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Resolution Number SJCHA 16-06-21-01RESOLUTION NO. SJCHA 16-06-21-01 A RESOLUTION OF THE SAN JUAN CAPISTRANO HOUSING AUTHORITY ADOPTING THE FISCAL YEARS 2016-2017 AND 2017- 2018 OPERATING BUDGET AND AUTHORIZING APPROPRIATIONS RELATED THERETO WHEREAS, the Commission of the San Juan Capistrano Housing Authority (SJCHA) held a Budget Workshop on May 23 , 2016, to review the recommendations for the Proposed Fiscal Years 2016-2017 and 2017-2018 Operating Budget; and, WHEREAS, the Proposed Fiscal Years 2016-2017 and 2017-2018 Operating Budget reflects a service level necessary to respond to the needs of the community and which is deemed appropriate by the Commission, and concurrently provides a work force to fill these service needs; and, WHEREAS, the Commission recognizes that the Proposed Budget will require adjustments from time to time, and accordingly , the SJCHA Executive Director is authorized to execute necessary transfers to carry out the scope of services as approved. NOW, THEREFORE, BE IT RESOLVED, that the San Juan Capistrano Housing Authority Commission does hereby determine that: 1. The Proposed Fiscal Years 2016-2017 and 2017-2018 Operating Budget in accordance with Exhibit A attached hereto and incorporated by reference herein and as detailed in the Budget Document on file with the SJCHA Secretary's Office entitled "City of San Juan Capistrano Proposed Budget-Fiscal Years 2016-2017 and 2017-2018" are hereby adopted. 2. Total appropriations for each fund may only be increased or decreased by the SJCHA Commission by amending the budget except as provided herein. 3. 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 SJCHA Commission . Budgeted amounts for individual classifications within a fund may be exceeded as long as the total annual budget for that fund is not exceeded. funds: 4. The following controls are hereby placed on the transfer of budgeted a. The SJCHA Executive Director may authorize transfers of funds from account to account within any department equal to or less than $50 ,000. b. The SJCHA Executive Director may authorize transfers of funds from department to department within any fund equal to or less than $50,000. c . The SJCHA Executive Director may delegate the authority to make budget transfers and adjustments. d. The SJCHA Executive Director may authorize budget adjustments involving offsetting revenues and expenses. The SJCHA 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. All appropriations, as approved for outstanding encumbrances and projects currently underway and remaining unexpended at June 30, 2016, and June 30, 2017, as approved by the SJCHA Executive Director or his designee, are hereby appropriated to Fiscal Years 2016-2017 and 2017-2018 Operating Budget, respectively. PASSED, APPROVED, AND ADOPTED this 21 51 day of June 2016 . ATTEST : STATE OF CALIFORNIA COUNTY OF ORANGE CITY OF SAN JUAN CAPISTRANO ) ) ss . ) J ~PERRY, CHAI~ 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 16-06-21-01 was duly adopted by the Commissioners of the San Juan Capistrano Housing Authority at a regular meeting thereof, held the 21 51 day of June 2016, by the following vote: COMMISSIONERS : Patterson, Reeve, Allevato, Ferguson and Chair Perry COMMISSIONERS : None M S N None SanJuan Capistrano Housing Authority HOUSING AUTHORITY ADMINISTRATION FUND FY 2016/2018 Description PROJECTED REVENUE AND OTHER SOURCES Rental income Investment interest Interest from outstanding loans receivable Loan Repayments from Successor Agency per AB 1484 Other revenue TOTAL· PROJECTED REVENUES AND OTHER SOURCES ESTIMATED EXPENDITURES AND OTHER USES Board Stipends Legal Services Financial Services Annual Conferences Management Services Office Supplies Bad Debt Miscellaneous Housing Administrative Charges The Groves Administrative Charges Rental Subsidy Program TOTAL· ESTIMATED EXPENDITURES AND OTHER USES s ACTUAL 2014/15 3S,699 1,177 1S1,8S3 S,28S so 194,064 3,400 1,192 1,829 30,020 31,12S 2S,298 94,416 187,280 s ADOPTED 2015/16 39,900 2,000 1S5,000 196,900 3,000 2,6SO 1,600 30,020 100 100 31,66S 17,96S 104,830 191,930 s PROPOSED 2016/17 4,100 3,SOO 1S5,000 80,000 242,600 3,000 200 1,600 100 SOD 27,0SO 12,600 45,050 Percent Change From Prior Year -90% 7S% •• 100% 23% •• -92% .. 100% -100% 100% ·100% ·100% -15% ·100% -88% ·77% s PROPOSED 2017/18 4,100 3,500 155,000 162,600 3,000 200 1,600 100 soo 32,000 12,600 50,000 CURRENT YEAR REVENUE OVER {UNDER) EXPENDITURES S 6,784 S 4,970 $ 197,550 S 112,600 EXHIBIT A-Page 1 of 3 Percent Change From Prior Year -100% ·33% •• .. .. 18% 11% SanJuan Capistrano Housing Authority LITTLE HOLLYWOOD RENTAL HOUSING FUND FY 2016/2018 Percent Percent Description PROJECTED REVENUE AND OTHER SOURCES Rental income Miscellaneous revenue TOTAL· PROJECTED REVENUES AND OTHER SOURCES ESTIMATED EXPENDITURES AND OTHER USES Management Services Grounds and Building Maintenance Building Improvements Legal Services Utilities Office Supplies Miscellaneous Housing Administrative Charges TOTAL· ESTIMATED EXPENDITURES AND OTHER USES $ ACTUAL 2014/15 ADOPTED 2015/16 PROPOSED Change From PROPOSED Change From 203,101 $ 751 203,852 98,995 27,615 2,327 3,031 16,623 148,591 224,000 $ 224,000 98,995 22,800 16,000 3,700 9,460 150,955 2016/17 Prior Year 2017/18 Prior Year 213,000 500 213,SOO 115,595 25,800 16,000 8,000 3,700 400 17,195 186,690 -5% s 100% ·5% 17% 13% •• 100% •• •• •• 82% 24% 213,000 500 213,500 115,595 25,800 16,000 1,000 3,700 17,327 179,422 •• •• .. •• •• •• •• •• •• •• •• -4% CURRENT YEAR REVENUE OVER (UNDER) EXPENDITURES $ 55,261 $ 73,045 $ 26,810 $ 34,078 EXHIBIT A-Page 2 of 3 San Juan Capistrano Housing Authority SUCCESSOR AGENCY HOUSING BONDS FUND FY 2016/2018 Percent Percent Description PROJECTED REVENUE AND OTHER SOURCES Investment Interest Other Reimbursements TOTAL-PROJECTED REVENUES AND OTHER SOURCES ESTIMATED EXPENDITURES AND OTHER USES The Groves Administrative Cha rges Tran sfer to Housing Authority Admin is tration Fund TOTAL-ESTIMATED EXPENDITURES AND OTHER USES ACTUAL 2014/15 ADOPTED 2015/16 $ 10,756 $ 5,200,000 5,210,756 5,285 5,2 85 PROPOSED Change From PROPOSED Change From 2016/17 Prior Year 2017/18 Prior Year $ 25 ,000 100% $ 25,000 •• •• •• 25,000 100"-' 25,000 .. 29,960 100% 30,200 1% •• •• 29 ,960 100% 30,200 1% CURRENT YEAR REVENUE OVER {UNDER) EXPENDITURES $ 5,205,4 71 $ · $ (4,960) $ (5,200) EXHIBIT A-Page 3 of 3