HomeMy WebLinkAboutRES HA-096RESOLUTION HA - 96
A RESOLUTION OF THE PALM DESERT HOUSING AUTHORITY OF PALM
DESERT, CALIFORNIA, ADOPTING THE HOUSING AUTHORITY'S
BUDGET FOR THE FISCAL YEAR JULY 1, 2020 THROUGH JUNE 30, 2021
WHEREAS, the Housing Authority has received and considered the proposed budget
submitted by the Executive Director on June 25, 2020; and
WHEREAS, after notice duly given, the Housing Authority held a public hearing on the
proposed budget.
NOW, THEREFORE, THE PALM DESERT HOUSING AUTHORITY BOARD OF
PALM DESERT, CALIFORNIA, DOES HERBY RESOLVE AS FOLLOWS:
Section 1. The amounts shown on Exhibit A Section 1, "Estimated Revenues," are
hereby accepted as the Estimated Revenues for FY 2020/2021 for each fund and
revenue source.
Section 2. The amounts shown on Exhibit A Section 2, "Appropriations," are
hereby appropriated to the departments and activities indicated. The Executive
Director, or her duly appointed representative, will have the authority to approve intra-
and inter -departmental budgeted line item variations; additional appropriations will be
specifically approved by further Housing Authority action during the 2020/2021 fiscal
year as the need arises.
Section 3. The amounts shown on Exhibit A Section 3, "Continuing Appropriations,
Existing Capital Projects," are hereby accepted as continuing appropriations to
FY 2020-21. The amounts included in this exhibit include all unexpended amounts
from purchase orders and contracts encumbered by June 30, 2020.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert
Housing Authority held on this 25th day of June, 2020, by the following vote, to wit:
AYES: HARNIK, JONATHAN, KELLY, WEBER, and NESTANDE
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE /I
%c(
GINA NESTANDE, CHAIRMAN
ATTEST:
GRACE L. ROCHA, ACTING CITY CLERK
CITY OF PALM DESERT, CALIFORNIA
RESOLUTION NO. HA- 96 Exhibit A
PALM DESERT HOUSING AUTHORITY
Fiscal Year 2020-2021
Section 1
Budget
Estimated Revenues FY 20-21
Housing Authority Fund (8711:
Rent Apartments 6,890,520
Reimbursement/Transfers/Interest 87,500
Total Housing Authority Fund 6,978,020
Housing Asset Fund (8731:
Reimbursement/Transfers/Interest
Total Housing Asset Fund
121,000
121,000
Total Revenue - Housing Authority Funds 7,099,020
Section 2
Appropriations
Housing Authority Operations
Housing Authority Apartments
Replacement Reserve Expense
Transfer Out to Housing Administration Fund 870
Housing Asset Fund
Total Housing Authority Appropriations •
FD 871
FD 871
FD 871
FD 871
FD 873
Section 3
Capital Improvements & Continuing Appropriations
Capital Improvement Budget FD 873
Continuing Appropriations
Total Housing Authority Capital & Continuing Appropriations *
Budget
FY 20-21
243,150
6,176, 264
2,862,709
319,100
49,300
9,650.523
Budget
FY 20-21
443,210
443,210
These amounts will only be expended the extent there are monies available from the prior
year encumbrances, established reserve funds, repayments of loans, sales of homes. etc
Housing Authority Revenue. Appropriations and Continuing Appropnations
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