1999-01 RESOLUTION NO. CRA 99- 01
A RESOLUTION OF THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF GRAND
TERRACE, CALIFORNIA, ADOPTING A BUDGET OF
ESTIMATED REVENUES AND EXPENDITURES FOR
FISCAL YEAR 1999-2000
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
V V H N:K H;AS, 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 1999-2000, a copy of which
is on file in the City Clerk's office, is hereby adopted with estimated revenues of$4.427.804,
use of available fund balance of$637.808, interfund transfer of$1.535.000, for a total source
of funds of$6.600.612 and total estimated expenditures of$3.411.271 intergovernmental loan
of$350.000, and interfund transfer of$2.095.115 for a total use of funds of$5.856.386.
ADOPTED THIS 27th day of May, 1999
ATTEST:-
Secretary of the Grand Terrace Chaii nan of the Grand Terrace
Community Redevelopment Agency Community Redevelopment Agency
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 27th day of May, 1999, by the following vote:
AYES: Agency Members Hilkey, Singley and Garcia; Vice-Chairman Buchanan;
Chairmanr::MAtteson
NOES: None
ABSENT: None
ABSTAIN: None
Approved Is to form:
City AttoimW Secretary