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HomeMy WebLinkAboutC- 7 Staff Report Adopting Budget AgencyAGENDA ITEM TO: THE HONORABLE CHAIRPERSON AND MEMBERS OF THE BOARD OF DIRECTORS FROM: STEVE KENOYER, ACTING FINANCE DIRECTOR VIA: ROBERT PERSON, ASSISTANT CITY MANAGER DATE: JUNE 16, 2003 SUBJECT: REDEVELOPMENT AGENGY BUDGET RESOLUTION RECOMMENDATION It is recommended that City Council approve the attached resolution adopting the Redevelopment Agency budget and approving appropriations for the 2003/04 fiscal year. BACKGROUND The Redevelopment Agency budget and appropriations are required to be approved by the Board of Directors by July 1st for the new fiscal year. FISCAL IMPACT This resolution sets total appropriations for all Redevelopment funds at $8,529,994.