HomeMy WebLinkAboutReso RDA 3-1992 RESOLUTION NO. 3-92
REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO
STATE OF CALIFORNIA
A RESOLUTION APPROVING BUDGET AMENDMENT 93-1
TO THE 1992-1993 OPERATING BUDGET
WHEREAS, a number of charges are being made to the various
Redevelopment funds that are causing the Agency to exceed its
budget;
WHEREAS, these charges are a result of accounting entries and
not purchases.
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of
the City of South San Francisco that it hereby amends the Agency's
1992-1993 budget to transfer funds from the undesignated fund
balance to provide for payment of the following charges:
1. Twenty Thousand Dollars ($20,000.00) to pay interest on
interfund loans advanced from the general fund.
2. Eighty Three Thousand Five Hundred Fifty Eight Dollars
__ ($83,558.00) to pay tax increment sharing agreements for the
Downtown/Central Area.
ii hereby certify that the foregoing Resolution was regularly
introduced and adopted by the Redevelopment Agency of the City of
South San Francisco at a re§u]ar meeting held on the 22nd
day of July , 1992 by the following vote:
AYES: Boardmembers Jack Drago, Joseph A. Fernekes, Roberta Cerri
Teglia, Robert Yee, and Chairman John R. Penna
NOES: None
ABSTAIN: None
ABSENT: None
ATTEST:
Redevelopment Agency of the
City of South San Francisco
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