Reso. No.
RESOLUTION NO._____
A JOINT RESOLUTION OF THE COUNCIL OF THE CITY OF RICHMOND AND
RICHMOND HOUSING AUTHORITY (RHA) BOARD OF COMMISSIONERS APPROVING THE HOUSING AUTHORITY AMENDED FISCAL YEAR (FY) 2022-2023
OPERATING BUDGET WITH PROPOSED REVISED ESTIMATED R EVENUES OF $4,803,922 AND TOTAL EXPENDITURES OF $4,895,044 AND APPROV ING AN INCREASE IN THE RHA FY 2022 -2023 GENERAL FUND SUBSIDY AMOUNT BY $91,122 FROM $1,261,082 TO $ 1,352,204 WHICH WILL PROVIDE SUFFICIEN T
REVENUE TO MATCH ANTICIPATED EXPENDITU RES AND B ALANCE THE RHA BUDGET TO $4,895,044 IN ESTIMATED REVENUES AND $4,895,044 IN ESTIMATED EXPENDITURES.
WHEREAS, the Richmond Housing Authority (RHA) is a public entity chartered by the City of Richmond, California, as a separate legal entity under the provisions of the U.S. Housing Act of 1937; and
WHEREAS, RHA’s programs are funded by the federal government, subject to the rules and guidelines of the United States Department of Housing and Urban Development (HUD); and
WHEREAS, RHA’s mission is to provide decent, safe, and sanitary affordable housing and coordinate supportive services for low-income residents and program participants of the City of Richmond; and
WHEREAS, RHA administers the Low Rent Public Housing Program, and administers the Capital Fund Grant Modernization Program to fund rehabilitation activity on its existing public housing stock; and
WHEREAS, the RHA’s main goals and objectives for FY 2022-2023, in addition to the administration of its core public housing programs, will be to continue the repositioning of RHA assets .
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSIONERS OF THE
HOUSING AUTHORITY OF THE CITY OF RICHMOND AND THE MEMBERS OF
THE RICHMOND CITY COUNCIL, COUNTY OF CONTRA COSTA, STATE OF CALIFORNIA, hereby authorizes the RHA amended fiscal year (FY) 2022-2023 operating budget with proposed revised estimated revenues of $4,803,922 and total expenditures of $4,895,044 and approving an increase in the RHA FY 2022-2023 general fund subsidy amount by $91,122 from $1,261,082 to $1,352,204 which will provide sufficient revenue to match anticipated expenditures and balance the RHA budget to $4,895,044 in estimated revenues and $4,895,044 in estimated expenditures.
BE IT FURTHER RESOLVED THAT t he Executive Director is authorized to take all actions necessary to implement the foregoing resolution.
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I certify that the foregoing resolution was passed and adopted by the Council of the City of Richmond and the Richmond Housing Bo ard of Commissioners at a joint meeting thereof held on March 7, 2023, by the following vote:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
Reso. No.
Chairperson
[SEAL]
ATTEST:
Secretary
Approved as to form:
Attorney
State of California }
County of Contra Costa : ss.
City of Richmond }
I certify that the foregoing is a true copy of Resolution No. , finally passed and adopted at a joint City Council and Housing Authority Meeting held on January .
CLERK OF THE HOUSING AUTHORITY