HomeMy WebLinkAboutRES HA-82RESOLUTION HA - 82
A RESOLUTION OF THE PALM DESERT HOUSING AUTHORITY OF PALM
DESERT, CALIFORNIA, ADOPTING THE HOUSING AUTHORITY'S
BUDGET FOR THE FISCAL YEAR JULY 1, 2017 THROUGH JUNE 30, 2018
WHEREAS, the Housing Authority has received and considered the proposed budget
submitted by the Executive Director on June 22, 2017; 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 A Section 1, "Estimated Revenues," are
hereby accepted as the Estimated Revenues for FY 2017/2018 for each fund and
revenue source.
Section 2. The amounts shown on Exhibit A Section 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 2017/2018 fiscal year as the need arises.
Section 3. The amounts shown on. Exhibit A Section 3, "Continuing Appropriations,
Existing Capital Projects," are hereby accepted as continuing appropriations from FY
2016-17. The amounts included in this exhibit include all unexpended amounts from
purchase orders and contracts encumbered by June 30, 2017.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert
Housing Authority held on this 22nd day of June, 2017, by the following vote, to wit:
AYES: JONATHAN, KELLY, NESTANDE, WEBER, and HARNIK
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
N C. HARN K, CHAIRMAN
ATTEST:
RA LLE D. ' LASSE SECRETARY
CITY OF PALM DESERT, CALIFORNIA
RESOLUTION NO. HA- 82 Exhibit A
Section 1
Estimated Revenues
PALM DESERT HOUSING AUTHORITY
Fiscal Year 2017-2018
Actual Budget Projected Budget
FY 15-16 FY 16-17 FY 16-17 FY 17-18
Housing Authority Fund (871):
Rent Apartments/Interest 5,816,257 5,989,977 6,203,994 6,446,228
Reimbursement/Transfers 5,422,597 - 65,000 70,000
Total Housing Authority Fund 11,238,854 5,989,977 6,268,994 6,516,228
Housing Asset Fund (873):
Reimbursement/Transfers 465,946 268,000 85,000 80,000
Total Housing Asset Fund 465,946 268,000 85,000 80,000
Total Revenue - Housing Authority Funds 6,696,228
Section 2
Appropriations
Budget FY
17-18
Housing Authority Operations 5,233,388
Transfer Out to Housing Administration Fund 870 532,870
Housing Asset Fund 49,300
Total Housing Authority Appropriations 5,815,558
Section 3
Budget FY
Capital Improvements & Continuing Appropriations 17-18
Capital Improvement Budget 426,000
Replacement Reserve Expense 2,487,030
Continuing Appropriations 6,577,343
Total Housing Authority Capital Continuing Appropriations 9,490,373 *
* 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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