HomeMy WebLinkAboutHA Resolution 2005-01
WHEAT RIDGE HOUSING AUTHORITY
RESOLUTION NO. 01
Series of 2005
ORIGINAL
TITLE:
A RESOLUTION ENACTING A BUDGET AND
APPROPRIATION FOR THE YEAR 2006.
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 2006 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
November 30,2005.
THEREFORE, BE IT RESOLVED by the Wheat Ridge Housing Authority as follows:
Section 1. The year 2006 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 30th day of
November ,2005.
WHEAT RIDGE HOUSING AUTHORITY
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ATTEST:
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Secretary to the- Authoritf ~ -
\\srv-ci-eng-002\users$\awhite\All Files\HOUSING AUTHORITY\2006 budget res.doc
Wheat Ridge Housing Authority 11-30-05
Proposed Budget
2006
Unaudited Proposed
Unaudited 2004 Projected >0'" 2006
2004 Budget 2005 Budget BUdg&t
Ordln"'!YlncomeJExpense
Income
500.Sft/"ofUnlts 765,481 1,011,000 242,000 1,328,000 1,215,000
SSO-Rent 13,606 10,000 13,414 10,000 10,000
535-lnterestlncome '" 1,500 '" 1,500 1,000
549'M1scellaneoUSlncom.. 000 '" 000
Total Income 779,686 1,023,000 256,359 1,340,000 1,226,500
Cost of Goods Sold
551'BeglnnlngCostofUnlts 773,665 676,175 770,309 774,801 963,707
55S-PurchaseofUnlls 545,000 118,500 600,000
564 ' COBa arllllt 0 -75,000 -150,000
SummaryRehabllitBtlonCosts 145,508 370,681 400,000 400,000
599 'Ending Cost of Unlls -770,309 -963,707 -850,000
TotlllCOaS 693,864 876,175 220,783 1,174,801 963,707
arossProllt 85,822 146,825 35,576 165,199 262,793
Expense
700 ' Selling Costs '" 1,057 ", 1,388 3,525
704' BU)'IIrlncentlves 8,570 11,319 4,469 14,868 22,437
70s-Closing Costs 3,753 4,957 1,993 6,511 10,006
710 'CommissIons 34,493 45,556 11,616 59,840 58,320
750 'Accounting & Legal 7,835 10,000 8,000 10,000 9,000
762' Bllllk Ch....gBS 25 '" " '" 00
Tl1,CltyRelmbursement 3,125 3,000 6,000 3,000 6,000
775-Conference&MeetlngExpense '00 '" '" '" '"
TT7' ContrlJCt Services 0
787, DUBS, Books & SUbscriptions 500 00 '" '"
802,a....denlng&Mlllntenllllce 5,027 1,500 1,159 1,500 1,500
804' Homeowners Assocllrtlon Dues 1,200 2.000 1,927 2,000 2,000
807- Insurelfice 3,260
'25' OfflceSupplles , 250 '" 250 ""
"" Postage " 250 " 250 '"
833, Printing & Copies '" '"
843' Replllrs 4,952 1,500 '" 1,500 1,500
SS3-SUpplles 1,296 "" 250 "0
SS7-TlDCes-RelllEstete ,,, 1,000 " 1,000 1,000
865 'Trosh Removel '" 250 '" 250 '"
872' Utilities 5,200 1,500 1,765 1,500 2,000
TotlllExpense 80,508 85,988 39,164 105,707 119,438
Nllt Ordlnery Income 5,314 60,837 -3,588 59,492 143,355
O1berlncomelExpense
other Expense
910-lnterestExpense 00 1.200 1,200
Totll101bllrExpense 00 1.200 1,200
NetOlhllrlncomeJExpensll ,00 -1,200 '1,200
Net Income 5,254 59,837 -3,588 58,292 143,355
BeginnIng fund Balllllce 1,121,522 1,113,603 1,126,776 1,123,188 1,123,188
Ending fund Balllllce 1,126,776 1,173,240 1,123,188 1,181,480 1,266,543