OSB 14-005 RESOLUTION NO. OSB 14-005
A RESOLUTION OF THE OVERSIGHT BOARD
TO THE SUCCESSOR AGENCY OF THE POWAY REDEVELOPMENT AGENCY
APPROVING A FY 2000-01 (B) SEWER FUND LOAN BETWEEN
THE CITY OF POWAY AND THE FORMER POWAY REDEVELOPMENT AGENCY
AND MAKING FINDINGS RELATING THERETO
WHEREAS, pursuant to the provisions of the California Community Redevelopment
Law (Health and Safety Code Section 33000 et seq.), the City Council of the City of Poway
("City") activated the Poway Redevelopment Agency ("Redevelopment Agency") and
adopted, and subsequently amended, the Redevelopment Plan for the Paguay
Redevelopment Project Area ("Redevelopment Plan"); and
WHEREAS, in furtherance of its redevelopment activities, the City and
Redevelopment Agency completed a loan in FY 2000-01 (FY 2000-01 (B) Sewer Fund
Loan; Exhibit A), whereby the City lent to the Redevelopment Agency an amount equal to
$1,342,500 from the City's Sewer Fund for assisting the Pomerado Road Improvements
Project; and
WHEREAS, Assembly Bill (AB) X1 26, enacted June 2011, and AB 1484, enacted
June 2012 (collectively, the "Dissolution Act") required the dissolution of redevelopment
agencies and established certain procedures and requirement for the wind-down of their
activities; and
WHEREAS, the Successor Agency to the Poway Redevelopment Agency
("Successor Agency") is the successor entity to the Redevelopment Agency and, pursuant
to the Dissolution Act, is responsible for the wind-down affairs of the former
Redevelopment Agency, including without limitation the performance and repayment of all
enforceable obligations of the former Redevelopment Agency; and
WHEREAS, the Oversight Board is the oversight board to the Successor Agency
and, pursuant to the Dissolution Act, is responsible to oversee the actions of the
Successor Agency in the wind-down affairs of the former Redevelopment Agency,
including without limitation the performance and repayment of all enforceable obligations
of the former Redevelopment Agency; and
WHEREAS, Health and Safety Code Section 34171(d)(2) provides, with a few
exceptions, that "enforceable obligation" does not include any agreements, contracts, or
arrangements between the city, county, or city and county that created the redevelopment
agency and the former redevelopment agency; and
WHEREAS, the Dissolution Act further provides that after a successor agency
receives a finding of completion from the Department of Finance ("DOF") pursuant to
Health and Safety Code Section 34179.7, loan agreements entered into between the
redevelopment agency and the city, county, or city and county that created the
redevelopment agency shall be deemed to be enforceable obligations provided that the
oversight board makes a finding that the loan was for legitimate redevelopment purposes;
and
Resolution No. OSB 14-005
Page 2
WHEREAS, the Successor Agency has received a finding of completion from the
DOF on May 24, 2013; and
WHEREAS, in addition to establishing when a loan agreement between the city and
redevelopment agency shall be deemed to be an enforceable obligation, Health and
Safety Code Section 34191.4 further establishes certain restrictions and limitations
concerning loan repayments; and
WHEREAS, the City and Successor Agency have submitted the FY 2000-01 (B)
Sewer Fund Loan, together with other information relating thereto, to the Oversight Board
and requested that the Oversight Board approve the FY 2000-01 (B) Sewer Fund Loan,
and find that the loan of funds under the FY 2000-01 (B) Sewer Fund Loan was for
legitimate redevelopment purposes;
NOW, THEREFORE, BE IT RESOLVED by the Oversight Board to the Successor
Agency of the Poway Redevelopment Agency as follows:
Section 1. Recitals. The recitals set forth above are true and correct and are
incorporated into this Resolution by this reference.
Section 2. Findings. The Oversight Board has reviewed the original purpose and use of
the FY 2000-01 (B) Sewer Fund Loan and hereby finds and determines that the loan of
funds by the City to the former Redevelopment Agency under the FY 2000-01 (B) Sewer
Fund Loan was for legitimate redevelopment purposes. This finding is based upon the
following:
a) The amounts due and owing to the City under the FY 2000-01 (B) Sewer Fund
Loan reflect the repayment to the City of amounts advanced to or on behalf of
the former Redevelopment Agency for funding the Pomerado Road
Improvements Project to benefit the Paguay Redevelopment Project Area and
the community.
b) Financing public improvements in the Paguay Redevelopment Project Area was
specifically identified in the Redevelopment Plan as activities to be undertaken
by the Redevelopment Agency to further the goals of the Redevelopment Plan.
c) Health and Safety Code Section 33133 authorizes a redevelopment agency to
accept assistance from any public or private source for the redevelopment
agency's activities. Furthermore, the Redevelopment Plan specifically
authorizes the Redevelopment Agency to receive assistance from the City in
forms that include advances and loans.
d) The Redevelopment Agency was established for the purpose of eliminating
blight; stimulating private investment; upgrading commercial and industrial
areas; developing parks and recreation facilities; financing public improvements;
alleviating infrastructure deficiencies; and providing affordable housing in the
areas constituting the Paguay Redevelopment Project Area pursuant to the
adopted Redevelopment Plan. The Redevelopment Agency entered into the FY
Resolution No. OSB 14-005
Page 3
2000-01 (B) Sewer Fund Loan with the City in order to borrow funds necessary
for the Redevelopment Agency to complete the Pomerado Road Improvements
Project in accordance with and in implementation of the Redevelopment Plan
and the five-year Implementation Plan adopted by the Redevelopment Agency
pursuant to Health and Safety Code Section 33490.
e) The amounts provided to the Redevelopment Agency under the FY 2000-01 (B)
Sewer Fund Loan were loaned to the Redevelopment Agency to further the
Redevelopment Agency's redevelopment activities and goals in accordance with
and in furtherance of the Redevelopment Plan and the Implementation Plan, to
benefit the Paguay Redevelopment Project Area and the surrounding
community.
Section 3. Approval of FY 2000-01 (B) Sewer Fund Loan. The Oversight Board hereby
approves the FY 2000-01 (B) Sewer Fund Loan from the City to the former
Redevelopment Agency, including without limitation the recalculation of interest using the
Local Agency Investment Fund rate as of the quarter ending December 31, 2013, in
accordance with and as set forth in the FY 2000-01 (B) Sewer Fund Loan Repayment
Schedule (Exhibit B). The total principal and interest owed ("Amounts Owed") for the FY
2000-01 (B) Sewer Fund Loan is $1,359,952.50. The Oversight Board further determines
that the repayment of Amounts Owed under the FY 2000-01 (B) Sewer Fund Loan is an
enforceable obligation and the Successor Agency is authorized to include the repayment
of the FY 2000-01 (B) Sewer Fund Loan as an enforceable obligation under its future
Recognized Obligation Payment Schedules (ROPS) submitted to the Oversight Board for
approval. As Proposition 218, and other constitutional requirements that must be met,
support the need for repayment of the full amounts loaned to the Redevelopment Agency
from the City's Sewer Fund, the Oversight Board hereby approves, and authorizes the
Successor Agency to take such actions, in cooperation with the City, to ensure that all
monies due and owing under the FY 2000-01 (B) Sewer Fund Loan are repaid in full to the
City's Sewer Fund.
Section 4. Transmittal of FY 2000-01 (B) Sewer Fund Loan to Department of Finance.
The Successor Agency is hereby authorized and directed to take any action necessary to
carry out the purposes of this Resolution, including without limitation, providing any
documentation and evidence to the Department of Finance as necessary to obtain from
the Department of Finance approval of the FY 2000-01 (B) Sewer Fund Loan as an
enforceable obligation.
Resolution No. OSB 14-005
Page 4
PASSED, ADOPTED AND APPROVED by the Oversight Board to the Successor
Agency of the Poway Redevelopment Agency at a meeting thereof this 30th day of April
2014.
Bruce Tarzy, Chair
ATTEST:
Sheila R. Cobian, CMC, Secretary
Resolution No. OSB 14-005
Page 5
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
I, Sheila R. Cobian, Secretary of the Successor Agency to the Poway
Redevelopment Agency, do hereby certify under penalty of perjury that the foregoing
Resolution No. OSB 14-005 was duly adopted by the Oversight Board to the Successor
Agency of the Poway Redevelopment Agency at a meeting of said Board held on the 30th
day of April 2014, and that it was so adopted by the following vote:
AYES: TARZY, FONG-SAKAI, LYON, SCOTT, LADERMAN, THOLANDI
NOES: NONE
ABSENT: TAM
DISQUALIFIED: NONE
•
Sheila . Cobian, CMC, Secretary
Attachments:
Exhibit A — FY 2000-01 (B) Sewer Fund Loan Repayment Agreement and
Supporting Budget Documentation
Exhibit B — FY 2000-01 (B) Sewer Fund Loan Repayment Schedule
•
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•
Chart rciE
i '''• ' POriOtt FT Flscar Year: FiTtiffi Index: L
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Fun* 04 IrP„ Acdourit: (8704 Fr
,
Accrued Transaction Date Type Document Description ArnOunt Debit/
Credit
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: ..... .„..A.• ,4.A.,' ,-.4.. ,,,,--ev..,,, u-,,,,,,,,„:„"rii,ie ,: npi,-.",..5'''• 1,„,:.,,,,S,41244gr
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i .8154 - --', '.:2-2001- --- -..-j Jal°4" ---.':. qcgc4ireFF"......,..,...„.,......„,,_,........,............. ..........„.......„..L.,........,.,4-7,---2201 134,.-ba...._____:- 1-
0140L-2000 COB t thle0Ora ‘• BEGIhNINGiALANCE
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Note: Recording of original loans:$1,342,500&$467,222
Exhibit A
POWAY REDEVELOPMENT AGENCY
(, '��.z��� P.* � ��s � �� ®ce � �A ;fig �� 13,1*, �� �`4. <'1�} �B. zti'
'' s ,,T +r �_%� ,: f ...:d,`�. dirg° .#r r,. ,�' Ex' .. -'14 i,T. " ', , -w- +' . *. .x' :i,:. :. e, .g.I
--s i
d 714° a ..{`eti- _�K 'q' °�`.v a s� �.i.�.��+ �' .s 1 '� ,h�Y�,�" "S� q 'yC s�;�a' e s T 2 +
I0I V,151r O i. 0 1q.:0 4 ; 4-IS. � '�'_ a i °, .3 ,:i' ,.�: 's YtrS ;;,:2`j' r afar.4��'.,,,,,q.
This project will widen the west side of the street,replace storm drains,reconstruct existing driveways,
construct curb inlets,install hydrants,street lights and a traffic signal.
RDA Funding(Included in Streets and Highways Summary)
Activity Through .New Appropriations
Funding Source 4/15/03 July 1,2003 July 1,2004 Total Project.
1993 TABs(434) $516,500 $1,859,000
RDA Capital(436) 831,425 831,425
RDA Sewer Loan(439) 1,342,500 831,425
„e„..�T �.�s •d A *1,SC" :' .6$..r, t .h?'�,h, a:5 e 'aL 4.A ' z : '� F - i+:. 4 e t a.'
Expenditures 2,344,920 2,344,920
Encumbrances 0 0
Remaining Budget $345,505 $0 $0 $1,176,930
City Funding(Not included in Streets and Highways Summary)
Activity Through New Appropriations
Funding Source 4/15/03 July 1,2003 July 1,2004 Total Project
Street Dev.-Cur. (221) 678,059 678,059
St Devel-AB 1600(222) 400,000 400,000
Street Dev-Prop'A'(223) 32,425 32,425
Federal Grant(253) 856,424 856,424
Street Lighting(275) 107,596 107,596
Water Utilities(510) 78,750 78,750
Sewer Utilities(520) 42,000 42,000
i,� »• , r a s =fix .. r Y 5 hex - ' 4,1 g n Via,
r r- *a.'^�,,®s�s 1,-,,,,,. :•as ,,:`5 ¢ `imy t.. ,r Y, ,b A.9i^�" .e, r,�'� s`. ,, ` ,`, ,7, a., .4-z
Expenditures 2,155,673 2,155,673
Encumbrances 0 0
Remaining Budget $39,581 $0 $0 $39,581
I
Total Funding
?,� o }`v �, Y t Y{y YY r.�ati.' ""• ,x+e n w$" w .f $5rt r'::... ,� w^ `.+'"`,.•,.
' o . c }� � 4t, e dp�g am Ufar 3 �f , r?a a 2
., ; w� .r sYrdF �. �w.,to�i »��*�.'.iT .,. . It. , 'kl.k;,. . v. -- mafi�cF '�� r°:t,,' •2M ;: >A'••a,n.;
Total Expenditures 4,500,593 t i ?;4,500,593
Total Encumbrances 0 0
Total Remaining Budget $385,086 $0 $0 $385,086
I
II
F
Exhibit A
I
-Ann 1.
• Limited Distribution
June 26, 2001
CITY OF AY 70,0111‘,..
AGENDA REPORT \ ~` '�'�' i
•
TO: Honorable Mayor and Members of the City Council
FROM: James L. Bowersox,City Mana+a
INITIATED BY: Warren H. Shafer, Director of Administrative Service
Peter Moote, Deputy Director of Administrative Services
Andrew White, Finance Manager,
DATE: June 26,2001
SUBJECT: Proposed FY 2001-02 and FY 2002-03 Comprehensive Financial
Program
ADDITIONAL MATERIAL
In order to fund an attorney fee payment related to Craig/Smith v. Poway Redevelopment
Agency.et al.,it will be necessary to make an additional appropriation of$208,000 from the
Agency General Fund Unappropriated Fund Balance to account 1020-1702D, for Fiscal
Year 2000-01.
JUN 2 6 2001 ITEM
Exhibit A
•
Di.4rt buted 6/21/01
•
•
AGENDA REPORT SUMMARY ( �'�'"''o
IN THE Go.
TO: Honorable Mayor and Members of the City Council
Honorable Chairman and Members of the Redevelopment Agency
FROM: � 1
James L Bowersox, City Manager/Executive Di =
INITIATED BY: Warren H. Shafer, Director of Administrative Services
Peter Moote, Deputy Director of Administrative Services;; ,
Andrew White, Finance Manager
DATE: June 26,2001
SUBJECT: Proposed FY 2001-02 and FY 2002-03 Comprehensive Financial Program
ABSTRACT
This evening's hearing represents the last of three public hearings scheduled for consideration of
the proposed Comprehensive Financial Program for FY 2001-02 and FY 2002-03
- - --
ENVIRONMENTAL REVIEW
• This action is not subject to CEQA review.
FISCAL IMPACT
As stated throughout this report
ADDITIONAL PUBLIC NOTIFICATION AND CORRESPONDENCE
The members of the Budget Review Committee have been notified of this report.
RECOMMENDATION
It is recommended that the City Council/Redevelopment Agency receive public input regarding the
Proposed Financial Program for FY 2001-02 and FY 2002-03, adopt the attached resolutions
authorizing the Proposed Financial Program as amended, and adopt the attached resolutions
authorizing the additional appropriations for FY 2000-01 as identified in this report.
ACTION
•
•
•
n:lcityladmnseMdirectorlbudgetlhearing3fy01-02sum.doe
1 of 21
JUN 2 6 20jTEM # t
Exhibit A
CITYOFPO o
AGEN yA REPO,- T
TO: Honorable Mayor and Members of the City Council
Honorable Chairman and Members of the Redevelopment Agency
FROM: James L. Bowersox, City Manager/Executive Dire -
INITIATED BY: Warren H. Shafer, Director of Administrative Serviceee
• Peter Moote, Deputy Director of Administrative Service
Andrew White, Finance Manager
DATE: June 26, 20.01
SUBJECT: Proposed FY 2001-02 and FY 2002-03 Comprehensive Financial Program
BACKGROUND .
- \ Copies of the Proposed Comprehensive Financial Program were previously distributed to the City .
_ ) Council, and a copy has been filed with the City Clerk. Public hearings for consideration of the --
Proposed Comprehensive Financial Program for FY 2001-02 and FY 2002-03 were held on June
12 and June 19, 2001. in addition to testimony from the public, the Budget Review Committee
presented its annual report regarding the Financial Plan. The public hearing was continued to June
26, 2001, for further consideration and adoption of resolutions authorizing the Financial Plan.
FINDINGS •
As amended to date,the first year of the proposed Comprehensive Financial Program recommends
a City operating budget of$50,745,220 and a Redevelopment/Housing Services operating budget
of$5,892,690. For FY 2002-03, the proposed operating budget for the City is$52,065,470 and
$5,074,540 for Redevelopment/Housing Services. The Program also proposes additional funding
of$2,418,820 for City and Redevelopment Agency capital improvement projects and multi-year
programs. The General Fund Budget remains balanced in both FY 2001-02 and FY 2002-03,with
revenues exceeding expenditures by$341,024 and $159,717 respectively(Attachment 1).
The following tables delineate proposed amendments to revenue and expenditure line-item budgets
based on information received subsequent to printing of the Proposed Financial Program,as well
as adjustments for the current fiscal year. The amendments for the employee Classification and
Compensation Study,as reported in the June 12,2001,Budget Agenda Report,are Included in the
adopting resolutions(Attachments 2 and 3). •
• JUN 2 6 2001 ITEM CI__
2 of 21
Exhibit A
Proposed FY 01-02& FY 02.-3 Comprehensive Financial Program
June 26, 2001
Page 2
Additions(+)and Reductions (-)to City Revenue and Expenditure Budgets:
DepartmentIPtvibilpigt
• • ,.!•..:.:::.•!%7!:•gixitgSr..44,-4 "ki.ViRec •P .; rPT VIC ' • qirMACHSA" rev FY 0203
• -• •• -h..' • —
Administrative
Services
Personnel Consulting&Legal Expenses 0101-4120 +$ 10,000 +$ 10,000
Additional Recruitirjg Ex2enses 10,000_..tk_1_01(109_
Finance GASB 34 Implementation
Services 0103-1799 +$ 25,000
Capital Replacement Replace Tool Boxes - +$ 1,700 -
Community
Services
Office of Director Map Existing
Telecommunication Conduits 0200-4120 +$ 5,000 -
Senior Center Grant Writing
increase PCPA Contribution _____616"Pri2-5
Old Poway Park utilities-Historical slaWyTicig7 Ledo 1,680
Alarm Svc-Historical Society
Bldg. 0205-2200 +$ 1,280 +$ 1,340
Development
Services
Office of Director, • Move LAFCO Expense From
4924 to 5730 0300-4924 -$ 12,000 -$ 12,000
LAFCO Expense at Revised
Estimated Amount 0300-5730 +$ 10,520 +$ 10,1340 -
- PDES Related Protects ._.910174.1?9 -
-Traffic Engineering FY 01 c/f-Circulation Study-
Monte Vista/Hospital Area 0307-1714D +$
Public
Works
Wastewater Poway's Share of Hale
Pumping &Disposal Treatment Plant Upgrades 0403-2820 +$ 117,000 +$ 63,000
Safety
• Services
Fire Suppression FY Mc-if-Training Tower
Evaluation 0501-4304 +$ 11;000 -
FY 01 c/f-Kitchen Remodel 0501-4304 +$ 18,500 -
FY 01 c/f-OSHA Fitness
Testing 0501-4916 +$ 14,400 -
FY 01 c/f-Vehicle Extract
Equipment and Generator
Station 2 0501-6199 +$ 41:360
Paramedics _
FY 01 c/f:Oxygen
Equipment-Waiting for
OSHA Standards 0503-6199 +$ 7,000
Total Expenditure Revisions—City +$ 393,850 +$ 135,780
JUN 2 6 2001
ITEM
3 of21
Exhibit A
Proposed FY 01-02&FY 02--J Comprehensive Financial Program
June 28, 2001
Page 3
Additions (+)and Reductions.(7)to City Revenue and Expenditure Budqets: -
.Cafittliert0e0.19,004,g#V10.0,-,44,0.0 tfuldivos,#:\E;E :td:;-: AMount
'0,6140040.4:1C "FYO1O2 TY:02-03
Parks and Open . Deck Replacement,Pool
Space Replaster, Filter
Replacement 100—new +$ 390,000 -
Parks and Open Additional Funding for Trail
Space Fencing Project 100-1273 +$ 39,820
Water Add Glen Circle Area 510-1736. +$ 260,000 -
Water Refurbish Reservoir 510—new +$ 106,560
Water Construct Ammonia Feed
System 510—new +$ 470,000 -
Parks and Open ADA Access Walkway to
• • Space Porter House 241—new +$ 19,500 -
Parks and Open ADA Playground Equipment
Space -Lake Poway 241—new +$ 20,000 -
Parks and Open ADA Playground Equipment
Space -Various . 241—new +$ 15,000
Parks and Open ADA Access to Playground
Space Equipment-Various 241—new +$ 18,000
Total ExpenditureVevisions—City CIP +$1,338,880 - •
AppropriatithigloMPARADACE3iFT:"08300:010iitiftOrVarlilf..:•••Atiibunti+.11
...";i1•••:-..4.:'.'t'N-r4,•,- • , :N..I riPri A. 41412' .e.,02103
From General Fund To Poway Valley Senior
(100-8912) Center Endowment - +$ 500,000 -
From General Fund To Establish New Sensitive
(100-8912) Lands Acquisition Fund 100—new +$2,000,000 -
Total Appropriations—City +$2,500,000
Additions (+)and Reductions (-)to Redevelopment Agency and Housing Expenditure Budg_ets:
Capital Improvement..
Projects-RdA fr i Yfl't02X.f
Parks and Open Additional Funds for Garden
Space Road Playground Piled 432-5645 +$ 38,000
Total Expenditure Revisions—Rda CIP +$ 38,000 '
. —
•
•
JUN 2 6 2001 ITEM # I
4 of2I •
Exhibit A
Proposed FY 01-02 & FY 02-t,.,Comprehensive Financial Program
June 26,2001
Page 4
FY 2000-01 ADJUSTMENTS
The following table delineates adjustments to the FY 2000-01 Budget for changes not
anticipated during the midyear budget review process.
w K.:,.:tt.••aili;,° C'" ,:'^•` .::rSa 5 it as•...�; ,i�a
f.if¢•.T�1e. � .SC.#D'`.�7� � I'� �..T I � � h-.:J�e.• .... .. %t'ft�1. :
"•.rA3,41:<;1.,tt'0.�f • �.•:.1'wS �.,' .J ��;p�^W'" �++ r A r .i5 -��:•yy,,i 1 u:- . .�
.. " •.r. , t ;fie �.wrei •14 ... I= +.'4 r,t+ 2. ;, '��Y� t,. 'r: 'fir.V
D epartineat7DIOlslori . c ,x :,:: . ..• c sc pt'o ':a '.; ,.� b-�*ea:
ia:.:. ..; ..ArF►oiiaat :::'"
Legislative&
Administrative
+City Clerk Adjustment for Passport Postage 0011-3320 +$ 6,500
_ ._____________Adjustment for Passport Revenue 6.500
City Manager Adjustment for Receptionist's Time 0013-5710 -$ .7,000
Purchase of Parcel No.314433.40 0013.6410 +$ 850
Administrative
Services
Office of Director_. _____ Adjustment for Receptionist's Time __ __ 0100-5710 _:$ _11.500
•Capital Replacement Additional Equipment Replacement 0108-6122C +$O 60,000
Additional Equipment Replacement 0108-6124 _+$ 40,000
Additional Equipment Replacement 0108-6136 +$ 20,000
Community
Services
Recreation Community Days Entertainment 0201-4904 +$ 6,680
Community Days Rental Equipment 0201-4936 +$ _ 3_430_
Aquatics Hi her Gas and Electric Charmes 0203-2110 _._._4 S7,300 _
Performing Arts Ctr. Higher Gas and Electric Charges 0204-2110 +$ 6,000 -
Development
Services
Building and Safety Greater Building Inspection Activity 0303-1706 +$ 142,500
Inspection _._ Greater Building Inspection Activit}r _.M 0303.7734 +1.186,000_
Capiital Projects Greater Plan Check Activity ' 0305-4122 +8 50,000
Engineering Greater Plan Check Activi y 0305-7735 +$ 100,000•
Public
Works
Various Divisions _.___Higher Gas and Electric
Water Transmission and
DIstribution Additional Equipment 0404-4760 +8 15,000
Redevelopment
Services(RdA)
Poinsettia Family MHP _._._.__Higher Gas and Electric Charges ._._.__�.___._ 1120-2110 .- +$ _ 42710
Poinsettia Senior MHP Higher Gas and Electric Charges 1130-2110 +$ 14,080
Total FY 2001 Operating Budget Adjustments—City Expenditures +$ 527,950
Total FY 2001 Operating Budget Adjustments—City Revenues +$ 286,000
Total FY 2001 Operating Budget Adjustments—RdA Expenditures +$ 18,790
•
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•
JUN
5 of 21 16 2001 ITEM #�
Exhibit A
Proposed FY 01-02&FY 02-.4 Comprehensive Financial Program
June 26, 2001
Page 5
• .
�.':::� f''.:{•.Ic"ti�"���•tl^ � �1''�`'� �" (�.j+(�jt �`�i::'•,,:+3-{••'�• c NraY`4.n9��^�� ��� ,M R.Y�'_'+�°��.','(�.+y �. •w'r
Capiitaj;�mprt►�t�men�•. .,,r.514-t. �(r�� ,�:;k�4.�1t� ,r..' .��,•� c�* ,� •ri�,„� i., ,.h. . ...
rye way,./ a*,�H; I3•5:;`,•$_ ' r. y' ,ry �sj � .�',. �'b(•:;r :.� .+i •• �:: •
Projects/Program Lt? ^. 6 W.,n:•V!;f4'i:F..i' P x ti n, 1 y
'A •
eetooint
City
CIPs/Programs
Parks and Open Space Starridge Park 100-5644 +$ 2,563
Sewer Improvement Sewer Master Plan 520-1816 4 1,759
Parks and Open Space Trail Fencing 100-1273 +$ 180
Community Program Household Hazardous Waste Program 250-1697 +$ 103,440
Community Program Law Enforcement Block Grant 100-1109 +$ 784
RdA
CIPs/Programs
Housing Program Poinsettia Sr. Shared Housing Maint. 614-5975 +$ 1,500
Streets and Highways Pomerado Road 439-5291 +$1,342,500
Pomerado Road 434-5291 -$1,342,500
439-0103-
Revenue Loan Proceeds 7813 +$1,342,500
Housing Program Acquisition/Rehab Program 471-5979 +$ 10,000 •
Total FY 2001 CIP/Programs Budget Adjustments—City +$ 108,726
Total FY 2001 CIP/Programs Budget Adjustments—RdA +$ 11,500
Total FY 2001 CIP/Programs Revenue Budget Adjustments—RdA +$1,342,500,
•
, FISCAL IMPACT
As stated throughout this report.
ENVIRONMENTAL REVIEW
This action is not subject to CEQA review.
PUBLIC.NOTIFIC4TION AND CORRESPONDENCE
The members of the Budget Review Committee have been notified of this report.
RECOMMENDATION
It is recommended that the City Council/Redevelopment Agency:
1. • Receive public input regarding the FY 2001-02 and FY 2002-03 Proposed Financial
Program;and
2. Adopt the attached resolutions authorizing the Proposed Financial.Program as
amended;and
3. Adopt the attached resolutions authorizing additional appropriations for FY 2000-01 as
identified in this report.
#
JUN 262001
d of 21 ITEM
Exhibit A•
Proposed FY 01-02& FY 02•.,.s Comprehensive Financial Program
June 26,2001
Page 6
Attachments:
•
1. General Fund Budget Summary
2. City, Budget Adoption Resolution
3. RdA Budget Adoption Resolution
4. City Budget Amendment Resolution
5. RdA Budget Amendment Resolution
n:lcttyladmnservldirectorlbudgetihearing3fy01 O2rpt.doc • • •
4.
i
JUN 2 6 2001 ITEM
7 of21
Exhibit A
•
RESOLUTION NO. R-01
I
A RESOLUTION OF THE POWAY REDEVELOPMENT AGENCY
APPROVING YEAR-END BUDGET AMENDMENTS
FOR FISCAL YEAR 2000-2001
WHEREAS, on June 27,2000,the City Council of the City of Poway adopted the
Poway Financial Program Fiscal Year 2000-01; and
WHEREAS, a year-end review of revenue and expenditure activity has
determined that certain amendments to the. Fiscal Year 2000-01 Poway Financial
Program are necessary.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Poway
Redevelopment Agency as follows:
•
Section 1. The additional appropriations listed in Exhibit "A" and authorized by '
Resolution No. R-01- are to be made.
PASSED, ADOPTED AND APPROVED by the Board of Directors of the Poway
Redevelopment Agency at a regular meeting this 26th day of June 2001.
Michael P. Cafagna, Chairman
ATTEST:
Lori Anne Peoples, Secretary
•
JUN 2 6 2001 ITEM #
20 of 21 Attachment 5
Exhibit A
Resolution No. R-01
Page 3
EXHIBIT 'A'
ADJUSTMENTS TO THE FISCAL YEAR 2000.201 BUDGET
POWAY REDEVELOPMENT AGENCY
•
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i .0-4 to t.f.4, sti x.Ct {`? i ` 'i+E iwr42
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!1$'
Housin• 120-2110 +'• 4,710 •
11 0-2110 +$ 14,080
s,.�. s
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TICJ� �..„R 3a A4 :j e!, i# x b rj a ` cit Yt x.4 r 1�.iU�k arr. !i>'."•
Housin• Pr•sram 814-5975 +•• 1,500
Streets and HI•hwa s 439-5291 +$1,342.500
•
• 434-529 -*.1,342,500
Revenue 439-01'x •
-7813 +$1,342,500
Housin• Program 471-5979 +:. 10,000 •
• r
•
•
•
•
•
JUN 2 6 2001 ITEM #
21 of21
Exhibit A
FY 2000-01 (B)SEWER FUND LOAN 18-YEAR
$1,342,500 Principal Balance
Annual paymenton 6130 of each fiscallear(1.8 year repayment) 77,232.00;
LAIC Interest rate ' ' - - ., '- . - , . . 0.26%
Pymt# Balances Principal Interest Total
Balance @ 6/30/15 1,342,500.00 17,452.50 1,359,952.50
1 I Payment @ 6/30/15 59,779.50 17,452.50 77,232.00
Balance @ 7/1/15 1,282,720.50 - 1,282,720.50
FY 15-16 Interest - 3,335.07 3,335.07
Balance @ 6/30/16 1,282,720.50 3,335.07 1,286,055.57
2 I Payment @ 6/30/16 73,896.93 3,335.07 77,232.00
Balance @ 7/1/16 1,208,823.57 - 1,208,823.57
FY 16-17 Interest - 3,142.94 3,142.94
Balance @ 6/30/17 1,208,823.57 3,142.94 1,211,966.51
3 I Payment @ 6/30/17 74,089.06 3,142.94 77,232.00
Balance @ 7/1/17 1,134,734.51 - 1,134,734.51
FY 17-18 Interest - 2,950.31 2,950.31
Balance @ 6/30/18 1,134,734.51 2,950.31 1,137,684.82
4 I Payment @ 6/30/18 74,281.69 2,950.31 77,232.00
Balance @ 7/1/18 1,060,452.82 - 1,060,452.82
FY 18-19 Interest - 2,757.18 2,757.18
Balance @ 6/30/19 1,060,452.82 2,757.18 1,063,210.00
5 I Payment @ 6/30/19 74,474.82 2,757.18 77,232.00
Balance @ 7/1/19 985,978.00 - 985,978.00
FY 19-20 Interest - 2,563.54 2,563.54
Balance @ 6/30/20 985,978.00 2,563.54 988,541.54
6 I Payment @ 6/30/20 74,668.46 2,563.54 77,232.00
Exhibit B
FY 2000-01 (B)SEWER FUND LOAN 18-YEAR
$1,342,500 Principal Balance
Continued
Pymt# Balances Principal Interest Total
Balance @ 7/1/20 911,309.54 - 911,309.54
FY 20-21 Interest - 2,369.40 2,369.40
Balance 0 6/30/21 911,309.54 2,369.40 913,678.94
7 I Payment 0 6/30/21 74,862.60 2,369.40 77,232.00
Balance 0 7/1/21 836,446.94 - 836,446.94
FY 21-22 Interest - 2,174.76 2,174.76
Balance 0 6/30/22 836,446.94 2,174.76 838,621.70
8 I Payment 0 6/30/22 75,057.24 2,174.76 77,232.00
Balance @ 7/1/22 761,389.70 - 761,389.70
FY 22-23 Interest - 1,979.61 1,979.61
Balance 0 6/30/23 761,389.70 1,979.61 763,369.31
9 I Payment 0 6/30/23 75,252.39 1,979.61 77,232.00
Balance 0 7/1/23 686,137.31 - 686,137.31
FY 23-24 Interest - 1,783.96 1,783.96
Balance 0 6/30/24 686,137.31 1,783.96 687,921.27
10 I Payment @ 6/30/24 75,448.04 1,783.96 77,232.00
Balance 0 7/1/24 610,689.27 - 610,689.27
FY 24-25 Interest - 1,587.79 1,587.79
Balance @ 6/30/25 610,689.27 1,587.79 612,277.06
11 I Payment @ 6/30/25 75,644.21 1,587.79 77,232.00
Balance 0 7/1/25 535,045.06 - 535,045.06
FY 25-26 Interest - 1,391.12 1,391.12
Balance @ 6/30/26 535,045.06 1,391.12 536,436.18
12 I Payment @ 6/30/26 75,840.88 1,391.12 77,232.00
Exhibit B
FY 2000-01 (B)SEWER FUND LOAN 18-YEAR
$1,342,500 Principal Balance
Continued
Pymt# Balances Principal Interest Total
Balance @ 7/1/26 459,204.18 - 459,204.18
FY 26-27 Interest - 1,193.93 1,193.93
Balance @ 6/30/27 459,204.18 1,193.93 460,398.11
13 . I Payment @ 6/30/27 76,038.07 1,193.93 77,232.00
Balance @ 7/1/27 383,166.11 - 383,166.11
FY 27-28 Interest - 996.23 996.23
Balance @ 6/30/28 383,166.11 996.23 384,162.34
14 I Payment @ 6/30/28 76,235.77 996.23 77,232.00
Balance @ 7/1/28 306,930.34 - 306,930.34
FY 28-29 Interest - 798.02 798.02
Balance @ 6/30/29 306,930.34 798.02 307,728.36
15 I Payment @ 6/30/29 76,433.98 798.02 77,232.00
Balance @ 7/1/29 230,496.36 - 230,496.36
FY 29-30 Interest - 599.29 599.29
Balance @ 6/30/30 230,496.36 599.29 231,095.65
16 I Payment @ 6/30/30 76,632.71 599.29 77,232.00
Balance @ 7/1/30 153,863.65 - 153,863.65
FY 30-31 Interest - 400.05 400.05
Balance @ 6/30/31 153,863.65 400.05 154,263.70
17 I Payment @ 6/30/31 76,831.95 400.05 77,232.00
Balance @ 7/1/31 77,031.70 - 77,031.70
FY 31-32 Interest - 200.28 200.28
Balance @ 6/30/32 77,031.70 200.28 77,231.98
18 Payment @ 6/30/32 77,031.70 200.28 77,231.98
Balance @ 7/1/32 - - -
Exhibit B