HomeMy WebLinkAboutRES HA-131RESOLUTION HA-131
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, 2025,
THROUGH JUNE 30, 2026
WHEREAS, the Housing Authority has received and considered the proposed
Financial Plan submitted by the Executive Director on June 26, 2025; 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, "Estimated Revenues", are hereby
accepted as the Estimated Revenues for FY 2025-2 6 for each fund and revenue source.
SECTION 2. The amounts shown on Exhibit A, "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, "Continuing Appropriations,
Existing Capital Projects," are hereby accepted as continuing appropriations to FY
2025-26. The amounts included in this exhibit include all unexpended amounts from
purchase orders and contracts encumbered by June 30, 2025.
ADOPTED ON JUNE 26, 2025.
JAN C. HARNIK
MAYOR
ATTEST:
ANTHONY J. MEJIA
CITY CLERK
Docusign Envelope ID: 030C2353-7D68-4ACA-969E-650E1C6B6400
Resolution HA-131 Page 2
I, Anthony J. Mejia, City Clerk of the City of Palm Desert, hereby certify that
Resolution HA-131 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 26, 2025, by the following
vote:
AYES: NESTANDE, PRADETTO, QUINTANILLA, TRUBEE, AND HARNIK
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: 030C2353-7D68-4ACA-969E-650E1C6B6400
6/27/2025
Section 1
Estimated Revenues Budget
Housing Authority Fund (871):
1.Rent Apartments 10,376,926$
2.Reimbursement / Transfers / Interest 980,000$
Total Housing Authority Fund 11,356,926$
Housing Asset Fund (873):
1.Reimbursement / Transfers / Interest 1,952,000$
Total Housing Asset Fund 1,952,000$
Total Revenue - Housing Authority Funds 13,308,926$
Section 2
Appropriations Budget
1.Housing Authority Operations FD 871 597,399$
2.Housing Authority Apartments FD 871 8,696,580$
3.Replacement Reserve Expense FD 871 -$
4.Transfer Out to Housing Administration Fund 870 FD 871 406,774$
5.Housing Asset Fund FD 873 77,900$
Total Housing Authority Appropriations*9,778,653$
Section 3
Capital Improvements & Continuing Appropriations Budget
1.Capital Improvement Budget FD 873 650,000$
2.Continuing Appropriations -$
Total Housing Authority Capital & Continuing Appropriations*650,000$
*These amounts will only be expended to the extent there are monies available from the prior year
Fiscal Year 2025-26
Exhibit A
Docusign Envelope ID: 030C2353-7D68-4ACA-969E-650E1C6B6400