HARES 2020-001 Budget FY 2020-21 DP Mobile Estates Purchase HA^RESOLUTION NO. HA 2020 – 001
A RESOLUTION OF THE HOUSING AUTHORITY OF
THE CITY OF LA QUINTA, CALIFORNIA,
APPROVING FISCAL YEAR 2020/21 BUDGET
WHEREAS, each year the La Quinta Housing Authority adopts a Budget
for Revenues and Expenditures for the upcoming Fiscal Year; and
WHEREAS, the Housing Authority desires to make provisions for a level
of services commensurate with the needs of the City; and
WHEREAS, the Housing Authority has reviewed said budget and has had
several public meetings to receive public input; and
WHEREAS, the Housing Authority has, after due deliberation and
consideration, made such amendments in the proposed budget as it considers
desirable; and
NOW, THEREFORE, BE IT RESOLVED by the La Quinta Housing
Authority to adopt, as follows:
SECTION 1. The Fiscal Year 2020/21 Budget, which is on file with the La
Quinta Housing Authority Secretary is hereby approved.
SECTION 2. Budget adjustment procedures are approved as follows:
A. Additional appropriations and the transfer of cash or unappropriated fund
balance from one fund to another shall be made only upon Housing
Authority approval.
B. Transfers of budgeted appropriations between divisions or capital projects
shall be made only upon Housing Authority approval.
C. Transfers of budgeted appropriations between accounts within a division
or capital project may be made with the approval of the Executive
Director or his designee.
D. Prior year budget continuing Appropriations and Encumbrances for
unexpended capital project appropriations remaining from uncompleted
prior year capital projects shall be made with Executive Director
approval. These carry-over appropriations are for prior year Housing
Authority approved capital projects and shall not exceed the approved
project budget.
2020212020CITY
OF
LAQUINTA
HOUSING AUTHORITY
ADOPTED BUDGET
ATTACHMENT 1
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Housing Fund Revenues
2019/20
Current
Variance
Original vs
Current
2020/21
Adopted
Variance
Current vs.
Adopted % Change
241 - Housing Authority 1,688,256 1,240,256 513,300 (1,174,956)-70%
243 - RDA Low-Mod Housing 40,000 18,000 35,000 (5,000) -13%
249 - SA 2011 Low/Mod Bond 350,000 80,000 200,000 (150,000) -43%
Total Revenues 2,078,256 1,338,256 748,300 (1,329,956) -64%
RDA Loan Repayment 635,065 - 647,767 12,702
Total Operating Revenues 2,713,321 1,338,256 1,396,067 (1,317,254)
Housing Fund Expenditures 2019/20
Current
Variance
Original vs
Current
2020/21
Adopted
Variance
Current vs.
Adopted % Change
241 - Housing Authority 990,957 381,657 822,300 (168,657) -17%
243 - RDA Low-Mod Housing 351,000 101,000 250,000 (101,000) -29%
249 - SA 2011 Low/Mod Bond 60,000 40,000 6,185,000 6,125,000 10208%
Total Expenditures 1,401,957 522,657 7,257,300 5,855,343 418%
Budget Surplus/(Deficit) 1,311,364 815,599 (5,861,233)
HOUSING AUTHORITY 2020/21 BUDGET SUMMARY
FUND
FUND NAME
ESTIMATED
AVAILABLE
FUND
BALANCE
July 1, 2020
ESTIMATED
REVENUES
ESTIMATED
EXPENDITURES
ESTIMATED
ENDING FUND
BALANCE
June 30, 2021
241 HOUSING AUTHORITY FUND 10,800,000 513,300 822,300 10,491,000
243* RDA LOW-MOD HOUSING FUND 2,600,000 682,767 250,000 3,032,767
249 SA 2011 LOW/MOD BOND 17,100,000 200,000 6,185,000 11,115,000
30,500,000 1,396,067 7,257,300 24,638,767
CITY OF LA QUINTA ESTIMATED ENDING FUND BALANCES
FISCAL YEAR ENDING JUNE 30, 2021
GRAND TOTAL
General Fund and RDA Low-Mod Housing Fund estimates are for unappropriated reserves and included annual
Successor Agency loan repayments as approved with the last and final recognized obligation payment schedule.
The repayment for FY 2020/21 is $647,767.
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2019/20
Current Budget
2020/21
Proposed 1
2020/21
Proposed 2
2020/21
Adopted
241 - HOUSING AUTHORITY
230,000 250,000 200,000 200,000241-9101-41900 Allocated Interest
0 300 300300241-9101-41915 Non-Allocated Interest
58,800 0 00241-9101-43500 Home Sale Proceeds
50,000 25,000 25,000 25,000241-9101-43504 2nd Trust Deed Repayments
1,061,456 0 00241-9101-45000 Sale of Other Assets
288,000 288,000 288,000 288,000241-9103-43502 Rent Revenue/LQRP
Total:1,688,256 563,300 513,300 513,300
243 - RDA LOW-MOD HOUSING FUND
40,000 40,000 35,000 35,000243-0000-41900 Allocated Interest
Total:40,000 40,000 35,000 35,000
249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 2
350,000 350,000 200,000 200,000249-0000-41915 Non-Allocated Interest
Total:350,000 350,000 200,000 200,000
HOUSING AUTHORITY REVENUE 2,078,256 953,300 748,300 748,300
230,000 250,000 200,000 200,000
0 300 300 300
58,800 0 0 0
50,000 25,000 25,000 25,000
1,061,456 0 0 0
288,000 288,000 288,000 288,000
1,688,256 563,300 513,300 513,300
40,000 40,000 35,000 35,000
40,000 40,000 35,000 35,000
350,000 350,000 200,000 200,000
350,000 350,000 200,000 200,000
2,078,256 953,300 748,300 748,300
CITY OF LA QUINTA HOUSING AUTHORITY REVENUE DETAILS FY 2020/21 ADOPTED BUDGET
241 Fund Second Trust Deed Payments and Home Sale Proceeds vary from year-to-year. Additional repayment of
silent second trust deeds are recognized upon receipt.
241 Fund, 241-9101-45000, Sale of Other Assets revenues in FY 2019/20 reflects the purchase and sale agreement
between the City of La Quinta and the La Quinta Housing Authority for property at Dune Palms Road for the Dune
Palms Retention Basin and XPark projects.
243 Fund the 2020/21 former Redevelopment Agency loan repayment of $647,767 will be recognized in reserves
within this Fund.
248 Fund was fully used for the Washington Street Apartment rehabilitation and expansion project.
249 Fund was partially used for the Washington Street Apartment rehabilitation and expansion project. Remaining
bond funds continue to earn interest and are available for future housing projects.
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2019/20
Current Budget
2020/21
Proposed 1
2020/21
Proposed 2
2020/21
Adopted
241 - HOUSING AUTHORITY
9101 - Housing Authority - Admin
Salaries and Benefits
143,595 254,800 246,900 246,900241-9101-50101 Permanent Full Time
3,000 3,000 3,000 3,000241-9101-50110 Commissions & Boards
200 400 400400241-9101-50150 Other Compensation
10,600 17,500 16,800 16,800241-9101-50200 PERS-City Portion
31,800 57,500 57,500 57,500241-9101-50221 Medical Insurance
900 1,500 1,500 1,500241-9101-50225 Long Term Disability
3,400 5,200 5,200 5,700241-9101-50230 Workers Comp Insurance
2,100 3,700 3,600 3,600241-9101-50240 Social Security-Medicare
50 - Salaries and Benefits Totals:195,595 343,600 334,900 335,400
Contract Services
121,000 100,000 100,000 100,000241-9101-60103 Professional Services
5,000 5,000 5,000 5,000241-9101-60106 Auditors
25,000 35,000 35,000 35,000241-9101-60153 Attorney
60 - Contract Services Totals:151,000 140,000 140,000 140,000
Maintenance & Operations
3,000 500 500500241-9101-60320 Travel & Training
1,500 2,000 2,000 2,000241-9101-60420 Operating Supplies
62 - Maintenance & Operations Totals:4,500 2,500 2,500 2,500
Insurance
6,000 8,000 8,000 8,000241-9101-91843 Property & Crime Insurance
63 - Insurance Totals:6,000 8,000 8,000 8,000
Other Expenses
0 0 20,000 20,000241-9101-60480 Contributions
64 - Other Expenses Totals:0 0 20,000 20,000
Internal Service Charges
14,000 14,000 14,000 14,000241-9101-91844 Earthquake Insurance
24,800 46,700 46,700 52,400241-9101-98110 Information Tech Charges
69 - Internal Service Charges Totals:38,800 60,700 60,700 66,400
Transfers Out
278,062 0 00241-9101-99900 Transfers Out
99 - Transfers Out Totals:278,062 0 0 0
9101 - Housing Authority - Admin Totals:673,957 554,800 566,100 572,300
9103 - Housing Authority - LQRP
Maintenance & Operations
317,000 250,000 250,000 250,000241-9103-60157 Rental Expenses
62 - Maintenance & Operations Totals:317,000 250,000 250,000 250,000
9103 - Housing Authority - LQRP Totals:317,000 250,000 250,000 250,000
241 - HOUSING AUTHORITY Totals:990,957 804,800 816,100 822,300
143,595 254,800 246,900 246,900
3,000 3,000 3,000 3,000
200 400 400 400
10,600 17,500 16,800 16,800
31,800 57,500 57,500 57,500
900 1,500 1,500 1,500
3,400 5,200 5,200 5,700
2,100 3,700 3,600 3,600
195,595 343,600 334,900 335,400
121,000 100,000 100,000 100,000
5,000 5,000 5,000 5,000
25,000 35,000 35,000 35,000
151,000 140,000 140,000 140,000
3,000 500 500 500
1,500 2,000 2,000 2,000
4,500 2,500 2,500 2,500
6,000 8,000 8,000 8,000
6,000 8,000 8,000 8,000
0 0 20,000 20,000
0 0 20,000 20,000
14,000 14,000 14,000 14,000
24,800 46,700 46,700 52,400
38,800 60,700 60,700 66,400
278,062 0 0 0
278,062 0 0 0
673,957 554,800 566,100 572,300
317,000 250,000 250,000 250,000
317,000 250,000 250,000 250,000
317,000 250,000 250,000 250,000
990,957 804,800 816,100 822,300
CITY OF LA QUINTA HOUSING AUTHORITY EXPENSES FY 2020/21 ADOPTED BUDGET
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Fund: 241 - HOUSING AUTHORITY
Permanent Full Time 246,900.00241-9101-50101
20% - City Manager (80% City Manager)
10% - Finance Director (90% Finance)
10% - City Clerk (90% City Clerk)
40% - Assistant to City Manager (60% City Manager)
60% - Management Analyst (40% Information Technology Fund)
60% - Management Specialist (40% City Manager)
80% - Management Assistant (20% City Manager)
In 2020/21, staff has been reallocated to meet business demands.
City Council Member Stipends (5)
Professional Services 100,000.00241-9101-60103
Expense increase in 2019/20 due to recent request for proposal responses.
Operating Supplies 2,000.00241-9101-60420
Tenant communication
Rental Expenses 250,000.00241-9103-60157
Expenses are associated with 28 homes owned by the Authority which are
located in the La Quinta Cove.
CITY OF LA QUINTA HOUSING AUTHORITY EXPENSE NOTES FY 2020/21 ADOPTED BUDGET
16
2019/20
Current Budget
2020/21
Proposed 1
2020/21
Proposed 2
2020/21
Adopted
243 - RDA LOW-MOD HOUSING FUND
0000 - Undesignated
Other Expenses
351,000 250,000 250,000 250,000243-0000-60532 Homelessness Assistance
64 - Other Expenses Totals:351,000 250,000 250,000 250,000
0000 - Undesignated Totals:351,000 250,000 250,000 250,000
243 - RDA LOW-MOD HOUSING FUND Totals:351,000 250,000 250,000 250,000
351,000 250,000 250,000 250,000
351,000 250,000 250,000 250,000
351,000 250,000 250,000 250,000
351,000 250,000 250,000 250,000
CITY OF LA QUINTA HOUSING AUTHORITY EXPENSES FY 2020/21 ADOPTED BUDGET
17
2019/20
Current Budget
2020/21
Proposed 1
2020/21
Proposed 2
2020/21
Adopted
248 - SA 2004 LO/MOD BOND FUND (Refinanced in 201
9102 - Housing Authority - Wash St Apts
Contract Services
145,000 0 00248-9102-60103 Professional Services
245,500 0 00248-9102-60159 Relocation Benefits
60 - Contract Services Totals:390,500 0 0 0
9102 - Housing Authority - Wash St Apts Totals:390,500 0 0 0
2004 LO/MOD BOND FUND (Refinanced in 2014) Totals:390,500 0 0 0
145,000 0 0 0
245,500 0 0 0
390,500 0 0 0
390,500 0 0 0
390,500 0 0 0
CITY OF LA QUINTA HOUSING AUTHORITY EXPENSES FY 2020/21 ADOPTED BUDGET
248 Fund was fully used for the Washington Street Apartment rehabilitation and expansion project.
18
2019/20
Current Budget
2020/21
Proposed 1
2020/21
Proposed 2
2020/21
Adopted
249 - SA 2011 LOW/MOD BOND FUND (Refinanced in 20
0000 - Undesignated
Capital Expenses
0 0 0 6,125,000249-0000-74010 Land Acquisition
60,000 60,000 60,000 60,000249-0000-80050 Affordable Housing Project Develop
68 - Capital Expenses Totals:60,000 60,000 60,000 6,185,000
0000 - Undesignated Totals:60,000 60,000 60,000 6,185,000
11 LOW/MOD BOND FUND (Refinanced in 2016) Totals:60,000 60,000 60,000 6,185,000
0 0 0 6,125,000
60,000 60,000 60,000 60,000
60,000 60,000 60,000 6,185,000
60,000 60,000 60,000 6,185,000
60,000 60,000 60,000 6,185,000
CITY OF LA QUINTA HOUSING AUTHORITY EXPENSES FY 2020/21 ADOPTED BUDGET
249 Fund was partially used for the Washington Street Apartment rehabilitation and expansion project. Remaining
funds are available for future housing projects. FY 2020/21 land acquisition is for negotiated real property located on
Dune Palms Road.
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20