HomeMy WebLinkAboutRES HA-123RESOLUTION HA -123
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, 2024
THROUGH JUNE 30, 2025
WHEREAS, the Housing Authority has received and considered the proposed
Financial Plan submitted by the Executive Director on June 27, 2024; and
WHEREAS, after notice duly given, the Housing Authority held a public hearing on
the proposed Financial Plan.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Palm Desert, California, as follows
SECTION 1. The amounts shown on Exhibit A, Section 1, "Estimated Revenues",
are hereby accepted as the Estimated Revenues for FY 2024-25 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 City Manager or
designee will have the authority to adjust intra- and inter-departmental budgeted line
items, as well as inter-fund transfers to facilitate approved projects, provided such
adjustments do not exceed the total approved budget, including any additional approved
appropriations. If the need arises during the fiscal year, requests for additional
appropriations will require approval by the City Council.
SECTION 3. The amounts shown on Exhibit A, Section 3, "Continuing
Appropriations, Existing Capital Projects," are hereby accepted as continuing
appropriations to FY 2024-25. The amounts included in this exhibit include all
unexpended amounts from purchase orders and contracts encumbered by June 30, 2024.
ADOPTED ON JUNE 27, 2024.
KARINA QUINTANILLA
MAYOR
ATTEST:
ANTHONY J. MEJIA
CITY CLERK
DocuSign Envelope ID: CB592957-4690-4B57-883B-65C8F3546C48
Resolution HA-123 Page 2
I, Anthony J. Mejia, City Clerk of the City of Palm Desert, hereby certify that
Resolution HA-123 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 27, 2024, by the following
vote:
AYES: HARNIK, KELLY, NESTANDE, AND TRUBEE
NOES: NONE
ABSENT: NONE
ABSTAIN: QUINTANILLA
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: CB592957-4690-4B57-883B-65C8F3546C48
6/28/2024
Exhibit A
Section 1
Budget
Estimated Revenues FY 2024-25
Housing Authority Fund (871):
Rent Apartments 9,663,031
Reimbursement/Transfers/Interest 70,600
Total Housing Authority Fund 9,733,631
Housing Asset Fund (873):
Reimbursement/Transfers/Interest 280,600
Total Housing Asset Fund 280,600
Total Revenue - Housing Authority Funds 10,014,231
Section 2
Budget
Appropriations FY 2024-25
Housing Authority Operations FD 871 561,150
Housing Authority Apartments FD 871 8,392,099
Replacement Reserve Expense FD 871 4,500,000
Transfer Out to Housing Administration Fund 870 FD 871 497,102
Housing Asset Fund FD 873 168,650
Total Housing Authority Appropriations *14,119,001
Section 3
Budget
Capital Improvements & Continuing Appropriations FY 2024-25
Capital Improvement Budget FD 873 3,675,000
Continuing Appropriations -
Total Housing Authority Capital & Continuing Appropriations *3,675,000
PALM DESERT HOUSING AUTHORITY
Fiscal Year 2024-25
* 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
Resolution No. HA-123 Page 3
DocuSign Envelope ID: CB592957-4690-4B57-883B-65C8F3546C48