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<br />Attachment 1
<br />Summary of Remaining Working Capital Budget by Scenarios to Pay SERAF for Both
<br />RDA General and Housing Budget
<br />
<br />7C
<br />Page 7
<br />
<br />Agency General Budget - Summary of Remaining Working Capital Balance to Pay SERAF Payment by Scenarios
<br />(numbers are rounded)
<br />Scenario 2009/10 2010/11 2011/12 2012/13 2013/14
<br />
<br />Scenario 1: No Change to
<br />Agency General Fund
<br />
<br />$2,859,000
<br />
<br />$2,822,000
<br />
<br />$4,534,000
<br />
<br />$6,964,000
<br />
<br />$9.454,000
<br />
<br />Scenario 2: Agency
<br />General Fund SERAF Take
<br />
<br />($700,506)
<br />
<br />($1,470,000)
<br />
<br />$242,000
<br />
<br />$2,672,000
<br />
<br />$5,162,000
<br />
<br />Scenario 3: Agency
<br />General Fund SERAF Take
<br />+ Borrow Maximum Hsg
<br />Tax Increment in FY
<br />2009/10 and FY 2010/11
<br />
<br />$1,830,000
<br />
<br />$1,287,000
<br />
<br />$2,346,000
<br />
<br />$4,124,000
<br />
<br />$5,962,000
<br />
<br />Agency Housing Budget - Summary of Remaining Working Capital Balance to Pay SERAF Payment by Scenarios
<br />(numbers are rounded)
<br />Scenario
<br />Scenario 1 and 2: No
<br />Change to Housing Budget
<br />
<br />Scenario 4: Agency
<br />General Fund SERAF Take
<br />+ Borrow Maximum
<br />Housing Tax Increment in
<br />FY 2009/10 and FY
<br />2010/11 + Deobllgate
<br />Proiect Funds
<br />
<br />Scenario 3 and 4: Suspend
<br />Maximum Allowed Housing
<br />Set-Aside Tax Increment In
<br />FY 09/10 and FY 10/11 to
<br />Agency General
<br />
<br />$3,047,000
<br />
<br />$2,504,000
<br />
<br />$3,563,000
<br />
<br />$5,341,000
<br />
<br />$7,179,000
<br />
<br />2009/10
<br />$4,091,000
<br />
<br />2010/11
<br />$7,114,000
<br />
<br />2011/12
<br />$10,181,000
<br />
<br />2012/13
<br />$12,061,000
<br />
<br />2013/14
<br />$14,057,000
<br />
<br />$1,561,000
<br />
<br />$4,357,000
<br />
<br />$8,076,000
<br />
<br />$10,610,000
<br />
<br />$13,258.000
<br />
<br />Sources: Fraser and Associates; City of Redwood City Finance; Redevelopment Agency of Redwood City
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