HomeMy WebLinkAboutHA Resolution 2010-01WHEAT RIDGE HOUSING AUTHORITY
RESOLUTION NO. 01
Series of 2010
TITLE: A RESOLUTION ENACTING A BUDGET AND
APPROPRIATION FOR THE YEAR 2010
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 2010 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 2010 by the Authority on
January 26, 2010.
THEREFORE, BE IT RESOLVED by the Wheat Ridge Housing Authority as follows:
Section 1. The year 2010 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 2010.
WHEAT RIDGE HOUSING AUTHORITY
a-
Chairpers
ATTEST: -
Secretary to de Authority
Wheat Ridge Housing Authority
Proposed Budget
Unaudited
Proposed
2008
Projected
2009
2010
Actual
2009
Budget
Budget
Ordinary lncomelExpense
Income
500 - Sale of Units
299,000
520,500
560,405
330,000
530-Rant
900
0
0
0
535- Interest Income
10,973
7.520
12,000
8,000
549 - Miscellaneous Income
0
0
500
500
Total Income
310.873
528,020
572.905
338,500
Cast of Goads Sold
551- Beginning Cost of Units
1.125600
745,500
915.268
311556
555 Purchase of Units
0
0
0
0
Summary Rehabilitation Cost.
99.059
101,556
142.000
0
599. Ending Cost of Unite
-745,500
-311.556
-415.372
0
Total COGS
479.159
535.500
641.895
311,556
Grass Profit
-168,286
-7,480
-68,991
26,944
Expense
700 Selling Costs
3,405
950
5,981
602
704 Buyer Incentives
0
7.092
12,000
4.496
705 Cleat ng Coate
2168
3.502
3,604
2,220
710 Commissions
14,352
24,984
22.001
15,840
720- Homeownem Association Capital
40
200
0
500
750 Accounting & Legal
8200 ,
8,200
81000
8,000
762 Bank Charges
1,243
1,145
1.200
1.200
771 City Reimbursement
4,258
2,525
5,000
4.000
775 Conference& Meeting Expense
133
209
500
1,500
777 Contract Services
0
0
0
0
787 Dues, Books & Subscriptions
100
0
500
100
802 Gardening & Maintenance
4,208
0
5,600
1.500
603-Grants
300
0
0
0
604 - Homeowners Association Due.
932
250
3.600
0
807 -Insurance
1,942
11988
1,800
2,000
620-Miscellaneous
548
0
0
500
825.Office Supplies
25
10
250
250
832 Postage
13
0
100
100
833 Printing & Copies
0
0
0
0
B43-Repairs
19.585
6.191
2,500
5,000
853 Supplies
65
0
250
250
857 Taxes - Real Estate
-551
0
1,000
0
665 Trash Removal
0
0
500
500
672 Utilities
6,337
3.470
5.00
3,500
Total Expense
67.304
60.716
79,386
52.59
Net Ordinary Income
-235,590
-68.196
-148,377
-25,115
Other lncomelExpense
Other Inc...
564 CDBGGmnt
0
0
0
0
Other(Expen.e)
910 Interest Expense
4,542
0
0
0
Total Other Expense
4,542
0
0
0
Net Other lncomelExpense
-4,542
0
0
0
Net Income
-240,132
48,196
-149,377
-25,115
Beginning Fund Balance
1,455,192
1,215,059
1,396,185
1,146,863
Ending Fund Balance
1,215,060
1,146,863
1,247,808
1,121,748
2010