HomeMy WebLinkAboutResolution 02-2018WHEAT RIDGE HOUSING AUTHORITY
RESOLUTION NO. 02
Series of 2018
TITLE: A RESOLUTION ENACTING A BUDGET AND
APPROPRIATION FOR THE YEAR 2018
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 2018 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 2018 by
the Authority on February 27, 2018.
NOW, THEREFORE, BE IT RESOLVED by the Wheat Ridge Housing Authority
as follows:
Section 1. The year 2018 budget as shown on Exhibit 1 attached hereto is hereby
approved.
Section 2. Total expenditures of the Authority do not exceed available revenues and
beginning fund balance.
Section 3. A certified copy of this resolution shall be filed with the Division of Local
Government.
ADOPTED this day of , 2018.
air, Housing Authority
ATTEST:
Secretary t uthority
Wheat Ridge Housing Authority
Proposed Budget
2018
02/23/2018
Unaudited
Proposed
Actual
Actual
2017
2018
2016
2017
Budget
Budget
Ordinary Income/Expense
Income
500 • Sale of Units
0
0
0
0
535 • Interest Income
675
335
0
15
545 - Historic Grant
0
0
0
0
Total Income
675
335
0
15
Cost of Goods Sold
551 • Beginning Cost of Units
0
0
0
0
555 • Purchase of Units
0
0
0
0
Summary Rehabilitation Costs
2,604
0
0
0
599 • Ending Cost of Units
-2,604
0
0
0
Total COGS
0
0
0
0
Gross Profit
675
335
0
15
Expense
702 - Advertising
0
0
0
704 • Buyer Incentives
0
0
0
0
705 • Closing Costs
250
0
0
0
710 • Commissions
0
0
0
0
750 • Accounting & Legal
6,200
3,000
6,500
3,500
750 • Fruitdate Survey/entitlements
0
0
751 • Fruitdate EPS (Ecnomic & Planning System)
0
0
762 • Bank Charges
122
257
0
250
771 • City Reimbursement
17,664
0
2,400
2,376
775 • Conference & Meeting Exl
21
0
0
0
787 • Dues, Books & Subscripti
0
0
0
802 • Gardening & Maintenance
2,040
0
0
0
820 - Miscellaneous
0
0
0
825 • Office Supplies
30
0
0
0
832 • Postage
0
0
0
843 • Repairs
200
0
0
0
857 - Taxes - Real Estate
0
0
0
872 • Utilities
0
0
0
0
Total Expense
26,526
3,257
8,900
6,126
Net Ordinary Income
-25,851
-2,922
-8,900
-6,111
Other Income/Expense
Other Income
564 • CDBG Grant (refund)
0
0
Other(Expense)
925 - Loss on Property Sale
269,341
0
930 - CDBG Funds Return
0
0
Total Other Expense
269,341
0
0
0
Net Other Income/Expense
-269,341
0
0
0
Net Income
-295,192
-2,922
-8,900
-6,111
Beginning Fund Balance
897,021
601,829
601,829
598,907
Ending Fund Balance
601,829
598,907
592,929
592,796
Restricted Fund - Fruitdale
570,000
570,000
Unrestricted Fund
28,907
22,796
Ending Fund Balanace
598,907
592,796
2018
02/23/2018