HomeMy WebLinkAboutRES HA-79RESOLUTION HA - 79
A RESOLUTION OF THE PALM DESERT HOUSING AUTHORITY OF PALM
DESERT, CALIFORNIA, ADOPTING THE HOUSING AUTHORITY'S
OPERATIONAL BUDGET AND FINANCIAL PLAN FOR THE FISCAL YEAR
JULY 1, 2016 THROUGH JUNE 30, 2017
WHEREAS, the Housing Authority has received and considered the proposed operational
budget expenditures and financial plan submitted by the Executive Director on June 30, 2016;
and
WHEREAS, after notice duly given, the Housing Authority held a public hearing on the
proposed budget.
NOW, THEREFORE, THE PALM DESERT HOUSING AUTHORITY BOARD OF
PALM DESERT, CALIFORNIA, DOES HERBY RESOLVE AS FOLLOWS:
Section 1. The amounts shown on Exhibit 1 Section A, "Estimated Revenues," are
hereby accepted as the Estimated Revenues for the 2016/2017 Fiscal Year for each fund
and revenue source.
Section 2. The amounts shown on Exhibit 2 Section B, "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
2016/2017 Fiscal Year as the need arises.
Section 3. The amounts shown on Exhibit 3 Section C, "Continuing Appropriations,
Existing Capital Projects," are hereby accepted as continuing appropriations from the
2015-16 Fiscal Year. The amounts included in this exhibit include all unexpended
amounts from purchase orders and contracts encumbered by June 30, 2016.
ADJOURNED
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert and
Housing Authority held on this 30`h day of June, 2016, by the following vote, to wit:
AYES: HARNIK, JONATHAN, TANNER, WEBER, and SPIEGEL
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
ROBERT A. SPIEGE
ATTEST:
RA HELL D. KLASSEN, eT Y CLERK
CITY OF PALM DESERT, CALIFORNIA
RESOLUTION NO. HA-79
PALM DESERT HOUSING AUTHORITY
Fiscal Year 2016-2017
EXHIBIT 1-A
Actual Budget Projected Budget
ESTIMATED REVENUES FY 14-15 FY 15-16 FY 15-16 FY 16-17
Housing Authority Fund (871):
Rent Apartments/Interest 5,507,012 5.687,395 5,646,864 5,989,977
Reimbursement/Transfers 12.013,849 4,388,989
Total Housing Authority Fund 17,520,861 5,687,395 10,035,853 5,989,977
Housing Asset Fund (873):
Reimbursement/Transfers
Total Housing Asset Fund
2,415,827
2,415,827
218,000 168,000
218,000 168.000
268,000
268.000
Total Revenue - Housing Authority Funds 6,257,977
APPROPRIATIONS
Housing Authority Operations
Transfer Out to Housing Administration Fund 870
Housing Asset Fund
Total Housing Authority Appropriations
CAPITAL IMPROVEMENTS AND
CONTINUING APPROPRIATIONS
Capital Improvement Budget
Replacement Reserve Expense
Continuing Appropriations
budget I-Y
16-17
5,049,889
824,324
44,800
5,919.013
Budget FY
16-17
851,000
510,970
10,420.381
EXHIBIT 1-B
EXHIBIT 1-C
Total Housing Authority Capital & Continuing Appropriations 11.782,351 •
These amounts will only be expended the extent there are monies available from the prior year
encumbrances. established reserve funds repayments of loans, sales of homes, etc.
Housing Authority Revenue. Appropriations and Continuing Appropriations
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