Housing - 2004-01 - Annual Budget for FY 2004-05•
RESOLUTION NO. 2004-01
A RESOLUTION OF THE ROSEMEAD HOUSING DEVELOPMENT CORPORATION
OF THE CITY OF ROSEMEAD ADOPTING THE ANNUAL BUDGET FOR FISCAL
YEAR 2004-05 AND MAKING APPROPRIATIONS FOR THE AMOUNT BUDGETED
WHEREAS, an Annual Budget for the Rosemead Housing Development
Corporation for the fiscal year commencing July 1, 2004 and ending June 30, 2005 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, 2004 and ending
June 30, 2005.
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 8th day of June, 2004.
rn G~~
President, osemead Housing
Development Corporation
I hereby certify that the foregoing Resolution No.
ATTEST: 2004-01 was duly and regularly adopted by the
Rosemead HousingDevelopment Corporation at a
regular meeting held on the 8th day of June 2004,
by the following vote:
Corporation ecretary Yes: Clark, Imperial, Taylor, Vasquez, Alarccn
No: None, Absent: None, Abstain: None
City Clerk
ROSERAD HOUSING DEVELOPMENT APORATION
SUMMARY OF EXPENDITURES BY CATEGORY
ADMINISTRATIVE (Cost Center 4270)
Legal Fees
Auditing Fees
Department Supplies
Travel and Meeting Expenses
Membership/Subscription
City Services
TOTAL ADMINISTRATIVE
SPECIAL PROJECTS (Cost Center 4275):
First Time Home Buyers Program
Management Contract - Angelus
Special Insurance - Angelus
Lease Payment - Angelus
Management Contract Expenses
Special Insurance
Lease Payment - Garvey
Construction - Garvey Senior Housing
TOTAL SPECIAL PROJECTS
2003-04 2004-05
Projected Budget
$4,000
10,000
0
0
0
219,600
$3,000
10,000
300
500
500
219,600
$233,600 $233,900
$0
$100,000
172,340
172,340
4,500
5,000
60,000
60,000
152,500
152,500
9,200
10,000
86,400
86,400
10,000
$494,940 $586,240
HOUSING REHABILITATION (Cost Center 4280):
Residential Rehabilitation $0 $0
TOTAL HOUSING REHABILITATION
$0
$0
RHDC FUND TOTAL $728,540 $820,140