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Resolution Number SJCHA 12-06-19-01RESOLUTION NO. SJCHA 12-06-19-01 A RESOLUTION OF THE SAN JUAN CAPISTRANO HOUSING AUTHORITY ADOPTING THE FISCAL YEARS 2012-2013 AND 2013-2014 OPERATING BUDGET AND AUTHORIZING EXPENDITURES AND APPROPRIATIONS RELATED THERETO WHEREAS, the Board of Directors of the San Juan Capistrano Housing Authority (Authority) held a Budget Workshop on May 30, 2012, to review the recommendations for the Fiscal Years 2012-2013 and 2013-2014 Operating Budget; and, WHEREAS, the proposed Fiscal Years 2012-2013 and 2013-2014 Operating Budget reflects a service level necessary to respond to the needs of the community and which is deemed appropriate by the Board of Directors, and concurrently provides a work force to fill these service needs; and, WHEREAS, the Board of Directors recognizes that the proposed Operating Budget will require adjustments from time to time, and accordingly, the Authority Executive Director is authorized to execute necessary transfers to carry out the scope of services as approved. NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the San Juan Capistrano Housing Authority, does hereby determine: 1. That the proposed Fiscal Years 2012-2013 and 2013-2014 Operating Budgets in accordance with Exhibit A attached hereto and incorporated by reference herein and as detailed in the Budget Document on file with the Authority City Clerk's Office entitled "City of San Juan Capistrano Budget — Fiscal Years 2012-2013 and 2013-2014" are hereby adopted. 2. That total appropriations for each fund may only be increased or decreased by the Board of Directors of the Authority by amending the budget except as provided herein. 3. That the legal level of budgetary control is at the fund level. Budgets may not legally be exceeded at the fund level without appropriate authorization by the Board of Directors of the Authority. funds: 4. That the following controls are hereby placed on the transfer of budgeted a. The Authority Executive Director may authorize all transfers of funds from account to account within any department. b. The Authority Executive Director may authorize all transfers of funds from department to department within any fund. 6-19-2012 c. The Authority Executive Director may delegate the authority to make budget transfers. and adjustments. d. The Authority Executive Director may authorize budget adjustments involving offsetting revenues and expenditures; the Authority Executive Director may authorize increases in an appropriation for a specific purpose where the appropriation is offset by unbudgeted revenues, which is designated for said specific purpose. 5. That all appropriations, as approved for outstanding encumbrances and projects currently underway and remaining unexpended at June 30, 2012, and June 30, 2013, as approved by the Authority Executive Director or her designee, are hereby appropriated to the Fiscal Years 2012-2013 and 2013-2014 Operating Budget, respectively. PASSED, APPROVED, AND ADOPTED this 19th day of June, 2012. ATTEST: MARIA MORRIS, TY CLERK 4U,V'k DEREK REEVE, CHAIR 2 6-19-2012 it L STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF SAN JUAN CAPISTRANO ) I, MARIA MORRIS, appointed Housing Authority Secretary of the San Juan Capistrano Housing Authority of the City of San Juan Capistrano, do hereby certify that the foregoing Resolution No. SJCHA 12-06-19-01 was duly adopted by the Commissioners of the San Juan Capistrano Housing Authority at a regular meeting thereof, held the 19th day of June 2012, by the following vote: AYES: COMMISSIONERS: Allevato, Kramer, Taylor, Freese and Chair Reeve NOES COMMISSIONERS: None ABSENT: C MMISSI NERS: None MARIA MORRI, ous ng Authority Secretary 3 6-19-2012 San Juan Capistrano Housing Authority HOUSING AUTHORITY ADMINISTRATION FUND FY 2012/2014 Description Proposed 2012/13 Proposed 2013/14 Percent Change From Prior Year PROJECTED REVENUE AND OTHER SOURCES Rental income $ 145,000 $ 160,000 10% TOTAL- PROJECTED REVENUES AND OTHER SOURCES $ 145,000 $ 160,000 10% ESTIMATED EXPENDITURES AND OTHER USES Board Stipends 3,000 3,000 0% Legal Services 6,000 6,000 0% Financial Services 2,000 2,000 0% Appraisal/Title/Broker Services 1,000 1,000 0% Grounds and Building Maintenance 15,850 15,050 -5% Building Improvements 30,000 30,000 0% Office Supplies 1,000 1,000 0% Miscellaneous 750 750 0% Housing Administrative Charges 42,620 49,023 15% The Groves Administrative Charges 42,323 43,469 3% TOTAL -ESTIMATED EXPENDITURES AND OTHER USES S 144.543 S 151.292 5% Transfers from (to) reserves CHANGE IN AVA I CABLE FUND BALANCE $ 457 $ 8,708 AVA I LABLE FUND BALANCE, JULY S - 457