<br /> - -------, I ITEM HOUSING GENERAL TOTAL
<br /> ACCT. NO.
<br /> I ;
<br /> Beginning Fund Balance I 1,526,165 1,532.275 3.058,440
<br /> --- Adjustment for CapitialiZed Interest. I 850.000 850,000
<br /> ESTIMATED BEGINNING FUND BALANCEI 1.526,165 2,382,275 3,908.440
<br /> - I
<br /> I--- - Tax Increment.. 1.719,097 6,876.389 8,595.486
<br /> Interest I 29.373 565.467 594.840
<br /> ERAF Rebate I I
<br /> TOTAL REVENUE I I 1.748.470 7.441,856 9,190.326
<br /> -- TOTAL AVAILABLE WORKING CAPITAL I 3,274,635 9,824,131 13,098,766
<br /> I I
<br /> Fixed Obligations
<br /> Transfer for Debt Service 285,945 1,802.256 2,088.201
<br /> Non-Subord. Tax Sharing (Mosquito Abatement Dist) 15.000 15.000
<br /> - ~ Subordinated Tax Sharing Payments 899.931 899.931
<br /> Sequoia Station Dev. Agreement 300,000 300,000
<br /> -- Additional School District Payment 42,321 42,321
<br /> ERAF Transfer I I 719,490 719,490
<br /> TOTAL FIXED OBLIGATIONS 285,945 3,778,998 4,064.943
<br /> -- ----
<br /> I
<br /> Administrative Costs
<br /> -- -- Employee Services 866.462 1,103,002 1,969,464
<br /> 66410 I
<br /> ~-- Supplies & Services 356.049 397,215 753.264
<br /> 66410
<br /> 66410 Internal Services 129.252 157.124 286.376
<br /> 66410 Furniture & EauiDment SO.OOO 20,000 70.000
<br /> ---" Total Administrative Costs I 1.401,763 1.677,341 3.079.104
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<br /> - -~u..-
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<br /> u Program Operating Expenditures I
<br /> 66429 Economic Development I I 211,304 211,304
<br /> --~~~- Home Irrprovement Loans I 300.000 300.000
<br /> -- Total Þro;Jram Operating Costs: I 300.000 211.31)4 511,304
<br /> TOTAL ALL COSTS ¡ I ; 1,987.708 5.667,643 7,655,351
<br /> WORKING CAPITAL BALANCE! ¡ 1.286.927 4,156,488 5,443.415
<br /> I I i
<br /> CAPITAL PROJECTS - HOUSING
<br /> 71623 - ,EI Camino Housing (additional funding) ¡ 360.089 360,089
<br /> Bradford' - I 820,000 820,000
<br /> ,
<br /> CAPITAL PROJECTS - GENERAL I
<br /> Beginning Fund Balance I I 553,985 553.985
<br /> 71346 Underground Parking Garage (additional funding) 1,400,000 1,400.000
<br /> 71803 Cinema Land Assembly Costs (additional funding) 3,400,000 3,400,000
<br /> 71793 Courthouse Plaza (600,000) (600.000
<br /> - Block 2 Land Assembly (1,271,418) (1.271.418
<br /> 71823
<br /> 71913 Downtown Precise Plans 200,000 200,000
<br />I 7600:' Contingency I 300,000 300,000
<br /> TOTAL CAPITAL PROJECTS I í 1.180,089 3,428.582 4,608,671
<br /> : I I I
<br /> TOTAL WORKING CAPITAL BALANCE I 106.838 1,281,891 1,388,729
<br /> I I I
<br /> - -- 'S850,000 can only be applied to debt service
<br /> -~ --
<br /> ..Based on current LAS calculation I
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<br />Buogel.RDA Proposed,Rev
<br />5/20:2005 '136 AM
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