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Home My WebLink AboutCC AG PKT 2012-06-25 #K (attachment - Sucessor Agency Budget)I$ REVENUE SUMMARY BY FUND I FY 2012 -2013 2011 -2012 2012 -2013 Account Revenue 2010 -2011 Budgeted 2011 -2012 Proposed Number Source Actual Revenue Estimated Revenue Retirement Fund - Riverfront (300) 300 -063 -30420 Interest on Investments 300-063-31500 Transfers In Total Riverfront Project Retirement Fund - Low /Mod (301) 301 - 061 -30420 Interest on Investments 301- 061 -31500 Transfer In Total Riverfront LowlMod Housing Retirement Fund - Debt Service (302) 302 -065 -30420 Interest on Investments 302 -065 -31500 Transfers In Total Riverfront Debt Service Retirement Fund - Tax Increment (303) 303- 067 -30001 Property Taxes Secured 303 -067 -30018 SA Tax Increment 303-067-31500 Transfer In 303 -067 -31650 Property Rental Total Riverfront Tax Increment Successor Agency Totals: 1 $ _ $ 2,000 $ 6,000 3,835,878 $ - $ 3,837,878 $ $ - $ 1,000 $ 2,500 3,272,217 - $ - $ 3,273,217 $ 2 500 $ - $ 50 $ 100 - 864,510 730,155 $ - $ 864,560 $ 730,255 $ $ $ 200 $ - 1,700,960 1,169,702 300 900 - $ 1,170,202 $ 1,791,860 Is 1 1 $ 9,145,857 1 1 $ 2,524,615 1 City of Seal Beach I FY 2012 -2013 DEPARTMENT: FUND: Community Development Retirement Fund - Riverfront (300) Personnel Services Maintenance and Operations Capital Outlay /Debt Service Account Code: 300 -063 2011 -2012 2012 -2013 2010 -2011 Amended 2011 -2012 Proposed Actual Budget Estimated Budget $ 1,104 $ 1,200 $ 1,880,650 198,800 6,000 5,873 TOTAL. $ - $ 1 ,887,754 $ 205,873 ACCOUNT NUMBER EXPLANATION 2,393,990 472,837 2,866,827 44000 Contract Professional Svcs Agency audit expenses, Don Parker, disclosure report (Wilder!), and Civic Stone 47000 Transfer Out 10 yrs. Storm Drain and GF (admin. & overhead). 47444 Lease Payments RDA RDA debt service lease payments - Cal -Air. 47888 Principal Payment RDA debt service principal payments - Sewer. 47999 interest Expense RDA debt service interest payments - Sewer & Ca[ -Air. 49800 Legal Services Agency legal expenses. 2 City of Seal Beach 1 FY 2012 -2013 DEPARTMENT: Community Development Account Code: 300 -063 FUND: Retirement Fund - Riverfront (300) Description 2011 -2012 2012 -2013 Account 2010 -2011 Amended 2011 -2012 Proposed Number Actual Budget Estimated Budget MAINTENANCE AND OPERATIONS Contract Prof. Svcs 300- 063 -44000 $ $ 1,805,850 $ 5,000 $ 166,700 Transfer Out 300 -063 -47000 119,000 2,083,290 Legal Services 300 - 063 -49800 74,800 74,800 144,000 TOTAL MAINTENANCE AND OPERATIONS $ $ 1,880,650 $ 198,800 $ 2,393,990 CAPITAL OUTLAY/DEBT SERVICE Lease Payments - RDA 300- 063 -47444 $ $ 5,400 $ 5,345 $ 22,516 Principal Payments - RDA 300 -063 -47888 - - 376,932 Interest Expense 300 -063 -47999 600 528 73,389 TOTAL DEBT SERVICE $ $ 6,000 $ 5,873 $ 472,837 TOTAL EXPENDITURES $ $ 1,887,754 $ 205,873 $ 2,866,827 FUND BALANCE ANALYSIS 2011 -2012 2012 -2013 2010 -2011 Amended 2011 -2012 Proposed Actual Budget Estimated Budget Beginning Fund Balance $ $ $ $ (198,073) Revenues 473,200 7,800 6,000 Expenditures (1,887,754) (205,873) (2,866,827) Ending Fund Balance $ $ (1,414,554) $ (198,073) $ (3,058,900) 3 City of Seal Beach 1 FY 2012 -2013 DEPARTMENT: FUND: Community Development Retirement Fund - Low /Mod Maintenance and Operations TOTAL ACCOUNT NUMBER EXPLANATION 44000 45050 2010 -2011 Actual Contract Professional Svcs Low /Mod Housing Exp 49800 Legal Services 2011 -2012 Amended Budget Account Code: 301 -061 2011 -2012 Estimated $ 74,730 $ 2012 -2013 Proposed Budget 37,500 $ $ 74,730 $ 37,500 $ Civic Stone, CDBG /LM Programs Seal Beach Shores rental assistance, Seal Beach Shores loan repayment and Low /Mod Grants and Loans. Legal Fees 4 City of Seal Beach I FY 2012 -2013 DEPARTMENT: Community Development Account Code: 301 -061 FUND: Retirement Fund - Low /Mod Description 2011 -2012 2012 -2013 Account 2010 -2011 Amended 2011 -2012 Proposed Number Actual Budget Estimated Budget MAINTENANCE AND OPERATIONS Contract Prof. Svcs 301- 061 -44000 $ $ 37,500 $ 37,500 $ Low /Mod Housing Exp 301- 061 -45050 34,630 Legal Services 301 - 061 -49800 2,600 TOTAL MAINTENANCE AND OPERATIONS $ $ 74,730 $ 37,500 $ TOTAL EXPENDITURES $ $ 74,730 $ 37,500 $ FUND BALANCE ANALYSIS 2011 -2012 2012 -2013 2010 -2011 Amended 2011 -2012 Proposed Actual Budget Estimated Budget Beginning Fund Balance $ $ - $ $ (37,500) Revenues 2,500 Expenditures (74,730) (37,500) Ending Fund Balance $ $ (74,730) $ (37,500) $ (35,000) 5 City of Seal Beach 1 FY 2012 -2013 DEPARTMENT: FUND: Community Development Retirement Fund - Debt Service Fund (302) 2010 -2011 Actual Maintenance and Operations $ Debt Service TOTAL ACCOUNT NUMBER EXPLANATION 44000 47888 47999 49777 Contract Professional Svcs Debt Service Interest Expense Legal Fees 2011 -2012 Amended Budget Account Code: 302 -065 2011 -2012 Estimated $ 1,823 132.005 132,005 2012 -2013 Proposed Budget $ 7,400 722.290 $ 132,005 $ 133,828 $ 729,690 Bank of New York admin expense. Debt service principal - Tax Allocation Bonds A & B Debt service interest - Tax Allocation Bonds A & B Expenditure for services beyond that covered by the retainer 6 City of Seat Beach I FY 2012 -2013 DEPARTMENT: Community Development Account Code: 302 -065 FUND: Retirement Fund - Debt Service Fund (302) Description 2011 -2012 2012 -2013 Account 2010 -2011 Amended 2011 -2012 Proposed Number Actual Budget Estimated Budget MAINTENANCE AND OPERATIONS Contract Prof Svcs. 302 -065 -44000 $ $ $ 1,823 $ 7,400 TOTAL MAINTENANCE AND OPERATIONS $ $ $ 1,823 $ 7,400 DEBT SERVICE Debt Service -RDA Debt Svc 302 - 065 -47888 $ $ - $ - $ 450,000 Interest Expense 302 -065 -47999 132,005 132,005 272,290 TOTAL DEBT SERVICE $ $ 132,005 $ 132,005 $ 722,290 TOTAL EXPENDITURES $ $ 132,005 $ 133,828 $ 729,690 FUND BALANCE ANALYSIS 2011 -2012 2012 -2013 2010 -2011 Amended 2011 -2012 Proposed Actual Budget Estimated Budget Beginning Fund Balance $ $ $ $ (133,828) Revenues - 730,255 Expenditures (132,005) (133,828) (729,690) Ending Fund Balance $ $ (132,005) $ (133,828) $ (133,263) 7 City of Seal Beach I FY 2012 -2013 DEPARTMENT: FUND: Community Development Retirement Fund - Tax Increment Account Code: 303 -067 2011 -2012 2012 -2013 2010 -2011 Amended 2011 -2012 Proposed Actual Budget Estimated Budget Maintenance and Operations $ $ 268,787 $ 125,000 $ 1,791,860 TOTAL $ $ 268,787 $ 125,000 $ 1,791,860 ACCOUNT NUMBER EXPLANATION 45050 Low /Mod Housing set aside 20% set aside for Low /Mod Housing . 47000 Transfer Out Transfer to Fund 300 and 302. City of Seal Beach FY 2012 -2013 DEPARTMENT: FUND: Description Community Development Retirement Fund - Tax Increment Account Code: 303 -067 2011 -2012 2012 -2013 Account 2010 -2011 Amended 2011 -2012 Proposed Number Actual Budget Estimated Budget MAINTENANCE AND OPERATIONS ERAF/SERAF Contribution 303-067-44500 $ $ 149,787 $ $ Transfer Out 303 -067 -47000 119,000 125,000 1,791,860 TOTAL MAINTENANCE AND OPERATIONS $ $ 268,787 $ 125,000 $ 1,791 ,860 TOTAL EXPENDITURES $ $ 268,787 $ 125,000 $ 1 ,791 ,860 FUND BALANCE ANALYSIS 2011 -2012 2012 -2013 2010 -2011 Amended 2011 -2012 Proposed Actual Budget Estimated Budget Beginning Fund Balance $ $ $ $ (125,000) Revenues 1,791,860 Expenditures (268,787) (125,000) (1,791,860) Ending Fund Balance $ $ (268,787) $ (125,000) $ (125,000) 9