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HomeMy WebLinkAboutRES HA-42RESOLUTION NO. HA - 42 A RESOLUTION OF THE PALM DESERT HOUSING AUTHORITY, PALM DESERT, CALIFORNIA, AMENDING THE FISCAL YEAR 2009- 10 BUDGET AS A RESULT OF MID -YEAR ADJUSTMENTS ADDENDUM WHEREAS, as a result of Mid -Year review of the budget, it is desirable to revise the 2009-10 Budget; NOW, THEREFORE, BE IT RESOLVED by the Housing Authority, Palm Desert, California, that the 2009-10 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 2009-10 Budget Addendum, 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 2009-10. 2. The amounts shown in the column entitled "Revised Estimated Revenues" in the tab entitled "Palm Desert Housing Authority, Mid -Year 2009-10 Budget Review, Revised Estimated Revenues", attached hereto as Exhibit "B", are hereby accepted as the Estimated Revenues for the 2009-10 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 8th day of April 2010, by the following vote to wit: AYES: NOES: ABSENT: ABSTAIN: NONE ATTEST: BENSON, FERGUSON, KELLY, SPIEGEL and FINERTY NONE NONE /4 J , 2 . Cindy Finert i, Chairman G \rda\Veronica Tapa\Word Files\Staff Reports\2009-10 HA Midyear Budget Resolution doc Resolution No. HA-42 Exhibit 'A' PALM DESERT HOUSING AUTHORITY MID -YEAR 2009-2010 BUDGET REVIEW REVISED APPROPRIATIONS OPERATING BUDGET Account Number Object 2009-10 Original Appropriation Midyear Adjustment 2009-10 Revised Appropriation Q. Change 3 Midyear Explanation 871-4195-466.33-70 R/M-OTHER EQUIPMENT Laguna Palms Apartments 871-8610-466.30-92 PROF -OTHER 871-8610-466.33-10 R/M - BUILDING 871-8610466.40-01 LAGUNA PALMS REHABILITATION Catalina Garden Apartments 871-8620-466.30-92 PROF -OTHER 871-8620-466.33-10 R/M - BUILDING 871-8620-466.33-11 REPLACEMENT EXPENDITURES Desert Pointe Apartments 871-8630-466.30-92 PROF -OTHER 871-8630-466.33-10 R/M - BUILDING Las Serenas Apartments 871-8640-466.30-92 PROF -OTHER 871-8640-466.33-10 R/M - BUILDING 871-8640-466.33-11 REPLACEMENT EXPENDITURES Neighbors Apartments 871-8650-466.30-92 PROF -OTHER 871-8650-466.33-10 R/M - BUILDING 871-8650-466.40-50 CAPITAL IMPROVEMENTS One Quail Place Apartments 871-8660-466.30-92 871-8660-466.33-10 871-8660466.35-14 Pueblos Apartments 871-8670-466.30-92 871-8670466.33-10 871-8670-466.33-11 California Villas 871-8680-466.30-92 871-8680-466.33-10 871-8680-466.40-01 PROF -OTHER RIM - BUILDING UTILITIES PROF -OTHER R/M - BUILDING REPLACEMENT EXPENDITURES PROF -OTHER R/M - BUILDING CALIFORNIA VILLAS REHABILITATIO Taos Palms Apartments 871-8690-466.30-92 PROF -OTHER 871-8690-466.33-10 RIM - BUILDING 871-8690-466.33-11 REPLACEMENT EXPENDITURES Palm Village Apartments 871-8692-466.30-92 PROF -OTHER 871-8692-466.33-10 R/M - BUILDING 871-8692-466.33-11 REPLACEMENT EXPENDITURES Candlewood Apartments 871-8693-466.30-92 PROF -OTHER 871-8693-466.33-10 R/M - BUILDING 871-8693-466.33-11 REPLACEMENT EXPENDITURES La Rocca Villas 871-8694-466.30-92 PROF -OTHER 871-8694-466.33-10 R/M - BUILDING 2,000 (1,075) 925-53.75% Reduced as project is now vacant 19,440 (2,214) 17,226-11.39% Contract Services -Reduce for Lndscp Cont Svgs 24,277 (529) 23,748 -2.18% Reduce for Tree Pruning Savings 888,931 (500,0.00) 388,931 -56.25% Reduce for project completion savings 54,444 (3,733) 50,711 -6.86% Contract Services -Reduce for Lndscp Cont Svgs 43,890 (1,322) 42,568 -3.01% Reduce for Tree Pruning Savings 47,500 (14,500) 33,000 -30.53% Reduction on pool decks, no of renovations and roofs 50,016 (3,334) 46,682 -6.67% Contract Services -Reduce for Lndscp Cont Svgs 57,657 (1,057) 56,600 -1.83% Reduce for Tree Pruning Savings 80,100 (6,854) 73,246 -8.56% Contract Services -Reduce for Lndscp Cont Svgs 90,875 (2,379) 88,496 -2.62% Reduce for Tree Pruning Savings 78,800 (25,000) 53,800 -31.73% Reduction $2500 pole light, $5000 metal fence, $5000 renovation, $2500 pool deck & $10,000 cap sheet roof 15,012 (1,619) 13,393 -10.78% Contract Services -Reduce for Lndscp Cont Svgs 36,187 (396) 35,791 -1.09% Reduce for Tree Pruning Savings 50,000 (50,000) 0-100.00% Reduce for Driveway -will reprogram 2010/11 235,500 (34,673) 200,827 -14.72% Contract Services -Reduce for Lndscp/Patrol Svc 335,867 (5,286) 330,581 -1.57% Reduce for Tree Pruning Savings 402,900 (30,704) 372,196 -7.62% Reduce for Waste Mgmt Recycling Savings 15,960 17,963 45,700 (1,984) (264) (10,000) 84,240 (14,080) 50,032 (2,115) 1,582,546 (1,000,000) 13,976 -12.43% Contract Services -Reduce for Lndscp Cont Svgs 17,699 -1.47% Reduce for Tree Pruning Savings 35,700 -21.88% Reduce for cap sheet roof $5k, renov c $5k 70,160 -16.71% Contract Services -Reduce for Lndscp/Patrol Svc 47,917 -4.23% Reduce for Tree Pruning Savings 582,546 -63.19% Reduce for project completion savings 13,740 (1,482) 12,258 -10 79% Contract Services -Reduce for Lndscp Cont Svgs 21,200 (5,198) 16,002 -24.52% Reduce for Tree Pruning Savings/$5k R/M 15,960 (12,000) 3,960 -75.19% Reduce $2k for appliances/$10k for HVAC 13,500 (1,533) 11,967 -11.36% Contract S'rvices•Reduce for Lndscp Cont Svgs 11,650 (264) 11,386 -2.27% Reduce for Tree Pruning Savings 11,700 (5,700) 6,000 -48.72% Reduce AC's $3k, $1.2k water htrs, $1.5k appinc 20,940 (1,592) 19,348 -7.60% Contract Servicru-Reduce for Lndscp Cont Svgs 32,817 (529) 32,288 -1.61% Reduce for Tree Pruning Savings 45,700 (14,750) 30,950 -32.28% Reduce $10k renov, $2.5k roofs, $2.25k appinc 20,760 (2,367) 18,393-11.40% Contract Services -Reduce for Lndscp Cont Svgs 12,803 (266) 12,537 -2.08% Reduce for Tree Pruning Savings 2009-10 Midyear Budget Worksheets & Exhibits xtsx 4/612010 2:37 PM Resolution No. HA-42 Exhibit 'A' PALM DESERT HOUSING AUTHORITY MID -YEAR 2009-2010 BUDGET REVIEW REVISED APPROPRIATIONS OPERATING BUDGET 2009.10 Account Number Object Original Appropriation Midyear Adjustment 2009.10 Revised Appropriation % Change Midyear Explanation Sagecrest Apartments 871-8695-466.30-92 PROF -OTHER 871-8695-466.33-10 R/M - BUILDING Total Changes to HA Expenditures 30,480 (3,150) 27,330 20,720 (3,796) 16,924 4,581,807 (1,765,745) 2,816,062 -10.33% Contract Services -Reduce for Lndscp Cont Svgs -18.32% Reduce for Tree Pruning Savingsl$3.4k R/M 2009-10 Midyear Budget Worksheets & Exhibits xlsx 12/2B/2009 120PM Resolution No. HA-42 Exhibit ' B' PALM DESERT REDEVELOPMENT AGENCY MID -YEAR 2009-2010 BUDGET REVIEW REVISED APPROPRIATIONS OPERATING BUDGET Account Number Object Original Estimated Revenues Midyear Adjustment Revised Estimated Revenues Change @ Midyear Explanation 871-8610-363-2000 871-8650-363-2000 871-8660-363-2000 871-8680-363-2000 871-8690-363-2000 871-8695-363-2000 RENT-LAGUNA PALMS RENT -NEIGHBORS GARDEN RENT -ONE QUAIL PLACE RENT-CALIFORNIA VILLAS RENT-TAOS PALMS RENT-SAGECREST Total Changes to HA Revenue 236,441 118,316 2,334,450 726,164 53,102 87,532 3,556,005 (17,435) (15,950) (143,286) (10,920) (19,973) (5,700) (213,264) 219,006 102,366 2,191,164 715,244 33,129 81,832 3,342,741 -7.37% VUL-12 units below stip in 55-120% levels -13.48% VL-11 units below stip in 55-120% levels -6.14% VUL-44 units below stip in 55-120% levels -1.50% VL-55 units below stip in 55-120% levels -37.61 % Vacancies -Due to Renovation -6.51 % Vacancies -Due to Relocation @ Original 2009-10 Midyear Budget Worksheets & Exhibits.xlsx 12/28/2009 1:20 PM