HomeMy WebLinkAboutRes Nos. 571 & HA-42 Amnd FY 09/10 BudgetsPALM DESERT REDEVELOPMENT AGENCY/
PALM DESERT HOUSING AUTHORITY
STAFF REPORT
REQUEST: ADOPTION OF RESOLUTIONS OF THE REDEVELOPMENT
AGENCY AND THE HOUSING AUTHORITY AMENDING THEIR
FISCAL YEAR 2009-10 BUDGETS
SUBMITTED BY: Veronica Tapia, Redevelopment Accountant
DATE: April 8, 2010
CONTENTS: Agency Resolution No. 571
Housing Authority Resolution No. HA-42
Recommendation
Waiver further reading and adopt
1. Resolution No. 571 , amending the Fiscal Year 2009-10 budget as a result
of Mid -Year Adjustments; and
2. Resolution No. HA- 42 , amending the Fiscal Year 2009-10 budget as a
result of Mid -Year Adjustments.
Commission Recommendation
The Housing Commission unanimously approved this recommendation at its regular meeting of
January 13, 2010.
Executive Summary
The adoption of these resolutions will adjust the 2009-10 budgets for the Redevelopment Agency
and the Housing Authority to reflect the projected changes in revenues and expenditures of both
entities. The adjustments are intended to align the budget with expected expenditures to year-end,
in addition to budgeting for the potential SERAF shift to the State. Funds are available in the
Agency's fund balances.
Background
Staff has completed a Mid -Year analysis of the Redevelopment Agency, Housing Authority, and
Financing Authority budgets, as well as the budgets for the Visitor's Center, Marketing, Special
Events, El Paseo Assessment District, and various other Agency administered projects. Staff is
proposing adjustments to all budgets to reflect changes in projected revenues and expenditures.
In accordance with the direction of the City Manager/Executive Director to cut budgets, staff has
reduced expenditures where appropriate in anticipation of declining revenue to the General Fund.
Additional adjustments have been made including higher than anticipated tax increment revenues,
which will necessitate higher pass -through payments, housing set -aside transfers as well as,
budgeting for the potential transfer to the State's SERAF fund currently in litigation.
G'\rda\Veronica Tapia\2009-10 Midyear Budget Adjustments\2009-10 Mid Year Budget Adjustment Staff Report doc
Staff Report
Adoption of Resolutions of the Redevelopment Agency/Housng Authority amending their
Fiscal Year 2009-10 Budgets
April 8, 2010
Page 2 of 4
The changes to the budget, including those that are proposed in thisadjustment are summarized
below:
Original 2009.2010 Budget:
2008-2009 Budget Carryovers:
Additional 2009-2010 Appropriations:
Original Budget, Carryovers and Appropriations:
Recommended Mid -Year Adjustment:
Revised Budget, Carryovers and Appropriations:
Amount
129,433,425
73,597,361
2,298,396
205,329,181
25,713,332
231,042,514
Description
2009-2010 Financial Plan
Brought forward from 2008-09 Plan for continuing projects
(including Encumbrances)
Added to Original Budget during the year for property
acquisition and contracts from 7-1-09 through 12/22/09
Total 2009-2010 Budget, 2008-2009 Carryovers and
Additional Appropriations from 7-1-09 to 12-22-09
Increase to total budget for SERAF and Pass-Thru's offset
by reductions to admin/programs
Total 2009-2010 Budget including mid -year
adjustments, additional appropriations and 2008-2009
Carryovers
The following details the adjustments to all administrative, capital, and program/project accounts.
Administration
OFFICE SUPPLIES
SPLY-PHOTO/GRAPHIC ARTS
PROF -LEGAL (LITIGATION)
PROF -ACCOUNTING & AUDIT
PROF -TEMPORARY HELP
PROF- OTHER
PROF -OTHER
CONFERENCE/SEMINARS
LOCAL MEETINGS
REQ. LEGAL ADVERTISING
R/M-OTHER EQUIPMENT
REPLACEMENT EXPENDITURES
UTILITIES
PRINTING / DUPLICATING
SUBSCRIPTIONS/PUBLICATION
DUES
POSTAGE & FREIGHT
Total Administration
Program Funding
COURTESY CARTS
BUSINESS RETENTION PROGRAM
SELF HELP HOUSING (14 UNITS)
ACQ/REHAB/RSL HOME IMP PG
HOME IMPR PRG COMP 1 TO 6
MORTGAGE ASSISTANCE
HOME BUYER ASSISTANCE
Total Programs
Project Project
Area 1 Area 2
(1,000)
(500)
(5,000)
(5,000)
(500)
20,000
(5,000)
(3,500)
(1,000)
(5,000)
(10,000)
(20,000)
(15,000)
Project Project Housing Housing
Area 3 Area 4 Set -Aside Authority
(5,000)
(500)
(1,000) (4,000)
(36,500) (21,500) (4,000)
(15,000)
(18,000)
(33,000)
(500)
(750)
(250)
(750) (1,250)
(78,615)
(19,278)
(87,148)
(30,704)
(500)
(200)
(250)
(1,000)
(750) (4,700) (215,745)
(200,000)
500,000
(200,000)
(10,000)
(150,000)
( 60,000)
G.\RDA\VERONICA TAPIA12009-10 MIDYEAR BUDGET ADJUSTMENTS\2009-10 MID YEAR BUDGET ADJUSTMENT STAFF REPORT DOC
Staff Report
Adoption of Resolutions of the Redevelopment Agency/Housng Authority amending their
Fiscal Year 2009-10 Budgets
April 8, 2010
Page 3 of 4
Capital Projects
HA CAPITAL IMPROVEMENTS
Total Capital Projects
Debt Service
PASS-THRU PAYMNT TO AGNC
PROF -OTHER ADMINISTRATION
TR OUT TI UM SET -ASIDE
INTERFUND OP TR OUT
Total Debt Service
Total Adjustments
CA STATE SERAF PAYMENT
Adjustments including SERAF
Project Project
Area 1 Area 2
Project Project Housing Housing
Area 3 Area 4 Set -Aside Authority
- (1,550,000)
• (1,550,000)
856,406 (121,431) 231,427 188,871
(5,000)
532,634 (6,298) 109,278 102,427
225,000
1,384,040 (127,729) 340,705 291,298 225,000
1,314,540 (149,229) 336,705 290,548 160,300 (1,765,745)
15, 386, 631 5,374,282 1,036,368 3,728,934
16,701,171 5,225,053 1,373,073 4,019,482 160,300 (1,765,745)
Total Agency Mid -Year Adjustment to 2009-10 Financial Plan 25,713,332
Additionally, staff has provided additional savings to the General Fund in the amount of ($ 362,575).
This amount has been provided to the Director of Finance to be included in the City's Mid -Year
Adjustment to the Financial Plan. The breakdown of the adjustments are as follows:
Original 2009-2010 Budget:
2008-2009 Budget Carryovers:
Additional 2009.2010
Appropriations:
Recommended Mid -Year 2009-
2010 Budget Adjustment:
Revised 2009-2010 Budget:
Revenue:
Visitor's
Center Marketing Special Events Description
704,236 1,113,210 1,412,453 2009-2010 Financial Plan
Brought forward from 2008-09 Plan
Added to Original Budget during the year from 7-
- - 1-09 through 12/22/09
(8,000) (176,575) (178,000) Reduction to Department Budget
Total 2009-10 Budget including mid -year
adjustments (there are no 2008-2009
696,236 936,635 1,234,453 carryovers in these budgets)
Staff also proposes to increase the budgeted revenue to reflect the adjustment in tax increment
revenues as reported by the County of Riverside. The projections provided by the County indicate
an overall increase of tax increment revenue in the amount of $2,641,846, broken down as follows:
Project Area No. 1
Project Area No. 2
Project Area No. 3
Project Area No. 4
$2,053,799
( 258,045)
493,948
352,144
Staff also recommends a corresponding adjustment to the projected Housing Set -Aside deposit
of $738,040.
G:\RDA\VERONICA TAPIA12009-10 MIDYEAR BUDGET ADJUSTMENTS\2009-10 MID YEAR BUDGET ADJUSTMENT STAFF REPORT.DOC
Staff Report
Adoption of Resolutions of the Redevelopment Agency/Housng Authority amending their
Fiscal Year 2009-10 Budgets
April 8, 2010
Page 4 of 4
Finally, staff anticipates a decrease to rental income in the amount of ($ 213,264) for the
Housing Authority properties. The reduction is primarily attributable to a decline in income of
current tenants, compared to the maximum levels that are required by the stipulation.
The Housing Commission unanimously approved the above revenue and expenditure
recommendations with respect to the Housing Authority budgeton January 13, 2010.
Attached are the resolutions and exhibits for the Redevelopment Agency and Housing Authority,
which amend their respective budgets. Staff recommends approval of the resolutions amending the
2009-10 budgets as a result of Mid -Year Adjustments.
Fiscal Analysis
The reductions, as requested, are offset by necessary increases including housing acquisition,
rehab and resale, additional pass thru payments to taxing agencies and Housing Set -Aside based
on increased Tax Increment Revenue, and the increase to the SERAF budget of approximately
$25.5 million.
On October 8, 2009 the City Council/Agency Board authorized staff to suspend the 2009-10
Housing Set -Aside deposit, estimated at $17 million, to offset the additional costs associated with
the potential SERAF shift. The loan from Housing Set -Aside will need to be paid back by June 30,
2015.
Additionally, requested reductions to City programs will also provide a budget savings of ($ 362,575)
to the General Fund.
Subn}ytted by:
Veronica Tapia, Redevelop ent Accountant
Approval:
McCarthy, ACM for = evelopment
Gi•son, Director of Finance
n M. Wohlmuth, Executive Director
Department Head:
(/C--
4ariet/Moore, Director of Housing
,BYRDA 5-C
VERIFIED BY ,? OK find f
Original on file with City Clerk's Office
04211—AL)IBY HOUSG AUH 5 - 0
VERIFIED BY: .2'�K�f?/C
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Original on file with City Clerk's Offic
G:\RDA\VERONICA TAPIA\2009-10 MIDYEAR BUDGET ADJUSTMENTS\2009-10 MID YEAR BUDGET ADJUSTMENT STAFF REPORT DOC
RESOLUTION NO. 571
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT
AGENCY, PALM DESERT, CALIFORNIA, AMENDING THE FISCAL
YEAR 2009-10 BUDGET AS A RESULT OF MID -YEAR ADJUSTMENTS
ADDENDUM
WHEREAS, as a result of Mid -Year review of the budget, it is desirable to revise
the 2009-10 Budget;
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency, Palm
Desert, California, that the 2009-10 Budget is hereby revised as follows:
1. The amount shown in the column entitled "Remaining Appropriations" in
the table entitled "Palm Desert Redevelopment Agency, Mid -Year 2009-10
Budget Addendum, 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 2009-
10.
2. The amounts shown in the column entitled "Revised Estimated Revenues"
in the tab entitled "Palm Desert Redevelopment Agency, Mid -Year 2009-
10 Budget Review, Revised Estimated Revenues", attached hereto as
Exhibit "B", are hereby accepted as the Estimated Revenues for the 2009-
10 Fiscal Year for each fund and revenue source.
PASSED, APPROVED AND ADOPTED, at the regular meeting of the Palm
Desert Redevelopment Agency held on this day of 2010, by the
following vote to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
Cindy Finerty, Chairperson
ATTEST:
Rachelle D. Klassen, Secretary
G \rda\Veronica Tapia\Word Files\Staff Reports\2009-10 RDA Midyear Budget Resolution.doc
Resolution No.
Exhibit "A"
PALM DESERT REDEVELOPMENT AGENCY
MID -YEAR 2009-2010 BUDGET REVIEW
REVISED APPROPRIATIONS
OPERATING BUDGET
Account Number Object
2009.10 2009-10
Midyear % Change
Original Adjustment Revised @ Midyear
Appropriation Appropriation
Explanation
850-4121-466.30-16
850-4195-466.21-10
850-4195-466.21-85
850-4195-466.30-20
850-4195-466.30-35
850-4195-466.30-92
850-4195-466.31-20
850-4195-466.31-25
850-4195-466.32-10
850-4195-466.36-10
850-4195-466.36-20
850-4416-414.36-81
PROF -LEGAL (LITIGATION)
OFFICE SUPPLIES
SPLY-PHOTO/GRAPHIC ARTS
PROF -ACCOUNTING & AUDIT
PROF -TEMPORARY HELP
PROF -OTHER
CONFERENCE/SEMINARS
LOCAL MEETINGS
REQ. LEGAL ADVERTISING
PRINTING / DUPLICATING
SUBSCRIPTIONS/PUBLICATION
COURTESY CARTS
850-4430-422.30-90 PROF - OTHER
850-4430-422.36-30 DUES
850-4430-422.39-11 BUSINESS RETENTION PROGRAM
850-4511-442.30-90
850-4511-442.36-30
851-4121-466.30-15
851-4195-466.31-20
851-4195-466.31-25
851-4195-466.32-10
853-4195-466.32-10
854-4195-466.32-10
860-4195-466.30-90
860-4195-466.36-47
860-4195-466.36-49
860-4199-499.50-90
861-4195-466.36-47
861-4195-466.36-49
861-4199-499.50-90
863-4195-466.36-47
863-4195-466.36-49
863-4199-499.50-90
864-4195-466.36-47
864-4195-466.36-49
864-4199-499.50-90
PROFESSIONAL SERVICES
DUES
PROF -LEGAL
CONFERENCE/SEMINARS
LOCAL MEETINGS
REQ. LEGAL ADVERTISING
REQ. LEGAL ADVERTISING
REQ. LEGAL ADVERTISING
Total Adjustments to Capital Budgets
PROF -OTHER ADMINISTRATION
PASS-THRU PAYMNT TO AGNC
CA STATE ERAF PAYMENT
TR OUT TI L/M SET -ASIDE
PASS-THRU PAYMNT TO AGNC
CA STATE ERAF PAYMENT
TR OUT TI UM SET -ASIDE
PASS-THRU PAYMNT TO AGNC
CA STATE ERAF PAYMENT
TR OUT TI UM SET -ASIDE
PASS-THRU PAYMNT TO AGNC
CA STATE ERAF PAYMENT
TR OUT TI UM SET -ASIDE
Total Adjustments to Debt Service Budgets
870-4195-466.21-10 OFFICE SUPPLIES
870-4195-466.31-20 CONFERENCE/SEMINARS
870-4195-466.31-25 LOCAL MEETINGS
870-4195-466.32-10 REQ. LEGAL ADVERTISING
15,000 (5,000) 10,000 -33.33% Reduce for current FY-Reprogram in 2010/11
2,500 (1,000) 1,500 -40.00% Reduce for current FY-Reprogram in 2010/11
1,000 (500) 500 -50.00% Reduce for current FY-Reprogram in 2010/11
15,000 (5,000) 10,000 -33.33% Reduce for current FY-Reprogram in 2010/12
1,000 (500) 500 -50.00% Reduce for current FY-Reprogram in 2010/13
52,652 (10,000) 42,652 -18.99% Reduce for current FY-Reprogram in 2010/14
25,000 (5,000) 20,000 -20.00% $10,000 for CM's office
7,000 (3,500) 3,500 -50.00% Reduce for current FY-Reprogram in 2010/11
2,500 (1,000) 1,500-40.00% Reduce for Acutal Public Notices
10,000 (5,000) 5,000 -50.00% Reduce for current FY-Reprogram in 2010/11
12,000 (10,000) 2,000 -83.33% Reduce for current FY-Reprogram in 2010/11
240,000 (15,000) 225,000 -6.25% Reduce budget by contingency (unallowed)
16,000 (10,000) 6,000 -62.50%
15,000 (5,000) 10,000 -33.33%
28,000 (18,000) 10,000 -64.29%
13,000 40,000 53,000 307.69%
36,000 (15,000) 21,000 -41.67%
30,000 (15,000) 15,000 -50.00%
10,000 (5,000) 5,000 -50.00%
1,500 (500) 1,000 -33.33%
2,000 (1,000) 1,000 -50.00%
5,000 (4,000) 1,000 -80.00%
1,500 (750) 750 -50.00%
541,652 (95,750) 445,902
25,000 (5,000) 20,000
19,173,023 856,406 20,029,429
15, 386, 631 15, 386, 631
9,646,537 532,634 10,179,171
7,675,103 (121,431) 7,553,672
5,374,282 5,374,282
3,630,484 (6,298) 3,624,186
2,076,429 231,427 2,307,856
1,036,368 1,036,368
829,552 109,278 938,830
6,743,578 188,871 6,932,449
3,728,934 3,728,934
2,514,640 102,427 2,617,067
52,314,346 27,414,528 79,728,874
1,000 (500) 500
2,500 (750) 1,750
1,000 (250) 750
2,500 (1,250) 1,250
Reduce budget for elim of Co-Star/PS Life pd
from Printing Budget
Reduced dues for CVEP for 09-10
Reduce for current FY-Reprogram in 2010/11
Inc for New Loans -(Title Reports)100@ 360/pp -
expense is offset by equal reimb to Fund 237
Reduce dues budget for Aspen Accord
Reduce for current FY-Reprogram in 2010/11
Reduce for current FY-Reprogram in 2010/11
Reduce for current FY-Reprogram in 2010/11
Reduce for Actual Public Notices
Reduce for Actual Public Notices
Reduce for Actual Public Notices
-20.00% Disclosure Reports/Trustee Fees/Arb Calc's
4.47% Based on increase in Tax Increment Budget
100.00% SERAF obligation as provided by State
5.52% Based on increase in Tax Increment Budget
-1.58% Based on decrease in Tax Increment Budget
100.00% SERAF obligation as provided by State
-0.17% Based on decrease in Tax Increment Budget
11.15% Based on increase in Tax Increment Budget
100.00% SERAF obligation as provided by State
13.17% Based on increase in Tax Increment Budget
2.80% Based on increase in Tax Increment Budget
100.00% SERAF obligation as provided by State
4.07% Based on increase in Tax Increment Budget
-50.00% Reduce for current FY-Reprogram in 2010/11
-30.00% Reduce for current FY-Reprogram in 2010/11
-25.00% Reduce for current FY-Reprogram in 2010/11
-50.00% Reduce for Actual Public Notices
12/29/2009
2009-10 Midyear Budget Worksheets & Exhibits.xlsx 11:32 AM
Resolution No.
Exhibit "A"
PALM DESERT REDEVELOPMENT AGENCY
MID -YEAR 2009-2010 BUDGET REVIEW
REVISED APPROPRIATIONS
OPERATING BUDGET
Account Number Object
2009-10 2009-10
Midyear % Change
Original Adjustment Revised @ Midyear
Appropriation Appropriation
Explanation
870-4195-466.36-
870-4195-466.36-
870-4195-466.36-
870-4195-466.36-
870-4199-499.50-
870-4474-464.40-
870-4492-464.40-
870-4493-464.40-
870-4689-464.40-
870-4699-464.40-
10
20
30
60
10
01
01
01
01
01
PRINTING / DUPLICATING
SUBSCRIPTIONS/PUBLICATION
DUES
POSTAGE & FREIGHT
INTERFUND OP TR OUT
SELF HELP HOUSING (14 UNITS)
ACQ/REHAB/RSL HOME IMP PG
HOME IMPR PRG COMP 1 TO 6
MORTGAGE ASSISTANCE
HOME BUYER ASSISTANCE
Total Adjustments to Housing Set -Aside Budgets
Total Adjustments to RDA Expenditures
1,500 (500)
1,800 (200)
1,000 (250)
4,000 (1,000)
225,000
200,000 (200,000)
555,500 500,000
884,749 (200,000)
10,000 (10,000)
615,701 (150,000) 465,701
2,281,250 160,300 2,441,550
55,137,248 27,479,078 82,616,326
1,000 -33.33% Reduce for current FY-Reprogram in 2010/11
1,600 -11.11% Reduce for current FY-Reprogram in 2010/11
750-25.00% Reduce for current FY-Reprogram in 2010/11
3,000 -25.00% Reduce for current FY-Reprogram in 2010/11
225,000 #DIV/0! Reimbursement to Agency for County Admin Chg
-100.00% Reduce for delay of project -Reprogram 2010/11
1,055,500 90.01% Acquisition of New or DR/FC homes
684,749 -22.61 % Reduce for current FY
-100.00% Reduce for delay of project -will be added to 10/11
-24.36% Silent 2nd Loans -reduce for market conditions
12/2912009
2009-10 Midyear Budget Worksheets & Exhibits.xlsx 11:32 AM
Resolution No.
Exhibit "B"
PALM DESERT REDEVELOPMENT AGENCY
MID -YEAR 2009-2010 BUDGET REVIEW
REVISED APPROPRIATIONS
OPERATING BUDGET
Account Number
Object
Original
Estimated
Revenues
Midyear
Adjustment
Revised
Estimated
Revenues
% Change
@ Midyear
Explanation
860-0000-317-1000
860-0000-317-1100
861-0000-317-1000
863-0000-317-1000
864-0000-317-1000
870-0000-391-1011
870-0000-391-1012
870-0000-391-1013
870-0000-391-1014
TAX INCREMENT PA 1 ORIGINAL
TAX INCREMENT PA 1 ANNEX
TAX INCREMENT PA 2
TAX INCREMENT PA 3
TAX INCREMENT PA 4
TAX INCREMENT 20%-PA 1
TAX INCREMENT 20%-PA 2
TAX INCREMENT 20%-PA 3
TAX INCREMENT 20%-PA 4
Total Changes to RDA Revenue
8,977,568
39,255,119
18,152,420
4,147,762
12,573,199
9,646,537
3,630,484
829,552
2,514,640
99,727,281
598,837
1,454,962
(258,045)
493,948
352,144
532,634
(6,298)
109,278
102,427
3,379,886
9,576,405
40,710,081
17,894,375
4,641,710
12,925,343
10,179,171
3,624,186
938,830
2,617,067
103,107,167
6.67% Decrease in AV Less than Anticipated
3.71% Decrease in AV Less than Anticipated
-1.42% Decrease in Assessed Value
11.91% Decrease in AV Less than Anticipated
2.80% Decrease in AV Less than Anticipated
5.52% Decrease in AV Less than Anticipated
-0.17% Decrease in Assessed Value
13.17% Decrease in AV Less than Anticipated
4.07% Decrease in AV Less than Anticipated
2009-10 Midyear Budget Worksheets & Exhibits.xisx
12/28/2009
1:20 PM
RESOLUTION NO. HA-42
A RESOLUTION OF THE PALM DESERT HOUSING AUTHORITY,
PALM DESERT, CALIFORNIA, AMENDING THE FISCAL YEAR 2009-
10 BUDGET AS A RESULT OF MID -YEAR ADJUSTMENTS
ADDENDUM
WHEREAS, as a result of Mid -Year review of the budget, it is desirable to revise
the 2009-10 Budget;
NOW, THEREFORE, BE IT RESOLVED by the Housing Authority, Palm Desert,
California, that the 2009-10 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 2009-10 Budget
Addendum, 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 2009-10.
2. The amounts shown in the column entitled "Revised Estimated Revenues"
in the tab entitled "Palm Desert Housing Authority, Mid -Year 2009-10
Budget Review, Revised Estimated Revenues", attached hereto as Exhibit
"B", are hereby accepted as the Estimated Revenues for the 2009-10
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 2010, by the
following vote to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
Cindy Finerty, Chairperson
ATTEST:
Rachelle D. Klassen, Secretary
G \rda\Veronica Tapia\Word Files\Staff Reports\2009-10 HA Midyear Budget Resolution.doc
Resolution No.
Exhibit "A"
PALM DESERT HOUSING AUTHORITY
MID -YEAR 2009-2010 BUDGET REVIEW
REVISED APPROPRIATIONS
OPERATING BUDGET
Account Number Object
2009-10 2009-10
Original Midyear Revised % Change
Appropriation Adjustment Appropriation @ Midyear
Explanation
871-4195-466.33-70 R/M-OTHER EQUIPMENT
Laguna Palms Apartments
871-8610-466.30-92 PROF -OTHER
871-8610-466.33-10 R/M - BUILDING
871-8610-466.40-01 LAGUNA PALMS REHABILITATION
Catalina Garden Apartments
871-8620-466.30-92 PROF -OTHER
871-8620-466.33-10 R/M - BUILDING
871-8620-466.33-11 REPLACEMENT EXPENDITURES
Desert Pointe Apartments
871-8630-466.30-92 PROF -OTHER
871-8630-466.33-10 R/M - BUILDING
Las Serenas Apartments
871-8640-466.30-92 PROF -OTHER
871-8640-466.33-10 R/M - BUILDING
871-8640-466.33-11 REPLACEMENT EXPENDITURES
Neighbors Apartments
871-8650-466.30-92 PROF -OTHER
871-8650-466.33-10 R/M - BUILDING
871-8650-466.40-50 CAPITAL IMPROVEMENTS
One Quail Place Apartments
871-8660-466.30-92 PROF -OTHER
871-8660-466.33-10 R/M - BUILDING
871-8660-466.35-14 UTILITIES
Pueblos Apartments
871-8670-466.30-92 PROF -OTHER
871-8670-466.33-10 R/M - BUILDING
871-8670-466.33-11 REPLACEMENT EXPENDITURES
California Villas
871-8680-466.30-92 PROF -OTHER
871-8680-466.33-10 R/M - BUILDING
871-8680-466.40-01 CALIFORNIA VILLAS REHABILITATIO
Taos Palms Apartments
871-8690-466.30-92 PROF -OTHER
871-8690-466.33-11 R/M - BUILDING
871-8690-466.35-14 REPLACEMENT EXPENDITURES
Palm Village Apartments
871-8692-466.30-92 PROF -OTHER
871-8692-466.33-10 R/M - BUILDING
871-8692-466.33-11 REPLACEMENT EXPENDITURES
Candlewood Apartments
871-8693-466.30-92 PROF -OTHER
871-8693-466.33-10 R/M - BUILDING
871-8693-466.33-11 REPLACEMENT EXPENDITURES
La Rocca Villas
871-8694-466.30-92 PROF -OTHER
871-8694-466.33-10 R/M - BUILDING
2,000 (1,075) 925-53.75% Reduced as project is now vacant
19,440 (2,214) 17,226 -11.39% Contract Services -Reduce for Lndscp Cont Svgs
24,277 (529) 23,748 -2.18% Reduce for Tree Pruning Savings
888,931 (500,000) 388,931 -56.25% Reduce for project completion savings
54,444 (3,733) 50,711 -6.86% Contract Services -Reduce for Lndscp Cont Svgs
43,890 (1,322) 42,568 -3.01% Reduce for Tree Pruning Savings
47,500 (14,500) 33,000 -30.53% Reduction on pool decks, no of renovations and roofs
50,016 (3,334) 46,682 -6.67% Contract Services -Reduce for Lndscp Cont Svgs
57,657 (1,057) 56,600 -1.83% Reduce for Tree Pruning Savings
80,100 (6,854) 73,246 -8.56% Contract Services -Reduce for Lndscp Cont Svgs
90,875 (2,379) 88,496 -2.62% Reduce for Tree Pruning Savings
78,800 (25,000) 53,800 -31.73% Reduction $2500 pole light, $5000 metal fence, $5000
renovation, $2500 pool deck & $10,000 cap sheet roof
15,012 (1,619) 13,393 -10.78% Contract Services -Reduce for Lndscp Cont Svgs
36,187 (396) 35,791 -1.09% Reduce for Tree Pruning Savings
50,000 (50,000) 0-100.00% Reduce for Driveway -will reprogram 2010/11
235,500 (34,673) 200,827 -14.72% Contract Services -Reduce for Lndscp/Patrol Svc
335,867 (5,286) 330,581 -1.57% Reduce for Tree Pruning Savings
402,900 (30,704) 372,196 -7.62% Reduce for Waste Mgmt Recycling Savings
15,960 (1,984) 13,976 -12.43% Contract Services -Reduce for Lndscp Cont Svgs
17,963 (264) 17,699 -1.47% Reduce for Tree Pruning Savings
45,700 (10,000) 35,700 -21.88% Reduce for cap sheet roof $5k, renov @ $5k
84,240 (14,080)
50,032 (2,115)
1,582,546 (1,000,000)
70,160 -16.71% Contract Services -Reduce for Lndscp/Patrol Svc
47,917 -4.23% Reduce for Tree Pruning Savings
582,546 -63.19% Reduce for project completion savings
13,740 (1,482) 12,258 -10.79% Contract Services -Reduce for Lndscp Cont Svgs
21,200 (5,198) 16,002 -24.52% Reduce for Tree Pruning Savings/$5k R/M
15,960 (12,000) 3,960 -75.19% Reduce $2k for appliances/$10k for HVAC
13,500 (1,533) 11,967 -11.36% Contract Services -Reduce for Lndscp Cont Svgs
11,650 (264) 11,386 -2.27% Reduce for Tree Pruning Savings
11,700 (5,700) 6,000 -48.72% Reduce AC's $3k, $1.2k water htrs, $1.5k appinc
20,940 (1,592) 19,348 -7.60% Contract Services -Reduce for Lndscp Cont Svgs
32,817 (529) 32,288 -1.61% Reduce for Tree Pruning Savings
45,700 (14,750) 30,950 -32.28% Reduce $10k renov, $2.5k roofs, $2.25k appinc
20,760 (2,367) 18,393 -11.40% Contract Services -Reduce for Lndscp Cont Svgs
12,803 (266) 12,537 -2.08% Reduce for Tree Pruning Savings
12/28/2009
2009-10 Midyear Budget Worksheets & Exhibits.xlsx 1:20 PM
Resolution No.
Exhibit "A"
PALM DESERT HOUSING AUTHORITY
MID -YEAR 2009-2010 BUDGET REVIEW
REVISED APPROPRIATIONS
OPERATING BUDGET
2009-10 2009-10
Account Number Object Original Midyear Revised % Change
Appropriation Adjustment Appropriation @ Midyear
Explanation
Sagecrest Apartments
871-8695-466.30-92 PROF -OTHER
871-8695-466.33-10 R/M - BUILDING
Total Changes to HA Expenditures
30,480 (3,150) 27,330 -10.33% Contract Services -Reduce for Lndscp Cont Svgs
20,720 (3,796) 16,924 -18.32% Reduce for Tree Pruning Savings/$3.4k R/M
4,581,807 (1,765,745) 2,816,062
2009-10 Midyear Budget Worksheets & Exhibits.xlsx
12/28/2009
1:20 PM
Resolution No.
Exhibit "B"
PALM DESERT REDEVELOPMENT AGENCY
MID -YEAR 2009-2010 BUDGET REVIEW
REVISED APPROPRIATIONS
OPERATING BUDGET
Account Number
Object
Original
Estimated
Revenues
Midyear
Adjustment
Revised
Estimated
Revenues
% Change
@ Midyear
Explanation
871-8610-363-2000
871-8650-363-2000
871-8660-363-2000
871-8680-363-2000
871-8690-363-2000
871-8695-363-2000
RENT-LAGUNA PALMS
RENT -NEIGHBORS GARDEN
RENT -ONE QUAIL PLACE
RENT-CALIFORNIA VILLAS
RENT-TAOS PALMS
RENT-SAGECREST
Total Changes to HA Revenue
236,441
118,316
2,334,450
726,164
53,102
87,532
3,556,005
(17,435)
(15,950)
(143,286)
(10,920)
(19,973)
(5,700)
(213,264)
219,006
102,366
2,191,164
715,244
33,129
81,832
3,342,741
-7.37% VUL-12 units below stip in 55-120% levels
-13.48% VL-11 units below stip in 55-120% levels
-6.14% VUL-44 units below stip in 55-120% levels
-1.50% VL-55 units below stip in 55-120% levels
-37.61 % Vacancies -Due to Renovation
-6.51 % Vacancies -Due to Relocation @ Original
12/28/2009
2009-10 Midyear Budget Worksheets & Exhibits.xlsx 1:20 PM