HomeMy WebLinkAboutRES HA-108' RESOLUTION HA-108
A RESOLUTION OF THE PALM DESERT HOUSING AUTHORITY OF PALM
DESERT, CALIFORNIA, ADOPTING THE HOUSING AUTHORITY'S
FINANCIAL PLAN FOR THE FISCAL YEAR JULY 1, 2022 THROUGH JUNE
30, 2023
WHEREAS, the Housing Authority has received and considered the proposed
Financial Plan submitted by the Executive Director on June 23, 2022; and
WHEREAS, after notice duly given, the Housing Authority held a public hearing on the
proposed Financial Plan.
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 2022/2023 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 2022/2023 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 2022-23. The amounts included in this exhibit include all unexpended amounts
from purchase orders and contracts encumbered by June 30, 2022.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert
Housing Authority held on this 23rd day of June, 2022, by the following vote, to wit:
AYES: JONATHAN, KELLY, NESTANDE, QUINTANILLA, and HARNIK
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE f-
JJ NC. , CHAIRMAN
OF PAILM DESERT. CALIFORNIA
RESOLUTION NO. HA-108
Exhibit A
PALM DESERT HOUSING AUTHORITY
Fiscal Year 2022-2023
Section 1
Estimated Revenues
Budget
FY 22-23
Housing Authority Fund (871):
Rent Apartments
8,028.316
Reimbursement(Transfers/Interest
20,000
Total Housing Authority Fund
8,048,316
Housing Asset Fund (873):
Reimbursement/Transfers/Interest
95,000
Total Housing Asset Fund
95,000
Total Revenue - Housing Authority Funds 8,143,316
_.1
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Section 2
Budget
Appropriations
'
FY 22-23
Housing Authority Operations
FD 871
468,150
Housing Authority Apartments
FD 871
6,798,012
Replacement Reserve Expense
FD 871
2,393,392
Transfer Out to Housing Administration Fund 870
FD 871
446,400
Housing Asset Fund
FD 873
48,650
Total Housing Authority Appropriations" 10,154,604
Section 3
Budget
Capital Improvements S Continuing Appropriations FY 22-23
Capital Improvement Budget FD 873 675,000
Continuing Appropriations -
Total Housing Authority Capital 8. Continuing Appropriations' 675,000
These amounts will only be expended to the extent there are monies available from this prior '
year encumbrances, established reserve funds, repayments of loans, sales of homes, etc.
Housing Authority Revenue, Appropriations and Continuing Appropriations