HomeMy WebLinkAbout2019-39 VLHA Resolution 2020 Budget Adoption RESOLUTION NO. 39, SERIES 2019
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, 2020
THROUGH DECEMBER 31, 2020.
WHEREAS,the Vail Local Housing Authority board received and approved the
budget for the fiscal year 2020 on December 10,2019; 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
5th day of December,2019; and
NOW TIIEREFORE, LET IT BE RESOLVED by the Vail Local Housing
L Authority of Vail,Colorado, as follows:
The Vail Local Housing Authority Board adopts the submitted budget and
appropriates S80,120 in expenditures beginning on the first day of January,2020,
and ending on the Ms'day of December,2020.
Signed:
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Steve Lindstrom,Chair p•
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SEAL =
Attest: p� O`�
TaMmy Nagel)
Vail Town Clerk
2020 PROPOSED BUDGET
SUMMARY OF REVENUE, EXPENDITURES,AND CHANGES IN FUND BALANCE
VAIL LOCAL HOUSING AUTHORITY
2019 2020
2019 1st Ammended Proposed
Budget Supplemental Budget Budget
Revenue
Middle Creek Revenue Share/Mgmt Fee $ 12,500 $ - $ 12,500 $ 12,500
Interest Income 1,000 - 1,000 1,000
Ground Lease Revenue 35,000 - 35,000 35,000
Total Revenue 48,500 - 48,500 48,500
Expenditures
Accounting Fees 1,200 - 1,200 1,200
Operating, Maintenance& Contracts 42,000 48,170 90,170 78,920
Total Expenditures 43,200 48,170 91,370 80,120
Revenue Over(Under) Expenditures 5,300 (48,170) (42,870) (31,620)
Beginning Fund Balance 265,301 290,204 247,334
Ending Fund Balance $ 270,601 $ 247,334 $ 215,714