1997-01 RESOLUTION NO. CRA 97-01
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
I-J AGENCY OF THE CITY OF GRAND TERRACE, CALIFORNIA,
ADOPTING A BUDGET OF ESTIMATED REVENUES AND
EXPENDITURES FOR FISCAL YEAR 1997-98
WHEREAS, the Community Redevelopment Agency of the City of Grand Terrace:;
is required to adopt a budget for the subsequent fiscal year for estimated revenues
and expenditures; and
WHEREAS, the members of said Community Redevelopment Agency and staff
members have thoroughly reviewed and analyzed the proposed budget in order to
determine the needs of the City of Grand Terrace; -
NOW, THEREFORE, the Community Redevelopment Agency of the City of Grand
Terrace DOES HEREBY RESOLVE, that a budget for Fiscal Year 1997-98, a copy of
which is on file in the City Clerk's office, is hereby adopted with estimated revenues
of $ 4.383.060, use of available fund balance of $ 794.543, interfund transfer of
$1 .545.940, for a total source of funds of $6.723.543 and total estimated
expenditures of .$4.012.947 intergovernmental loan of $ 750.000, and interfund
transfer of $ 1.557.190 for a total use of funds of $ 6.320,137.
ADOPTED THIS 12th day of June, 1997
ATTEST:
Secretary of the GranJlTerrace airman of the Grand Terrace
Community Redevelopment Agency Community Redevelopment Agency
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RESOLUTION NO. CRA 97-01
Page 2
I, BRENDA STANFILL, Secretary of the Community Redevelopment Agency of
the City of Grand Terrace, do hereby certify that the foregoing Resolution was
introduced and adopted at a regular meeting of the Grand Terrace Community
Redevelopment Agency held on the 12th day of June, 1997, by the following vote:
AYES: Agency Members Hilkey and Garcia; Vice- Chairman Buchanan; Chairman
Matteson
NOES: None
ABSENT: Agency Member Singley
ABSTAIN: None
Approved as to form:
n Secretary
City Attorney U
tary