HomeMy WebLinkAboutRES HA-44RESOLUTION HA - 44
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, 2011 THROUGH JUNE 30, 2012
WHEREAS, the Housing Authority has received and considered the proposed Program
and Financial Plan submitted by the Executive Director on June 23, 2011; 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 2011/2012 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 2011/2012 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 2010-11 Fiscal Year.
The amounts included in this exhibit include all unexpended amounts from purchase
orders and contracts encumbered by June 30, 2011.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm
Desert and Housing Authority held on this 23th day of June, 2011, by the following vote, to
wit:
AYES: FINERTY, HARNIK, KROONEN,,SPIEGEL, and BENSON
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
ATTEST:
RACHELLE D. KLASSEH, S CRETARY
PALM DESERT HOUSING AUTHORITY
JEAN M. BENSON, CH1(IRAN
xi
RESOLUTION NO. UA-44
PALM DESERT ESTIMATED REVENUES, Exhibit 1
CATEGORY / FUND
Housing Authority Fund:
1. Rent fm Apartments/Interest
2. Reimbursement/Transfers
Total Housing Authority Fund
Actual Budget Projected Budget
FY 09-10 FY 10-11 FY 10-11 FY11-12
4,874,904
111,162
4,986,066
4,823,612 4,810,545 4,823,612
2,341,600
4,823,612 4,810,545 7,165,212
Pang 1-1 R
Exhibit 2 . HA- 44
PALM DESERT HOUSING AUTHORITY 'APPROPRIATIONS"!
FOR. FISCAL YEAR 201 t-2012.
Housing Authority
_................FY2011-2012.._. _...--
4,807,962
HOUSING AUTHORITY
CAPITAL IMPROVEMENT PROGRAM
EXISTING PROJECTS IN FISCAL YEAR 2010-11 CONTINUED TO FY 2011-2012
PROJECT TITLE
RDA SR Housino Fund 870
Self Help Housing
Acquisition, Rehabilitation & Resale
Home Improvement Program
Property Acquisition
Rental Assistance
Home Buyer Subsidies
Home Buyer Assistance
RDA Palm Desert Housing Auth Fund 871
Laguna Palms Capital
One Quail Place Replacement
One Quail Place Capital Improvements
California Villas Rehabilitation
Carlos Ortega Villas
Sagecrest Replacement
Sagecrest Capital
Sagecrest Capital Improvement
TOTAL EXISTING PROJECTS
ESTIMATED
PROJECT
TOTAL FOR
LIFE OF
PROJECT
ACCOUNT
NUMBERS
FUNDING
SOURCES
350,000 870-4474-464.40-01 Housing Fund 870
Continuing 870-4492-464.40-01 Housing Fund 870
Continuing 870-4493-464.40-01 Housing Fund 870
Continuing 870-4495-464.40-01 Housing Fund 870
Continuing 870-4688-464.40-01 Housing Fund 870
5,000,000 870-4494-464.39-01 Housing Fund 870
Continuing 870-4699-464.40-01 Housing Fund 870
864,765 871-8610-466.40-01
Continuing 871-8660-466.33-11
78,677 871-8660-466.40-50
1,431,444 871-8680-466.40-01
20,000,000 871-8691-466.40-01
5,500 871-8695-466.33-11
700,000 871-8695-466.40-01
114,447 871-8695-466.40-50
Housing Authority FD 871
Housing Authority FD 871
Housing Authority FD 871
Housing Authority FD 871
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 2010-11 TO 2011-12
Continuing appropriations are amounts which have been appropriated in FY 2010-11 and are not expected to be expended by
June 30, 2011. 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, 2011 for appropriations approved by the Housing Authority through the last meeting in
June, 2011.
AMOUNTS ARE SUBJECT TO CHANGE DUE TO PROJECTS APPROVED BY COUNCIL PRIOR TO JUNE 30, 2011
Note:Above amounts are as of March, 2011
Exhibit 3
HA - 44
.-w
FY 2010-11
to FY11-12
• SEE NOTE
350,000
806,721
488,878
3,837,189
350,419
5,000,000
762,692
364,764
11,252
78,677
441,234
19,146,811
3,676
603,039...
114,447
s—
I $32,359,799 I