HomeMy WebLinkAboutRES HA-34RESOLUTION HA-34
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,
2007 THROUGH JUNE 30, 2008
WHEREAS, the Housing Authority has received and considered the proposed Program
and Financial Plan submitted by the Executive Director on June 1, 2007; 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 2007-2008 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 2007-2008 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 2006-07 Fiscal
Year. The amounts included in this exhibit include all unexpended amounts from
purchase orders and contracts encumbered by June 30, 2007.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm
Desert and Housing Authority held on this 28th day of June, 2007, by the following
vote, to wit:
AYES: BENSON, FINERTY, SPIEGEL and KELLY
NOES: NONE
ABSENT: FERGUSON
ABSTAIN: NONE
ATTEST:
RACHELLE D. KLASSEN, CITY CLERK
CITY OF PALM DESERT, CALIFORNIA
xi
0 ay/
S. KELLY, MAYO$
PALM DESERT ESTIMATED REVENUES, Exhibit 1
CATEGORY/FUND
Housing Authority Fund:
1. Rent fm Apartments/Interest
2. Reimbursement
Total Housing Authority Fund
RESOLUTION NO. HA-34
Actual Actual Adopted Projected Budget
FY 04-05 FY 05-06 FY 06-07 FY 06-07 FY 07-08
4,672,390
11,543
4,683,933
4,960,802 5,054,725 5,054,725 5,274,302
10,000
4,970,802 5,054,725 5,054,725 5,274,302
Page 1-36
Exhibit 2
PALM DESERT HOUSING AUTHORITY APPROPRIATIONS RESOLUTIO NO. HA-34
FOR FISCAL YEAR 2007-2008
Housing Authority
FY 2007-2008
6,104,734
TOTAL ALL FUNDS (Includes Transfers Out to Other Funds! 291,066,062 I
HOUSING AUTHORITY
CAPITAL IMPROVEMENT PROGRAM
EXISTING PROJECTS IN FISCAL YEAR 2006-07 CONTINUED TO FY 2007-2008
PROJECT TITLE
RDA SR Housina Fund 870
Palm Village Apts Construction
Workforce Housing Grant
Acgn/Rehab/Resale
Home Improvement Program
New Home Buyer Subsidy (Falcon Crest)
Apartment Complex Rehab (Country Village)
Falcon Crest/La Rocca Villas Construction
RDA Palm Desert Housing Auth Fund 871
Laguna Palms Rehabilitation
One Quail Place (SIgnage)
California Villas Rehabilitation
Candlewood Apts (Health & Safety Repairs)
TOTAL EXISTING PROJECTS
ESTIMATED
PROJECT
TOTAL FOR
LIFE OF
PROJECT
ACCOUNT
NUMBERS
Continuing 870-4349-433.40-01
93,209 870-4490-464.39-02
Continuing 870-4492-464.40-01
Continuing 870-4493-464.40-01
Continuing 870-4494-464.40-01
4,000,000 870-4498-464.40-01
Continuing 870-4698-464.40-01
Continuing
Continuing
Continuing
Continuing
871-8610-466.40-01
871-8660-466.40-01
871-8680-466.40-01
871-8693-466.40-50
FUNDING
SOURCES
Housing Fund 870
Housing Fund 870
Housing Fund 870
Housing Fund 870
Housing Fund 870
Housing Fund 870
Housing Fund 870
Housing Authority FD 871
Housing Authority FD 871
Housing Authority FD 871
Housing Authority FD 871
NOTE: APPROPRIATIONS AND/OR ENCUMBRANCES FOR REBUDGET/CARRYOVER
FROM FISCAL YEAR 2006-07 TO 2007-08
Continuing appropriations are amounts which have been appropriated in FY 2006-07 and are not expected to be expended by
June 30, 2007. 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 determOed 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, 2007 for appropriations approved by the Housing Authority through the last meeting in
June, 2007.
AMOUNT ARE SUBJECT TO CHANGE DUE TO PROJECTS THAT THE COUNCIL APPROVES PRIOR TO JUNE 30, 2007
Note:Above amounts are as of June 15, 2007
Exhibit 3
RESOLUTION NO. HA-34
FY 2006-07
to FY07-08
SEE NOTE
34,654
142,767
640,754
202,181
4,000,000
6,956,215
1,189,647
12,018
5,116,318
136,546
$18,431,098'