HomeMy WebLinkAbout2012/10/02 Item 09~""' CITY COUNCIL & SUCCESSOR AGENCY
TO THE REDEVELOPMENT AGENCY
AGENDA STATEMENT
~`~~ CIIY OF
~_.r` CHULAVISTA
OCTOBER 2, 2012, Item_
ITEM TITLE: A. RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AMENDING THE FISCAL YEAR 2011/2012
BUDGET AND APPROPRIATING FUNDS THEREFOR
B. RESOLUTION OF THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF CHULA
VISTA AMENDING THE FISCAL YEAR 2011/12
REDEVELOPMENT OBLIGATION RETIREMENT FUND
BUDGET AND APPROPRIATING FUNDS THEREFOR
C. RESOLUTION OF THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF CHULA
VISTA AMENDING THE FISCAL YEAR 2011/12 BUDGET OF
THE FORMER REDEVELOPMENT AGENCY FUNDS AND
APPROPRIATING FUNDS THEREFOR
SUBMITTED BY: DIRECTOR OF FINA C /TREASURER M~ lvL j'J~[~
REVIEWED BY: CITY MANAGER / (/
ASSISTANT CITY ANAGER
4/STHS VOTE: YES ~ NO
SUMMARY
For government entities, a budget creates a legal framework for spending during the fiscal year.
After the budget is approved there are circumstances that require adjustments to the approved
budget. Per the City Charter, the City Council may amend the budget through a 4/Sths vote.
ENVIRONMENTAL REVIEW
The Environmental Review Coordinator has reviewed the proposed activity for compliance with the
California Environmental Quality Act (CEQA) and has .determined that requesting budget transfers
and amendments is not a "Project" as defined under Section 15378 of the State CEQA Guidelines
because it will not result in a physical change to the environment; therefore, pursuant to Section
15060(c)(3) of the State CEQA Guidelines the actions proposed are not subject to CEQA.
RECOMMENDATION
That the City Council adopt the resolutions amending the fiscal year 2011-12 budget.
BOARDS/COMMISSION RECOMMENDATION
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OCTOBER 2, 2012, Item
Page 2 of 7
BOARDS/COMMISSION RECOMMENDATION
Not applicable
DISCUSSION
For government entities, a budget creates a legal framework for spending during the fiscal year.
After the budget is approved there are circumstances that require adjustments to the approved
budget. Council Policy 220-02 "Financial Reporting and Transfer Authority" established in
1996, indicates that no department/fund shall end the fiscal year with a negative balance in any
summary budget category.
At the close of each fiscal year, the Finance Department reviews all departmental and fund
budgets to ensure that the fund budget and the departmental summary budget categories
(Personnel Services, Supplies and Services, Other Expenses, Capital and Utilities) have not been
exceeded. The requested changes will allow for transfers and appropriations as needed so that
the department and funds are within budget. Per the City Charter, the City Council may amend
the budget through a 4/5ths vote.
General Fund:
Staff is requesting three appropriations in the General Fund. There is no fiscal impact to General
Fund reserves because the appropriations are revenue offset as noted with each requested change.
• The Animal Care Facility Department -Approval is requested for appropriations in the
amount of $42,950 based on unanticipated revenues received from the County of San Diego
Animal Services for spay/neuter clinics conducted at the County Shelters. The revenues are
to cover personnel costs and medical supplies used in the clinics.
• Fire Department -The Fire Department is requesting an appropriation in the amount of
$194,300 due to Fire Strike Team overtime working with CalFire and to greater than
anticipated costs for fleet maintenance. The requested appropriations are offset by
reimbursement revenue for staff time and other administrative costs..
Staff is recommending various transfers between summary budget categories in order to
conclude fiscal year 2011-12 operations within budget for the individual expenditure categories.
Staff recommends a transfer to the Police Department that will be offset with a reduction in the
City Council Administration budget. Staff also recommends intra-department transfers for the
City Clerk and Police Department. All of these changes result in no net impact to the General
Fund. Below is a brief description of the recommended changes:
• Transfer from City Council Administration to the Police Department -Approval is requested
for a transfer from the Personnel Services Category of the City Council Administration
budget to the Police Department's Personnel Services category in the amount of $7,523. The
transfer request is to cover Police personnel costs for the American Idol Hometown Visit for
Jessica Sanchez.
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OCTOBER 2, 2012, Item ~'
Page 3 of 7
• City Clerk - Approval is requested far an intra-departmental transfer in the City Clerk
department to cover the costs of leave payouts for two employees that left the City. There
are sufficient savings in the department's Services and Supplies budget to offset these
expenditures. The total transfer requested is $24,000 to be transferred from the Services and
Supplies category to Personnel Services category.
• Police Department -Approval is requested for an intra-departmental transfer of $7,677 to
cover an overage in the Police Personnel Services budget. The overage is due primarily to
the need to achieve the department's budgeted salary savings of $334,688. There are
sufficient savings in the department's Supplies and Services budget to cover this overage.
The transfer is requested from the Services and Supplies category to the Personnel Services
category.
In summary, the proposed changes to the General Fund will result in the appropriation of
$234,750 that is offset by additional revenue. The other requested budgetary adjustments are
neutral. These changes result in no net fiscal impact to the General Fund.
Other Funds:
The following reflects the proposed budget changes to other funds. The fiscal impact of the
budget amendments is noted with each requested change.
Enterprise/Internal Service Funds
Workers Compensation Fund -Approval is requested for appropriations in the amount of
$2,990,161. In fiscal year 2011-12, Fund 398 was established to account for the workers
compensation fund as an internal service fund. The internal service fund was created to better
align the function of the fund with accounting standards. The transfer closes out the old workers
compensation fund, which was a general fund type fund. An appropriation of $2,990,161 will be
added to the current Worker's Compensation fund (fund 231) for this transfer; a corresponding
transfer in an equal amount will be added to the new Worker's Compensation fund (fund 398).
There is no fiscal impact in approving the appropriations.
Development Services Fund -Approval is requested for appropriations in the amount of
$182,119. In fiscal year 2011-12, fund 408 was established to account for the Development
Services Fund as an enterprise fund. The transfer closes out the old Development Services fund
(fund 236) which was a general fund type. An appropriation of $182,119 will be added to the
old Development Services fund for this transfer; a corresponding transfer in an equal amount will
be added to the new Development Services fund. There is no fiscal impact in approving the
appropriations.
Development Services Fund - An approval is requested for a budgetary transfer in the amount of
$44,000 between the Supplies and Services and Transfers-Out categories to facilitate a transfer to
the Transportation Equity Act 21 fund. There are sufficient savings in the Development Services
fund Supplies and Services category to accomplish this transfer without impact to the fund's
reserves. This is a companion request related to the Transportation Equity Act 21 Fund
budgetary amendment discussed on page 4 of this report.
9-3
OCTOBER 2, 2012, Item~_
Page 4 of 7
All Other Funds
Federal Grants Fund University Pazk and Research Center Grant -Approval is requested for an
appropriation in the amount of $22,817. The appropriation is to cover greater than expected city
staff time charges that were incurred for the project's entitlement process. There are sufficient
grant amounts remaining to cover the appropriation amount.
2002 Certificates of Participation Police Facility Debt Service Fund - An approval is requested
for an appropriation in the amount of $623. The appropriation is requested for greater than
anticipated costs for annual bond disclosure services required by the bond covenants. There is
sufficient fund balance to cover the appropriation amount.
2010 Refunding Certificates of Participation Debt Service Fund - An approval is requested for an
appropriation in the amount of $2,069. The appropriation is requested for greater than
anticipated costs for calculation of arbitrage rebate liability required by the bond covenants.
There is sufficient fund balance to cover the appropriation amount.
Twin Oaks Ave Assessment District Fund - An approval is requested for an appropriation in the
amount of $520. The assessment district was created for the residents of this street to put in
curbs, gutters and sidewalks. A resident of the district overpaid their assessment in fiscal year
2010-11 and requested a refund in fiscal year 2011-12. This appropriation is for the
overpayment by the resident. The appropriation is covered by the revenue received in the prior
fiscal year.
Bicycle Facilities Fund - An approval is requested for an appropriation in the amount of $4,930.
The appropriation is for a refund to the County of San Diego for unexpended grant funds. The
terms of the grant require that unexpended grant funds be returned to the County. The
appropriation is covered by the grant funds received in the prior fiscal year.
Western TDIF - An approval is requested for an appropriation in the amount of $100,000. There
is already a loan payment budgeted in the amount of $52,894. The appropriation is for an
additional loan payment of $100,000 (for a total payment of $152,894). In May 2009 a loan of
$180,000 was made from the TDIF to the Western TDIF for seed money. After the payment of
$152,894, the outstanding loan balance as of June 30, 2012 is $36,094 which includes accrued
interest. An appropriation of $100,000 will be added to the Western TDIF fund for this transfer;
a corresponding transfer in an equal amount will be added to the City's Long-Term Advances
Debt Service Fund. There is sufficient fund balance available to cover the appropriation request.
Transportation Equity Act 21 Fund - An approval is requested for an appropriation in the
amount of $44,000. The appropriation requested is for staff time charged to a CalTrans TEA
grant that was not eligible for reimbursement due to timing issues. The staff time will be
absorbed by the Development Services Fund. An appropriation of $44,000 will be added to the
Transportation Equity 21 fund for the transfer-in and a corresponding appropriation in the same
9-4
OCTOBER 2, 2012, Item_~
Page 5 of 7
amount is needed to the Other Expenses category of this fund to write off the uncollectible
amount.
California Library Services Act Fund -The fiscal year 2011-12 budget included an appropriation
of $200,000 for costs related to opening the Library Storefront at the Otay Ranch Town
Center. A transfer of $67,600 from the Capital expenses category to the Supplies and Services
category is needed to align the budget with actual expenditures. This transfer will allow the
costs for office equipment and furnishings that do not meet the threshold for capital equipment to
be posted to the correct object. There is no net fiscal impact resulting from this transfer.
Storm Drain Fund - A budgetary transfer is requested from the Services and Supplies category to
the Transfers-Out category in the amount of $50,000. A loan payment of $50,000 was
incorporated in the fiscal year 2011-12 adopted budget. There is sufficient budgetary savings in
Services and Supplies that allow for an additional loan payment of $50,000. The total amount of
the loan repayment for fiscal year 2011-12 is $100,000. The loan is from the Trunk Sewer fund
approved in May 1998 (Resolution 18996) for an amount of $350,000. The outstanding loan
balance at June 30, 2012, is $328,925 (principal and accrued interest).
Successor Agency Funds
Redevelopment Obligation Retirement Fund -Approval is requested for an appropriation in the
amount of $5,529,373. This request is to correct the appropriation that was approved by
Successor Agency Resolution 2012-007 on July 12, 2012. That resolution approved an
appropriation for fiscal year 2012-13. After conferring with the City's independent auditors, it
was determined that the amount is a fiscal year 2011-12 expense and therefore requires an
appropriation in fiscal year 2011-12. The appropriation in the current fiscal year is not needed
and should be reversed. The fiscal impact is $5,529,373 from the Redevelopment Obligation
Retirement Fund reserve.
RDA 2008 Tax Allocation Bond Fund - An approval is requested for an appropriation in the
amount of $572,029. The appropriation requested is for an unanticipated additional loan
payment to the General Fund from the RDA. The 2008 Tax Allocation Bonds were issued with
the authority to repay the General Fund for a loan made to the former RDA to assist in the
development of the Cypress Creek shopping center. An appropriation of $572,029 will be added
to the RDA 2008 TAB fund for this transfer; a corresponding transfer in an equal amount will be
added to the RDA Merged Project Fund. For accounting purposes, in order to account for and
reduce the loan's principal balance an additional transfer of $572,029 is required from the RDA
Merged Project Fund and a corresponding transfer in an equal amount will be added to the
RDA's Long-Term Advances Debt Service Fund.
DECISION MAKER CONFLICT
Staff has reviewed the property holdings of the Successor Agency and has found that
Councilmember Ramirez has property holdings with 500 feet of the Merged Project Area which
is the subject of Resolution C.
With respect to the other decisions contemplated by this action, staff has determined that they are
either: (i) not site specific and, consequently, the 500-foot rule found in California Code of
9-5
OCTOBER 2, 2012, Item
Page 6 of 7
Regulations section 18704.2(a)(1) is not applicable; or (ii) they are ministerial in nature and do
not require the City Council or Successor Agency members to make or participate in making
governmental decisions, pursuant to California Code of Regulations section 18702.4(a), and
consequently, do not present conflict under the Political Reform Act (Cal. Gov't Code § 87100,
et seq.). Staff is not independently aware, nor has staff been informed by any City Council or
Successor Agency member, of any other fact that may constitute a basis for a decision maker
conflict of interest in this matter.
CURRENT YEAR FISCAL IMPACT
The proposed changes to the General Fund will result in the appropriation of $237,250 that is
offset by additional revenue. The other requested budgetary adjustments are cost neutral. These
changes result in no net fiscal impact to the General Fund. The proposed Non-General Fund
changes will result in an increase in appropriations in the amount of $3,347,239 offset by
revenues of $3,316,280 for a net impact of $30,959 to various fund reserves. The proposed
Successor Agency Fund changes will result in an increase in appropriations of $6,673,431 with
offsetting revenues of $1,144,058 for a net impact of $5,529,373.
Approval of the resolution amending the fiscal year 2011/12 budget will result in the following
appropriations and budgetary transfers. The resulting fiscal impacts to various funds and a brief
description of the purpose for the requested budget amendments are listed in the following table.
9-6
OCTOBER 2, 2012, Item
Page 7 of 7
Fiscal Vear 2011-12 Requests for Appropriations and Budgetary Transfers
r
General Fund
Appropriations
A Animal Care Facility Additional Costs for County Spay/Neuterdinics $ 42,950 $ 42,950 $ -
A Fire Additional Services and Supplies for Fleet Maintenance $ 98,400 $ 98,400 $ -
A Fire Overtime reimbursements for Fire Strike Teams $ 95,900 $ 95,900 $ -
In[er-De partment Transfer
A Police Transferto Personnel5ervices American Idol Hometown TOUr $ 7,523 $ - $ 7,523
A City Council Administration Transfer from Services and Supplies savings $ (7,523) $ - $ (7,523)
Intro-Department Transfer
A City Clerk Transfer to Personnel Services for leave payouts $ 24,000 $ - $ 24000
A City Clerk Transferfrom Services and Supplies savings $ (24,000) $ - $ (24,000)
A Police Transfer to Personnel Services due to budgeted salary savings $ 7,677 $ - $ 7,677
A Police Transfer from Serv ces and Supplies savings $ (7677) $ - $ (7,677)
Subtotal General Fund $ 237,250 $ 237,250 $ -
Enterpdse/Internal Service Funds
Appropriations
A Workers Comp FUnd Transferfund balance from fund 231 to fund 398for new lSF $ 2,990,161 $2 ,990,161 $ -
A Development Svcs FUnd Transfer fund balance from fund 236 to fund 408 enterprise fund $ 182,119 $ 182,119 $ -
Intra-Department Transfer
A Development Services FUnd Transfer out from Development Services FUnd to TEA 2lfund $ 44,000 $ - $ 44,000
A D lopme t5 'ces FUnd Transfer from Serv'ces and Supplies savings $ (44000) $ (44,000)
Subtotal Enterpdse/Internal Services Funds $ 3,172,280 $3,172,280 $ -
AIIOtherFUnds
Appropriations
A Fed Grant FUnd-UPRC Grant Staff timefor entitlement process $ 22,817 $ - $ (22,817)
A 2002 COPS Police Facility Additionalfunds for required bond disclosure reporting $ 623 $ - $ (623)
A 2010 COPS Additionalfunds for required bond arbitrage rebate analysis $ 2,069 $ - $ (2,069)
A Twin Oaks ASSm[Dist Refund of overpayment $ 520 $ - $ (520)
A eicyde Facilities Fund Refund to County of San Diego $ 4,930 $ - $ (4,930)
A Western TDIF Additional loan paymentamount to TDIF $ 100,000 $ - $ (100,000)
A Long Term Advance-City Additional loan paymentamount to TDIF $ - $ 100,000 $ 100,000
A Trans Equity ACt 2l FUnd Write off of uncollec[ible amounts $ 44,000 $ - $ (44.000)
A Trans Equity ACt 2l FUnd Transfer in from Development Services FUnd $ - $ 44,000 $ 44,000
Intro-Fund Transfer
A CA Library Service ACt Transferto Services and Supplies for Otay Ranch library branch $ 67,600 $ - $ 67,600
A CA LibraryService ACt Transferfrom Capital to align budget with ac[uals $ (67,600) $ - $ (67,6001
A Storm Drain FUnd Transferto Transfer Out category for additional loan payment $ 50,000 $ - $ 50,000
A St mDra' F d T f rfrom Se 'c sands ppl'ess g $ (50000) $ - $ (50000)
Total Other Funds $ 174,959 $ 144,000 $ (30,959)
Successor Agency Fund
Appropriations
B RDA Obligation Ret FUnd Reclassify expenditure from FV 2012-13 to FY 2011-12 $ 5,529,373 $ - $( 5,529,373)
C RDA 2000 TA 85 Additional loan repayment to General FUnd $ 572,029 $ - $ (572,029)
C Merged Project Area Additional loan repayment to General Fund $ - $ 572,029 $ 572,029
C Merged Projec[Area Reduce principal loan balance to General Fund $ 572,029 $ - $ (SR,029i
C Lo gTerm Ad a ce-RDA Reduce principal loan balance to General FUnd $ - $ 572029 $ 572029
Subtotal Successor Agency $ 6,673,431 $1,144,058 $( 5,529,373)
i ,._ . ---
I,; p`~~'~ta~ udge8~eam na"m"~"e u~ $1DZSi9zo';~.$as97sas,.~$(ssfio~z~;
ONGOING FISCAL IMPACT
There are no ongoing fiscal impacts resulting from the budget amendments described above.
ATTACHMENTS
None
Prepared by: Phillip Davis, Assistant Director, Finance Department
9-7
RESOLUTION NO. 2012-
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AMENDING THE FISCAL YEAR 2011/2012
BUDGET AND APPROPRIATING FUNDS THEREFOR
WHEREAS, On June 21, 2011 the City Council of the City of Chula Vista adopted a
$124.6 million General Fund budget for fiscal year 2011-12; and
WHEREAS, subsequently staff has identified various budget adjustments in the form of
transfers and new appropriations that are recommended for approval; and
WHEREAS, these budget adjustments are necessary in order to properly reflect the
expenditures that are programmed to fund the City's operations in fiscal. year 2011-12; and
WHEREAS, Council Policy 220-02 "Financial Reporting and Transfer Authority",
requires that the City Council approve budget transfers between departments and/or amounts
greater than $15,000; and
WHEREAS, a budget appropriation of $42,950 is recommended for the Animal Care
Facility department for personnel services and medical supplies based on unanticipated revenues
received for the County of San Diego Animal Services for spay/neuter clinics conducted at
County Shelters; and
WHEREAS, a budget appropriation of $194,300 is recommended in the Fire department
based on revenues received for staff time and other administrative costs. These funds will be
utilized to cover overages in Personnel Services and Services and Supplies budgets due to Fire
Strike team overtime and fleet maintenance charges; and
WHEREAS, a transfer of $7,523 from the City Council Administration Services and
Supplies budget to the Police department Personnel Services budget is recommended to
reimburse personnel costs associated with the American Idol Hometown Visit; and
WHEREAS, approval is requested for an infra-departmental transfer in the City Clerk
department for leave payoffs due to two employees in the department that left the City, the
recommended transfer is from the Services and Supplies budget ($24,000) to Personnel Services
($24,000); and
WHEREAS, approval is requested for an infra-departmental transfer in the Police
department budget for an overage in Personnel Services due to the department's effort to meet its
budgeted salary savings, the recommended transfer is from Services and Supplies budget
($7,677) to Personnel Services ($7,677); and
9-S
Resolution No.
Page 2
WHEREAS, approval is requested for appropriations in the amount of $2,990,161 to
transfer out fund balance from the old Worker's Compensation fund (fund 231) , a general fund
type, to the new Worker's Compensation fund (fund 398) an internal service fund to better align
the function of the fund with accounting standazds; and
WHEREAS, approval is requested for an appropriation in the amount of $182,119 to
transfer out the fund balance from the old Development Services fund (fund 236), a general fund
type, to the new Development Services fund (fund 408), an enterprise fund; and
WHEREAS, approval of a transfer in the Development Services fund is requested,
$44,000 from the Supplies and Services budget to the Transfers Out category ($44,000) to
facilitate a transfer out to the Transportation Equity Act 21 fund; and
WHEREAS, staff recommends an appropriation of $22,817 in Federal Grants Fund,
University Park and Reseazch Center grant for staff time chazges incurred for the projects
entitlement process in the Other Expense budget category from the available fund balance of that
fund; and
WHEREAS, an appropriation of $623 is requested in the 2002 COPS Police Facility debt
service fund Services and Supplies category for higher than anticipated costs for annual bond
disclosure services required by the bond covenants; and
WHEREAS, an appropriation of $2,069 is requested in the 2010 Refunding COPS debt
service fund Services and Supplies category for higher than anticipated costs for annual bond
disclosure services related to the calculation of arbitrage rebate liability; and
WHEREAS, an approval is requested for an appropriation in the amount of $520 in the
Twin Oaks Assessment District fund, Other Expenses category because a resident of the district
overpaid their assessment in fiscal year 2010-11 and requested a refund in fiscal year 2011-12;
and
WHEREAS, an appropriation of $4,930 is requested in the Bicycle Facilities fund Other
Expenses category to refund unexpended grant funds to the County of San Diego; and
WHEREAS, an appropriation of $100,000 is requested for the Western TDIF fund to
make a loan payment of $152,894 to the Transportation DIF, the appropriation of $100,000 will
be added to the Western TDIF fund Transfers-Out category with a corresponding transfer in an
equal amount will be added to the City's Long-Term Advances Debt Service Fund; and
WHEREAS, a transfer of $67,000 in the State Library Act Fund from the Capital expenses
category to the Supplies and Services category is requested in order to align the budget with
actual expenditures; and
WHEREAS, a transfer of $50,000 in the Storm Drain Fund from the Services and
Supplies budget category to the Transfers-Out budget category is requested in order to facilitate
an additional loan payment to the Trunk Sewer fund.
9-9
Resolution No.
Page 3
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista
does hereby approve the following appropriations and/or transfers:
,.
General Fund:
Animal Care Facility
Fire Department
Inter-Dept Transfers:
Police Department
City Council Pdministration
iCity Clerk (infra-dept transfer)
~IPOIiceOepariment(infra-dept Vansfer)
-
$ 95,900
$ 7,523
$ -
$ 24,000
$ 7,677
42,950
$ 98,400
$ -
$ (7,523)
$ (24,000)
$ (7,fi77)
-
$ -
$ -
$ -
$ -
$ - ..
$ -
$ -
$ -
$ -
$ -
$ -
$ -
-
$ -
$ -
$ -
$ -
$ -
$
$
$
$
$
$
2,950
194,300
7,523
(7,523)
-
-
42,950
$ 194,300
$ -
$ -
$ -
$ -
$
$
$
$
$
$
-
-
7,523
(7,523)
-
-
TotalGeneralFuntl $135,100 $ 102,150 $ - $ - $ - $ 237,750 $ 237,250 $ -
Other Funds:
Workers Compensation Fund $ - $ - $ - $ - $2,990,161 $2,990,161 $2,990,161 $ -
DevelopmenlServicesFund $ - $ - $ - $ - $ 182,119 $ 182,119 $ 182,119 $ -
Development5ervicesFund $ - $ (44,000) $ - $ - $ 44,000 $ - $ - $ -
Federal Grant Fund - UPRC Grant $ - $ - $ 22,817 $ - $ - $ 22,817 $ - $ 22,817
2002 COPS Debt Service fund $ - $ 623 $ - $ - 5 - $ 623 $ - $ 623
2030 COPS Deb[Service Fund $ - $ 2,069 $ - $ - $ - $ 2,069 $ - $ 2,069
Twin Oaks Assessment Dis[ric[ $ - $ - $ 520 $ - $ - $ 520 $ - $ 520
Birycle Facilities Fund $ - $ - $ 4,930 $ - $ - $ 4,930 $ - $ 4,930
Western TDIF $ - $ - $ - $ - $ 100,000 $ 100,000 $ - $ 100,000
Long Term Advances-City $ - $ - $ - $ - $ - $ - $ 100,000 $( 100,000)
Transportation Equity Act 21 Fund $ - $ - $44,000 $ - $ - $ 44,000 $ 44,000 $ -
Intra-Fund Transfer $ - $ - $ - $ - $ - $ - $ -
CALibrarySerNcesPCt $ - $ 67,600 $ - $ (67,600) $ - $ - $ - $ -
Storm Drain Fund $ - $ (50,000) $ - $ - $ 50,000 $ - $ - $ -
Total Other FUnds $ - ,708)
$ (2
3 $ 72,267 $ (67,600) $3,366,280 $3,347,239 $3,316,280 $ 30,959
.-_` ~•xe y,m- ~,
Total BudgritAmgndmen ~
a
.$335,100:~:~.>3.'~g4~ ~X6Z$.,(6Y 600 `i!i$3;56~6,280 :;$3,584 A89~ '$3.553.530 ~$`~" 30.959,:
Presented by
Maria Kachadoorian
Director of Finance/Treasurer
Approved as to form by
~ ~~ ,~-~-
Glen R. Googins~ ~/lt,~~-~'~
City Attorney w
9-10
RESOLUTION NO. 2012-
RESOLUTION OF THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF CHULA
VISTA AMENDING THE FISCAL YEAR 2011/2012
REDEVELOPMENT OBLIGATION RETIREMENT FUND
BUDGET AND APPROPRIATING FUNDS THEREFOR
WHEREAS, the State of California passed several trailer bills as part of the State budget
for Fiscal 2012/13, including AB 1484 pertaining to community redevelopment; and
WHEREAS, AB 1484 made changes to the AB XI 26, including the addition of Health
and Safety Code section 34183.5, requiring specified payments by the Successor Agency to the
County Auditor and Controller for payment to the "taxing entities" by July 12, 2012; and
WHEREAS, the Successor Agency approved Resolution 2012-007 on July 12, 2012
approving an appropriation in the amount of $5,529,373 amending the fiscal year 2012/13
budget; and
WHEREAS, after discussions with the City's independent auditor it was determined that
the payment is a fiscal year 2011/12 expenditure, and
WHEREAS, a budget appropriation of $5,529,373 is required for the Redevelopment
Obligation Retirement fund in fiscal year 2011/12; and
WHEREAS, the fiscal year 2012/13 budget appropriation amending the Redevelopment
Obligation Retirement Fund authorized by Successor Agency Resolution 2012-007 is no longer
required and should be reversed.
NOW, THEREFORE, BE IT RESOLVED that the Successor .Agency to the
Redevelopment Agency of the City of Chula Vista does hereby approve the appropriation of
$5,529,373 to the Redevelopment Obligation Retirement Fund's, Other Expenses category.
BE IT FURTHER RESOLVED that the fiscal year 2012/13 budget appropriation
amending the Redevelopment Obligation Retirement Fund authorized by Successor Agency
Resolution 2012-007 is no longer required and is hereby reversed.
Presented by Approved as to form by
Maria Kachadoorian
Director ofFinance/Treasurer
Glen R. Googins
City Attorney
9-11
RESOLUTION NO.2012-
RESOLUTION OF THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF CHULA
VISTA AMENDING THE FISCAL YEAR 2011/2012 BUDGET
OF THE FORMER REDEVELOPMENT AGENCY FUNDS AND
APPROPRIATING FUNDS THEREFOR
WHEREAS, the 2008 Tax Allocation Bonds were issued with the authority to repay the
General Fund for a loan made to the former Redevelopment Agency to assist in the development
of the Cypress Creek shopping center; and
WHEREAS, an appropriation is requested in the amount of $572,029 in the 2008 Tax
Allocation Bond Fund to the Transfer-Out category and a corresponding Transfer-In in an equal
amount to the Merged Project Fund to facilitate the loan payment to the General Fund; and
WHEREAS, for accounting purposes, in order to account for and reduce the loan's
principal balance an appropriation is required in the amount of $572,029 in the Merged Project
Fund Transfers-Out category with a corresponding Transfer-In in an equal amount to the Long
Term Advances -RDA debt service fund.
NOW, THEREFORE, BE IT RESOLVED that the Successor Agency to the
Redevelopment Agency of the City of Chula Vista does hereby approve the appropriations in the
table below:
s
2008 Tax Allocation Bond Fund $ 572,029 $ - $ (572,029)
Merged Project Fund $ - $ 572,029 $ 572,029
Merged Project Fund $ 572,029 $ - $ (572,029)
Long-Term Advances- RDA Fund $ - $ 572,029 $ 572,029
Total $ 1,144,058 $ 1,144,058 $ -
Presented by Approved as to form by
Maria Kachadoorian
Director of Finance/Treasurer
Glen R. Googins
City Attorney
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