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<br />
<br /> Attachment 2 7C
<br />Revenues and Expenditures by Scenario for Both RDA General and Housing Budget Page 9
<br />Scenario 2: Agency General Fund SERAF Take
<br /> --------- -.- - . Fiscal Year
<br />Item 2009110 (1) 2010111 (1) 2011112 2012113 2013114
<br /> $241,684 $2,671,978
<br /> $0 $0 $0 $0
<br /> $500,000 $500,000 $500,000 $500.000
<br /> $2,856,735 ($969,985 $741,684 $3,171,978
<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 Obligation Paid $0 $0 $0 $0 $0
<br />interest $35,813 $0 SO $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 />Olher Revenue , S6,OQ.D., _ ,__ $6.000 ____~o_ $0 $0
<br />TomITaxlnc~entarld-6'~erRevenue $8,020,233 $8,174,619 $8,937,070 $10,970.214 $11.458.635
<br />ITotaf Rewenue $10,876.968 $1,974.112 $7,967,085 $11,711,898 $14,630,613
<br />Debt Service (2) $1.793,540 $3,004,883 $1,850,975 $2,991,075 $3,280,481
<br />Other Obligations (3) $5,577.982 $2,797.215 $2,155.418 $2,249.981 $2,305,963
<br /> $7,371,522 $5,802.098 $4,006.393 $5,241,056 55,586,444
<br /> 68% 73% 50% 45% 38%
<br />Total Available for Admin and Projects $3,505,446 $2,172,015 $3,960,692 $6,470,842 $9,044,169
<br />% of Total Revenue 32% 27% 50% 55% 62%
<br />ADMINISTRATIVE COSTS
<br />Employee Services (4) $2,007.053 $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 5208,115 $218,752 $218,752 $218,752 $218,752
<br />Furniture & EqUipment $0 $0 $0 $0 $0
<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 $886,339 ($531,960) $1,179,709 $3,610,003 $6,100,518
<br />% or Total Revenue 8% -7% 15% 31% 42%
<br />PROGRAM OPERATING EXPENDITURES
<br />Downtown Development Programs $334,845 $336,025 $336.025 $336,025 $336,025
<br />Storerront Improvements ImQQ.Q ~ ~ 5102 000 ~
<br />Total Program Operating Costs $436,845 $438,025 $438,025 $438.025 $438.025
<br />PROJECTS
<br />Marina Area Planning Sludy $100.000 $0 $0 $0 $0
<br />DT Seasonal Banners & Decoralions 550,000 $0 $0 $0 $0
<br />Hoover Mobilitv Proiecl $500 000 lQ lQ ~ JQ
<br />Subtotal $650,000 $0 $0 $0 $0
<br />Operating Reserve $500,000 $500,000 $500,000 $500,000 $500,000
<br />REMAINING WORKING CAPITAL BALANCE (S700,5aG} ($1,469,985) $241,684 $2,671,978 $5,182,493
<br />% of Total Reytlnue ..e% -18% 3% 23% 35~
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<br />
<br />
<br />(1) FY 2009110 beginmng fund balance as of June 30,2009 with latesl general ledger per Allison F and includes the $736,291 held in FY 0710S ERAF. FY
<br />2009/1 0 and 2010111 gross tax increments and fixed obligations from Fraser and Associates; remaining figures from General FY 09110 Budget prepared by
<br />Finance Dept.
<br />
<br />(2) Includes 1997 and 2003 Bonds.
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<br />(3) Includes school district loan. repayment on City loan, nonsubordinated tax sharing for mosquito abatement
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<br />(4) Assumes
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<br />3.7% annual Increase.
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<br />Sources: Frsser and Associates; City of Redwood City Finance; Redevelopment Agency of Redwood City
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