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:
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.
Backqround
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
Description
129,433,425
2009-2010 Financial Plan
Brought forward from 2008-09 Plan for continuing projects
73,597,361
(including Encumbrances)
Added to Original Budget during the year for property
2,298,396
acquisition and contracts from 7-1 a through 12/22/09
Total 2009-2010 Budget, 2008-2009 Carryovers and
205,329,181
Additional Appropriations from 7-1.09 to 12-22-09
Increase to total budget for SERAF and Pass-Thru's offset
25,713,332
by reductions to admin/programs
Total 2009-2010 Budget including mid -year
adjustments, additional appropriations and 2008-2009
231,042,514
Carryovers
The following details the adjustments to all administrative, capital, and program/project accounts.
Project
Project
Project
Project Housing
Housing
Area 1
Area 2
Area 3
Area 4 Set -Aside
Authority
Administration
OFFICE SUPPLIES
(1,000)
(500)
SPLY-PHOTO/GRAPHIC ARTS
(500)
PROF -LEGAL (LITIGATION)
(5,000)
(15,000)
PROF -ACCOUNTING & AUDIT
(5,000)
PROF -TEMPORARY HELP
(500)
PROF -OTHER
20,000
PROF -OTHER
-
(78,615)
CONFERENCE/SEMINARS
(5,000)
(5,000)
(750)
LOCAL MEETINGS
(3,500)
(500)
(250)
REQ. LEGAL ADVERTISING
(1,000)
(1,000)
(4,000)
(750) (1,250)
R/M-OTHER EQUIPMENT
(19,278)
REPLACEMENT EXPENDITURES
(87,148)
UTILITIES
-
(30,704)
PRINTING / DUPLICATING
(5,000)
(500)
SUBSCRIPTIONS/PUBLICATION
(10,000)
(200)
DUES
(20,000)
(250)
POSTAGE & FREIGHT
(1,000)
Total Administration
(36,500)
(21,500)
(4,000)
(750) (4,700)
(215,745)
Program Funding
COURTESY CARTS
(15,000)
BUSINESS RETENTION PROGRAM
(18,000)
SELF HELP HOUSING (14 UNITS)
(200,000)
ACUREHAB/RSL HOME IMP PG
500,000
HOME IMPR PRIG COMP 1 TO 6
(200,000)
MORTGAGE ASSISTANCE
(10,000)
HOME BUYER ASSISTANCE
(150,000)
Total Programs
(33,000)
-
- (60,000)
-
G.\RDA\VERONICA TAPIA\2009-10 MIDYEAR BUDGET ADJUSTMENTS\2009-10 MIDYEAR 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
Project
Project
Project
Project
Housing
Housing
Area 1
Area 2
Area 3
Area 4
Set -Aside
Authority
Capital Projects
HA CAPITAL IMPROVEMENTS
_
(1,550,000)
Total Capital Projects
-
-
-
(1,550,000)
Debt Service
PASS-THRU PAYMNT TO AGNC
856,406
(121,431)
231,427
188,871
PROF -OTHER ADMINISTRATION
(5,000)
TR OUT TI UM SET -ASIDE
532,634
(6,298)
109,278
102,427
INTERFUND OP TR OUT
-
225,000
Total Debt Service
1,384,040
(127,729)
340,705
291,298
225,000
-
Total Adjustments
1,314,540
(149,229)
336,705
290,548
160,300
(1,765,745)
CA STATE SERAF PAYMENT
15, 386, 631
5,374,282
1,036,368
3,728,934
Adjustments including SERAF
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:
Visitor's
Center
Marketing
Special Events
Description
Original 2009-2010 Budget:
704,236
1,113,210
1,412,453
2009-2010 Financial Plan
2008-2009 Budget Carryovers:
-
-
-
Brought forward from 2008-09 Plan
Additional 2009.2010
Added to Original Budget during the year from 7-
Appropriations:
-
-
1 a through 12/22/09
Recommended Mid -Year 2009-
2010 Budget Adjustment:
(8,000)
(176,575)
(178,000)
Reduction to Department Budget
Total 2009-10 Budget including mid -year
adjustments (there are no 2008-2009
Revised 2009.2010 Budget:
696,236
936,635
1,234,453
carryovers in these budgets)
Revenue:
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
$2,053,799
Project Area No. 2
( 258,045)
Project Area No. 3
493,948
Project Area No. 4
352,144
Staff also recommends a corresponding adjustment to the projected Housing Set -Aside deposit
of $738,040.
G:\RDA\VERONICATAPIA\2009-10 MIDYEAR BUDGET ADJUSTMENTS\2009-10 MIDYEAR BUDGET ADJUSTMENT STAFF REPORT.DOC
Staff Report
Adoption of Resolutions of the Redevelopment Agency/Housing Authority amending their
Fiscal Year 2009-10 Budgets
April 8, 2010
Page 4 of 4
Finally, staff anticipates a decrease to rental income in the amount of ($ 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.
Sub 'tted by:
Veronica Tapia, Redevelop ent Accountant
Approval:
- 7 / - lei,
J in McCarthy, ACM for evelopment
Gib_son, Director of Finance
M. Wohlmuth, Executive Director
Department Head:
"a�rieeMoore, Director of Housing
/ I . BY RDA 5- C
ON °V. �lG
VERIFIED BY &K finC l-)
-J
Original on file with tasty GiCirk's Office
,- i-iOUSG AU-
1-H -C'
VERIFIED BY:.2��
Original on file with City Clerk's 0ffic,
G:\RDA\VERONICATAPIAX2009-10 MIDYEAR BUDGET ADJUSTMENTS\2009-10 MIDYEAR 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:
ATTEST:
Rachelle D. Klassen, Secretary
Cindy Finerty, Chairperson
G Vda\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
850-4121-466.30-16
PROF -LEGAL (LITIGATION)
15,000
(5,000)
10,000
-33.33% Reduce for current FY-Reprogram in 2010/11
8504195466.21-10
OFFICE SUPPLIES
2,500
(1,000)
1,500
40.00% Reduce for current FY-Reprogram in 2010/11
850-4195-466.21-85
SPLY-PHOTO/GRAPHIC ARTS
1,000
(500)
500
-50.00% Reduce for current FY-Reprogram in 2010/11
850-4195466.30-20
PROF -ACCOUNTING & AUDIT
15,000
(5,000)
10,000
-33.33% Reduce for current FY-Reprogram in 2010/12
8504195-466.30-35
PROF -TEMPORARY HELP
1,000
(500)
500
-50.00% Reduce for current FY-Reprogram in 2010/13
8504195-466.30-92
PROF -OTHER
52,652
(10,000)
42,652
-18.99% Reduce for current FY-Reprogram in 2010/14
850-4195-466.31-20
CONFERENCE/SEMINARS
25,000
(5,000)
20,000
-20.00% $10,000 for CM's office
8504195-466.31-25
LOCAL MEETINGS
7,000
(3,500)
3,500
-50.00% Reduce for current FY-Reprogram in 2010/11
850-4195466.32-10
REQ. LEGAL ADVERTISING
2,500
(1,000)
1,500
-40.00%Reduce for AcutalPublic Notices
850-4195466.36-10
PRINTING / DUPLICATING
10,000
(5,000)
5,000
-50.00% Reduce for current FY-Reprogram in 2010/11
850-4195466.36-20
SUBSCRIPTIONS/PUBLICATION
12,000
(10,000)
2,000
-83.33% Reduce for current FY-Reprogram in 2010/11
850-4416-414.36-81
COURTESY CARTS
240,000
(15,000)
225,000
-6.25% Reduce budget by contingency (unallowed)
Reduce budget for elim of Co-Star/PS Life pd
850-4430-422.30-90
PROF -OTHER
16,000
(10,000)
6,000
-62.50% from Printing Budget
850-4430-422.36-30
DUES
15,000
(5,000)
10,000
-33.33% Reduced dues for CVEP for 09-10
850-4430422.39-11
BUSINESS RETENTION PROGRAM
28,000
(18,000)
10,000
-64.29% Reduce for current FY-Reprogram in 2010/11
Inc for New Loans -(Title Reports)100@ 360/pp -
850-4511-442.30-90
PROFESSIONAL SERVICES
13,000
40,000
53,000
307.69% expense is offset by equal reimb to Fund 237
850-4511-442.36-30
DUES
36,000
(15,000)
21,000
-41.67% Reduce dues budget for Aspen Accord
851-4121466,30-15
PROF -LEGAL
30,000
(15,000)
15,000
-50.00% Reduce for current FY-Reprogram in 2010/11
851-4195466,31-20
CONFERENCE/SEMINARS
10,000
(5,000)
5,000
-50.00% Reduce for current FY-Reprogram in 2010/11
851-4195-466.31-25
LOCAL MEETINGS
1,500
(500)
1,000
-33.33% Reduce for current FY-Reprogram in 2010/11
851-4195466.32-10
REQ. LEGAL ADVERTISING
2,000
(1,000)
1,000
-50.00% Reduce for Actual Public Notices
8534195466.32-10
REQ. LEGAL ADVERTISING
5,000
(4,000)
1,000
-80.00% Reduce for Actual Public Notices
854-4195-466.32-10
REQ. LEGAL ADVERTISING
1,500
(750)
750
-50.00% Reduce for Actual Public Notices
Total Adjustments to Capital Budgets
541,652
(95,750)
445,902
860-4195-466.30-90
PROF -OTHER ADMINISTRATION
25,000
(5,000)
20,000
-20.00% Disclosure Reports/Trustee Fees/Arb Calc's
860-4195-466.36-47
PASS-THRU PAYMNT TO AGNC
19,173,023
856,406
20,029,429
4.47% Based on increase in Tax Increment Budget
860-4195-466.3649
CA STATE ERAF PAYMENT
-
15,386,631
15,386,631
100.00% SERAF obligation as provided by State
860-4199-499.50-90
TR OUT TI L/M SET -ASIDE
9,646,537
532,634
10,179,171
5.52% Based on increase in Tax Increment Budget
8614195-466.36-47
PASS-THRU PAYMNT TO AGNC
7,675,103
(121,431)
7,553,672
-1.58% Based on decrease in Tax Increment Budget
861-4195466.36-49
CA STATE ERAF PAYMENT
-
5,374,282
5,374,282
100.00% SERAF obligation as provided by State
861A199-499.50-90
TR OUT TI UM SET -ASIDE
3,630,484
(6,298)
3,624,186
-0.17% Based on decrease in Tax Increment Budget
863-4195466.3647
PASS-THRU PAYMNT TO AGNC
2,076,429
231,427
2,307,856
11.15% Based on increase in Tax Increment Budget
8634195-466.3649
CA STATE ERAF PAYMENT
-
1,036,368
1,036,368
100.00% SERAF obligation as provided by State
863-4199499.50-90
TR OUT TI UM SET -ASIDE
829,552
109,278
938,830
13.17% Based on increase in Tax Increment Budget
864-4195-466.36-47
PASS-THRU PAYMNT TO AGNC
6,743,578
188,871
6,932,449
2.80% Based on increase in Tax Increment Budget
864-4195-466.3649
CA STATE ERAF PAYMENT
-
3,728,934
3,728,934
100.00% SERAF obligation as provided by State
864-4199-499.50-90
TR OUT TI UM SET -ASIDE
2,514,640
102,427
2,617,067
4.07% Based on increase in Tax Increment Budget
Total
Adjustments to Debt Service Budgets
52,314,346
27,414,528
79,728,874
870-4195-466.21-10
OFFICE SUPPLIES
1,000
(500)
500
-50.00% Reduce for current FY-Reprogram in 2010111
870-4195-466.31-20
CONFERENCE/SEMINARS
2,500
(750)
1,750
-30.00% Reduce for current FY-Reprogram in 2010111
870-4195-466.31-25
LOCAL MEETINGS
1,000
(250)
750
-25.00% Reduce for current FY-Reprogram in 2010/11
870-4195-466.32-10
REQ, LEGAL ADVERTISING
2,500
(1,250)
1,250
-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
870-4195-466.36-10
PRINTING I DUPLICATING
1,500
(500)
1,000
870-4195-466.36-20
SUBSCRIPTIONS/PUBLICATION
1,800
(200)
1,600
870-4195-466.36-30
DUES
1,000
(250)
750
870-4195-466.36-60
POSTAGE & FREIGHT
4,000
(1,000)
3,000
870-4199-499.50-10
INTERFUND OF TR OUT
-
225,000
225,000
870-4474-464.40-01
SELF HELP HOUSING (14 UNITS)
200,000
(200,000)
-
870-4492-464.40-01
ACQIREHABIRSL HOME IMP PG
555,500
500,000
1,055,500
870-4493-464.40-01
HOME IMPR PRG COMP 1 TO 6
884,749
(200,000)
684,749
870-4689-464.40-01
MORTGAGE ASSISTANCE
10,000
(10,000)
-
870-4699-464.40-01
HOME BUYER ASSISTANCE
615,701
(150,000)
465,701
Total Adjustments to Housing Set -Aside Budgets
2,281,250
160,300
2,441,550
Total Adjustments to RDA Expenditures 55,137,248 27,479,078 82,616,326
-33.33% Reduce for current FY-Reprogram in 2010I11
-11.11% Reduce for current FY-Reprogram in 2010I11
-25.00% Reduce for current FY-Reprogram in 2010I11
-25.00% Reduce for current FY-Reprogram in 2010I11
#DIVIO! Reimbursement to Agency for County Admin Chg
-100.00% Reduce for delay of project -Reprogram 2010I11
90.01 % Acquisition of New or DRIFC homes
-22.61 % Reduce for current FY
-100.00% Reduce for delay of project -will be added to 10I11
-24.36% Silent 2nd Loans -reduce for market conditions
12/29/2009
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
860-0000-317-1000
TAX INCREMENT PA 1 ORIGINAL
8,977,568
598,837
9,576,405
6.67% Decrease in AV Less than Anticipated
860-0000-317-1100
TAX INCREMENT PA 1 ANNEX
39,255,119
1,454,962
40,710,081
3.71% Decrease in AV Less than Anticipated
861-0000-317-1000
TAX INCREMENT PA 2
18,152,420
(258,045)
17,894,375
-1.42% Decrease in Assessed Value
863-0000-317-1000
TAX INCREMENT PA 3
4,147,762
493,948
4,641,710
11.91% Decrease in AV Less than Anticipated
864-0000-317-1000
TAX INCREMENT PA 4
12,573,199
352,144
12,925,343
2.80% Decrease in AV Less than Anticipated
870-0000-391-1011
TAX INCREMENT 20%-PA 1
9,646,537
532,634
10,179,171
5.52% Decrease in AV Less than Anticipated
870-0000-391-1012
TAX INCREMENT 20%-PA 2
3,630,484
(6,298)
3,624,186
-0.17% Decrease in Assessed Value
870-0000-391-1013
TAX INCREMENT 20%-PA 3
829,552
109,278
938,830
13.17% Decrease in AV Less than Anticipated
870-0000-391-1014
TAX INCREMENT 20%-PA 4
2,514,640
102,427
2,617,067
4.07% Decrease in AV Less than Anticipated
Total Changes to RDA Revenue
99,727,281
3,379,886
103,107,167
12/28/2009
2009-10 Midyear Budget Worksheets & Exhibits.xlsx 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:
ATTEST:
Rachelle D. Klassen, Secretary
Cindy Finerty, Chairperson
G \rdaWeronica 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
871-4195-466.33-70
R/M-OTHER EQUIPMENT
2,000
(1,075)
925
-53.75% Reduced as project is now vacant
Laguna Palms Apartments
871-8610-466.30-92
PROF -OTHER
19,440
(2,214)
17,226
-11.39% Contract Services -Reduce for Lndscp Cont Svgs
871-8610-466.33-10
R/M - BUILDING
24,277
(529)
23,748
-2.18% Reduce for Tree Pruning Savings
871-8610-466.40-01
LAGUNA PALMS REHABILITATION
888,931
(500,000)
388,931
-56.25% Reduce for project completion savings
Catalina Garden Apartments
871-8620-466.30-92
PROF -OTHER
54,444
(3,733)
50,711
-6.86% Contract Services -Reduce for Lndscp Cont Svgs
871-8620-466.33-10
R/M - BUILDING
43,890
(1,322)
42,568
-3.01% Reduce for Tree Pruning Savings
871-8620-466.33-11
REPLACEMENT EXPENDITURES
47,500
(14,500)
33,000
-30.53% Reduction on pool decks, no of renovations and roofs
Desert Pointe Apartments
871-8630-466.30-92
PROF -OTHER
50,016
(3,334)
46,682
-6.67% Contract Services -Reduce for Lndscp Cont Svgs
871-8630-466.33-10
R/M - BUILDING
57,657
(1,057)
56,600
-1.83% Reduce for Tree Pruning Savings
Las Serenas Apartments
871-8640-466.30-92
PROF -OTHER
80,100
(6,854)
73,246
-8.56% Contract Services -Reduce for Lndscp Cont Svgs
871-8640-466.33-10
R/M - BUILDING
90,875
(2,379)
88,496
-2.62% Reduce for Tree Pruning Savings
871-8640-466.33-11
REPLACEMENT EXPENDITURES
78,800
(25,000)
53,800
-31.73% Reduction $2500 pole light, $5000 metal fence, $5000
Neighbors Apartments
renovation, $2500 pool deck & $10,000 cap sheet roof
871-8650-466.30-92
PROF -OTHER
15,012
(1,619)
13,393
-10.78% Contract Services -Reduce for Lndscp Cont Svgs
871-8650-466.33-10
R/M - BUILDING
36,187
(396)
35,791
-1.09% Reduce for Tree Pruning Savings
871-8650-466.40-50
CAPITAL IMPROVEMENTS
50,000
(50,000)
0
-100.00% Reduce for Driveway -will reprogram 2010/11
One Quail Place Apartments
871-8660-466.30-92
PROF -OTHER
235,500
(34,673)
200,827
-14.72% Contract Services -Reduce for Lndscp/Patrol Svc
871-8660-466.33-10
R/M - BUILDING
335,867
(5,286)
330,581
-1.57% Reduce for Tree Pruning Savings
871-8660-466.35-14
UTILITIES
402,900
(30,704)
372,196
-7.62% Reduce for Waste Mgmt Recycling Savings
Pueblos Apartments
871-8670-466.30-92
PROF -OTHER
15,960
(1,984)
13,976
-12.43% Contract Services -Reduce for Lndscp Cont Svgs
871-8670-466.33-10
R/M - BUILDING
17,963
(264)
17,699
-1.47% Reduce for Tree Pruning Savings
871-8670466.33-11
REPLACEMENT EXPENDITURES
45,700
(10,000)
35,700
-21.88% Reduce for cap sheet roof $5k, renov @ $51k
California Villas
871-8680-466.30-92
PROF -OTHER
84,240
(14,080)
70,160
-16.71% Contract Services -Reduce for Lndscp/Patrol Svc
871-8680466.33-10
R/M - BUILDING
50,032
(2,115)
47,917
-4.23% Reduce for Tree Pruning Savings
871-8680466.40-01
CALIFORNIA VILLAS REHABILITATIO
1,582,546
(1,000,000)
582,546
-63.19% Reduce for project completion savings
Taos Palms Apartments
871-8690-466.30-92
PROF -OTHER
13,740
(1,482)
12,258
-10.79% Contract Services -Reduce for Lndscp Cont Svgs
871-8690466.33-11
R/M - BUILDING
21,200
(5,198)
16,002
-24.52% Reduce for Tree Pruning Savings/$5k R/M
871-8690466.35-14
REPLACEMENT EXPENDITURES
15,960
(12,000)
3,960
-75.19% Reduce $2k for appliances/$10k for HVAC
Palm Village Apartments
871-8692-466.30-92
PROF -OTHER
13,500
(1,533)
11,967
-11.36% Contract Services -Reduce for Lndscp Cont Svgs
871-8692466.33-10
R/M - BUILDING
11,650
(264)
11,386
-2.27% Reduce for Tree Pruning Savings
871-8692466.33-11
REPLACEMENT EXPENDITURES
11,700
(5,700)
6,000
A8.72% Reduce AC's $3k, $1.2k water htrs, $1.5k appinc
Candlewood Apartments
871-8693-466.30-92
PROF -OTHER
20,940
(1,592)
19,348
-7.60% Contract Services -Reduce for Lndscp Cont Svgs
871-8693A66.33-10
R/M - BUILDING
32,817
(529)
32,288
-1.61% Reduce for Tree Pruning Savings
871-8693-466.33-11
REPLACEMENT EXPENDITURES
45,700
(14,750)
30,950
-32.28% Reduce $10k renov, $2.5k roofs, $2.25k appinc
La Rocca Villas
871-8694-466.30-92
PROF -OTHER
20,760
(2,367)
18,393
-11.40% Contract Services -Reduce for Lndscp Cont Svgs
871-8694-466.33-10
R/M - BUILDING
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
Sagecrest Apartments
871-8695466.30-92 PROF -OTHER 30,480 (3,150) 27,330-10.33% Contract Services -Reduce for Lndscp Cont Svgs
871-8695466.33-10 R/M - BUILDING 20,720 (3,796) 16,924-18.32% Reduce for Tree Pruning Savings/$3.4k R/M
Total Changes to HA Expenditures 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
871-8610-363-2000
RENT-LAGUNA PALMS
236,441
(17,435)
219,006
-7.37% VUL-12 units below stip in 55-120% levels
871-8650-363-2000
RENT -NEIGHBORS GARDEN
118,316
(15,950)
102,366
-13.48% VL-11 units below stip in 55-120% levels
871-8660-363-2000
RENT -ONE QUAIL PLACE
2,334,450
(143,286)
2,191,164
-6.14% VUL-44 units below stip in 55-120% levels
871-8680-363-2000
RENT-CALIFORNIA VILLAS
726,164
(10,920)
715,244
-1.50% VL-55 units below stip in 55-120% levels
871-8690-363-2000
RENT-TAOS PALMS
53,102
(19,973)
33,129
-37.61% Vacancies -Due to Renovation
871-8695-363-2000
RENT-SAGECREST
87,532
(5,700)
81,832
-6.51% Vacancies -Due to Relocation @ Original
Total Changes to HA Revenue
3,556,005
(213,264)
3,342,741
12/28/2009
2009-10 Midyear Budget Worksheets & Exhibits.xlsx 1:20 PM