HomeMy WebLinkAboutRes HA-43RESOLUTION 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
CATEGORY/FUND
Housinq Authoritv Fund:
1. Rent fm Apartments/interest
2. Reimbursement/Transfers
Total Housina Authoribi Fund
Actual Budget
Projected
Budget
FY 08-09 FY 09-10
FY 09-10
FY 10-11
4,874,904 5,215,676
5,110,142
4,823,612
2,852,250
-
-
8,067,926
5,110,142
4,823,612
Page 1-23
PALM DESERT HOUSING AUTHORITY APPROPRIATIONS HA-
FOR FISCAL YEAR 2010-2011
Housing Authority FY 2010-2011
5,757,412
TOTAL ALL FUNDS (Includes Transfers Out to Other Funds) 1 242,682 880 1
HOUSING AUTHORITY
CAPITAL IMPROVEMENT PROGRAM
EXISTING PROJECTS IN FISCAL YEAR 2008-09 CONTINUED TO FY 2009-2010
PROJECT TITLE
RDA SR Housinv Fund 870
Workforce Housing Grant
Acquisition, Rehabilitation & Resale
Home Improvement Program
Property Acquisition
Rental Assistance
Home Buyer Subsidies
Home Buyer Assistance
RDA Palm Desert Housing Auth Fund 871
ESTIMATED
PROJECT
TOTAL FOR
LIFE OF
PROJECT
ACCOUNT
NUMBERS
93,209 870-4490-464.39-02
Continuing
870-4492-464.40-01
Continuing
870-4493-464.40-01
Continuing
870-4495-464.40-01
Continuing
870-4688-464.40-01
5,000,000
870-4494-464.39-01
Continuing
870-4699-464.40-01
FUNDING
SOURCES
Housing Fund 870
Housing Fund 870
Housing Fund 870
Housing Fund 870
Housing Fund 870
Housing Fund 870
Housing Fund 870
Exhibit 3
HA - 43
FY 2008-09
to FY09-10
`SEENOTE
60,384
394,789
385,326
2,843,631
566,094
5,000,000
548,704
Laguna Palms Capital
864,765
871-8610-466.40-01
Housing Authority FD 871
864,765
Desert Pointe Replacement
Continuing
871-8630-466.33-11
Housing Authority FD 871
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
1,431,444
Taos Palms Replacement
Continuing
871-8690-466.33-11
Housing Authority FD 871
4,006
Taos Palms Interior Renovation
Continuing
871-8690-466,40-01
Housing Authority FD 871
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
$32,508,039
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