HomeMy WebLinkAboutRes HA-43 RESOLUTION HA- '43
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, 2010 THROUGH JUNE 30, 2011
WHEREAS, the Housing Authority has received and considered the proposed Program
and Financial Plan submitted by the Executive Director on June 24, 2010; 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 2010/2011 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 2010/2011 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 2009-10 Fiscal Year.
The amounts included in this exhibit include all unexpended amounts from purchase
orders and contracts encumbered by June 30, 2010.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm
Desert and Housing Authority held on this 24th day of June, 2010, by the following vote, to
wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
CINDY FINERTY, MAYOR
ATTEST:
RACHELLE KLASSEN, DEPUTY CITY CLERK
CITY OF PALM DESERT, CALIFORNIA
xi
Resolution No. HA-43
PALM DESERT ESTIMATED REVENUES, Exhibit 1
Actual Budget Projected Budget
CATEGORY/ FUND FY 08-09 FY 09-10 FY 09-10 FY 10-11
Housing Authority Fund:
1 Rent fm Apartments/Interest 4,874,904 5,215,676 5,110,142 4,823,612
2. Reimbursement/Transfers 2,852,250
Total Housing Authority Fund 8,067,926 5,110,142 4,823,612
Page 1-23
PALM DESERT HOUSING AUTHORITY Exhibit � HA. �
RITY APPROPRIATIONS
FOR FISCAL YEAR 2010-2011 -
Housing Authority FY 2010-2011
5,757,412
TOTAL ALL FUNDS (Includes Transfers Out to Other Funds) I 242,682,880
HOUSING AUTHORITY
CAPITAL IMPROVEMENT PROGRAM Exhibit3
I EXISTING PROJECTS IN FISCAL YEAR 2008-09 CONTINUED TO FY 2009-2010 HA 43
PROJECT TITLE ESTIMATED ACCOUNT
FUNDING FY 2008-09
PROJECT NUMBERS SOURCES
TOTAL FOR to FY09-10
LIFE OF 'SEE NOTE
PROJECT
RDA SR Housing Fund 870
Workforce Housing Grant 93,209 870-4490-464.39-02 Housing Fund 870 Acquisition,Rehabilitation&Resale Continuing 870-4492-464.40-01 Housing Fund 870 94,789
Home Improvement Program Continuing 870-4493-464.40-01 Housing Fund 870 385,326
Property Acquisition Continuing 870-4495-464.40-01 Housing Fund 870385,3262,843,631
Rental Assistance Continuing 870-4688-464.40-01 Housing Fund 870
Home Buyer Subsidies 5,000,000 870-4494-464.39-01 Housing Fund 870 000,000
Home Buyer Assistance Continuing 870-4699-464.40-01 Housing Fund 870 5,58,704
4 8,704
RDA Palm Desert Housing Auth Fund 871
Laguna Palms Capital 864,765 871-8610-466.40-01 Housing Authority FD 871
Desert Pointe Replacement Continuing 871-8630-466.33-11 Housing Authority FD 871 827,362
27,362
Las Serenas Replacement Continuing 871-8640-466.33-11 Housing Authority FD 871 54,821
One Quail Place Replacement Continuing 871-8660-466.33-11 Housing Authority FD 871 69,630
One Quail Place Capital Improvements 78,677 871-8660-466.40-50 Housing Authority FD 871 78,677
California Villas Rehabilitation 1,431,444 871-8680-466.40-01 Housing Authority FD 871 Taos Palms Replacement Continuing 871-8690-466.33-11 Housing Authority FD 871 1,431,006
Taos Palms Interior Renovation Continuing 871-8690-466.40-01 Housing Authority FD 871 4,442
442
Carlos Ortega Villas 20,000,000 871-8691-466.40-01 Housing Authority FD 871 19,995,879
Candlewood Capital Replacement Continuing 871-8693-466.33-11 Housing Authority FD 871 39,081
Candlewood Capital Improvements Continuing 871-8695-466.40-50 Housing Authority FD 871 143,004
TOTAL EXISTING PROJECTS I +
$32,508,039 I
* NOTE: APPROPRIATIONS AND/OR ENCUMBRANCES FOR REBUDGET/CARRYOVER
FROM FISCAL YEAR 2009-10 TO 2010-11
Continuing appropriations are amounts which have been appropriated in FY 2009-10 and are not expected to be expended by
June 30,2010. 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 30,2010 for appropriations approved by the Housing Authority through the last meeting in
June,2010.
AMOUNTS ARE SUBJECT TO CHANGE DUE TO PROJECTS APPROVED BY COUNCIL PRIOR TO JUNE 30,2010
Note:Above amounts are as of March,2010