Loading...
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: ‘,\\\;c, A IN UTh Steve Lindstrom,Chair p• II,. 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