HomeMy WebLinkAbout1983-09-20; Housing & Redevelopment Commission; 23; Annual Report to State Controller's OfficeHOUSING AND - - I.__ ‘ 2~:
rDEVELOPMENT COMMISS N - AGENDA BILL
AB# .2 3
MTG g/20/83 .
DEPT.RF
TITLE: ANNUAL REDEVELOPMENT AGENCY REPORT TO
CALIFORNIA STATE CONTROLLER'S OFFICE
DEPT. HDi-
CITY ATTYY I CITY MOW=-
RECOMMENDED ACTION:
Housing and Redevelopment Commission accept report and direct staff to file
report with State Controller's Office.
ITEM EXPLANATION
In April of 1976 the City Council was declared the Redevelopment Agency by
adoption of Ordinance 1192. At that time the City established a policy of
appropriating an administrative fund for the Agency. These funds are annually
advanced to the Agency as a loan. The funds are to be repaid out of the Agency's
tax increment monies.
The State of California audits Agency compliance with Redevelopment Law. The
Agency is required to file an annual report with the State Controller. The
report lists the 82-83 operating budget ($103,066) and the accumulated indebted-
ness of the Agency ($338,116).
The Conmission is asked to accept the report and direct staff to file it with
the State Controller.
FISCAL IMPACT
This action has no fiscal impact on the City. Reported amounts are those pre-
viously approved in annual budget.
EXHIBITS
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Annual Report to California State Controller's Office.
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