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RESOLUTION NO. 2023-HA_______
A RESOLUTION OF THE BOARD OF THE CULVER CITY
HOUSING AUTHORITY , APPROVING THE HOUSING
AUTHORITY BUDGET FOR THE FISCAL YEAR 2023-2024.
WHEREAS, on May 8, 2023, staff presented the proposed Annual Housing Authority budget for Fiscal Year 2023-2024 to the Housing Authority Board; and WHEREAS, a public hearing on the Housing Authority budget was duly held at the regular meeting of the Housing Authority on Monday, June 12, 2023; and WHEREAS, the budget includes funding for Housing Authority administration, programs, and projects; and
WHEREAS, the proposed budget appropriates funds for expenditures totaling approximately $7,302,826 million in Fiscal Year 2023-2024.
NOW, THEREFORE, the Hous ing Authority Board DOES HEREBY RESOLVE as follows:
1. The proposed 2023-2024 budget, included in the "City of Culver City Proposed Fiscal Year 2023-2024 Budget" on file with the Housing Authority Secretary, as amended by Exhibit "A", attached thereto and incorporated herein, is hereby adopted as the Culver City Housing Authority Budget for Fiscal Year 2023-2024.
2. The planning and administrative expenditures provided in the budget to be made from former Low and Moderate Income Housing Funds are necessary for the production, improvement, and/or preservation of low and moderate income housing.
3. Work programs in the published adopted budget may be revised, if necessary, to reflect updates and direction from the Housing Authority Board on June 12, 2023.
4. The adopted budget shall be administered in accordance with the guidelines contained in the City of Culver City’s Budget Development and Administration
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Policy. The City Manager or his/her designee shall be given authority to approve appropriations as outlined in the aforementioned Policy.
APPROVED and ADOPTED this day of , 2023.
ALBERT VERA, Mayor
City of Culver City, California
ATTEST: APPROVED AS TO FORM:
JEREMY BOCCHINO, City Clerk HEATHER BAKER, Housing Authority General Counsel