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HomeMy WebLinkAboutResolution 03-2015WHEAT RIDGE HOUSING AUTHORITY RESOLUTION NO. 03 Series of 2015 TITLE: A RESOLUTION ENACTING A BUDGET AND APPROPRIATION FOR THE YEAR 2015 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 2015 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 2015 by the Authority on February 24, 2015. THEREFORE, BE IT RESOLVED by the Wheat Ridge Housing Authority as follows: Section 1 . The year 2015 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 Z day of 1,2015. WHEAT RIDGE HOUSING AUTHORITY C1 -'4 10 1 erson ATTEST: W0. Secretary to the Au o 't Wheat Ridge Housing Authority Ordinary Income /Expense Income 500 • Sale of Units 530 • Rent 535 • Interest Income 540 - NGO Grants 545 - Historic Grant 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 702 - Advertising 704 Buyer Incentives 705 Closing Costs 710 • Commissions 750 Accounting & Legal 762 Bank Charges 771 City Reimbursement 775 Conference & Meeting Ex 787 • Dues, Books & Subscripti 802 • Gardening & Maintenance 820 - Miscellaneous 825 Office Supplies 832 Postage 843 Repairs 853 Supplies 857 - Taxes - Real Estate 872 • Utilities Total Expense Net Ordinary Income Otherincome /Expense Other Income 564 • CDBG Grant (refund) Other (Expense) 910 - Interest Expense Total Other Expense Net Other Income /Expense Net Income Proposed Budget 208,071 4 Unaudited Unaudited Proposed Actual Actual 2014 2015 2013 2014 Budget Budget 764,900 2 208,071 4 420,000 2 227,000 1,602 0 0 0 0 0 0 1,638 1 1,074 1 1,500 1 1,000 12,570 0 0 1 12,000 0 0 15,712 0 0 0 0 0 0 0 78 0.710 2 224,857 4 433,500 2 228,000 869.582 0 0 2 241,849 2 217,809 0 3 397,743 3 360,000 0 0 202,852 8 88,237 6 60,000 5 52,500 - 241,849 - - 242,706 - - 241,849 0 0 3 830,585 2 243,274 4 420,000 2 30 - 49,875 - - 18,417 1 13,500 - - 42,309 995 5 546 0 0 50 1 100 1 100 25,450 1 13,974 0 0 2,512 1 1,379 3 3,000 36,715 2 20,160 1 11,000 5,050 5 5,980 6 6,000 8 8,000 1,409 6 667 1 1,600 7 700 6,798 8 8,000 8 8,000 2015 Beginning Fund Balance 1,729,675 950,096 950,096 1,376,153 Ending Fund Balance 950,097 1,376,153 1,293,186 1,372.611 9:42 AM Wheat Ridge Housing Authority 02/10/15 Balance Sheet As of December 31, 2014 Dec 31, 14 Dec 31, 13 ASSETS Current Assets Checking /Savings 113 • Operating Account - 7191 60,306 2,906 116 Program Income Account - 4756 234,610 10 120 Investment Account Bank - 5321 594.878 716,081 121 Program Income Savings - 5934 1,804 1,803 Total Checking /Savings 891,597 720,800 Other Current Assets 157 Fruitdale Project 266,747 241,849 174 6605 W 44th Project 217,809 - Total Other Current Assets 484,556 241,849 Total Current Assets 1,376,153 9 62,650 TOTAL ASSETS 1,376,153 9 LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 300 • Accounts Payable 12.553 Total Accounts Payable 12,553 Total Current Liabilities 12,553 Total Liabilities - 12.553 Equity 465 • Fund Balance 950,096 1,729,674 Net Income 426.056 (779,577) Total Equity 1,376, 950. 096 TOTAL LIABILITIES & EQUITY 1,376,153 962,650 Page 1 of 1 § §•§ $•f/ $A •! §\7 /§ §N §;2! §@ § #( �¢ § - • . , i � ` ® \ � 2 y ■ ° 7 2 § } ) § $ ! > » , , ` e ■ ! §#§$ i §•• §¢§K 22 iR 2 §g§;§§ /7!§ § § §A §§ §# 5 ƒ -` 2■ 2 © -`� ` -,2 ala7 \ ��§ « ■2 �e ��k -� -- 2E�(� .....�9.. #\... ©■ ! � � £ ! m � • § . . . � f • � � \ � y , i.2., l\ (- ] � �-0 ;, - �„ - § E� §:,! - - .00 - Ak! } k�|(,2/ /(... ....Bk§S . 6 ®555 §�§)) § § § § §!fQ|Bi| ! , {! `J —.x #r |$$!! .0 ` k%\ J!! _