HomeMy WebLinkAboutHA Resolution 2011-01WHEAT RIDGE HOUSING AUTHORITY
RESOLUTION NO. 01
Series of 2011
TITLE: A RESOLUTION ENACTING A BUDGET AND
APPROPRIATION FOR THE YEAR 2011
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 2011 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 2011 by the Authority on
January 25, 2011.
THEREFORE, BE IT RESOLVED by the Wheat Ridge Housing Authority as follows:
Section 1 . The year 2011 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 -J day of 2011.
WHEAT RIDGE HOUSING AUTHORITY
Cc
Chairpers
I rl
ATTEST:
(ten
Secretary to the Authori
Exhibit I Wheat Ridge Housing Authority 2011
Proposed Budget
Ordinary Income /Expense
Income
500 - Sale of Units
530 - Rent
535 - Interest Income
540 - NGO Grants
549 - Miscellaneous Income
Total Income
Cost of Goods Sold
551 • Beginning Cost of Units
555 - Purchase of Units
Summary Rehabilitation Costs
599 • Ending Cost of Units
Total COGS
Gross Profit
Expense
700
• Selling Costs
704
• Buyer Incentives
705
- Closing Costs
710
- Commissions
720
- Homeowners Association Capital
750
- Accounting & Legal
762
- Bank Charges
771
• City Reimbursement
775
• Conference & Meeting Expense
787
- Dues, Books & Subscriptions
802
- Gardening & Maintenance
804
- Homeowners Association Dues
807
• Insurance
820
- Miscellaneous
825
- Office Supplies
832
- Postage
843 •
Repairs
853 -
Supplies
865 -
Trash Removal
872 •
Utilities
Total Expense
Net Ordinary Income
Other Income /Expense
Other Income
564 • CDBG Grant
Other (Expense)
910• Interest Expense
Total Other Expense
Net Other Income /Expense
Net Income
Beginning Fund Balance
Ending Fund Balance
Unaudited
Proposed
2009
Projected
2010
2011
Actual
2010
Budget
Budget
520,500
254,635
330,000
160,714
0
0
0
0
8,142
5,783
8,000
6,000
0
5,000
0
0
0
500
0
528,642
265,418
338,500
166,714
745,500
258,900
311,556
0
0
0
0
900,000
101,556
35,731
0
64,286
- 258,900
0
0
- 803,571
588,156
294,631
311,556
160,714
- 59,514
- 29,213
26,944
6,000
950
916
602
578
7,092
6,095
4,496
3,847
3,502
1,508
2,220
952
24,984
12,222
15,840
7,714
200
0
500
8,200
7,700
8,000
8,000
1,251
1,251
1,200
1,200
2,525
4,999
4,000
5,000
209
1,559
1,500
1,500
0
60
100
100
0
0
1,500
0
250
0
0
0
1,988
0
2,000
0
0
0
500
500
10
0
250
250
0
0
100
100
6,191
84
5,000
5,000
0
0
250
250
0
0
500
0
3,470
1,370
3,500
0
60,822
37,764
52,059
34,991
- 120,336
- 66,977
- 25,115
- 28,991
0
0
0
900,000
0
0
0
0
0
0
0
0
0
0
0
900,000
- 120,336
- 66,977
- 25,115
871,009
1,215,059
1,094,723
1,094,723
1,027,746
1,094,723
1,027,746
1,069,608
1,898,755