Housing - Item 2 - Resolution 2000-02 Housing Development Corp. BudgetRosemead Housing Development Corp.
R H DC 8838 Valley Blvd., Rosemead, CA 91770 (626) 569-21 00 FAX (626) 307-9218
TO: HONORABLE PRESIDENT AND DIRECTORS
ROSEMEAD HOUSING DEVELOPMENT CORPORATION
FROM: FRANK G. TRIPEPI, EXECUTIVE DIRECTOR
DATE: JUNE 19, 2000
RE: RESOLUTION NO. 2000-02 ADOPTING 2000-01 ROSEMEAD
HOUSING DEVELOPMENT CORPORATION BUDGET
Attached for your consideration is a copy of Resolution No. 2000-02 adopting
the 2000-01 Annual Budget.
RECOMMENDATION:
After any amendments, it would be appropriate for the Rosemead Housing
Development Corporation to adopt Resolution No. 2000-02 Annual Budget.
HOUSING AGENDA
J U N 2 7 2000
ITEM No. 02
RESOLUTION NO. 2000-02
A RESOLUTION OF THE ROSEMEAD HOUSING DEVELOPMENT CORPORATION OF
THE CITY OF ROSEMEAD ADOPTING THE ANNUAL BUDGET FOR FISCAL YEAR
2000-01 AND MAKING APPROPRIATIONS FOR THE AMOUNT BUDGETED
Whereas, an Annual Budget for the Rosemead Housing Development
Corporation for the fiscal year commencing July 1, 2000 and ending June 30, 2001
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,
2000 and ending June 30, 2001.
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, 2000.
President, Rosemead Housing
Development Corporation
ATTEST:
Corporation Secretary
t:
ROSEMEAD HOUSING DEVELOPMENT CORPORATION
SUMMARY OF EXPENDITURES BY CATEGORY
1999-2000
2000-01
Projected
Budget
ADMINISTRATIVE (Cost Center 4270)
Legal Fees
$2,000
$3,000
Auditing Fees
6,000
6,000
Professional Services
0
0
Department Supplies
0
100
Travel and Meeting Expenses
0
500
Membership/Subscription
0
500
City Services
90,000
90,000
TOTAL ADMINISTRATIVE
$98,000
$100,100
SPECIAL PROJECTS (Cost Center 4275):
Home Threshold
$0
$105,000
First Time Home Buyers Program
50,000
200,000
Management Contract
102,000
110,500
Special Insurance
8,500
8,500
Lease Payment
60,000
60,000
Project Management
0
92,000
Engineering Services
0
0
Legal Fees
3,000
5,000
Architectural Services
0
650,000
Security Equipment - Angelus Sr. Housing
0
0
Construction - Garvey Senior Housing
0
3,992,440
TOTAL SPECIAL PROJECTS
$223,500
$5,223,440
HOUSING REHABILITATION (Cost Center 4280):
Planning and Administration
$0
$0
Residential Rehabilitation
0
0
TOTAL HOUSING REHABILITATION
$0
$0
RHDC FUND TOTAL
$321,500
$5,323,540