1998-01 t
RESOLUTION NO. CRA 98-01
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 1998-
99
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 1998-99, a
copy of which is on file in the City Clerk's office, is hereby adopted with estimated
revenues of $ 4.527,954, use of available fund balance of $ 669,978, interfund
transfer of $ 1 .523.000, for a total source of funds of $ 6.720.932 and total
estimated expenditures of $ 3.522.346 intergovernmental loan of ,$ 350.000,, and
interfund transfer of $ 2.338.285 for a total use of funds of $ 6,210,631 .
ADOPTED THIS 11 th day of June, 1998
ATTEST:
-_Secretary of the Grand errace Ctairman of the Grand Terrace
Community Redevelopment Agency Community Redevelopment Agency
RESOLUTION NO. CRA 98-01
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 11 th day of June, 1998, by the following vote:
AYES: Agency Members Hilkey, Singley, and Garcia; vice-Chairman Buchanan;
Chairman Matteson
NOES: None
ABSENT: None
ABSTAIN: None
Approved as to form:
City Attorney U Secretary U