HomeMy WebLinkAboutRES HA-86RESOLUTION HA - 86
A RESOLUTION OF THE PALM DESERT HOUSING AUTHORITY OF PALM
DESERT, CALIFORNIA, ADOPTING THE HOUSING AUTHORITY'S
BUDGET FOR THE FISCAL YEAR JULY 1, 2018 THROUGH JUNE 30, 2019
WHEREAS, the Housing Authority has received and considered the proposed budget
submitted by the Executive Director on June 28, 2018; 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 2018/2019 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 her duly appointed representative, will have the authority to approve intra-
and inter -departmental budgeted line item variations; additional appropriations will be
specifically approved by further Housing Authority action during the 2018/2019 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
2017-18. The amounts included in this exhibit include all unexpended amounts from
purchase orders and contracts encumbered by June 30, 2018.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert
Housing Authority held on this 28th day of June, 2018, by the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
HARNIK, KELLY, NESTANDE, and JONATHAN
NONE
WEBER
NONE ��`
SABBY
ATTEST:
RA HELLE D. KLASSEN, CRETARY
CITY OF PALM DESERT, CALIFORNIA
i
N, CHAIRMAN
RESOLUTION NO. HA-86
[This page has intentionally been left blank.]
RESOLUTION NO. HA- 86
Exhibit A
Section 1
Estimated Revenues
PALM DESERT HOUSING AUTHORITY
Fiscal Year 2018-2019
Actual Budget Projected Budget
FY 16-17 FY 17-18 FY 17-18 FY 18-19
Housing Authority Fund (871):
Rent Apartments 6,278,088 6,446,228 6,584,220 6,974,666
Reimbursement/Transfers/Interest 4,074,312 70,000 293,400
Total Housing Authority Fund 10,352,400 6,516,228 6,877,620 6,974,666
Housing Asset Fund (873):
Reimbursement/Transfers/Interest 352,510
Total Housing Asset Fund 352,510
80,000
80,000
245,700
245,700
180,000
180,000
Total Revenue - Housing Authority Funds 7,154,666
Section 2
Appropriations
Housing Authority Operations
Transfer Out to Housing Administration Fund 870
Housing Asset Fund
Total Housing Authority Appropriations
Section 3
Capital Improvements & Continuing Appropriations
Capital Improvement Budget
Replacement Reserve Expense
Continuing Appropriations
FD 871
FD 871
FD 873
FD 871/873
FD 871
Budget FY
18-19
5,491,155
544,170
49,300
6,084,625
Budget FY
18-19
426,000
5,250,779
3,772,248
Total Housing Authority Capital & Continuing Appropriations 9,449,027
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
Page 1