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12/14/2009
<br />Exhibit A
<br />Table of Recommended Appropriation Revisions FY 2009 -10
<br />(1) The October 19, 2009 report to the Agency Board showed a projected $2.86 million remaining working balance in
<br />the Agency general fund for FY 2009/10. The difference from this number to the $1,611,226 working capital
<br />balance as shown above is a result of two factors: 1) the 1997 final bond payment of $1,339,242 approved by the
<br />Board on Oct. 26, 2009, and 2) adjusting the projected gross property tax increment from $7,978,420 to $7,996,828
<br />to reflect the County of San Mateo's levy letter received in late Oct. 2009.
<br />(2) The October 19, 2009 report to the Agency Board showed a projected $4.09 million working capital balance in the
<br />Agency housing fund for FY 2009/10. The difference from this number to the $4,365,588 working capital balance as
<br />shown above is a result of adjusting the projected tax increment of $4,356,935 to $4,631,237 to reflect the County
<br />of San Mateo's levy letter received in late Oct. 2009.
<br />ATTY /RESO /RESO.1968 2 14988
<br />121009 MUFF # 404
<br />Agency General Fund (807)
<br />Agency Housing Fund (806)
<br />New
<br />New
<br />Item
<br />Amount Account
<br />Amount Account
<br />Working Capital Balance
<br />$1,611,226 (1)
<br />$4,365,588 (2)
<br />Recommended Appropriations
<br />SERAF
<br />1. State SERAF takeaway FY 2009/10
<br />($1,400,000) 807 -66415
<br />-- --
<br />2. SERAF Borrow
<br />-- --
<br />($2,812,838) 806 -66415
<br />Other Proiects and Programs
<br />3. Traffic Impact Fee Subsidy Program
<br />($120,000) 807 -66460
<br />-- --
<br />4. Housing Landbanking
<br />-- --
<br />($1,300,000) 806 -71953
<br />5. Cedar Street Project
<br />-- --
<br />($250,000) 806 -71952
<br />Total Appropriations
<br />($1,520,000)
<br />($4,362,838)
<br />Remaining Working Capital Balance
<br />$91,226
<br />$2,750
<br />(1) The October 19, 2009 report to the Agency Board showed a projected $2.86 million remaining working balance in
<br />the Agency general fund for FY 2009/10. The difference from this number to the $1,611,226 working capital
<br />balance as shown above is a result of two factors: 1) the 1997 final bond payment of $1,339,242 approved by the
<br />Board on Oct. 26, 2009, and 2) adjusting the projected gross property tax increment from $7,978,420 to $7,996,828
<br />to reflect the County of San Mateo's levy letter received in late Oct. 2009.
<br />(2) The October 19, 2009 report to the Agency Board showed a projected $4.09 million working capital balance in the
<br />Agency housing fund for FY 2009/10. The difference from this number to the $4,365,588 working capital balance as
<br />shown above is a result of adjusting the projected tax increment of $4,356,935 to $4,631,237 to reflect the County
<br />of San Mateo's levy letter received in late Oct. 2009.
<br />ATTY /RESO /RESO.1968 2 14988
<br />121009 MUFF # 404
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