HomeMy WebLinkAboutHA Resolution 2008-02WHEAT RIDGE HOUSING AUTHORITY
RESOLUTION NO. 02
Series of 2008
TITLE: A RESOLUTION ENACTING A BUDGET AND
APPROPRIATION FOR THE YEAR 2009
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 2009 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 2009 by the Authority on
November 25, 2008.
THEREFORE, BE IT RESOLVED by the Wheat Ridge Housing Authority as follows:
Section 1. The year 2009 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 ~ ff day of IV&- emAyj , 2008.
WHEAT RIDGE HOUSING AUTHORITY
Chairperso
ATTEST:
Secretary to the Authori
Wheat Ridge Housing Authority
Proposed Budget
Ordinary Income/Expense
Income
500 - Sale of Units
630 - Rent
635 • Interest Income
549 - Miscellaneous Income
Total Income
Cost of Goods Sold
661 - Beginning Cost of Units
565 - Pumham of Unite
Summary Rehabilitation Costs
599 - Ending Cost of Units
Total COGS
Gross Profit
Expense
700 - Selling Costs
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
803 - Grams
804- Homonymous Association Dues
807 - Insurance
820-Miscellaneous
826 -Ogice Supplies
832 - Postage
833. Printing & Copies
843 - Repalm
853 • Supplies
857-Taxes-Real Estate
866 - Trash Removal
872 -Utilities
Total Expense
Net Ordinary Income
Other lncomelExpense
Otherincome
664 - CDBG Grant
Other (Expense)
910 - Interest Expense
Total Other Expense
Net Other IncomelExpense
Net Income
Beginning Fund Balance
Ending Fund Balance
Unaudited
Proposed
2007
Projected
2008
2009
Actual
2008
Budget
Budget
246,900
299,000
1,297,600
560,405
8,395
900
5,000
0
30,160
11,000
12,000
12,000
0
0
500
500
285,455
310,900
1,315,100
572,905
525,081
1,125,800
1,125,167
915,268
735,800
0
0
80,899
99,069
120,000
142,000
-1,125,600
-915,268
-015,372
216,280
309,401
1,245,167
641,896
69,175
1,499
69,933
68,991
2,635
3,406
3,765
5,981
0
0
12,000
12,00
1,588
2,168
10,686
3,604
9,693
14,352
62,285
22,001
6,700
7,00
8,000
8,000
1,165
1,200
1,200
1,200
3,667
5,000
5,000
5,000
75
133
500
500
0
0
60
100
500
500
2,183
4,500
2,500
5,600
300
3,956
1,175
3,600
3,600
1,732
1,942
1,800
1,800
208
588
0
25
250
250
51
10
100
100
0
0
0
0
8,932
8,000
1,500
2,500
0
65
250
250
173
0
1,000
11000
0
0
500
500
2,886
6,000
3,000
5,000
45,704
55,%4
118,436
79,386
23,471
54,465
-08,503
-148,377
187,500
0
75,000
0
1,165
4,542
9,840
0
1,185
4,542
9,840
0
1861315
41542
65,160
0
209,786
59,007
16,657
-148,377
1,245,406
1,455,192
1,385,110
1,396,185
1,455,192
1,396,185
1,401,767
1,M7,808
Exhibit 1