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