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HomeMy WebLinkAboutRES HA-20RESOLUTION HA - 20 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, 2003 THROUGH JUNE 30, 2004 WHEREAS, the Housing Authority has received and considered the proposed Program and Financial Plan submitted by the Executive Director on June 13, 2003; 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, Califomia, that: 1. The amounts shown on Exhibit 1, "Estimated Revenues," are hereby accepted as the Estimated Revenues for the 2003-2004 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-departmental budgeted line item variations; additional appropriations or inter -departmental budget transfers will be specifically approved by further Housing Authority action during the 2003-2004 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 2002-03 Fiscal Year. The amounts included in this exhibit include all unexpended amounts from purchase orders and contracts encumbered by June 30, 2003. PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert and Housing Authority held on this 261"day of June, 2003, by the following vote, to wit: AYES: FERGUSON, KELLY, SPIEGEL, BENSON NOES: NONE ABSENT: CRITES ABSTAIN: NONE ATTEST: RA HELLS D. KLASSEN, SECRETARY CITY OF PALM DESERT, CALIFORNIA . BENSON, CHAIRMAN xiv City of Palm Desert Estimated Revenues Fiscal Year 2003-2004 - : APTUAr.- AcTLfAt;, JADQPTED AcCPUNT,Nt)1013AR/AcCDOR-DgPRIPTIQkl TV, 04 42.-2;',„ ..A•Fy*,p1 RES. HA-20 Exhibit 1 VPRDJECTgll -REQUEST I FY,1043. fl 9344 , REDEVELOPMENT HOUSING AUTHORITY Interest & Rentals 871-8620-363.20-00 RENTAL OF APARTMT-Catalina 250,797 250,797 276,594 267,448 268,139 871-8630-363.20-00 RENTAL OF APARTMT-Desert Pt 280,336 280,336 297,352 304,629 297,520 871-8640-363.20-00 RENTAL OF APARTMT-Las Serer 672,466 672,466 727,200 717,322 707,059 871-8650-363.20-00 RENTAL OF APARTMT-Neighbor: 101,608 101,608 1.13,004 113,770 110,875 871-8660-363.20-00 RENTAL OF APARTMT-1 Quail 2,500,414 2,500,414 2,618,880 2,450,000 2,447,500 871-8670-363.20-00 RENTAL OF APARTMT-Pueblos 40,311 40,311 50,850 43,748 50.345 871-8690-363.20-00 RENTAL APARTMT-Taos Palms 67,400 67,400 75,998 79,016 74,221 871-8680-363.20-00 RENTAL APARTMT-Country Club 680,800 871-0000-361-10-00 INTEREST INCOME 196,018 196,018 90,000 75,000 90,000 INTERFUND - Transfer In 870-0000-391.00-00 IINTERFUND OP TR IN - - !REDEVELOPMENT HOUSING AUTHORITY 4,109,350 4,109,350 4,249,878 4,050,933 4,726,459 , Housing Authority \buuo\bud-exhi.xlw 4,297,797 HOUSING AUTHORITY CAPITAL IMPROVEMENT PROGRAM EXISTING PROJECTS IN FISCAL YEAR 2002-03 CONTINUED TO FY 2003-2004 PROJECT TITLE RDA Palm Desert Housing Aufh Fund 871 One Quail Place -Capital Improvement Las Serenas - Replacement Country Club Estates - Capital Improvement TOTAL EXISTING PROJECTS ESTIMATED ACCOUNT FUNDING FY 2002-03 PROJECT NUMBERS SOURCES to FY03-04 TOTAL FOR • SEE NOTE LIFE OF PROJECT Continuing 871-8660-466.40-50 Continuing 871-8640-466.33-11 Continuing 871-8680-466.40-01 PD Housing Fund 871 PD Housing Fund 871 PD Housing Fund 871 • NOTE: APPROPRIATIONS AND/OR ENCUMBRANCES FOR REBUDGET/CARRYOVER FROM FISCAL YEAR 2002-03 TO 2003-04 Continuing appropriations are amounts which have been appropnated in FY 2002-03 and are not expected to be expended by June 30, 2003 These funds are primarily for capital budgets and specific 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 carryover in each fund indicated will be determined al 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, 2003 for appropriations approved by the Housing Authority Board through the last meeting in June, 2003. BOLD ITEMS WERE APPROVED ON JUNE 12, 2003 320,000 100,000 1,498,000 $1, 918,000 I Exhibit 3 HA - 20