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
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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