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Home My WebLink AboutRES HA-35RESOLUTION NO. HA-35 A RESOLUTION OF THE PALM DESERT HOUSING AUTHORITY, PALM DESERT, CALIFORNIA, AMENDING THE FISCAL YEAR 2007- 08 BUDGET AS A RESULT OF MID -YEAR ADJUSTMENTS WHEREAS, as a result of Mid -Year review of the budget, it is desirable to revise the 2007-08 Budget; NOW, THEREFORE, BE IT RESOLVED by the Housing Authority, Palm Desert, California, that the 2007-08 Budget is hereby revised as follows: 1. The amount shown in the column entitled "Revised Appropriations" in the table entitled "Palm Desert Housing Authority, Mid -Year 2007-08 Budget Review, Revised Appropriations Operating Budget', attached hereto as Exhibit "A", are hereby appropriated to the departments, activities, and projects identified therein as the Operating Budget for 2007-08. 2. The amounts shown in the column entitled "Revised Estimated Revenues" in the tab entitled "Palm Desert Housing Authority, Mid -Year 2007-08 Budget Review, Revised Estimated Revenues", attached hereto as Exhibit "B", are hereby accepted as the Estimated Revenues for the 2007-08 Fiscal Year for each fund and revenue source. PASSED, APPROVED AND ADOPTED, at the regular meeting of the Palm Desert Housing Authority held on this 14th day of February 2008, by the following vote to wit: AYES: FERGUSON, FINERTY, KELLY, SPIEGEL, and BENSON NOES: NONE ABSENT: NONE ABSTAIN: NONE JEPyf4 M. BENSON, GI4AIRMAN ATTEST: RACHELLE . KLASSEN', SECRETARY PALM DESERT HOUSING AUTHORITY PALM DESERT HOUSING AUTHORITY MID -YEAR 2007-2008 BUDGET REVIEW REVISED APPROPRIATIONS OPERATING BUDGET FUND/ ACCOUNT DEPARTMENT DESCRIPTION Fund 871 - Housing Authority - Laguna Palms 871 8610 466 4050 Capital Expense Fund 871 - Housing Authority - Catalina Gardens 871 8820 466 3089 Payroll 871 8620 466 4050 CapitaUEmergency Repairs Fund 971 - Housing Authority - Desert Pointe 871 8630 466 3310 Repairs & Maintenance Fund 871 - Housing Authority - Las Serenas 871 8640 488 3092 Contract Services 871 8640 466 3093 Management Fee 871 8640 468 3098 Payroll Fund 871 - Housing Authority - Neighbors Garden 871 8650 466 4050 Capital/Emergency Repairs Fund 871 - Housing Authority - One Quail Place 871 8660 466 3092 Contract Services 871 8660 466 3093 Management Fee 871 8660 466 3095 Payroll Fund 871 - Housing Authority - The Pueblos Apts 871 8670 486 3310 Repairs & Maintenance Fund 871 - Housing Authority - California Villas 871 8680 466 3310 Repairs & Maintenance 871 8680 466 4001 Capita) Budget 871 8680 486 4050 Capital/Emergency Repairs Fund 871 - Housing Authority - Taos Palms 871 8890 468 4050 Capital/Emergency Repairs Fund 871 - Housing Authority - Country Village 671 8691 466 3089 Payroll 871 8691 466 3092 Contract Services 871 8691 466 3093 Management Fee 871 8691 466 3223 Advertising/Promotion 871 8691 486 3310 Repairs & Maintenance 871 8691 466 3514 Utility Services 871 8691 466 3695 Miscellaneous Expense 871 8691 466 4050 Capital/Emergency Repairs Totals ORIGINAL INCREASE/ REVISED APPROP (DECREASE) APPROP 38,500 38,500 38,500 38,500 107,913 107,913 14,000 5, 000 19,000 121,913 5,000 1213,913 Resolution No. HA-35 Exhibit "A" EXPLANATION ranges, refrigerators, range hoods, furniture & window coverings relocation of staff interior french doors ® community room 49,120 8,000 57,120 carpet, flooring & counter top resurfacing 49,120 8,000 57,120 179,860 91,980 81.200 333,040 760,202 254,420 156,672 1„171„294 (87,880) (30,780) 118,660 91,980 correct original budget posting 61,200 correct original budget posting 179,860 correct original budget posting 333,040 10,000 10,900 unit renovation 10,000 10.000 (505,782) 264,420 conect original budget posting (97,748) 156,672 correct original budget posting 603,530 760,202 correct original budget posting • 1,171,294 12,395 8,000 18,395 carport concrete repair 12,395 8,000 18,395 53,370 6,083,312 50,900 6J.186i682 47,380 70,080 30,000 840 15,140 54,360 6,070 223,870 8,084,314 30,000 8,114,314 10,000 63,370 carpet & flooring renovation (25,000) 8,058,312 Offset Increase to 4050 25,000 75,000 electrical and communication upgrades 10 )00_ 6,1�6,682 50,000 50,900 unit renovation, replace windows & fumigation 60,000 50,000 (22,380) (37,500) (17,000) (500) (13,000) (31,500) (4,000) 14,380 L1 11 500) 26,000 32,580 13,000 340 2,140 22,860 2,070 14`380 112,370 rehabilitation of units rehabilitation of units rehabilitation of units rehabilitation of units rehabilitation of units rehabilitation of units rehabilitation of units rehabilitation of units 1/17/2008 10'52 AM Resolution No, HA-35 Exhibit "B' PALM DESERT HOUSING AUTHORITY MID -YEAR 2007-2008 BUDGET REVIEW REVISED APPROPRIATIONS OPERATING BUDGET FUND/ ACCOUNT ORIGINAL INCREASE/ REVISED DEPARTMENT DESCRIPTION APPROP (DECREASE) APPROP EXPLANATION Fund 871 - Housing Authority Rent 871 8610 363 2000 Rent -Laguna Palms 190,897 (95,449) 95,448 Reduce revenues due to renovations 871 8680 363 2000 Rent -California Villas 634,320 (147,178) 487,142 Reduce revenues due to renovations 871 8691 363 2000 Rent -Country Village 82,744 (19,683) 63,061 Reduce revenues due to renovations 871 8692 363 2000 Rent -Palm Village 121,680 (60,840) 60,840 Reduce revenues due to renovations 871 8694 363 2000 Rent -La Rocca Villas 91,355 145,678) 45,677 Reduce revenues due to renovations 1,120,996 (368,828)Y 752,168 Totals 1,120,996 (368,828) 752,168