HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2014-15RESOLUTION NO. FWHFC-2014-15
FORT WORTH HOUSING FINANCE CORPORATION
A RESOLUTION
APPROVING THE BUDGET FOR THE 2014-2015 FISCAL YEAR
WHEREAS, the Board of Directors of the Fort Worth Housing Finance Corporation, a
Texas housing finance corporation (the "Corporation"), reviewed the attached budget proposed
for the 2014-2015 fiscal year of the Corporation (the "Budget") during the Corporation's
meeting on August 26, 2014; and
WHEREAS, the Board of Directors desires to adopt the Budget as presented for the
Corporation's 2014-2015 fiscal year.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE FORT WORTH HOUSING FINANCE CORPORATION:
I THAT the Board approves the attached Budget for the Corporation's 2014-2015 fiscal
year.
2. THAT this Resolution takes effect on the date of its adoption.
AND IT IS SO RESOLVED.
Adopted August 26, 2014.
FORT WORTH HOUSING FINANCE CORPORATION
By:
6 ident
Salvador Espino Pi
FORT WORTH HOUSING FINANCE CORPORATION
Proposed Fiscal Year 2014-15 Budget
October 1, 2014 through September 30, 2015
Revenues
2014-15
Interest on investments
90,000
Program income prin. loan
14,900
Land/home sales
50,000
Cash Flow pmts. Race, Terrell & Angle
18,895
Developer Fees
430,265
Grant Revenue
Gas lease royalties
20,000
Gas lease bonus
2,000
Misc. revenue
5,000
Total Revenues
631,060
Expenditures
Transfer to City (Salaries)
287,000
Office supplies
1,500
Postage
110
Conferences & seminars
8,000
Electricity
600
Water & waste disposal
300
Dues and membership
2,150
Gas Well consultant
275
Travel
3,500
Printing
70
Contractual services
5,000
Engineering Services
-
Audit Fees (VOE)
-
D&O Liability Insurance
2,971
Property Insurance
2,029
Mowing HFC properties
40,000
Security systems (HFC Houses)
600
Total Expenditures
354,105
Excess of Revenues over Expenditures 276,965
Resolution No. FWHFC-2014-15 (Attachment)