1996-01 RESOLUTION NO. CRA 96- of
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 1996-97
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 1996-97, a
copy of which is on file in the City Clerk's office, is hereby adopted with estimated
revenues of $3,724,650, use of available fund balance of $797,843, interfund
transfer of $581,400 for a total source of funds of $5,103,893 and total estimated
expenditures of $3,569,628, intergovernmental loan of $750,000, and interfund
transfer of $581,400 for a total use of funds of $4,901,028.
ADOPTED THIS 13th day of June, 1996
ATTEST:
Secretary of the Grand Arrace Chairr#in of the Grand Terrace
Community Redevelopment Agency Community Redevelopment Agency
RESOLUTION NO. CRA 96-01
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 13th day of June, 1996, by the following vote:
AYES: Councilmembers Singlet',::and.Garcid; Mayor.Pro -.Tem Buchanan:
NOES: Councilmember Hilkey; Mayor Matteson
ABSENT: None
ABSTAIN: None
Approved as to form:
City Attorney I I v Secretary
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