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HomeMy WebLinkAbout2017-01 VLHA 2017 Budget Adoption e RESOLUTION NO. 1, SERIES 2017 VAIL LOCAL HOUSING AUTHORITY A RESOLUTION ADOPTING A BUDGET AND MAKING APPROPRIATIONS TO PAY THE COSTS, EXPENSES AND LIABILITIES OF THE VAIL LOCAL HOUSING AUTHORITY, FOR ITS FISCAL YEAR JANUARY 1, 2017 THROUGH DECEMBER 31, 2017. WHEREAS, the Vail Local Housing Authority board received and approved the budget for the fiscal year 2017 on March 14,2017; and WHEREAS, in accordance with CRS section 29-1-106 a notice of budget hearing has been published; and WHEREAS, notice of this public hearing to consider the adoption of the proposed Vail Local Housing Authority budget was published in the VAIL DAILY on the 23rd day of February, 2017; and NOW THEREFORE, LET IT BE RESOLVED by the Vail Local Housing Authority of Vail, Colorado, as follows: The Vail Local Housing Authority Board adopts the submitted budget and appropriates $31,200 in expenditures beginning on the first day of January, 2017, and ending on the 31st day of December,2017. Signed: Steve Lindstrom, Chairman 2017 PROPOSED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE VAIL LOCAL HOUSING AUTHORITY 2015 2016 2016 2017 Actual Budget Actual Proposed Revenue Middle Creek Revenue Share/Mgmt Fee $ 12,106 $ 11,500 $ 12,687 $ 12,500 Interest Income 660 500 633 650 Ground Lease Revenue - - 35,000 35,000 Total Revenue 12,766 12,000 48,320 48,150 Expenditures Accounting Fees 1,200 1,200 1,200 1,200 Operating, Maintenance&Contracts 12,214 50,000 14,891 30,000 Total Expenditures 13,414 51,200 16,091 31,200 Revenue Over(Under) Expenditures (648) (39,200) 32,229 16,950 Beginning Fund Balance 178,668 178,020 178,020 210,249 Ending Fund Balance $ 178,020 $ 138,820 $ 210,249 $ 227,199