HomeMy WebLinkAboutRES HA-92RESOLUTION HA - 92
A RESOLUTION OF THE PALM DESERT HOUSING AUTHORITY OF PALM
DESERT, CALIFORNIA, ADOPTING THE HOUSING AUTHORITY'S
BUDGET FOR THE FISCAL YEAR JULY 1, 2019 THROUGH JUNE 30, 2020
WHEREAS, the Housing Authority has received and considered the proposed budget
submitted by the Executive Director on June 27, 2019; 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 2019/2020 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 2019/2020 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
2018-19. The amounts included in this exhibit include all unexpended amounts from
purchase orders and contracts encumbered by June 30, 2019.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert
Housing Authority held on this 27th day of June, 2019, by the following vote, to wit:
AYES: HARNIK, JONATHAN, KELLY, NESTANDE, AND WEBER
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
SUSAN MARIE WEBER, CHAIRMAN
ATTEST:
RA ELLE D. KLASSEN, SECRETARY
CITY OF PALM DESERT, CALIFORNIA
RESOLUTION NO. HA-92
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RESOLUTION NO. HA- 92
Exhibit A
PALM DESERT HOUSING AUTHORITY
Fiscal Year 2019-2020
Section 1
Estimated Revenues
Budget
FY 19-20
Housing Authority Fund (871):
Rent Apartments 6,754,584
Reimbursement/Transfers/Interest 200,000
Total Housing Authority Fund 6,954,584
Housing Asset Fund (873):
Reimbursement/Transfers/Interest 400,000
Total Housing Asset Fund 400,000
Total Revenue - Housing Authority Funds 7,354,584
Section 2
Appropriations
Budget FY
19-20
Housing Authority Operations FD 871 5,874,126
Replacement Reserve Expense FD 871 5,250,779
Transfer Out to Housing Administration Fund 870 FD 871 351,876
Housing Asset Fund FD 873 49,300
Total Housing Authority Appropriations 11,526,081
Section 3
Capital Improvements & Continuing Appropriations
Budget FY
19-20
Capital Improvement Budget FD 873 426,000
Continuing Appropriations
Total Housing Authority Capital & Continuing Appropriations 426,000
* 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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