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Home My WebLink AboutRES HA-58RESOLUTION HA - 58 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, 2013 THROUGH JUNE 30, 2014 WHEREAS, the Housing Authority has received and considered the proposed Program and Financial Plan submitted by the Executive Director on June 27, 2013; 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 2013/2014 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 2013/2014 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 2012-13 Fiscal Year. The amounts included in this exhibit include all unexpended amounts from purchase orders and contracts encumbered by June 30, 2013. PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert and Housing Authority held on this 27'h day of June, 2013, by the following vote, to wit: AYES: BENSON, SPIEGEL, TANNER, WEBER, and HARNIR NOES: NONE ABSENT; NONE ABSTAIN: NONE ATTEST: LE D. KLASSEN' SECRETARY PALM DESERT HOUSING AUTHORITY PALM DESERT ESTIMATED REVENUES, Exhibit 1 RESOLUTION NO. HA-58 CATEGORY / FUND Housina Authority Fund (871): 1. Rent fm Apartments/Interest 2. Reimbursement/Transfers Tatal Housina Authority Fund Actual Actual Budget Projected Budget FY 10-11 FY 11-12 FY 12-13 FY12-13 FY 13-14 4,874,904 7,430,220 4,857,852 5,100,668 5,195,199 111,162 - - 4,986,066 7,430,220 4,857,852 5,100,668 5,195,199 NEsour4oN No. Exhibit 2 PALM DESERT HOUSING AUTHORITY APPROPRIATION • 'POR`FISCAC. YEAR 2013-2014' Housing Authority FY 2013-2014 7,432,413 TOTAL ALL FUNDS (Includes Transfers Out to Other Funds) J 101,894,844 RESOLUTION NO. BA-58 HOUSING AUTHORITY Exhibit 3 CAPITAL IMPROVEMENT PROGRAM EXISTING PROJECTS IN FISCAL YEAR 2012-13 CONTINUED TO FY 2013-2014 PROJECT TITLE RDA Palm Desert Houslno Auth Fund 871 •" ESTIMATED ACCOUNT FUNDING FY 2012-13 /mw PROJECT NUMBERS SOURCES to FY13-14 TOTAL FOR • SEE NOTE LIFE OF PROJECT Laguna Palms Capital 388,930 871-8610-466.40-01 Housing Authority FD 871 364,764 Laguna Palms Replacement Continuing 871-8610-466.33-11 Housing Authority FD 871 2,732 One Quail Place Replacement Continuing 871-8660-466.33-11 Housing Authority FD 871 433,430 California Villas Capital 443,679 871-8680-466.40-01 Housing Authority FD 871 441,234 California Villas Replacement Continuing 871-8680-466.33-11 Housing Authority FD 871 46,414 Carlos Ortega Villas Capital 20,000,000 871-8691-466.40-01 Housing Authority FD 871 19,652,600 Desert Pointe Replacement Continuing 871-8630-466.33-11 Housing Authority FD 871 326,086 Catalina Replacement Continuing 871-8620-466.33-11 Housing Authority FD 871 74,852 Las Serenas Replacement Continuing 871-8640-466.33-11 Housing Authority FD 871 404,554 Pueblos Replacement Continuing 871-8670-466.33-11 Housing Authority FD 871 29,831 Palm Village Replacement Continuing 871-8692-466.33-11 Housing Authority FD 871 4,617 Candlewood Replacement Continuing 871-8693-466.33-11 Housing Authority FD 871 10,654 Sagecrest Capital 610,851 871-8695-466.40-01 Housing Authority FD 871 610,851 Sagecrest Improvements 114,447 871-8695-466.40-50 Housing Authority FD 871 114,447 TOTAL EXISTING PROJECTS • NOTE: APPROPRIATIONS AND/OR ENCUMBRANCES FOR REBUDGET/CARRYOVER FROM FISCAL YEAR 2012-13 TO 2013-14 Continuing appropriations are amounts which have been appropriated in FY 2012-13 and are not expected to be expended by June 30, 2013. 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 canyover 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, 2013 for appropriations approved by the Agency through the last meeting in June, 2013. AMOUNTS ARE SUBJECT TO CHANGE DUE TO PROJECTS APPROVED BY COUNCIL PRIOR TO JUNE 30, 2013 Note: Above amounts are as of January, 2013 •'• DUE TO THE CURRENT AND POSSIBLE FUTURE IMPACTS OF AB1X 28, PROJECTS USTED AS CARRYOVERS WILL ONLY BE FUNDED TO THE EXTENT THAT MONIES ARE AVAILABLE FOR THE PURPOSE OR PROJECT NOTED. $22,517,066 �•..