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<br />ATTACHMENT 1
<br />
<br />7A-2
<br />Page 7
<br />
<br />Proposed Redwood City Redevelopment Agency Budget
<br />GENERAL (159/807)
<br />
<br /> i ! , Budget Amended ProDOSed Proposed Proposed
<br />-. -.---. m..___+
<br />ACCT # i I ITEM Mld.Year SprIng, 2006 Spring, 2008 ~ptiO~_
<br /> I
<br />-- ._-----:--~-_. i---------- ----.-...--- -~--_..,
<br /> ; i 06107 06107 07/08 07/08 07/08
<br /> Beglnni~ Fund Balance i. l ?72,398 272,398 64,969 186,004 186,004
<br />--'~--- Add back project/encumbrance roUover i 30,808 30,808
<br />~_~ T~_~.!!'ting ReseN~_J______,,_ --
<br />1--'---------- 750,000 . .!50,OOO 750000
<br />_.~_._-~_..__.~-- -.
<br />..~__~m,","_.__~ ~r Re~~e (ClCAG Grant $1~590/~<::..~IP G~_~~_B7!~L _____!'i5.:! ,49Q_ ___ 551,49q" ~"'----"-~'~~-'--' 1--------,-- ----.-..
<br />------- ~~her Revenues (Fair Oaks Access Justice Grant) f--------- _.m153,00~ ------------' ~,_._.-.._- -.----.---....--
<br /> ~~TCapitalized lnt" I 1--'-- 560,000 560,000
<br />-- ESTIMATED BEGINNING FUND BALANCE 1,414,696 1,567,696 814,_ 936,004 936,004
<br />-, ........-----.. Tax Increment" (Estima~ ! I 7,119,756 _}~1~,756 7,137,436 I--J,950,6~ >-~9501?~_.
<br />-~---_.._--- '~~erest~_--1_==___f_,__-=_~_=1.___~==:_~.__ "__".JJ:~l?n_ _____..??~.~11_! ___~5,60ll. ___._~~525_ 85,525
<br />-..--.-,:-'---
<br />.~~.- ~~~~____ ___+ i ,.' .~-
<br />-_. Olher Revenue i ;
<br /> I i -
<br />...--",-',".~..~..", ERAF Excess Refund
<br /> TOTAL REVENUE I : 7,345,433 7,371,174 7,183,036 8,036,224 8,036,224
<br />....-- .... ----- ----.
<br />--.....-...---....-. TOTAL AVAILABLE WORKING CAPITAL i 8,760,129 8,938.870 7,998,005 8.972,228 8,972.228
<br /> Fixed Obligalion& i I -...-
<br /> Transfer for Debt Service I 1,802,193 1,802,193 1,800,608 1,800,608 1,800,608
<br />J!Q.!.:66411 ~~~~~bof(t Tax Shari"2.~!?~.9ulto AIl.l!~e~_nt[)i~l}__..__ 15,000 15,000 15,000 _.~QQ.Q. >-_-1.5,000
<br />.!!Q?::.~_-:.1",~" ~1J~.rdinaled Tax Sh~r1~ f':~!!'~~__~______..___._ . . 1.091,000 ~091_,gOO_ _1.R.~1 ,OQQ. _~ ,091,~Q. J ,09~OO_Q.
<br />807-66454 Sequoia Station OliVo, Agreement I 300,000 300.000 300,000 300,000 300,000_
<br /> -',-
<br />807-66418 AddiliO"!ll_~.hooI District Payment , 42,321 42,321 42,321 42,321 42,321
<br /> I
<br /> I --
<br />~Q,,3-66491 RDA Interest On Clly Loan I 123,600 123,600 123.600 123,600 123,600
<br />803-66491 RDA Interest On CIty Loan from FY 04JQ5 and FY 05106 176,886 176,886
<br />-,,---.-----.'.
<br />---_.-_.__.~ TOTAL FIXED OBLIGATIONS r- 3,551,000 3,551,000 3,372,529 3,372,529 3,372,529
<br /> Admlnislr2ltlve Costs --t------- I '- ------ ._--~ --
<br /> -
<br />159-66410 Employee SllIVices 1--1,203,473 1,605.817 1,270,996 1.726,460 1,726,460
<br /> ; -- -'"
<br />.....-..........--._....-.-_.. ,,~~2-I..ransfer one p~nner FTE 10 Ge~!:'!..~___"__ ~------.-- 1----,--,-----_. -...--....--.-..-.-- ,-.--'-'- _._(1~_~,QQQ
<br /> Option: Add on one Code Enforcemenl Officer HE 1----,--, -....-...----- -----~----"- -_._-...-- _...--Jl3, 1.~.?
<br />159-66410 SUpplli;& servl~;---I-----I---------- 395,716 -_._-~~!,~~ _'n 3~~E. _ 396,017- __3~~
<br />159-66410 Internal Services i i ___ I--_ 157,374 157.374 163,989 166,657 166,657
<br />J?~.~410 Furniture & Equipment I 1 20,000 20,000 20,000 20,000 20,000
<br /> Total Adminfattatlvli Costs i 1,776,563 2,170,407 1,851,002 2,309.134 2,267,250
<br /> ~~~~ratlng EX~_~~I!!-__ I
<br />._~.--...__.._-......._.._. -" ! . . ..-...-~.._-_._.__.- ~---_.....- ---.-.........-.---- nnn.'___'_c__:_ -,,-----'._- -----,,---
<br />807-66429 Economic Develolllllllnt 349,933 349.933 _326..240 326,672 326,672
<br /> ----------+--._--~-
<br />.~-6!l~ Slorefronllrnprovements-. i ~8!~ -- 105,875 100,000 100,000 1oo,~
<br />807-66434 ' FTB Urban Plannlng/Urban Design ASsistance ----.
<br />'''.-....--..--.----.-- :rotal Program Operating Costs ! 455,808 455,808 426,240 426,672 426,672
<br /> :rOTAL ALL COSTS 5,783,371 6,177,215 5,649,771 6, 108.335 6,066,451
<br />---
<br />f------- Subtotal I I I 2.976,758 2,761,655 2,348,234 2,863,893 2,905.777
<br /> Ope~ng Reserve I i (!.200,OOO) (750.000) (750,000) (750,000 (750.000
<br />1-- , Encumbrances as of Ju~e .~,2005 '_'n'__J_____,.
<br />.--....--..-.--.- ....--- -_._-~ ~__.___._n_n. .___u_..._.__" -.-.-"
<br />803-71253 Working ~pltal Transfer to Fund Capital P"?J_ects..,-._,,__ ,--------- 1----".- -.---...---- ------- ----_._-
<br />ClCAG HIP Grant for G<itewaya & Sigllage (163,590) (163,590)
<br />803-71243 MTC HIP Grant for Post OffIce P_ I (387,900 "
<br />803-72013 UTe HIP Grant fr PO P.saa to EI Camino Real Grand 8lvd (387.900
<br />-_._~-------' Fair cab- Acce~-;--l __~_~=~--~C==~=~=~=- A_____. -
<br />803-72003 __..j170,0.QQl
<br /> ----..---..-- ---------,,-----.,- .....--.....----- ._---.-._-.-.--
<br />803-72013 EI Camino Real Grand Blvd Imp Proj (~~dt'l funding) _(~_1.~.. 14n ____(?,QQ.OOQ) __ (200!~Q)
<br /> ,..- f------ ,.---_.--
<br /> EI ~no Real Master Plan (outside DT) , (50,000) (50,000
<br />803-72033 Marina Area Planning Study (50,000
<br />803-72023 Transit Connectivity Project I .__ (75,000)
<br />.-._----~--- Contingency '=r======~I:::-=~-=---~ -,-- --------- -----,,,-- --...-
<br />_ 603-1.l?.9.2..l?. __1500,O~/ f-_J.~~g;_OO) _J.~0.c!QQ) ___j500,Q..0Q1 ___J?OO-!.QOO)
<br />803-71483 Chlldcare Site Acquisition 1____ 1-. --(175,000) (175,000 -------
<br /> (876,400- '-----
<br />803-71263 CrItical -PIoneering" Development I (199,514) (199,514) {SOO.OOO (500,OOO)
<br /> - ,
<br />.'-~-''''- TI'8n&fer to City for Prior Year Land Assembly
<br /> TOTAL WORKING CAPITAL BALANce--- 350,754 186,004 221,834 863,893 905,777
<br />----~-~---
<br /> I' Actual equal to 2003 TAB debt Service. $887,075 e.n only be applied to debt service ($327,075+$560,000) .
<br />:~--------'" ~ed -;;;;;-~;ent LAS calculation, 2% inc';;;;~;fy o6iOi--;;-;;Y-01108 ---,.----=.-T------,---=-=~~_.---~_=
<br />_m ==f--,'!~~ includN 803. B09, 1591B07 and 158/806lntel'8sts .... FY 05/06 figure is a roIlOVllr J=_,_~_
<br /> !Note: ThiS budget includes S402,344 mid-year budaet amendmllflt, New PrtWosed ClP, and the Options i
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<br />Budget-RDA Proposed-Rev_
<br />6/14/2007 1:55 PM
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