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<br />Attachment 2
<br />Revenues and Expenditures by Scenario for Both RDA General and Housing Budget
<br />
<br />7C
<br />Page 8
<br />
<br />Scenario 1: No Change to Agency General Fund
<br /> Fiscal Year
<br /> _._'-~. -..
<br />Item 2009/10 (1) 2010/11 (1) 2011/12 2012/13 2013/14
<br /> $2.356.735 $2,858.635 $4,533,590 $6,963.883
<br /> $0 $0 $0 $0 $0
<br /> $500,000 $500,000 $500,000 $500,000 $500,000
<br /> $2,856,735 $3,358,635 $3,321.920 $5.033,590 $7,463,883
<br />TAX INCREMENT AND OTHER REVENUE
<br />Gross Tax Increment $7,978,420 $8,168,619 $8.937.070 $10,970,214 $11,458,635
<br />County Waiver After Legal Aid Obligallon Paid
<br />Interest $35,813 $0 $0 $0 $0
<br />Borrow 09/10 Housing Tax Increment $0 $0 $0 $0 $0
<br />Borrow 10/11 Housing Tax Increment $0 $0 $0 $0 $0
<br />Other Revenue $6.000 $6,000 $0 $0 $0
<br />Total Tax Increment and Other Revenue 58,020,233 $8,174,619 $8,937,070 $10,970,214 $11.458.635
<br />Total Revenue $10 "6,,~ $11533,254 $12.258,990 $18 804 $18.922 519
<br />Debt Service (2) 51,793.540 $3,004,883 $1,850.975 52,991.075 $3,280,481
<br />Other Obligations (3) $2,018.841 $2,064,450 $2,155.418 $2.249.981 $2.305,963
<br />Total Fixed Obligation $3,812,381 $5,069,333 $4,006.393 $5,241,056 $5.586,444
<br />% of Total Revenue 35% 44% 33% 33% 30%
<br />Total Available for Admin and Projects $7.064,587 $6,463,920 $8,252.598 $10,762,748 $13.336,075
<br />% of Total Revenue 65% 56% 67% 67% 70%
<br />ADMINISTRATIVE COSTS
<br />Employee Services (4) 52,007,053 $2,081.284 $2,158.292 $2,238.148 $2,320,960
<br />Supplies & Services $403,939 $403.939 $403,939 $403,939 $403.939
<br />Internal Services $208.115 $218,752 $218,752 $218.752 $218,752
<br />Furniture & Equipment $0 $0 $0 $0 $0
<br /> __ _ ,.___~_ _"U
<br />Total Administrative Costs $2,619,107 $2,703.975 $2.780,983 $2,860,839 $2,943,651
<br />% of Total Revenue 24% 23% 23% 18% 16%
<br />Remaining Balance for Programs. Projects, Reserves $4,445,480 $3,759,945 $5,471,615 $7,901,908 $10,392,424
<br />% of Total Revenue 41% 33% 45% 49% 55%
<br />PROGRAM OPERATING EXPENDITURES
<br />Downtown Development Programs $334,845 $336,025 5336,025 $336.025 $336.025
<br />Storefront Improvements 5102,000 $102,000 5102,000 $102.000 $102.000
<br />Total Program Operating Costs $436,845 $438,025 $438,025 $438,025 $438.025
<br />PROJECTS
<br />Marina Area Planning Study $100,000 $0 $0 $0 $0
<br />DT Seasonal Banners & Decorations $50,000 $0 $0 $0 $0
<br />Hoover Mobility Project 5500 000 IQ .IQ IQ IQ
<br />Subtotal $650,000 $0 $0 $0 SO
<br />Operating Reserve $500,000 $500,000 $500.000 $500,000 $500,000
<br />REMAINING WORKING CAPITAL BALANCE $2,858Je~5 $2,821.920 $4,533,590 ~963,8B3 $9.454.399
<br />% of Total Revenue 26% 24% 37% 44% 50%
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<br />
<br />
<br />(1) FY 2009/10 beginning fund balance as of June 30,2009 with laleSt general ledger per Allison F and indudes the $736,291 held in FY 07/08 ERAF. FY
<br />2009/10 and 2010/11 gross lax increments and fixed obligations from Fraser and Associates: remaining figures from General FY 09/10 Budgel prepared by
<br />Finance Depl.
<br />
<br />(2) Includes 1997 and 2003 Bonds.
<br />
<br />(3) Indudes school district loan, repayment on City loan. nonsuborclinated tax sharing for mosquito abatement.
<br />
<br />(4) Assumes
<br />
<br />3.7% annual increase.
<br />
<br />Sources: Fraser and Associates; City of Redwood City Finance; Redevelopment Agency of Redwood City
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