HomeMy WebLinkAboutRES. No. HA-31PALM DESERT HOUSING AUTHORITY
FINANCIAL PLAN
FISCAL YEAR 2006-2007
Item 5
RESOLUTION HA - 31
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,
2006 THROUGH JUNE 30, 2007
WHEREAS, the Housing Authority has received and considered the proposed Program
and Financial Plan submitted by the Executive Director on June, 2006; 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 2006-2007 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-depai luiental budgeted line item
variations; additional appropriations or inter -departmental budget transfers will be
specifically approved by further Housing Authority action during the 2006-2007 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 2005-06 Fiscal
Year. The amounts included in this exhibit include all unexpended amounts from
purchase orders and contracts encumbered by June 30, 2006.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm
Desert and Housing Authority held on this 22 day of June, 2006, by the following
vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
RACHELLE D. KLASSEN, SECRETARY
PALM DESERT HOUSING AUTHORITY
JIM FERGUSON, CHAIRMAN
xi
RESOLUTION NO. HA-31
PALM DESERT ESTIMATED REVENUES, Exhibit 1
CATEGORY/FUND
Housing Authority Fund:
1. Rent fm Apartments/Interest
2. Reimbursement
Total Housing Authority Fund
Actual Actual Adopted Projected Budget
FY 03-04 FY 04-05 FY 05-06 FY 05-06 FY 06-07
4,762,955
4,527
4,767,482
4,672,390 4,673,623 4,686,459 5,054,725
11,543
4,683,933 4,673,623 4,686,459 5,054,725
Page 1-37
0-
�>DESERT" !tipt4 UT O AP
Housing Authority
FY 2006-2007
8,945,733
RESOLUTION NO. HA-31
HOUSING AUTHORITY
CAPITAL IMPROVEMENT PROGRAM
EXISTING PROJECTS IN FISCAL YEAR 2005-06 CONTINUED TO FY 2006-2007
PROJECT TITLE
RDA SR Housina Fund 870
California Villas
Palm Village Apartments
New Acquisition Rehab
Home Improvement Program Comp 1 to 6
Laguna Palms Rehabiliation
Property Acquisition
20 Acre Site Development
RDA Palm Desert Housina Auth Fund 871
One Quail Place
California Villas Apartments
TOTAL EXISTING PROJECTS
1
ESTIMATED
PROJECT
TOTAL FOR
LIFE OF
PROJECT
ACCOUNT
NUMBERS
Continuing 870-4480-464.40-01
Continuing 870-4349-433.40-01
4,000,000 870-4498-464.40-01
Continuing 870-4493-464.40-01
Continuing 870-4481-464.40-01
Continuing 870-4495-464.40-01
Continuing 870-4495-464.40-01
Continuing 871-8660-466.40-01
Continuing 871-8680-466.40-01
FUNDING
SOURCES
Housing Fund 870
Housing Fund 870
Housing Fund 870
Housing Fund 870
Housing Fund 870
Housing Fund 870
Housing Fund 870
Housing Authority FD 871
Housing Authority FD 871
* NOTE: APPROPRIATIONS AND/OR ENCUMBRANCES FOR REBUDGET/CARRYOVER
FROM FISCAL. YEAR 2005-06 TO 2006-07
Continuing appropriations are amounts which have been appropriated in FY 2005-06 and are not expected to be expended by
June 30, 2006. 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 al! 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, 2006' for appropriations approved by the Housing Authority through the last meeting in
June, 2006.
AMOUNT ARE SUBJECT TO CHANGE DUE TO PROJECTS THAT THE COUNCIL APPROVES PRIOR TO JUNE 30, 2006
Note:Above amounts are as of May 31, 2006
FY 2005-06
to FY06.07
SEE NOTE
2,815,679
0
4,000,000
115,750
1,388,956
3,210,176
1,043,674
486,813
0
I $13,061,048,
Exhibit 3