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HomeMy WebLinkAboutHA Resolution 2012-02WHEAT RIDGE HOUSING AUTHORITY RESOLUTION NO. 02 Series of 2012 TITLE: A RESOLUTION AMENDING THE 2011 BUDGET BY RESTATEMENT AND ENACTING A BUDGET AND APPROPRIATION FOR THE YEAR 2012 THEREFORE, BE IT RESOLVED by the Wheat Ridge Housing Authority as follows: Section 1. The amended year 201 budget by restatement and the year 2012 budget as shown on Exhibit I attached hereto are 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. t1k e 1 ADOPTED the ,�:' day of 012, WHEAT RIDGE HOUSING AUTHORITY Chairperson Secretary ti�ie�utho"�� Proposed Budget Unaudited P Proposed 2010 Projected 2 2011 2012 Actual 2011 B Budget Budget • Goods Sold Beginning Cost of Units 555 - Purchase of Units Summary Rehabilitation Costs 599 - Ending Cost of Units Total COGS 254,635 0 160,714 750,000 0 43,737 0 20,000 5,826 3,703 6,000 2,000 5,000 0 0 0 0 0 0 0 265,461 47,440 166,714 772,000 258,900 0 0 1,361,173 0 1,146,640 900,000 35,731 214,533 64,286 250,000 0 -1,361,173 -803,571 -823,673 294,631 0 160,714 787,500 -29,170 47,440 6,000 -15,500 Expense 700 - Selling Costs 916 950 578 2,698 702 - Advertising 99 100 704 - Buyer Incentives 6,095 0 3,847 17,952 705 - Closing Costs 1,508 0 952 4,442 710 • Commissions 12,222 0 7,714 35,999 720 - Homeowners Association 4 0 0 750 - Accounting & Legal 7,700 4,300 8,000 10,000 762 • Bank Charges 1,171 1,522 1,200 1,600 771 - City Reimbursement 4,999 6,522 5,000 8,000 775 • Conference & Meeting Exp 1,559 528 1,500 1,600 797 • Dues, Books & Subscriptic 60 60 100 100 802 • Gardening & Maintenance 0 5,371 0 7,000 $04 - Homeowners Association 1 0 0 0 0 $07 - Insurance 0 0 0 0 815 - Management Fee 0 1,931 0 3,000 820 - Miscellaneous 0 0 500 500 $25 -Office Supplies 0 146 250 250 832 • Postage 0 47 100 100 843 • Repairs 84 0 5,000 5,000 $53 - Supplies 0 0 250 250 865 • Trash Removal 0 0 0 0 872 • Utilities 1,370 3,915 0 5,000 Total Expense 37,684 25,391 34,991 103,590 Other Income/Expense Other Income CDBG Grant Other (Expense) 910 - Interest Expense Total Other Expense -66,854 22,049 -28,991 -119,090 0 - 0 0 0 0 0 0 0 0 900,000 900,000 0 -66,854 922,049 871,009 419,090 1,094,723 1,094,723 1,027,869 2,016,772 1,027,869 2,016,772 1,898,878 1,897,682 KIN Expense 700 - Selling Costs 916 950 578 2,698 702 - Advertising 99 100 704 - Buyer Incentives 6,095 0 3,847 17,952 705 - Closing Costs 1,508 0 952 4,442 710 • Commissions 12,222 0 7,714 35,999 720 - Homeowners Association 4 0 0 750 - Accounting & Legal 7,700 4,300 8,000 10,000 762 • Bank Charges 1,171 1,522 1,200 1,600 771 - City Reimbursement 4,999 6,522 5,000 8,000 775 • Conference & Meeting Exp 1,559 528 1,500 1,600 797 • Dues, Books & Subscriptic 60 60 100 100 802 • Gardening & Maintenance 0 5,371 0 7,000 $04 - Homeowners Association 1 0 0 0 0 $07 - Insurance 0 0 0 0 815 - Management Fee 0 1,931 0 3,000 820 - Miscellaneous 0 0 500 500 $25 -Office Supplies 0 146 250 250 832 • Postage 0 47 100 100 843 • Repairs 84 0 5,000 5,000 $53 - Supplies 0 0 250 250 865 • Trash Removal 0 0 0 0 872 • Utilities 1,370 3,915 0 5,000 Total Expense 37,684 25,391 34,991 103,590 Other Income/Expense Other Income CDBG Grant Other (Expense) 910 - Interest Expense Total Other Expense -66,854 22,049 -28,991 -119,090 0 - 0 0 0 0 0 0 0 0 900,000 900,000 0 -66,854 922,049 871,009 419,090 1,094,723 1,094,723 1,027,869 2,016,772 1,027,869 2,016,772 1,898,878 1,897,682 KIN Other Income/Expense Other Income CDBG Grant Other (Expense) 910 - Interest Expense Total Other Expense -66,854 22,049 -28,991 -119,090 0 - 0 0 0 0 0 0 0 0 900,000 900,000 0 -66,854 922,049 871,009 419,090 1,094,723 1,094,723 1,027,869 2,016,772 1,027,869 2,016,772 1,898,878 1,897,682 KIN