Housing - 2006-02 - Annual Budget0 0
RESOLUTION NO. 2006-02
A RESOLUTION OF THE ROSEMEAD HOUSING DEVELOPMENT COROPORATION
OF THE CITY OF ROSEMEAD ADOPTING THE ANNUAL BUDGET FOR FISCAL
YEAR 2006-07 AND MAKING APPROPRIATIONS FOR THE AMOUNT BUDGETED
WHEREAS, an Annual Budget for the Rosemead Housing Development
Corporation for the fiscal year commencing July 1, 2006 and ending June 30, 2007 was
submitted to the Housing Development Directors and is on file in the City Clerk's office.
NOW, THEREFORE, THE HOUSING DEVELOPMENT DIRECTORS OF THE
ROSEMEAD HOUSING DEVELOPMENT CORPORATION DO RESOLVE AS FOLLOWS:
Section 1. The Budget is adopted as the Annual Budget of the Rosemead Housing
Development Corporation for the fiscal year commencing July 1, 2006 and ending June 30,
2007.
Section 2. There is hereby appropriated to each account set forth in the
"Summary of Expenditures by Category" of said budget attached hereto, and made a part
hereof as though fully set forth and the Executive Director is authorized and empowered to
expend such sum for the purpose of such account, but with no expenditure by any office or
department for any item within an account shall exceed the amount budgeted therefore
without prior written approval of the Executive Director.
PASSED, APPROVED and ADOPTED this 27th day of June, 2006.
C, le^l
President, 66semead Ho ing
Development Corporatio
ATTEST:
Corporation Secretary
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS.
CITY OF ROSEMEAD )
I, Nina Castruita, City Clerk of the City of Rosemead, do hereby certify that the
foregoing Resolution No. 2006-02 being:
RESOLUTION OF THE ROSEMEAD HOUSING DEVELOPMENT
CORPORATION OF THE CITY OF ROSEMEAD ADOPTING THE ANNUAL
BUDGET FOR FISCAL YEAR 2006-07 AND MAKING APPROPRIATIONS
FOR THE AMOUNT BUDGETED
was duly and regularly approved and adopted by the Rosemead Housing
Development Corporation on the 27th of June 2006, by the following vote to wit:
Yes: CLARK, IMPERIAL, NUNEZ, TAYLOR, TRAN
No: NONE
Absent: NONE
Abstain: NONE
]Jim (Iflh-r/)~-&
Nina Castruita
Secretary
C
0 6
ROSEMEAD HOUSING DEVELOPMENT CORPORATION
SUMMARY OF FUND BALANCE
2005-06 2006-07
Projected Budget
RESOURCES:
Funds Available at July 1
Transfers from Redevelopment Agency
Housing Set-Aside Fund
Rental Income
Miscellaneous Revenue
Total Funds Available
EXPENDITURES: .
Administrative Expenditures
Special Project Expenditures
Rehabilitation Expenditures
Total Expenditures
FUND BALANCE AT JUNE 30
$430,334 $138,534
0 250,000
405,600 405,600
5,700 5,700
$841,634 $799,834
$233,100 $236,900
470,000 559,000
0 0
$703,100 $795,900
$138,534 $3,934