HomeMy WebLinkAboutRES HA-103RESOLUTION NO. HA-103
' A RESOLUTION OF THE PALM DESERT HOUSING AUTHORITY OF PALM
DESERT, CALIFORNIA, ADOPTING THE HOUSING AUTHORITY'S
BUDGET FOR THE FISCAL YEAR JULY 1, 2021 THROUGH JUNE 30, 2022
WHEREAS, the Housing Authority has received and considered the proposed budget
submitted by the Executive Director on June 24, 2021, 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 2021/2022 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 his 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 2021/2022 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 2021-22. The amounts included in this exhibit include all unexpended amounts
from purchase orders and contracts encumbered by June 30, 2021.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert
Housing Authority held on this 24th day of June, 2021, by the following vote, to wit:
AYES: HARNIK, JONATHAN, NESTANDE, QUINTANILLA, and KELLY
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
KATHLEE (ELLY, AIRMA
ATTEST:
M. GLORIA ,S CHEZ, AC G SlfCRETARY
CITY OF PAL A DESERT /CALIFO NIA
RESOLUTION NO. HA-103
Exhibit A
PALM DESERT HOUSING AUTHORITY '
Fiscal Year 2021-2022
Section 1
Estimated Revenues
Budget
FY 21.22
Housing Authority Fund (871):
Rent Apartments
7,250,001
Reimbursement/Transfers/Interest
50,000
Total Housing Authority Fund
7,300,001
Housing Asset Fund (873):
Reimbursement/Transfers/Interest 98,000
Total Housing Asset Fund 98,000
Total Revenue - Housing Authority Funds 7,398,001
Section 2
Budget '
Appropriations FY 21-22
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
333,150
FD
871
6,292,959
FD
871
2,953,759
FD
871
284,100
FD
873
48,650
9,912,618
Section 3
Budget
Capital Improvements & Continuing Appropriations FY 21-22
Capital Improvement Budget FD 673 675,000
Continuing Appropriations -
Total Housing Authority Capital & Continuing Appropriations' 675,000
` These amounts will only be expended to 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 Appropriations
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