ATTACHMENT B
1 City Council Meeting: June 24, 2025 Santa Monica, California RESOLUTION NUMBER ________ (HAS)
(Housing Authority Series)
A RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF SANTA MONICA ADOPTING THE FIRST YEAR (FISCAL YEAR 2025-26) AND APPROVING THE SECOND YEAR (FISCAL YEAR 2026-27) OF THE FISCAL YEAR 2025-27 BIENNIAL
BUDGET AND ADOPTING ITS CAPITAL IMPROVEMENT PROGRAM BUDGET FOR FISCAL YEAR 2025-26
WHEREAS, the proposed Operating Budget for the Fiscal Year 2025-26 and Fiscal Year 2026-27, and the proposed Biennial Capital Improvement Program Budget for Fiscal Year 2025-26 were submitted to the Housing Authority of the City of Santa Monica (the “Housing Authority”) not less than 35 days prior to July 1, 2025; and WHEREAS, the Housing Authority held a public hearing on said Budget after a notice of said budget hearing was published not less than 10 days prior thereto; and WHEREAS, after said public hearing, the Housing Authority considered further its proposed Budget.
NOW, THEREFORE, THE HOUSING AUTHORITY OF THE CITY OF SANTA MONICA RESOLVES AS FOLLOWS:
SECTION 1. The Fiscal Year (FY) 2025-26 Operating Budget, as submitted by the Executive Director and revised by the Housing Authority, included in the document entitled “City of Santa Monica Proposed Biennial Budget FY 2025-27” (the “FY 2025-27 Budget”), as amended by Attachment D, is hereby adopted. The FY 2026-27 Operating Budget as submitted by the Executive Director and revised by the Housing Authority, included in the FY 2025-27 Budget, as amended by Attachment D, is hereby approved.
The FY 2025-26 Capital Improvement Program Budget, as submitted by the Executive
ATTACHMENT B
2 Director and revised by the Housing Authority, included in the FY 2025-27 Budget, as amended by Attachment D, is hereby adopted.
In adopting the FY 2025-26 Operating Budget and FY 2025-26 Capital Improvement Program Budget, the Housing Authority intends to, and by this Section does, adopt and approve the total operating appropriation for each departmental and nondepartmental operating budget, consisting of Salaries and Wages, Supplies and Expenses major expenditure categories, each project of the Capital Improvement Program Budget, and the revenue detail. The Executive Director is authorized to allot by department and fund as appropriated. A list of the changes to the proposed Operating Budget for FY 2025-26 and FY 2026-27, and proposed Biennial Capital Improvement Program Budget for FY 2025-26 are attached hereto as Attachment D.
SECTION 2. A certified copy of the FY 2025-26 Budget and amendments shall be filed with the Director of Finance and with the Secretary, and certified copies of the FY 2025-26 Budget shall be reproduced and made available for use as directed by Santa Monica City Charter section 1505.
SECTION 3. In adopting the FY 2025-26 Budget, the Housing Authority reappropriates the General Fund and all other Non-General Fund unexpended encumbrances of the FY 2024-25 Budget.
SECTION 4. In adopting the FY 2025-26 Budget, the Housing Authority hereby approves the Operating Budget Policies set forth in the City’s fiscal policies included in the FY 2025-27 Budget.
SECTION 5. The Secretary shall certify to the adoption of this Resolution, and thenceforth and thereafter the same shall be in full force and effect.
ATTACHMENT B
3 APPROVED AS TO FORM:
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Douglas Sloan
General Counsel to the Housing Authority