Housing - 2002-12 - Annual Budget 2002-03RESOLUTION NO. 2002-12
A RESOLUTION OF THE ROSEMEAD HOUSING DEVELOPMENT CORPORATION OF
THE CITY OF ROSEMEAD ADOPTING THE ANNUAL BUDGET FOR FISCAL YEAR
2002-03 AND MAKING APPROPRIATIONS FOR THE AMOUNT BUDGETED
WHEREAS, an Annual Budget for the Rosemead Housing Development
Corporation for the fiscal year commencing July 1, 2002 and ending June 30, 2003
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,
2002 and ending June 30, 2003.
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 25th day of June, 2002.
pment Corporation
ATTEST: I hereby certify that the foregoing Resolution No.
2002-12 was duly and regularly adopted by the
Rosemead Housing Development Corporation at a regular
meeting held on the 25th day of June 2002, by the
following vote:
Corporation Secretary es: Clark, Taylor, Vasquez, Imperial, Bruesch
No: None, Absent: None, Abstain: None
Cit Clerk
ROSEMEADWUSING DEVELOPMENT CORPOWON
SUMMARY OF EXPENDITURES BY CATEGORY
ADMINISTRATIVE (Cost Center 4270)
Legal Fees
Auditing Fees
Professional Services
Department Supplies
Travel and Meeting Expenses
Membership/Subscription
City Services
2001-02
Projected
$7,000
8,600
0
200
0
2002-03
Budget
$4,000
8,600
300
500
0
TOTAL ADMINISTRATIVE
SPECIAL PROJECTS (Cost Center 4275):
Tree & Turf Maintenance
Home Threshold
First Time Home Buyers Program
Management Contract
Special Insurance
Lease Payment - Angelus
Project Management - Garvey
Architectural Services - Garvey
Management Contract Expenses
Material Testing
Technical Analysis
Special Insurance
Lease Payment - Garvey
Construction - Garvey Senior Housing
Property Acquisition
TOTAL SPECIAL PROJECTS
HOUSING REHABILITATION (Cost Center 4280):
Residential Rehabilitation
TOTAL HOUSING REHABILITATION
RHDC FUND TOTAL
50 500
90,000 219,600
$105,850
$22,300
0
63,000
90,000
4,000
60,000
60,000
63,000
0
54,000
11,000
0
0
6,068,000
65,050
$233,500
$0
111,400
100,000
99,000
4,000
60,000
83,200
15,800
83,000
2,000
6,000
5,000
86,400
885,500
0
$6,560,350
$0
$0
$6,666,200
$1,541,300
$0-
$0
$1,774,800