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Home My WebLink AboutRES HA-45RESOLUTION HA - 45 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, 2012 THROUGH JUNE 30, 2013 WHEREAS, the Housing Authority has received and considered the proposed Program and Financial Plan submitted by the Executive Director on June 28, 2012; 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 2012/2013 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 2012/2013 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 2011-12 Fiscal Year. The amounts included in this exhibit include all unexpended amounts from purchase orders and contracts encumbered by June 30, 2012. PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert and Housing Authority held on this 28`h day of June, 2012, by the following vote, to wit: AYES: BENSON, FINERTY, HARNIK, KROONEN, and SPIEGEL NOES: NONE ABSENT: NONE ABSTAIN: NONE ATTEST: RA ELL D. KLASSEN, Secretary • Palm Desert Housing Authority ROBERT A. SPIEtE, , Miran xi RESOLUTION NO. HA — 45 PALM DESERT ESTIMATED REVENUES, Exhibit 1 CATEGORY / FUND Housing Authority Fund (871): 1. Rent fm Apartments/Interest 2. Reimbursement/Transfers Total Housing Authority Fund Actual Budget Projected Budget FY 10-11 FY 11-12 FY 11-12 FY 12-13 4,874,904 4,823,612 4,792,228 4,857,852 111,162 4,986,066 4,823,612 4,792,228 4,857,852 Page 1-7 Exhibit 2 HA,. 45 PALM DESERT HOUSING AUTHORITY APIROPRIATIONS, FOR FISCAL YEAR 2012-2013 FY 2012-2013 Housing Authority 5,624,269 TOTAL ALL FUNDS (Includes Transfers Out to Other Funds) I 103,090,227 I HOUSING AUTHORITY CAPITAL IMPROVEMENT PROGRAM Exhibit 3 HA - 45 EXISTING PROJECTS IN FISCAL YEAR 2011-12 CONTINUED TO FY 2012-2013 PROJECT TITLE RDA Palm Desert Housina Auth Fund 871 '*" Laguna Palms Capital One Quail Place Improvements California Villas Capital Carlos Ortega Villas Capital Sagecrest Capital Sagecrest Improvements TOTAL EXISTING PROJECTS ESTIMATED PROJECT TOTAL FOR LIFE OF PROJECT ACCOUNT NUMBERS 388,930 871-8610-466.40-01 78,677 871-8660-466.40-50 443,679 871-8680-466.40-01 20,000,000 871-8691-466.40-01 610,851 871-8695-466.40-01 114,447 871-8695-466.40-50 NOTE: APPROPRIATIONS AND/OR ENCUMBRANCES FOR REBUDGET/CARRYOVER FROM FISCAL YEAR 2011-12 TO 2012-13 FUNDING SOURCES Housing Authority FD 871 Housing Authority FD 871 Housing Authority FD 871 Housing Authority FD 871 Housing Authority FD 871 Housing Authority FD 871 Continuing appropriations are amounts which have been appropriated in FY 2011-12 and are not expected to be expended by June 30, 2012. 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, 2012 for appropriations approved by the Housing Authority through the last meeting in June, 2012. AMOUNTS ARE SUBJECT TO CHANGE DUE TO PROJECTS APPROVED BY COUNCIL PRIOR TO JUNE 30, 2012 Note: Above amounts are as of April, 2012 FY 2011-12 to FY12-13 • SEE NOTE lbw 364,420 65,889 435,370 19, 596, 613 610,851 114,447 $21,187,590 I •'• DUE TO THE CURRENT AND POSSIBLE FUTURE IMPACTS OF AB1X 26, PROJECTS LISTED AS CARRYOVERS WILL ONLY BE FUNDED TO THE EXTENT THAT MONIES ARE AVAILABLE FOR THE PURPOSE OR PROJECT NOTED.