HomeMy WebLinkAboutItem No.SA6CITY OF LAKE ELSINORE
REPORT TO THE REDEVELOPMENT AGENCY
TO: REDEVELOPMENT AGENCY CHAIR;'AND BOARD
FROM: RON MOLENDYK, EXECUTIVE DIRECTOR
DATE: JULY 13, 1993
SUBJECT: RESOLUTION 93 ADOPTION,OF F/Y 1993 -94 BUDGET
Each year the Executive Director presents to the Agency Board a
budget of the Agency fiscal condition and financial plan.
DISCUSSION
This year's budget is balanced and reflects an estimate of
$2,400,000 of State /Federal Grant Government Funds for the San
Jacinto Bridge replacement.
FISCAL IMPACT a;
This year's budget totals $15,605,600 which includes $9,849,700 for
Capital Projects and $4,055,900 for�debt services.
At the Board's study session of 7/1/93, the Amber Ridge budget in
the amount of $55,000 was deleted as funds will not be required
until F/Y 1994 -95.
Adopt Resolution 93 -4 approving the F/Y 1993 -94 Budget.
PREPARED BY:
APPROVED FOR
AGENDA LISTING:
AGENDA ITEM NO.
PAOrz --I-
RESOLUTION NO. RDA 93 - LA
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING AND
ADOPTING THE BUDGET FOR FISCAL YEAR 1993 -94 AND
APPROPRIATING THE FUNDS NECESSARY TO MEET THE
EXPENDITURES SET FORTH THEREIN
WHEREAS, the Executive Director has submitted to the Board of
Directors of the Lake Elsinore Redevelopment Agency a budget for
Fiscal Year 1993 -94 having proposed expenditures for all funds in
the amount of $15,605,600; and
NOW, THEREFORE, the Board of Directors of the Lake Elsinore
Redevelopment Agency does hereby find, determine and declare that
the budget for fiscal Year 1993 -94 is hereby PASSED, APPROVED AND
ADOPTED this 13th day of July, 1993, by the following vote:
AYES:
BOARDMEMBERS:
NOES:
BOARDMEMBERS:
ABSENT:
BOARDMEMBERS:
ABSTAIN:.
BOARDMEMBERS:
JIM WINKLER, CHAIRMAN
LAKE ELSINORE REDEVELOPMENT AGENCY
ATTEST:
VICKI LYNNE KASAD
CLERK OF THE BOARD
APPROVED AS TO FORM AND LEGALITY:
JOHN R. HARPER, AGENCY ATTORNEY
AGENDA ITEM NO.
p.