HOUSING AUTHORITY OF THE CITY OF HAYWARD
RESOLUTION NO. HA 24-________
Introduced by Board Member____________
RESOLUTION CONFIRMING THE PROPOSED HAYWARD HOUSING AUTHORITY BUDGET FOR FISCAL YEAR 2025 WHEREAS, the Executive Director has submitted to the Hayward Housing Authority Board of Directors estimates of revenues from all sources and estimates of expenditures required for the proper conduct of the activities of the Hayward Housing Authority for fiscal year 2025 contained in those documents entitled “Proposed FY 2025 Operating Budget;” and WHEREAS, a public hearing was held by the Housing Authority Board of Directors, on June 4, 2024, at which time all interested persons were afforded an opportunity to be heard on matters pertaining to the budget recommended by the Executive Director; and NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Hayward Housing Authority as follows:
That the budget for FY 2025 presented by the Executive Director in the document entitled Proposed FY 2025 Operating Budget is hereby accepted and confirmed as the budget of the Hayward Housing Authority for FY 2025. Copies of the budget documents and the staff reports presented by the Executive Director are on file in the office of the City Clerk and are hereby referred to, incorporated herein, and made a part of this resolution as though set forth in full.
The Director of Finance is directed to comply with GASB 31 (Unrealized investment gains and losses) and is authorized to make such entries as are required to the Housing Authority’s financial records. In addition, the Director of Finance is authorized to make such changes to the budget as are required by GASB 31.
Except as limited in paragraph 5 of this resolution, the Executive Director is authorized without further action from the Board to enter into a contract or agreement for any commodity or service included in the annual budget of the Housing Authority.
For the purposes of determining whether the Executive Director has the authority to execute a contract for a commodity or service pursuant to section 3 above, the Executive Director shall have the authority to expend such funds and enter into and execute any and all contracts and documents necessary to carry out the objectives of the Housing Authority’s appropriations as set forth in this budget.
Any contract for professional services included in the annual budget that will cost more than $75,000 shall be executed by the Executive Director only upon approval of the contract by the Housing Authority Board given at a meeting of the Housing Authority.
HAYWARD, CALIFORNIA, ______________________., 2024
ADOPTED BY THE FOLLOWING VOTE:
AYES: BOARD MEMBERS:
CHAIR:
NOES: BOARD MEMBERS:
ABSTAIN: BOARD MEMBERS:
ABSENT: BOARD MEMBERS:
ATTEST: _________________________________ ___________
Secretary of the Housing Authority of the City of Hayward APPROVED AS TO FORM:
________________________________________________
General Counsel of the Housing Authority
of the City of Hayward
ATTACHMENT V