HomeMy WebLinkAboutRES HA-76RESOLUTION HA - 76
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, 2015 THROUGH JUNE 30, 2016
WHEREAS, the Housing Authority has received and considered the proposed Program
and Financial Plan submitted by the Executive Director on June 18 , 2015; 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 2015/2016 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 2015/2016 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 2014-15 Fiscal Year.
The amounts included in this exhibit include all unexpended amounts from purchase
orders and contracts encumbered by June 30, 2016.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert and
Housing Authority held on this 18'h day of June, 2015, by the following vote, to wit:
AYES: HARNIK, JONATHAN, SPIEGEL, TANNER, and WEBER
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
ATTEST:
R • HELLE D. KLASSEN, ettY CLERK
CITY OF PALM DESERT, CALIFORNIA
Susan Marie Weber, Mayor
vii
RESOLUTION NO. HA-76
[This page has intentionally been left blank.]
Resolution No. HA-76
PALM DESERT ESTIMATED REVENUES, Exhibit 1
Actual Budget Projected Budget
CATEGORY / FUND FY 13-14 FY 14-15 FY 14-15 FY 15-16
Housing Authority Fund (871):
1. Rent fm Apartments/Interest 5,673,105 5,623,874 5,623,000 5,687,395
2. Reimbursement/Transfers 1,591,825 -
Total Housing Authority Fund 7,264,930 5,623,874 5,623,000 5,687,395
Housing Asset Fund (873):
1. Reimbursement/Transfers
Total Housina Asset Fund
TOTAL ALL FUNDS
10,335,891
10,335,891
241,296.133
121,385.634
3,000,000
3,000,000
111,015,338
218,000
218,000
104,873,709
Page 1-20
Resolution No. HA-76
HOUSING AUTHORITY Exhibit 3
CAPITAL IMPROVEMENT PROGRAM
EXISTING PROJECTS IN FISCAL YEAR 2014-15 CONTINUED TO FY 2015-2016
PROJECT TITLE
RDA Palm Desert Housing Auth Fund 871 "'
Laguna Palms Capital
Laguna Palms Replacement
One Quail Place Replacement
One Quail Place Capital
California Villas Replacement
Taos Palms
Neighbors Gardens
Carlos Ortega Villas Capital
Desert Pointe Replacement
Desert Pointe Capital
Catalina Replacement
Las Serenas Replacement
Pueblos Replacement
Palm Village Replacement
Candlewood Replacement
Sagecrest Capital
Sagecrest Improvements
Home Improvement Program
Homebuyer Assistance
TOTAL EXISTING PROJECTS
ESTIMATED
PROJECT
TOTAL FOR
LIFE OF
PROJECT
ACCOUNT
NUMBERS
388,930 8718610-4400100
Continuing 8718610-4331100
Continuing 8718660-4331100
Continuing 8718660-4400100
Continuing 8718680-4331100
Continuing 8718690-4331100
Continuing 871-8650-4331100
20,000,000 8718691-4400100
Continuing 8718630-4331100
Continuing 8718630-4400100
Continuing 8718620-4331100
Continuing 8718640-4331100
Continuing 8718670-4331100
Continuing 8718692-4331100
Continuing 8718693-4331100
610,851 8718695-4400100
114,447 8718695-4405000
Continuing 8734493-4400100
Continuing 8734699-4400100
' NOTE: APPROPRIATIONS AND/OR ENCUMBRANCES FOR REBUDGET/CARRYOVER
FROM FISCAL YEAR 2014-15 TO 2015-16
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
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
Housing Authority FD 871
Housing Authority FD 871
Housing Authority FD 871
Housing Assest Fund 873
Housing Assest Fund 873
Continuing appropriations are amounts which have been appropriated in FY 2014-15 and are not expected to be expended by
June 30, 2015. 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, 2015 for appropriations approved by the Agency through the last meeting in
June, 2015.
AMOUNTS ARE SUBJECT TO CHANGE DUE TO PROJECTS APPROVED BY COUNCIL PRIOR TO JUNE 30, 2015
Note: Above amounts are as of January, 2015
FY 2014-15
to FY15-16
• SEE NOTE
*'* 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.
388,930
6,470
1,238,776
441,234
120,211
125,057
165,139
1,577,475
436,480
2,000,000
242,882
957,670
34,646
28,012
121,186
610,851
114,447
25,500
315,119
$8,950,085 I
RESOLUTION NO. HA-76 Exhibit 2
PALM DESERT HOUSING AUTHORITY APPROPRIATIONS
FOR FISCAL YEAR 2015-2016
Housing Authority
Housing Asset Fund
FY 2015-2016
6,298,009
1,350,800
TOTAL ALL FUNDS (Includes Transfers Out to Other Funds) I 113,511,362 1