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BOARD AGENDA: 6/15/10ITEM: 3.1

THE REDEVELOPMENT AGENCY OF THE CITY OF SAN JOSE

MEMORANDUM

TO: REDEVELOPMENT AGENCYBOARD

FROM: HARRY S. MAVROGENESEXECUTIVE DIRECTOR

SUBJECT:SEE BELOW

DATE:JUNE 3, 2010

SUBJECT: FY 2010-2011 APPROPRIATIONS RESOLUTIONS,AMENDMENTS TO THE ADOPTED FY 2009-2010 REVISEDBUDGET AND GRAFFITI REMOVAL PROGRAM FINDINGS

RECOMMENDATION

It is recommended that the Redevelopment Agency Board adopt resolutions:

(a) Approving amendments to the FY 2009-10 Revenue and AppropriationsResolutions as detailed on Attachment A;

(b) Adopting the FY 2010-11 Revenue and Appropriations Resolutions for thesecond year of the Adopted FY 2010-2015 Capital Improvement Program(CIP), including revisions to the Adopted FY 2010-11 CIP as detailed onAttachment B;

(c) Authorizing the Executive Director to rebudget remaining FY 2009-10Operating and Capital Budget appropriation balances to FY 2010-11 forongoing projects/programs previously approved by the Agency Board; and,

(d) Making certain determinations regarding the expenditure of Agency fundsto eradicate graffiti.

OUTCOME:

Approval will ensure continuity of the Redevelopment Agency's fiscal operations.

Redevelopment Agency Board

FY 2010-2011 APPROPRIATIONS RESOLUTIONS, June 3, 2010AMENDMENTS TO THE FY 2009-2010 ADOPTEDBUDGET

BACKGROUND

On June 23, 2009, the Agency Board adopted the Agency's FY 2009-2010Appropriation and Revenue Resolutions to implement the second year of the Two-Year Spending Plan approved by the Board on December 16, 2008. The actionincluded the Operating and Capital Budget for FY 2009-2010, providing thenecessary interim funding for ongoing operating costs, capital projects andprograms and obligations to the City and County.

On February 23, 2010, the Board adopted the Agency's FY 2009-2010 RevisedCapital and Operating Budget and FY 2010-2015 Capital Improvement Program,which was significantly scaled back from the FY 2009-10 Spending Plan adoptedby the Board in June 2009. The reductions reflected the impact of the State takeof $75 million in Agency funds and less than expected tax increment revenues dueto the lagging economy.

The Mayor's March City Budget Message, approved by the Board on March 23,2010, recommended the Agency submit its FY 2010-2011 Proposed Capital andOperating Budget on May 3, 2010. Per the Mayor's instruction, since the Agencyjust adopted the FY 2010-2015 CIP on February 23, 2010, there is no need to issuea Proposed Capital and Operating Budget on May 3, 2010, followed by a revisedFY 2010-2011 Capital Budget and FY 2011-2015 Capital Improvement Programon August 31, 2010, after the Santa Clara County Assessor has providedinformation on current year assessment rolls.

ANALYSIS

Instead of submitting a new Capital and Operating Budget and Five year CIP, perthe Mayor's Budget Message, the Agency proposes to adopt the second year of theAgency's FY 2010-2015 CIP approved by the Board on February 23, 2010, withrevisions, as summarized on Attachment D, Merged Area Source and Use ofFunds Summary.

The State's take of tax increment from redevelopment agencies through theSupplemental Education Revenue Augmentation Fund (SERAF) mechanism hasadversely affected the current market for California Tax Allocation Bonds. Theuncertainty created by the law and the lack of certainty regarding assessed valuesin the upcoming fiscal year has created marketing challenges for the issuance oftax allocation bonds. The Agency had anticipated issuing $30 million this fiscalyear. After careful consideration by the Agency's financing team, which includes

Budget Adoption



a City representative, the General Counsel's Office and outside experts, theAgency is deferring sale of the proposed $30 million tax allocation bonds to a dateto be determined. This will give the Agency an opportunity to review the CountyAssessor's roll for the next fiscal year and determine whether bonds can be issuedin FY 2010-2011.

The Proposed FY 2010-2011 $50 million Capital Budget provides interim fundingfor projects and programs to continue the work of the Redevelopment Agency intough economic times when economic stimulus is needed more than ever. Theinterim funding, due to uncertainties associated with the State budget and therelease of the project area assessment data from the County Assessor, will providean ongoing commitment to continue to meet the work plan and priorities set by theMayor and Board, under the Ten Guiding Principals in the Mayor's March budgetissued on March 13, 2009, and approved by the Board on March 24. Fundingincludes the previously approved FY 2010-2011 (or Year 2 of the FY 2010-2015CIP) and rebudgeted funds available as of May 31, 2010, from the FY 2009-2010Capital Budget. The expansion of the Convention Center funding of $16 millionin FY 2009-2010 is deferred to a future year to be determined in the August 31,2010, Proposed FY 2010-2011 budget. Details of the Proposed Capital Budget areincluded on Attachment B.

The Proposed Operating Budget of $17.9 million reflects a decrease of $5.7million or 24.2% from the July 1, 2009, Adopted Budget ($23.6 million budgetadopted June 23, 2009) and a reduction of $1 million or 5.6% from the recentlyapproved CIP on February 23, 2010. The Agency has continued to be proactive intaking the necessary actions to reduce its operating costs, as reflected in thesignificant reduction in staffing levels from a high of 119 as of July 2009 to 83.The reduced staffing level reflects the scaled down capital budget as a result of thecurrent recession and the State's take of $75 million for the SERAF. Details of theProposed Operating Budget are included on Attachment C.

Other factors outside the control of the Agency that might impact the Agency'sfunding capacity in the near future include the uncertainties in the financialmarkets and its impact on short and long term borrowing, the State's potential takeof additional dollars for future SERAF payments and ongoing negotiations withthe County of Santa Clara.

Due to the uncertainty in the amount of tax increment revenue to be received forFY 2010-2011 and other factors discussed above, the Agency is submitting a oneyear budget at this time to provide funding to support its ongoing Capital projects

Budget Adoption



and programs; operating expenditures, City-related services and programs andother financial obligations. After tax revenue data are made available, a revisedFY 2010-2011 Capital Budget and Five-Year 2011-2015 Capital ImprovementProgram will be submitted on August 31, 2010.

In summary, the Agency continues to face significant financial challenges,challenges that the Agency has faced in the past and has overcome and continuedon to new heights. This proposed budget is a balanced plan and a prudentresponse to the economic downturn and the State's take of $75 million. It reflectsa reduction of 36 positions or 30% of the Agency's professional staff, from theJuly 1, 2009, Budget. It reflects a reduction in the direct financial support theAgency is able to provide to our City and County partners. Although thesereductions have been difficult, the Agency remains positioned to resume itsmission as soon as the economy recovers. The Proposed Capital Budget is basedon strategic use of the Agency's limited resources in line with the Board's TenGuiding Principles, focusing on economic development strategies andinvestments, such as funding for acquisition of a potential Major League Ballparksite, funding infrastructure in North San Jose and reconfiguring Autumn Street asa new gateway to the downtown.

In addition, the Agency and the City recognize the importance of the StrongNeighborhoods Initiative programs and our collective accomplishments over thepast decade. To keep the momentum going, staff has been working closely withthe neighborhood leaders and, in close collaboration with the community, hasprepared an update to the SNI Business Plan, which will also be brought forwardfor Board/Council approval. Although the Agency's 5-year CIP includes majorSNI capital projects in future years, activity on a number of smaller projects andinitiatives that are part of the Top Ten list are continuing. Due to changes in thelong-term planning associated with funding availability, few communities haverequested re-prioritization of their top ten without the need for additional funding.Staff agrees with these requests, however, the requested changes require somebudget adjustments as depicted on the attachment A. These initiatives willfacilitate the completion of the following Top Ten Priorities in the listedneighborhoods:

• Greater Gardner SNI - Repairing/reconstructing deteriorated streets,sidewalks and related systems (Priority One);

• Winchester SNI - Installing new curbs, gutters, sidewalks, storm drains andtrees (Priority Two); and

• Spartan/Keyes SNI - Improving the conditions of alleyways (Priority Ten).

Budget Adoption



The recommended revisions to Adopted Revised FY 2009-2010 Revenue andExpenditure appropriation are listed in Attachment A outlining the proposedappropriation adjustments:

REBUD GET S :

The timing of expenditures and encumbrances for many of the Agency's projectsand programs occurs in multiple fiscal years, which results in remainingappropriation balances at the end of a fiscal year. Both Operating and Capitalremaining appropriation balances need to be carried forward into the new fiscalyear to ensure that Agency projects and programs remain on schedule.

The proposed action recommends that the Agency Board authorize the ExecutiveDirector to rebudget remaining appropriation balances from FY 2009-10 into FY2010-11. The FY 2010-11 appropriations include rebudget amounts as of May 31,2010. These amounts will be adjusted accordingly to reflect the June 30, 2010,appropriation balances following the conclusion of the Agency's FY 2009-10year-end audits. These steps will ensure that total project budgets remainconsistent with amounts previously approved by the Agency Board without afunding disruption between fiscal years.

GRAFFITI REMOVAL FINDINGS:

The Agency allocates funding in its Merged Area Impact — Property Managementline item, as well as in various Neighborhood Business Districts and other lineitems, to remove graffiti within project areas. To spend Agency funds for thispurpose, the Agency Board must make a finding that, because of the magnitudeand severity of the graffiti within the project areas, this action is necessary toeffect the purposes of the Redevelopment Plan and to assist with elimination ofblight. This program removed 5,792 posters and stickers, abated 15,466 graffititags and cleaned 318,390 linear feet of sidewalk during the past Fiscal Year.

PUBLIC IMPROVEMENT PROJECTS:

The Board traditionally adopts a resolution making certain determinationsregarding the expenditure of tax increment on public projects when it adopts theannual budget. Since no new capital projects are being proposed at this time,those determinations are not required. When the revised budget is broughtforward in September those determinations will be included, if necessary.

Budget Adoption



PUBLIC OUTREACH/INTEREST

The proposed action does not meet any of the criteria noted below for addedoutreach efforts. This staff report was posted on the Agency's website and madeavailable for public review in the Agency's public lobby area.

LI Criterion 1: Requires Council action on the use of public funds equal to $1million or greater.

LI Criterion 2: Adoption of a new or revised policy that may haveimplications for public health, safety, quality of life, or financial/economicvitality of the City.

LI Criterion 3: Consideration of proposed changes to service delivery,programs, or staffing that may have impacts to community services and havebeen identified by staff, the Board or Council, or a community group thatrequires special outreach.

FISCAL IMPACT

The fiscal impact to the Agency's Capital Reserve is summarized in AttachmentsA, B, C and D.

COORDINATION

This item has been coordinated with the City Manager's Budget Office and theAgency's General Counsel.

VA Y S. MA ' OGENESExecutive Director

Attachments

Budget Adoption

ATTACHMENT A

THE REDEVELOPMENT AGENCY OF THE CITY OF SAN JOSEPROPOSED ADJUSTMENTS TO FY2009 -2010 ADOPTED REVISED BUDGET

Agency's ProposedBusiness Budget Adopted Revised Budget Net Change toUnit Number Project Year FY 2009-10 Change FY2009-10

SOURCE OF FUNDS Interest - deferred sale of bondBond ProceedsMisc Revenue

USE OF FUNDS Capital Expenditure

0900395 City ImprovementAutumn Street Infrastructure Plan

0650757 Fountain Alley Parking Lot

FY 09-10 3,417,78530,000,00042,759,963

6,014,5545,671,849

715

-676,756-30,000,000+11,216,699

-50,000+1,710,000+150,000

2,741,0290

53,976,662

5,964,5547,381,849150,715

SNI (Fund #056)

0560802-002 SNI - Greater Gardner: Impvt Neighborhood Open Space 25,000 -24,985

15

0560802-004 SNI - Greater Gardner: Street Improvements

88,500

+24,985

113,485

0560808-006 SNI - Winchester: Business Façade 44,000 -44,000

0

0560808-004 SNI - Winchester: Traffic Calming and Streetscape 0

+44,000

44,000

0560831-0030560831-0050560831-010

SNI - Spartan Keyes: Traffic CalmingSNI - Spartan Keyes: Revitalized Businesses (Façade)SNI - Spartan Keyes: Alleyways

50,00044,000

0

-50,000-44,000+94,000

00

94,000

CAPITAL RESERVE -21,270,057

ATTACHMENT B

FY 2010-2011MERGED AREA REVENUE SUMMARY

ProposedREVENUES: FY 2010-2011

Beginning Fund Balance 67,669,674

Tax Increment 200,275,011

Supplemental Assessments 3,000,000

SERAF Loan from City 13,000,000

Trust Account Interest 992,279

Redevelopment Fund Interest 2,118,956

City Parking Revenue Fund Reimbursement 3,400,000

Other/Miscellaneous 19,825,536

TOTAL REVENUE 310,281,456

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ATTACHMENT B

REDEVELOPMENT FINANCING/OTHER COSTS

Financing/Other Costs: Each of the following sums of money is hereby appropriated to theRedevelopment Merged Area Fund to each of the following items, for fiscal year2010-2011, for financing and other costs:

Financing/Other Costs:

Proposed

FY 2010-2011

Tax Alloc., Variable Rate Bonds, HUD Debt Service 139,201,316

ERAF Loan Payment 4,497,184

20% Housing Set Aside 40,655,002

ERAF Payment 12,800,000

AB1290 Pass-Through 4,661,177

4th Street Garage Bond - Debt Service 3,400,000

Convention Center Bond Debt Service 15,012,113

TOTAL FINANCING/OTHER COSTS 220,226,792

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ATTACHMENT B

FY 2010-2011REDEVELOPMENT CAPITAL EXPENDITURES

Remaining Balance FY 2010-2011 ProposedCapital Project Appropriations: As of 5/31/10 New Funding FY 2010-2011

Century Center 150,000 0$ 150,000Edenvale 1,069,530 1,075,470 2,145,000Julian Stockton 2,139,531 8,954,000 11,093,531Merged Area Impact 4,591,411 24,155,275 28,746,686Neighborhood Investment Program 1,188,980 224,000 1,412,980Strong Neighborhoods Initiative 3,081,728 1,385,665 4,467,393Park Center 1,095,711 0 1,095,711Rincon de Los Esteros 869,921 0 869,921San Antonio 100,000 0 100,000

Total Capital Project Appropriation 14,136,812 $ 35,794,410 $ 50,081,222

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ATTACHMENT B

REDEVELOPMENT CAPITAL FUNDS

Redevelopment Ca ital Fund Century Center Redevelopment ProjectEach of the following sums of money is hereby appropriated to the Redevelopment Capital Fund for eachof the following designated line items, for fiscal year 2010-2011, for the Century Center RedevelopmentProject:

Remaining Balance FY 2010-2011 ProposedAs of 5/31/10 New Funding FY 2010-2011

1 Fountain Alley Parking Lot 150,000 $ 0 $ 150,000

TOTAL CENTURY CENTER 150,000 $ 0 $ 150,000

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ATTACHMENT B


Redevelopment Capital Fund - Edenvale Redevelopment ProjectEach of the following sums of money is hereby appropriated to the Redevelopment Capital Fund for each ofthe following designated line items, for fiscal year 2010-2011, for the Edenvale Redevelopment Project:

1 BioCenter: Equipment Acquisitions and

Remaining BalanceAs of 5/31/10

FY 2010-2011New Funding

ProposedFY 2010-2011

Tenant Improvements 39,530 $ 345,470 $ 385,0002 BioCenter Lease 0 400,000 400,000

3 IDT Lease 0 176,000 176,0004 Assessment District/Interchange Improvements 30,000 154,000 184,0005 Edenvale Emerging Technologies Fund 1,000,000 0 1,000,000

TOTAL EDENVALE 1,069,530 $ 1,075,470 $ 2,145,000

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ATTACHMENT B


Redevelopment Capital Fund - Julian/Stockton Redevelopment ProjectEach of the following sums of money is hereby appropriated to the Redevelopment Capital Fund for each ofthe following designated line items, for fiscal year 2010-2011, for the Julian/Stockton RedevelopmentProject:


1 North San Pedro Housing/Brandenburg 2,139,531 $ 8,954,000 $ 11,093,531

TOTAL JULIAN/STOCKTON 2,139,531 $ 8,954,000 $ 11,093,531

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ATTACHMENT B


Redevelopment Capital Fund - Neighborhood Investment Program Project Each of the following sums of money is hereby appropriated to the Redevelopment Capital Fund for each ofthe following designated line items, for fiscal year 2010-2011, for the Neighborhood Investment ProgramRedevelopment Project:




1 Alum Rock - Alum Rock Village 100,000 $ 0$ 100,0002 Story Road - King & Story Implementation 85,000 0 85,0003 The Alameda - Parking Solutions 82,745 40,000 122,7454 Japantown - Corporation Yard Planning &

Development (City Funds) 207,215 0 207,2155 Japantown - Parking Lot Lease 11,291 44,000 55,2916 NBD - Façade Improvements 632,182 0 632,1827 NBD - Program Operations 12,809 140,000 152,809

8 NBD - Implementation & Opportunity Sites 57,738 57,738

TOTAL NEIGHBORHOOD INVESTMENTPROGRAM 1,188,980 $ 224,000 $ 1,412,980

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ATTACHMENT B


Redevelopment Capital Fund - Strong Neighborhoods Initiative. Each of the following sums of money is hereby appropriated to the Redevelopment Capital Fund for eachof the following designated line items, for fiscal year 2010-2011, for the Strong Neighborhoods InitiativeRedevelopment Project:




1 SNI - 13th Street 520,248 0 520,2482 SNI - Five Wounds/Brookwood Terrace 96,338 65,000 161,3383 SNI - Delmas Park 108,857 0 108,8574 SNI - East Valley/680 Communities 294,000 0 294,0005 SNI - Edenvale/Great Oaks 197,736 0 197,7366 SNI - Greater Gardner 113,484 0 113,4847 SNI - University 44,000 0 44,0008 SNI - Washington 158,000 0 158,0009 SNI - West Evergreen 180,956 0 180,95610 SNI - Winchester 44,000 0 44,00011 SNI - Attractive Neighborhood 340,789 163,241 504,03012 SNI - Outreach and Training 50,188 0 50,18813 SNI - Mayfair 60,000 950,000 1,010,00014 SNI - Spartan/Keyes 81,116 28,000 109,11615 SNI - Tully/Senter 31,905 0 31,90516 SNI - City Manager's Office - SNI Team 383,764 179,424 563,18817 SNI - City Attorney Code Enforcement 76,347 0 76,34718 SNI - Rental Housing Development 300,000 0 300,000

TOTAL STRONG NEIGHBORHOODSINITIATIVE 3,081,728 $ 1,385,665 $ 4,467,393

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ATTACHMENT B


Redevelopment Capital Fund - Park Center Redevelopment ProjectEach of the following sums of money is hereby appropriated to the Redevelopment Capital Fund for eachof the following designated line items, for fiscal year 2010-2011, for the Park Center RedevelopmentProject:


1 Civic Auditorium 595,711 $ 0 $ 595,7112 Montgomery Theatre 500,000 0 500,000

TOTAL PARK CENTER 1,095,711 $ 0 $ 1,095,711

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ATTACHMENT B


Redevelopment Capital Fund - Rincon De Los Esteros Redevelopment ProjectEach of the following sums of money is hereby appropriated to the Redevelopment Capital Fund for each ofthe following designated line items, for fiscal year 2010-2011, for the Rincon De Los Esteros RedevelopmentProject:


1 Rincon - Vision N. San Jose Infrastructure andPark Improvements $ 269,921 $ 0 $ 269,921

2 Industrial Development Opportunities 600,000 0 600,000

TOTAL RINCON DE LOS ESTEROS 869,921 $ 0 $ 869,921

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ATTACHMENT B


Redevelopment Capital Fund - San Antonio Plaza Redevelopment ProjectEach of the following sums of money is hereby appropriated to the Redevelopment Capital Fund for eachof the following designated line items, for fiscal year 2010-2011, for the San Antonio PlazaRedevelopment Project:


1 Fairmont Annex Retail Improvements 100,000 $ 0 $ 100,000

TOTAL SAN ANTONIO PLAZA 100,000 $ 0 $ 100,000

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ATTACHMENT BREDEVELOPMENT CAPITAL FUNDS

Redevelopment Capital Fund - Merged Area Impact Program Project Each of the following sums of money is hereby appropriated to the Redevelopment Capital Fund for each ofthe following designated line items, for FY 2010-2011, for the Merged Redevelopment Project:




1 San Jose Downtown Association 0 495,000 495,0002 Façade Improvement Program 355,689 0 355,6893 Misc. Public Improvements 42,367 200,000 242,3674 Automatic Public Toilets 65,970 530,000 595,9705 City Improvements 0 1,292,690 1,292,6906 Assessor 32,017 0 32,0177 Retail Strategy 92,986 0 92,9868 Public Property Management 26,743 81,250 107,9939 Blight Abatement 0 77,004 77,00410 Asset Management 46,412 121,250 167,66211 Public Space Program 29,745 0 29,74512 0EA Audit Services 0 14,624 14,62413 Litigation Services 105,830 75,000 180,83014 Real Estate and Relocation Services 3,550 176,450 180,00015 Downtown Business Improvment Pool & Loans 303,425 0 303,42516 Downtown Ice Rink 0 155,000 155,00017 Land Banking for Future Development 145,573 19,000,000 19,145,57318 City Planning Code Enforcement Services 135,975 47,232 183,20719 Competitive Art Capital Fund 82,000 107,000 189,00020 Consultant Project Support Studies 104,696 0 104,69621 City Auditor Services 50,000 0 50,00022 Parking Lot Development/Improvements 20,082 20,08222 Autumn Street Infrastructure Funding Plan 1,110,990 890,000 2,000,99023 Industrial Work Program Implementation 199,440 0 199,44024 Arena Employee Parking 150,000 0 150,00025 Clean Tech Jobs Investment Fund 1,000,000 0 1,000,00026 490 & 500 S. First Building Improvements 45,000 0 45,00027 Plan Amendment Process 210,000 0 210,00028 San Jose Municipal Stadium 232,921 0 232,92129 San Jose Innovation Center 0 500,000 500,00030 HP Pavilion Parking Feasibility Study 0 100,000 100,00031 GC0 Transitional Costs 0 292,775 292,775

TOTAL MERGED AREA IMPACTPROGRAM

4,591,411 $ 24,155,275 $

28,746,686

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ATTACHMENT B

FY 2010-2011REDEVELOPMENT OPERATING EXPENDITURES

ProposedGeneral Fund Operating Expenditures: FY 2010-2011

Personal Services 1,912,448Non-Personal Services/Capital Equipment 151,251City Support Services 1,951,778Mayor/Board 2,272,380

Total General Fund Operating Expenditures: 6,287,857

Capital Project Fund Operating Expenditures:Direct Cost:Personal Services 6,098,900Non-Personal Services 134,231

Sub-total Direct Cost 6,233,131Indirect Cost:Personal Services 3,478,355Non-Personal Services 1,853,218Capital Outlay/Equipment 16,500

Sub-total Indirect Cost 5,348,073

Total Capital Project Fund Operating Expenditures: $ 11,581,204

TOTAL OPERATING EXPENDITURES: 17,869,061

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ATTACHMENT B

REDEVELOPMENT OBLIGATED PAYMENTS

Obligated Payments:Each of the following sums of money is hereby appropriated to theRedevelopment Merged Area Fund to each of the following items, for fiscal year2010-2011, for obligated payments:

Proposed

Obligated Payments: FY 2010-2011

Fiscal Agent Fees 425,177

Letter of Credit Fees 2,210,600

Arena Pass-Through 325,000

County Tax Collection Fees 2,081,463

TOTAL FINANCING/NON-PROJECT COSTS 5,042,240

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ATTACHMENT C


FY 2010-2011 Proposed Operating Budget

PERSONNEL SERVICES

7/1/2009Adopted

FY 2009-2010

2/23/2010Adopted Revised

FY 2009-2010

Proposed

FY 2010-2011

Salaries/Retirement $ 14,485,969 11,850,363 $ 9,867,646Other Benefits 2,069,699 1,855,198 1,622,057Total Personnel 16,555,668 $ 13,705,561 $ 11,489,703

NON-PERSONNELSupplies and Materials $ 104,548 $ 74,138 75,000Communications 27,600 12,600 16,000Postage 20,000 10,000 10,000Printing and Legal Advertising 88,000 68,387 68,000Delivery 4,200 2,200 2,200Rent-Land and Building 1,390,875 1,340,875 1,290,875Rent-Machines and Equipment 65,001 45,001 45,000Meeting Expenses 18,150 16,150 16,150Travel 18,800 22,300 12,000Training 154,400 5,000 5,000Education Reimbursement 22,534 0 0Dues and Subscriptions 50,273 50,273 50,000Computer Data Processing 191,700 35,700 35,000Contracted Professional 474,600 396,976 400,000Professional Services 43,000 13,000 40,000Public Education & Outreach 29,800 21,800 20,000Maintenance and Repair 54,300 4,300 20,000Insurance 20,000 0 20,000Miscellaneous 20,000 20,000 13,475

TOTAL NON-PERSONNEL $ 2,797,781 $ 2,138,700 $ 2,138,700

Cap Outlay/Equipment 16,500 $ 16,500 $ 16,500

TOTAL EQUIP & LEASE IMPVT $ 16,500 $ 16,500 $ 16,500

City Support Services $ 4,209,481 $ 4,209,481 $ 4,224,158

TOTAL OPERATING $ 23,579,430 $ 20,070,242 $ 17,869,061

Authorized Positions 119 92 83

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ATTACHMENT C


FY 2010-2011 Proposed Operating Budget

7/1/2009 2/23/2010

Payment to the City of San Jose Adopted Adopted Revised Proposed

FY 2009-2010 FY 2009-2010 FY 2010-2011

CITY SERVICES

Overhead $ 892,765 $ 892,765 $ 892,765

IT (City accounting system support) 1,200 1,200 1,200

FMS (City accounting system inquiry) 2,000 2,000 2,000

IDTS Project (on-going support costs) 28,581 28,581 28,581

Finance.- Risk Management 12,579 12,579 13,251

OED 1,087,185 1,087,185 1,013,981

City Manager Office DT Coordinator 67,497 67,497 -

MAYOR/BOARD 2,117,674 2,117,674 2,272,380

TOTAL CITY SUPPORT SERVICES $ 4,209,481 $ 4,209,481 $ 4,224,158

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ATTACHMENT DTHE REDEVELOPMENT AGENCY OF THE CITY OF SAN JOSE

MERGED AREA SOURCE AND USE OF FUNDS SUMMARY

SOURCE OF FUNDS

71112009Adopted

FY 2009-2010

2123/2010Adopted Revised

FY 2009-2010Estimate

FY 2009-2010Proposed

FY 2010-2011

TI Growth Rate 4.76% 2.68% 2.68% 0.00%Beginning Fund Balance $ 121,533,009 124,803,727 124,803,727 67,669,673Tax Increment 204,209,300 200,275,011 200,275,011 200,275,011Supplemental Assessments 2,000,000 3,000,000 3,000,000 3,000,000Bond Proceeds 99,000,000 30,000,000 0 0SERAF Loan from City 0 62,000,000 62,000,000 13,000,000Trust Account Interest 1,601,746 818,085 818,085 992,279Redevelopment Fund Interest 2,310,848 3,417,785 2,734,875 2,118,956City Parking Revenue Fund Reimbursement 0 1,700,000 1,700,000 3,400,000Other/Miscellaneous 51,154,812 42,373,935 53,976,662 19,825,536

TOTAL SOURCE OF FUNDS $ 481,809,715 468,388,543 449,308,360 310,281,456

USE OF FUNDSFinancing/Other Costs:

Tax Alloca., Var. Bond; HUD Debt Service $ 140,452,018 143,839,418 143,839,418 139,201,316ERAF Loan Payment 4,498,332 4,498,332 4,498,332 4,497,18420% Housing Set Aside 41,241,860 40,655,002 40,655,002 40,655,002ERAF Payment 0 62,247,530 62,247,530 12,800,000AB1290 Pass-Through Payments 749,936 4,661,177 4,661,177 4,661,177Downtown Housing Reserve 3,000,000 0 0 04th St. Parking Garage Bond - Debt Service 3,400,000 3,400,000 3,400,000 3,400,000Convention Center Bond Debt Service 14,665,750 14,665,750 14,665,750 15,012,113

Total Financing/Other Costs: $ 208,007,896 273,967,209 273,967,209 220,226,792

C/O Encumbrance 0 38,722,846 26,212,545 0

Capital Expenditures:Strengthen Neighborhoods 9,505,630 2,002,818 2,857,878 751,080Strong Neighborhoods Initiative 44,207,569 6,104,808 12,054,617 4,467,393Develop, Preserve Housing 13,681,591 2,919,402 881,398 11,093,531Build Public Facilities 30,332,600 15,939,418 12,879,721 4,813,079Economic Development 99,342,962 37,557,443 20,617,656 28,956,139

Total Capital Expenditures 197,070,352 64,523,889 49,291,270 50,081,222

Operating ExpendituresPersonnel 3,320,813 3,502,586 3,502,586 1,912,448Non - Personnel/Capital Equipment 190,278 215,097 215,097 151,251City Support Services 4,209,481 4,209,481 4,209,481 4,224,158Capital Project Direct Operating Cost 8,380,825 7,244,642 7,244,642 6,233,131Capital Project Indirect Operating Cost 7,478,033 4,898,436 4,898,436 5,348,073

Total Operating Expenditures 23,579,430 20,070,242 20,070,242 17,869,061

Obligated Payments:Fiscal Agent Fees 425,177 425,177 425,177 425,177Letter of Credit Fees 634,900 1,834,900 1,834,900 2,210,600Arena Pass-Through Payment 325,000 355,000 355,000 325,000County Tax Collection Fees 2,075,791 1,982,345 1,982,345 2,081,463County Settlement Payment 7,500,000 7,500,000 7,500,000 0County Delegated Funds 19,800,000 0 0 0County Pass-Through Agreement Payment 21,679,425 0 0 0

Total Obligated Payments 52,440,293 12,097,422 12,097,422 5,042,240

TOTAL USE OF FUNDS $ 481,097,971 409,381,608 381,638,687 293,219,315

CAPITAL RESERVE (Ending Fund Balance) $ 711,744 59,006,935 67,669,673 17,062,141

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