HomeMy WebLinkAbout2017-05 VLHA 2018 Budget Adoption I
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RESOLUTION NO. 5, 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, 2018
THROUGH DECEMBER 31, 2018.
WHEREAS, the Vail Local Housing Authority board received and approved the
budget for the fiscal year 2018 on December 12, 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
8th day of December, 2017; and
NOW THEREFORE, LET IT BE RESOLVED by the Vail Local Housing Authority
p 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, 2018,
and ending on the 31st day of December, 2018.
ATTEST: SIGNED:
Secret fry)
Steve Lindstrom, Chairman
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2018 PROPOSED BUDGET
SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE
VAIL LOCAL HOUSING AUTHORITY
2016 2017 2018
Actual Budget Proposed
Revenue
Middle Creek Revenue Share/Mgmt Fee $ 12,687 $ 12,500 $ 12,500
Interest Income 633 650 650
Ground Lease Revenue 35,000 35,000 35,000
Total Revenue 48,320 48,150 48,150
Expenditures
Accounting Fees 1,200 1,200 1,200
Operating, Maintenance&Contracts 14,891 30,000 30,000
Total Expenditures 16,091 31,200 31,200
Revenue Over(Under) Expenditures 32,229 16,950 16,950
Beginning Fund Balance
9 9 178,020 210,249 227,199
Ending Fund Balance $ 210,249 $ 227,199 $ 244,149
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