HomeMy WebLinkAboutRES HA-27RESOLUTION HA - 27
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,
2005, THROUGH JUNE 30, 2006
WHEREAS, the Housing Authority has received and considered the proposed
Program and Financial Plan submitted by the Executive Director on June, 2005; 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, California, that:
1. The amounts shown on Exhibit 1, "Estimated Revenues," are hereby
accepted as the Estimated Revenues for the 2005B2006 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 2005-2006 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
2004-05 Fiscal Year. The amounts included in this exhibit include all
unexpended amounts from purchase orders and contracts encumbered by June
30, 2005.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm
Desert and Housing Authority held on this 23rd day of June, 2005, by the following vote,
to wit:
AYES: BENSON, FERGUSON, KELLY, SPIEGEL, and CRITES
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
BUFOI CITE$, CIHAIRMAN
ATTEST:
RACHELLE D. KLASSEN, SECRETARY
1
RESOLUTION NO. HA-27
PALM DESERT ESTIMATED REVENUES, Exhibit 1
CATEGORY / FUND
Actual Adopted Projected Budget
FY 03-04 FY 04-05 FY 04-05 FY 05-06
Housing Fund:
1. Transfers In 12,357,247 14,775,403 14,775,403 12,385,530
2. Reimbursements 299,693 636,300
3. Interest 184,078 314,800 150,000
Total Housing Fund 12,841,018 14,775,403 15,726,503 12,535,530
Housing Authority Fund:
1. Rent fm Apartments/Interest 4,762,955 5,326,033 4,686,459 4,673,623
2. Reimbursement 4,527
Total Housing Authority Fund 4,767,482 5,326,033 4,686,459 4,673,623
Housing Authority
\bud96\bud-exhi.xlw
6,214,173
R
HOUSING AUTHORITY
CAPITAL IMPROVEMENT PROGRAM
EXISTING PROJECTS IN FISCAL YEAR 2004-05 CONTINUED TO FY 2005-2006
PROJECT TITLE
RDA Palm Desert Housina Auth Fund 871
None
TOTAL EXISTING PROJECTS
ESTIMATED ACCOUNT FUNDING FY 2004-05
PROJECT NUMBERS SOURCES to FY05-06
TOTAL FOR • SEE NOTE
LIFE OF
PROJECT
* NOTE: APPROPRIATIONS AND/OR ENCUMBRANCES FOR REBUDGET/CARRYOVER
FROM FISCAL YEAR 2004-05 TO 2005.06
Continuing appropriations are amounts which have been appropriated in FY 2004-05 and are not expected to be expended by
June 30, 2005. 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 at 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, 2005 for appropriations approved by the Housing Authority through the last meeting in
June, 2005.
AMOUNT ARE SUBJECT TO CHANGE DUE TO PROJECTS THAT THE COUNCIL APPROVES PRIOR TO JUNE 30, 2005
Note:Above amounts are as of May 31, 2005
So'
Exhibit 3
HA - 27