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Staff Approval: PT REQUEST FOR HRA ACTION Date: 2-17-09 Item No: 10.b. Agenda Section: Action Item Item Description: Approval of Amendments to 2009 RHRA Budget (HF0069) 1.0 2.0 Background On December 15, 2009, the Roseville City Council approved a final HRA levy of $258,000. Based on the City Council action and taken into account the actual amount of cash carry over from 2008, staff has made modifications to the 2009 budget. There are no maj or impacts to the revised budget, but staff is proposing to make some minor adjustments to balance the 2009 budget. At the end of 2008, we had a balance of $267,400 of uncommitted funds. This is in comparison to the estimated fund balance of $256,900 predicted in November 2008. Based on that fund balance plus a levy of $258,000 plus interest earnings and income from the Home and Garden Fair, the RHRA will have a total of $547,400 in revenue. Based on that revenue stream, staff has revised the 2009 RHRA budget (attached). Changes from the budget discussed in November include: • Adding $2,500 in expenses for printing and advertising for Home and Garden Fair. • Removing $7,000 from Marketing Studies category (82) by lowering the amount for printing and advertising and eliminating funding for the `Best in Shov�' in Home and Garden Fair for 2009. Staff has also reallocated $6000 for professional services to assist in a residential marked analysis. • Adding $4,900 in the General HRA Expenditures (00) to cover the costs for RHRA Attorney. The revised budget takes into account the final revenue streams and balances and totals $547,400. Suggested RFIRA Action By motion, approve the 2009 RHRA Budget as amended in Attachment A Prepared by: Patrick Trudgeon (792-7071) Attachment A: 2009 RHRA Work Plan 2009 RHRA Work Plan (02-17-09) - Page 1 of 1