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RES. No. HA-35
RESOLUTION NO. HA- 35 A RESOLUTION OF THE PALM DESERT HOUSING AUTHORITY, PALM DESERT, CALIFORNIA, AMENDING THE FISCAL YEAR 2007- 08 BUDGET AS A RESULT OF MID -YEAR ADJUSTMENTS WHEREAS, as a result of Mid -Year review of the budget, it is desirable to revise the 2007-08 Budget; NOW, THEREFORE, BE IT RESOLVED by the Housing Authority, Palm Desert, California, that the 2007-08 Budget is hereby revised as follows: 1. The amount shown in the column entitled "Revised Appropriations" in the table entitled "Palm Desert Housing Authority, Mid -Year 2007-08 Budget Review, Revised Appropriations Operating Budget', attached hereto as Exhibit "A", are hereby appropriated to the departments, activities, and projects identified therein as the Operating Budget for 2007-08. 2. The amounts shown in the column entitled "Revised Estimated Revenues" in the tab entitled "Palm Desert Housing Authority, Mid -Year 2007-08 Budget Review, Revised Estimated Revenues", attached hereto as Exhibit "B", are hereby accepted as the Estimated Revenues for the 2007-08 Fiscal Year for each fund and revenue source. PASSED, APPROVED AND ADOPTED, at the regular meeting of the Palm Desert Housing Authority held on this day of 2008, by the following vote to wit: AYES: NOES: ABSENT: ABSTAIN: Jean M. Benson, Chairperson ATTEST: Rachelle D. Klassen, Secretary PALM DESERT HOUSING AUTHORITY MID -YEAR 2007-2008 BUDGET REVIEW REVISED APPROPRIATIONS OPERATING BUDGET FUND/ ACCOUNT DEPARTMENT DESCRIPTION Fund 871 - Housing Authority - Laguna Palms 871 8610 466 4050 Capital Expense Fund 871 - Housing Authority - Catalina Gardens 871 8620 466 3089 Payroll 871 8620 466 4050 Capital/Emergency Repairs Fund 871 - Housing Authority - Desert Pointe 871 8630 466 3310 Repairs & Maintenance Fund 871 - Housing 871 8640 871 8640 871 8640 Fund 871 - Housing 871 8650 Fund 871 - Housing 871 8660 871 8660 871 8660 Authority - Las Serenas 466 3092 Contract Services 466 3093 Management Fee 466 3098 Payroll ORIGINAL INCREASE/ REVISED APPROP (DECREASE) APPROP 107,913 107,913 Resolution NoHA-35 Exhibit "A" EXPLANATION 38,500 38,500 ranges, refrigerators, range hoods, furniture 38,500 38,500 & window coverings 14,000 5,000 19,000 121,913 5,000 126,913 relocation of staff interior french doors @ community room 49 120 8,000 57,120 carpet, flooring & counter top resurfacing 49,120 179,860 91,980 61,200 333.040 8,000 57,120 (87,880) (30,780) 118,660 Authority - Neighbors Garden 466 4050 Capital/Emergency Repairs 10,000 Authority - One Quail Place 466 3092 Contract Services 466 3093 Management Fee 466 3095 Payroll Fund 871 - Housing Authority - The Pueblos Apts 871 8670 466 3310 Repairs & Maintenance 760,202 254,420 156,672 1,171,294 91,980 61,200 179,860 333,040 correct original budget posting correct original budget posting correct original budget posting 10,000 unit renovation 10,000 10,000 (505,782) 254,420 (97,748) 156,672 603,530 760,202 1,171,294 correct original budget posting correct original budget posting correct original budget posting 12.395 6,000 18,395 carport concrete repair 12,395 6,000 18,395 Fund 871 - Housing Authority - California Villas 871 8680 466 3310 Repairs & Maintenance 53 370 871 8680 466 4001 Capital Budget 6,083,312 871 8680 466 4050 Capital/Emergency Repairs 50,000 6,186,682 Fund 871 - Housing Authority - Taos Palms 871 8690 466 4050 Capital/Emergency Repairs Fund 871 - Housing Authority - Country Village 871 8691 466 3089 Payroll 871 8691 466 3092 Contract Services 871 8691 466 3093 Management Fee 871 8691 466 3223 Advertising/Promotion 871 8691 466 3310 Repairs & Maintenance 871 8691 466 3514 Utility Services 871 8691 466 3695 Miscellaneous Expense 871 8691 466 4050 Capital/Emergency Repairs Totals 10,000 63,370 (25,000) 6,058,312 25,000 75,000 10,000 6,196,682 carpet & flooring renovation Offset increase to 4050 electrical and communication upgrades 50,000 50,000 unit renovation, replace windows & fumigation 50,000 50,000 47.380 (22,380) 25,000 70,080 (37,500) 32,580 30,000 (17,000) 13,000 840 (500) 340 15,140 (13,000) 2,140 54,360 (31.500) 22,860 6,070 (4,000) 2,070 - 14,380 14,380 223,870 (111,500) 112,370 8,084,314 30,000 8,114,314 rehabilitation of units rehabilitation of units rehabilitation of units rehabilitation of units rehabilitation of units rehabilitation of units rehabilitation of units rehabilitation of units 1/17/2008 1052AM Resolution No. HA-35 Exhibit "B' PALM DESERT HOUSING AUTHORITY MID -YEAR 2007-2008 BUDGET REVIEW REVISED APPROPRIATIONS OPERATING BUDGET FUND/ ACCOUNT ORIGINAL INCREASE/ REVISED DEPARTMENT DESCRIPTION APPROP (DECREASE) APPROP EXPLANATION Fund 871 - Housing Authority Rent 871 8610 363 2000 Rent -Laguna Palms 190,897 (95,449) 95,448 Reduce revenues due to renovations 871 8680 363 2000 Rent -California Villas 634,320 (147,178) 487,142 Reduce revenues due to renovations 871 8691 363 2000 Rent -Country Village 82,744 (19,683) 63,061 Reduce revenues due to renovations 871 8692 363 2000 Rent -Palm Village 121,680 (60,840) 60,840 Reduce revenues due to renovations 871 8694 363 2000 Rent -La Rocca Villas 91,355 (45,678) 45,677 Reduce revenues due to renovations 1,120,996 (368,828) 752,168 Totals 1,120,996 (368,828) 752,168