HomeMy WebLinkAboutHA Resolution 2004-01
OR\G\NAL
WHEAT RIDGE HOUSING AUTHORITY
RESOLUTION NO. 01
Series of 2004
TITLE:
A RESOLUTION ENACTING A BUDGET AND
APPROPRlATION FOR THE YEAR 2005.
WHEREAS, C.R.S. 29-1-103 (1) of the "Local Government Budget Law of Colorado" requires
certain local governmental entities to prepare and adopt an annual budget; and
WHEREAS, the City Attorney has opined that the provisions of the Budget Law apply to the
Authority; and
WHEREAS, notice of adoption of this 2005 budget and appropriation was given by the Housing
Authority in compliance with c.R.S. 29-1-106; and
. WHEREAS, in compliance with the provisions of the Budget Law regarding notice, objections,
and hearing, a public hearing was held on this Budget and Appropriation for 2005 by the Authority on
December 1, 2004.
THEREFORE, BE 1T RESOLVED by the Wbeat Ridge Housing Authority as follows:
Section 1. The year 2005 budget as shown on Exhibit 1 attached hereto is hereby approved.
Section 2. Sources of revenue for the Authority are sales of units rehabilitated by the Authority,
Community Development Block Grant funds, and interest earned.
Section 3. Total expenditures of the Authority do not exceed available revenues and beginning
fund balance.
Section 4. A certified copy of this resolution shall be filed with the Division of Local
Government.
ADOPTED the ~ day of December, 2004.
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T RIDGE URBl..N RENf::W:.L AUTHORITY
ATTEST: V
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Secretary to the AuthO~
\\srv-ci-eng-001\users\awhite\AU Files\HOUSING AUTHORITY\2005 budget res.doc
EXHIBIT 1
01120/04
Wheat Ridge Housing Authority
Proposed Budget
2006
OrdinarylncomelExpenSB
Income
500. Sale of Units
530'Rellt
535. Interest Income
549-Miscellaneouslncome
Total Income
Cost of Goods Sold
551 . Beginning Cost of Units
555. PurchssBofUnits
564. COBG Grant
Summa!)' Rehabilitatioll Costs
599. Ending Cost of Units
Total COGS
GrossProlrt
Expense
70Q.SellingCosts
704. Buyer Incentives
705. Closing Costs
710. Commissions
750-Accounting&Legal
762. Bank Charges
771. City Reimbursement
775 ' Conference & Meeting Expense
777, Contract Services
787. Dues, Books&Subscriptions
802. Gardening & Maintenance
804. Homeowners Association Dues
807,Insurance
825. Office Supplies
832. Postage
833- Printing & Copies
843. Repairs
853. Supplies
857. Taxes-Real Estate
865. Trasll Removal
872,utilities
Total Expense
Net Ordinary Income
Otherlncome/Expense
Other Expense
910'lnterestExpense
Total Other Expense
NetOtherlncomelExpense
Net Income
Beginning Fund Balance
Ending Fund Balance
60 1,200 1,200
60 1,200 1,200
-60 -1,200 -1,200
85,201 59,769 58,466
1,121,522 1,113,603 1,206,723
1,206,723 1,173,372 1,265,189
Unaudited
Projected
2004
765,481
10,000
700
o
776,181
773,665
545,000
-75,000
150,000
_774,801
618,864
157,317
700
8,570
3,753
34,493
3,480
18
2,500
150
60
2,000
1,200
5,000
20
50
o
3,000
1,500
262
300
5,000
72,056
85,261
2004
Budget
1,011,000
10,000
1,500
500
1,023,000
876,175
876,175
146,825
925
11,319
4,957
45,556
10,000
100
3,000
500
250
250
500
1,500
250
1,000
250
1,500
85,856
60,969
500
1,500
2,000
Proposed
2005
Budget
U28,000
10,000
1,500
500
1,340,000
774,801
400,000
1,174,801
165,199
1,214
14,868
6,511
59,840
10,000
100
3,000
500
500
1,500
2,000
250
250
500
1,500
250
1,000
250
1,500
105,533
59,666
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