HomeMy WebLinkAboutRES HA-116RESOLUTION HA - 116
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, 2023
THROUGH JUNE 30, 2024
WHEREAS, the Housing Authority has received and considered the proposed
Financial Plan submitted by the Executive Director on June 22, 2023; 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 2023/2024 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 2023/2024 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 2023-24. The amounts included in this exhibit include all
unexpended amounts from purchase orders and contracts encumbered by June
30, 2023.
ADOPTED ON June 22, 2023.
KATHLEEN KELLY, CHAIRMAN
ATTEST:
ANTHONY J. MEJIA, SECRETARY
PALM DESERT HOUSING AUTHORITY
DocuSign Envelope ID: C79DAA20-43C8-4D0A-9F33-E6F5FD962FA9
Resolution No. HA-116 Page 2
I, Anthony J. Mejia, City Clerk of the City of Palm Desert, hereby certify that
Resolution No. HA-116 is a full, true, and correct copy, and was duly adopted at a regular
meeting of the City Council of the City of Palm Desert on June 22, 2023, by the following
vote:
AYES: HARNIK, NESTANDE, QUINTANILLA, TRUBEE, AND KELLY
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
RECUSED: NONE
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the
City of Palm Desert, California, on ___________________.
ANTHONY J. MEJIA
CITY CLERK
DocuSign Envelope ID: C79DAA20-43C8-4D0A-9F33-E6F5FD962FA9
7/6/2023
RESOLUTION NO. HA-116 Exhibit A
Section 1
Budget
Estimated Revenues FY 23-24
Housing Authority Fund (871):
Rent Apartments 9,068,266
Reimbursement/Transfers/Interest 20,000
Total Housing Authority Fund 9,088,266
Housing Asset Fund (873):
Reimbursement/Transfers/Interest -
Total Housing Asset Fund -
Total Revenue - Housing Authority Funds 9,088,266
Section 2
Budget
Appropriations FY 23-24
Housing Authority Operations FD 871 879,272
Housing Authority Apartments FD 871 7,372,246
Replacement Reserve Expense FD 871 2,953,759
Transfer Out to Housing Administration Fund 870 FD 871 504,922
Housing Asset Fund FD 873 68,650
Total Housing Authority Appropriations *11,778,849
Section 3
Budget
Capital Improvements & Continuing Appropriations FY 23-24
Capital Improvement Budget FD 873 675,000
Continuing Appropriations -
Total Housing Authority Capital & Continuing Appropriations *675,000
PALM DESERT HOUSING AUTHORITY
Fiscal Year 2023-2024
* 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
Page 1
DocuSign Envelope ID: C79DAA20-43C8-4D0A-9F33-E6F5FD962FA9