HomeMy WebLinkAboutHA Resolution 2006-01
WHEAT RIDGE HOUSING AUTHORITY
RESOLUTION NO. 01
Series of 2006
ORrGINAL
TITLE:
A RESOLUTION ENACTING A BUDGET AND
APPROPRIATION FOR THE YEAR 2007
WHEREAS, C.R.S. 29-1-103 (I) 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 2007 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 2007 by the Authority on
November 15, 2006.
THEREFORE, BE IT RESOLVED by the Wheat Ridge Housing Authority as follows:
Section I. The year 2007 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 shaH be filed with the Division of Local
Government.
ADOPTED the I~ day of 71.A-1',.&,j-<-<;-2006.
WHEAT RIDGE HOUSING AUTHORITY
C~~~~
ATTEST:
i/~d~
Secretary to the Authority
Wheat Ridge Housing Authority 11-14-06
Proposed Budget
2006
UnaudllBd Proposod
'"" Projected '"" '""
'00' Budget 2006 Budget Budget
Ordlnarylncoma/EXpoose
Incomo
500'Sal..ofUnlts 242,000 1,328.000 en,BOO 1,215,000 UXlO,OOO
530.Renl 13.414 10,000 7,500 10,000 10,000
535.lnlarestlncomo "2 1,500 2,500 1,000 5.000
54$'MlscGllaneouslm:orno 500 , '00 00'
Totllllncomll 256,366 1.340,000 987,600 1,226,500 1,015,500
Cosl of Goods Sold
'" . Beginning Cost of Unlls 220,783 774,801 1,010,571 963,707 480,370
5S5'PurdlasllofUnlts 118,500 234,000 600,000 600,000
564, COBG Gl'lInt -75,000 -150,000 -150,000 -75,000
Suml11llryR..habllllallonC05Is 342,311 400,000 80,000 400,000 400,000
599 'Ending CostofUnl1s -461,144 -480,370 .1,000,000 -600,000
Total COGS 145,450 1,174,801 594,301 813,707 805,370
Gross-Profit 110,915 165,199 293,499 412,793 210,130
...-.
700'SoIlIngCosls '" 1,368 2,539 3,525 2,597
704'Buyurlncenllvas 4,469 14,868 30,463 22.437 31,155
705'CloslngCosls 1,993 5,511 5,517 10,006 5,745
710.Corrrnlsslons 11,616 59,840 40,450 "'" 41,368
750'Accounllng&Leglll 6,700 1Cl,Cloo 8,000 9,000 9,000
762'BankChlll'gas " 100 24 " 00
771'CltyRelmbursumool 2.= 3,000 4,000 6,000 6,000
775,Conf....en<::fl&MeellngExpens.. 100 '00 '" '00 '00
m'ConlTac:tServlces 0 1,500
7fr1'DulIS,Books&Subso:::r1pllons 60 '00 60 '00 500
802'Gardenlng&Malnl..nance 1,495 1,500 2,551 1,500 2,500
804, Homeowners Assoclallon Du.... 1,927 2,000 3,000 2,000 2,ooCl
807.lnsurance , 0 5,956 0
825.0fllceSuppU.... " 200 116 200 '"
832'Poslag.. 28 '00 33 100 100
833'Prlnllng&Coples 500 0
Il43'Repalrs 879 1,500 4,000 1,500 1,500
853.Supplles 200 200 '00
851-TllXos-ReaIEstaI.. 33 1,000 0 1,000 1,000
865, Trll5h Rumoval 307 '00 400 '00 500
872.Ulillllos 1,185 1,500 2,5OCl 2,000 2,000
TOlalExp"nse 34,631 105,707 111,452 119,438 107,014
Nel Ordinary Income 76,285 59.492 182,047 293,355 103,116
OIh....lncomelExpense
Other Expense
910'lnlweslExpens" 1,200 0
Total Other Expense 1,200
Net Olher IncomalEXpense -1,200
Netlncom.. 71;,285 58,292 182,041 293,355 103,116
B..glnnlng Fund Balance 1.121,522 1,123,188 1,203,063 1,385,110 1,385,110
Ending Fund Balancll 1,1S7,807 1,181,480 1,385,110 1,678,485 1,488,226