Laserfiche WebLink
REQUEST FOR APPROPRIATION ADJUSTMENT <br />ipriation Adjustment No: 0-5-- /b i <br />..,e: April 19, 2005 <br />Department: Community Development Agency <br />TYPE OF ADJUSTMENT <br />= Transfer of Funds (No Council Action Required) <br />X Transfer of Funds (Council Action Required) <br />From: VARIOUS <br />502 - 508 - 6782 -1 <br />$ 194,225 <br />503- 508- 6782 -1 <br />198,210 <br />504 - 508 - 6782 -1 <br />326,275 <br />505 - 508 - 6782 -1 <br />947,105 <br />506 - 508 - 6782 -1 <br />165,185 <br />504- 936 -6631 <br />540 -01- 5990 -502 <br />540 -01- 5990 -503 <br />540 -01- 5990 -504 <br />5^^ -01- 5990 -505 <br />01- 5990 -506 <br />1,570,350 <br />$ 3,401,350 <br />$ 194,225 <br />198,210 <br />1,896,625 <br />947,105 <br />165,185 <br />$ 3,401,350 <br />Page oft <br />Council Action 19 <br />Approved: ❑ Yes El No <br />Clerk of the Council <br />WIN 161110 <br />Fund - Activity - Account <br />502 - 935 - 6800 -540 <br />503 - 935 - 6800 -540 <br />504 - 935- 6800 -540 <br />505 - 935 - 6800 -540 <br />506 - 935 - 6800 -540 <br />540 - 935 -6935 <br />$ 194,225 <br />198,210 <br />1,896,625 <br />947,105 <br />165,185 <br />$ 3,401,350 <br />$ 3,401,350 <br />JUSTIFICATION FOR REQUEST: Transferoffundsfrom various Low and Moderate-income <br />Housing Funds into the South Harbor Redevelopment Project Area (Fund 540) to pay the County of Orange for the <br />Educational Revenue Augmentation Fund (ERAF) ay required by legislation implementing the CA State Budget <br />for FY 2004 -2005. The state legislation requiring the ERAF allow for the Agency to borrow from the Low and <br />Moderate Flousing Fund, for up to 10 years. <br />lfk VLGGI R 6 <br />Department Head <br />APPROVED AS TO FUNDS AND ACCOUNTS: APPROVED: <br />Director of Finance f Date City Manager Date <br />I ORATION: <br />t original and two copies to Director of Finance, who will assign control number and forward the three <br />cu,.<s to the City Manager. City Manager will distribute copies showing designateAaction: IRIGI NAL - <br />Finance; DUPLICATE - department file; TRIPLICATE -City Manager. Prepare rmo or the Clerk of <br />the Council's file on requests that need Council action. <br />CS -886 <br />