HomeMy WebLinkAboutRES HA-71RESOLUTION NO. HA-71
A RESOLUTION OF THE PALM DESERT HOUSING AUTHORITY,
PALM DESERT, CALIFORNIA, AMENDING THE FISCAL YEAR 2014-
15 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 2014-15 Budget;
NOW, THEREFORE, BE IT RESOLVED by the Housing Authority, Palm Desert,
California, that the 2014-15 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 2014-15 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 2014-15.
2. The amounts shown in the column entitled "Revised Estimated Revenues"
in the tab entitled "Palm Desert Housing Authority, Mid -Year 2014-15
Budget Review, Revised Estimated Revenues", attached hereto as Exhibit
"B", are hereby accepted as the Estimated Revenues for the 2014-15
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 12th day of February 2015, by the
following vote to wit:
AYES:
HARNIK, JONATHAN, SPIEGEL, TANNER, and WEBER
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
�- ,\__�
Susan Marie Weber, Chairman
ATTEST:
Rachelle D. Klassen, Secretary
Palm Desert Housing Authority
G \rda\Veronica Tapia\Word Files\Staff Reports\2014-15 HA Midyear Budget Resolution.doc
RESOLUTION NO. HA-71
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RESOLUTION NO. HA-71
HOUSING DEPARTMENT
MID -YEAR 2014-2015 BUDGET REVIEW
REVISED APPROPRIATIONS
OPERATING BUDGET
Account Number
Object
2014-15 Midyear
Original Adjustment
Budget
2014-15
Revised
Budget
Change
C Midyear
Explanation
871-4195-466.30-90
871-8691-466.30-89
871-8691-466.32-23
871-8691-466.36-95
873-4195-466.30-92
873-4492.464.40-01
PROF -OTHER
CLO VILLAS -PAYROLL
CLO VILLAS-ADV/PROMO
CLO VILLAS-MISC EXP
PROF -OTHER ADMIN
ACQN, REHAB & RESALE
Total Changes to Expenditures
15,000 (10,000) 5,000 -66.67% Decrease to offest inc to Fund 873
14,112 14,112 #DIV/O! Increase to accommodate Pre -Leasing
1,100 1,100 #DIV/0! Increase to accommodate Pre -Leasing
4,574 4,574 #DIVl0! Increase to accommodate Pre -Leasing
5,000 10,000 15,000 200.00% Increase to cover Indusionary Housing Study Fee
1,000,000 1,000,000 2,000,000 100.00% Increase to exp related to sales from inventory
1,020,000 1,019,786 2,039,786
1/8/2015
2014-15 Midyear Budget Worksheets 12-22-14 11 08 AM
RESOLUTION NO. HA-71
HOUSING DEPARTMENT
MID -YEAR 2014-2015 BUDGET REVIEW
REVISED ESTIMATED REVENUES
OPERATING BUDGET
2014.15 Midyear
Account Number Object Original Revised
Adjustment
Budget Budget
5o Change
a Midyear
Explanation
871.8691-363.20-00 CLO VILLAS REVENUE
Total Changes to Revenues
240 240 #DIV/0! Inc related to CLO Villas leasing
240 240
1BRo1s
2014.15 Midyear Budget Worksheets 12•22.14 11.12 AM