HomeMy WebLinkAboutE Res No. HA-24 - Palm Desert Housing Authority Financial Plan FY 2004-2005PALM DESERT HOUSING AUTHORITY
FINANCIAL PLAN
FISCAL YEAR 2004-2005
Item 5
RESOLUTION HA -
A RESOLUTION OF THE CITY COUNCIL OF THE HOUSING AUTHORITY
OF PALM DESERT, CALIFORNIA, ADOPTING A PROGRAM
AND FINANCIAL PLAN FOR THE FISCAL YEAR JULY 1,
2004 THROUGH JUNE 30, 2005
WHEREAS, the Housing Authority has received and considered the proposed Program and
Financial Plan submitted by the Executive Director on June, 2004; and
WHEREAS, after due notice, the Housing Authority held a public hearing on the proposed
plan.
NOW, THEREFORE, BE IT RESOLVED by the Palm Desert Housing Authority Board
of the City of Palm Desert, California, that:
1. The amounts shown on Exhibit 1, "Estimated Revenues," are hereby accepted as the
Estimated Revenues for the 2004-2005 Fiscal Year for each fund and revenue source.
2. The amounts shown on Exhibit 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-depait,uental budgeted line item
variations; additional appropriations or inter -departmental budget transfers will be
specifically approved by further Housing Authority action during the 2004-2005 Fiscal Year
as the need arises.
3. The amounts shown on Exhibit 3, "Continuing Appropriations, Existing Capital
Projects," are hereby accepted as continuing appropriations from the 2003-04 Fiscal Year.
The amounts included in this exhibit include all unexpended amounts from purchase orders
and contracts encumbered by June 30, 2004.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert
and Housing Authority held on this 24 day of June, 2004, by the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
ROBERT A. SPIEGEL, MAYOR
ATTEST:
RACHELLE KLASSEN, DEPUTY CITY CLERK
CITY OF PALM DESERT, CALIFORNIA
xiv
PALM DESERT ESTIMATED REVENUES, Exhibit 1, Res#04-
1 st Year 2nd Year
Actual Adopted Projected Budget Budget
CATEGORY / FUND FY 02-03 FY 03-04 FY 03-04 FY 04-05 FY 05-06
Housing Authority Fund:
1. Rent fm Apartments/Interest 4,394,276 4,636,459 4,686,459 4,558,358 4,558,358
2. Reimbursement 1,785
Total Housing Authority Fund 4,396,061 4,636,459 4,686,459 4,558,358 4,558,358
Housing Authority
\bud96\bud-exhi.xlw
HOUSING AUTHORITY
CAPITAL IMPROVEMENT PROGRAM
Exhibit 3
HA -
EXISTING PROJECTS IN FISCAL YEAR 2003-04 CONTINUED TO FY 2004-2005
PROJECT TITLE
ESTIMATED
PROJECT
TOTAL FOR
UFE OF
PROJECT
ACCOUNT
NUMBERS
FUNDING
SOURCES
FY 2003-04
to FY04.05
• SEE NOTE
RDA Palm Desert Housing Auth Fund 871
Laguna Palms Apts-Capitlal Improvements
Continuing
Housing Authority FD 871
43,025
Catalina Gardens Apts-Replacement
Continuing
Housing Authority FD 871
17,145
Catalina Gardens Apts-Capital Budget
Continuing
Housing Authority FD 871
22,300
Desert Point Apts-Capital Budget
Continuing
Housing Authority FD 871
32,993
Desert Point Apts-Replacement
Continuing
Housing Authority FD 871
22,202
Las Serenas Apts-Replacement
Continuing
Housing Authority FD 871
96,908
Las Serenas Apts-Capital Budget
Continuing
Housing Authority FD 871
65,358
Neighbors Gardens Apts-Replacement
Continuing
Housing Authority FD 871
34,367
Neighbors Gardens Apts-Capital Budget
Continuing
Housing Authority FD 871
44,244
One Quail Place -Capital Budget
Continuing
Housing Authority FD 871
231,903
One Quail Place Apts-Replacement
Continuing
Housing Authority FD 871
131,906
One Quail Place Apts-Capital Improvements
Continuing
Housing Authority FD 871
303,687
The Pueblos Apts-Replacement
Continuing
Housing Authority FD 871
14,244
The Pueblos Apts-Capital Improvement
Continuing
Housing Authority FD 871
5,000
The Pueblos Apts-Capital Budget
Continuing
Housing Authority FD 871
17,151
Taos Palms Apts-Capital Budget
Continuing
Housing Authority FD 871
14,700
Taos Palms Apts-Replacement
Continuing
Housing Authority FD 871
8,541
TOTAL EXISTING PROJECTS
• NOTE: APPROPRIATIONS AND/OR ENCUMBRANCES FOR REBUDGET/CARRYOVER
FROM FISCAL YEAR 2003-04 TO 2004-05
Continuing appropriations are amounts which have been appropriated in FY 2003-04 and are not expected to be expended by
June 30, 2004. These funds are primarily for capital budgets and speck programs that overlap fiscal years. When authorized,
continuing appropriation amounts are added to the new fiscal year budget amounts in order to track all approved spending.
The exact amount of appropriations for canyover in each fund indicated will be determined at the end of the fiscal year during the
preparation of financial statements. This amount will include: 1) purchase orders and contracts encumbered totals and
2) unencumbered balances as of June 30, 2004 for appropriations approved by the Housing Authority Board through the last meeting in
June, 2004.
$1,105,674