HomeMy WebLinkAboutRES HA-64RESOLUTION HA - 64
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, 2014 THROUGH JUNE 30, 2015
WHEREAS, the Housing Authority has received and considered the proposed Program
and Financial Plan submitted by the Executive Director on June 26, 2014; 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 2014/2015 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 2014/2015 Fiscal
Year as the need arises.
3. The amounts shown on Exhibit 3, "Continuin9 Appropriations, Existing Capital
Projects," are hereby accepted as continuing appropriations from the 2013-14 Fiscal Year.
The amounts included in this exhibit include all unexpended amounts from purchase
orders and contracts encumbered by June 30, 2014.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert and
Housing Authority held on this 26th day of June, 2014, by the following vote, to wit:
AYES: BENSON, HARNIK, WEBER, and TANNER
NOES: SPIEGEL
ABSENT: NONE
ABSTAIN: NONE
ATTEST:
VAN G. TANNER, CHAIRMAN
RACHELLE D. KLASSEN, SECRETARY
PALM DESERT HOUSING AUTHORITY
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RESOLUTION NO. HA-64
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PALM DESERT ESTIMATED REVENUES. Exhibit 1
RF.SOLTTTTON NO. HA-64
CATEGORY 1 FUND
Housing Authority Fund 18711;
1. Rent fm Apartments/Interest
2. Reimbursement/Transfers
Total Houslna Authority Fun4
Actual Budget Projected Budget
FY 12-13 FY 13-14 FY 13-14 FY 14-15
5,208,200 5,195,199 5,395,077 5,623,874
4,728,855 - 1,591„825
9,937,055 5,195,199 6,986,902 5,623,874
Page 1-20
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RESOLUTION NO. BA-64 Exhibit 2
PALM DESERT HOUSING AUTHORITY APPROPRIATIONS
FOR FISCAL YEAR 2014-2015
Housing Authority
Housing Asset Fund
FY 2014-2015
8,154,561
1,720,300
TOTAL ALL FUNDS (Includes Transfers Out to Other Funds) I 124,608,413 I
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RESOLUTION NO. HA-64
HOUSING AUTHORITY Exhibit 3
CAPITAL IMPROVEMENT PROGRAM
EXISTING PROJECTS IN FISCAL YEAR 2013-14 CONTINUED TO FY 2014-2015
PROJECT TITLE
RDA Palm Desert Houslna Auth Fund 871 "'
ESTIMATED ACCOUNT FUNDING FY 2013-14
PROJECT NUMBERS SOURCES to FY14-15
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 6,925
One Quail Place Replacement Continuing 871-8660-466.33-11 Housing Authority FD 871 846,935
One Quail Place Capital Continuing 871-8660-466.40-01 Housing Authority FD 871 441,234
California Villas Replacement Continuing 871-8680-466.33-11 Housing Authority FD 871 80,165
LaRocca Villas Replacement Continuing 871-8694-466.33-11 Housing Authority FD 871 4,641
Carlos Ortega Villas Capital 20,000,000 871-8691-466.40-01 Housing Authority FD 871 19,510,229
Desert Pointe Replacement Continuing 871-8630-466.33-11 Housing Authority FD 871 372,988
Desert Pointe Capital Continuing 871-8630-466.40-01 Housing Authority FD 871 500,000
Catalina Replacement Continuing 871-8620-466.33-11 Housing Authority FD 871 107,588
Las Serenas Replacement Continuing 871-8640-466.33-11 Housing Authority FD 871 606,474
Pueblos Replacement Continuing 871-8670-466.33-11 Housing Authority FD 871 24,831
Palm Village Replacement Continuing 871-8692-466.33-11 Housing Authority FD 871 28,012
Candlewood Replacement Continuing 871-8693-466.33-11 Housing Authority FD 871 34,233
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 2013-14 TO 2014-15
Continuing appropriations are amounts which have been appropriated in FY 2013-14 and are not expected to be expended by
June 30, 2014. 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, 2014 for appropriations approved by the Agency through the last meeting in
June, 2014.
AMOUNTS ARE SUBJECT TO CHANGE DUE TO PROJECTS APPROVED BY COUNCIL PRIOR TO JUNE 30, 2014
Note: Above amounts are as of April, 2014
$23,654,317 II
"' DUE TO THE CURRENT AND POSSIBLE FUTURE IMPACTS OF A81X 26, PROJECTS LISTED AS CARRYOVERS WILL ONLY BE FUNDED
TO THE EXTENT THAT MONIES ARE AVAILABLE FOR THE PURPOSE OR PROJECT NOTED.
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