HomeMy WebLinkAboutRES. No. HA-37PALM DESERT HOUSING AUTHORITY
FINANCIAL PLAN
FISCAL YEAR 2008-2009
Item 5
RESOLUTION HA - 37
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,
2008 THROUGH JUNE 30, 2009
WHEREAS, the Housing Authority has received and considered the proposed Program
and Financial Plan submitted by the Executive Director on June 2, 2008; 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 2008/2009 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-departmental budgeted line item
variations; additional appropriations or inter -departmental budget transfers will be
specifically approved by further Housing Authority action during the 2008/2009 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 2007-08 Fiscal
Year. The amounts included in this exhibit include all unexpended amounts from
purchase orders and contracts encumbered by June 30, 2008.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm
Desert and Housing Authority held on this 26 day of June, 2008, by the following
vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
JEAN BENSON, MAYOR
ATTEST:
RACHELLE KLASSEN, DEPUTY CITY CLERK
CITY OF PALM DESERT, CALIFORNIA
xi
PALM DESERT ESTIMATED REVENUES, Exhibit 1
CATEGORY/FUND
Housina Authority Fund:
1. Rent fm Apartments/Interest
2. Reimbursement
Total Housina Authority Fund
Actual Actual Adopted Projected Budget
FY 05-06 FY 06-07 FY 07-08 FY 07-08 FY 08-09
4,960,802
10,000
4,970,802
4,788,976 5,274,302 5,133,463 5,063,602
11, 540, 701
16,329,677 5,274,302 5,133,463 5,063,602
Page 1-36
Exhibit 2 HA- 37
PALM DESERT HOUSING AUTHORITY APPROPRIATIONS
FOR FISCAL YEAR 2008-2009
I FY 2008-2009
Housing Authority 5,981,966
TOTAL ALL FUNDS (Includes Transfers Out to Othel 274,640,955 I
HOUSING AUTHORITY
CAPITAL IMPROVEMENT PROGRAM
EXISTING PROJECTS IN FISCAL YEAR 2007-08 CONTINUED TO FY 2008-2009
PROJECT TITLE
RDA SR Housing Fund 870
Palm Village Apts Construction
Workforce Housing Grant
Home Improvement Program
Property Acquisition
Apartment Complex Rehab
Rental Assistance
Falcon Crest/La Rocca Villas Construction
RDA Palm Desert Housing Auth Fund 871
Laguna Palms Rehabilitation
Desert Pointe Replacement Expenditures
One Quail Place Replacement Expenditures
One Quail Place Capital Improvements
California Villas Replacement Expenditures
California Villas Rehabilitation
Taos Palms Replacement Expenditures
Country Village Capital Improvements
Candlewood Apts (Health & Safety Repairs)
TOTAL EXISTING PROJECTS
ESTIMATED
PROJECT
TOTAL FOR
LIFE OF
PROJECT
ACCOUNT
NUMBERS
Continuing 870-4349-433.40-01
93,209 870-4490-464.39-02
Continuing 870-4493-464.40-01
Continuing 870-4495-464.40-01
4,000,000 870-4498-464.40-01
450,000 870-4688-464.40-01
Continuing 870-4698-464.40-01
Continuing
Continuing
Continuing
Continuing
Continuing
Continuing
Continuing
Continuing
Continuing
871-8610-466.40-01
871-8630-433.33-11
871-8660-466.33-11
871-8660-466.40-50
871-8680-466.33-11
871-8680-466.40-01
871-8690-466.33-11
871-8691-466.40-50
871-8693-466.40-50
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
Housing Authority FD 871
Housing Authority FD 871
Housing Authority FD 871
Housing Authority FD 871
Housing Authority FD 871
Housing Authority FD 871
Housing Authority FD 871
NOTE: APPROPRIATIONS AND/OR ENCUMBRANCES FOR REBUDGET/CARRYOVER
FROM FISCAL YEAR 2007-08 TO 2008-09
Continuing appropriations are amounts which have been appropriated in FY 2007-08 and are not expected to be expended by
June 30, 2008. 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 all 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, 2008 for appropriations approved by the Housing Authority through the last meeting in
June, 2008.
AMOUNTS ARE SUBJECT TO CHANGE DUE TO PROJECTS APPROVED BY COUNCIL PRIOR TO JUNE 30, 2008
Note:Above amounts are as of February 29, 2008
Exhibit 3
HA -37
FY 2007-08
to FY08-09
" SEE NOTE
85,641
118,818
653,250
883,992
4,000,000
450,000
3,644,759
1,005,375
35,145
85,228
220,000
32,806
1,984,686
46,849
39,380
180,464
$13,466,393 I