HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2018-04RESOLUTION NO. FWHFC-2018-04
FORT WORTH HOUSING FINANCE CORPORATION
A RESOLUTION
APPROVING THE BUDGET FOR THE 2018-2019 FISCAL YEAR
WHEREAS, the Board of Directors of the Fort Worth Housing Finance Corporation (the
"Board"), a Texas housing finance corporation (the "Corporation"), reviewed the attached
budget proposed for the 2018-2019 fiscal year of the Corporation (the "Budget") during the
Corporation's meeting on August 21, 2018; and
WHEREAS, the Board desires to adopt the Budget as presented for the Corporation's
2018-2019 fiscal year.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE FORT WORTH HOUSING FINANCE CORPORATION:
1. THAT the Board approves the attached Budget for the Corporation's 2018-2019 fiscal
year.
2. THAT this Resolution takes effect on the date of its adoption.
AND IT IS SO RESOLVED.
Adopted August 21, 2018.
FORT WORTH HOUSING FINANCE CORPORATION
FORT WORTH HOUSING FINANCE CORPORATION
Proposed Operating Budget- 2018-19
October 1, 2018 through September 30, 2019
Revenues
Interest on Investments
Land/home sales
Project Cash Flow - Terrell Homes, Race Street, Enclave Westport
Developer Fees - Reserve at Quebec, Mercantile, Broadmoor
Affordable Housing Payments
Interest on Loans
Gas Lease/ Royalties
Misc. Revenue
Total Revenues
Expenditures
Transfer to City (Salaries)
Office Supplies
Postage
Electricity
Water and Waste Disposal
Dues and Membership
Conferences, Seminars, Sponsorship
Printing
PSH Supportive Services
Contractual Services
Professional Services
HOME Match
Audit Fees - CohnReznick
Consultant Fees - Cavile
D&O Liability Insurance
Property Insurance
.Mowing HFC Properties
Security Systems (HFC Houses)
Total Expenditures
Excess of Revenues over Expenditures
RESOLUTION NO. FWHFC-2018-04
PAGE 2
2018-19
84,000
30,000
399,300
432,773
214,200
60,583
34,000
2,000
1,256,856
575,950
1,000
100
1,000
300
3,500
13,500
500
183,000
5,000
25,000
157,017
15,836
11,510
3,100
2,500
45,045
600
1,044,458
212,398