HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2013-05RESOLUTION NO. FWHFC-2013-05
FORT WORTH HOUSING FINANCE CORPORATION
A RESOLUTION
APPROVING THE BUDGET FOR THE 2013-2014 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 2013-2014 fiscal year of the Corporation (the "BudgeY') during the Corporation's
meeting on November 5, 2013; and
WHEREAS, the Board of Directors desires to adopt the Budget as presented for the
Corporation's 2013-2014 fiscal year.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTOR5 OF
THE FORT WORTH HOUSING FINANCE CORPORATION:
1. THAT the Board approves the attached Budget for the Corporation's 2013-2014 fiscal
year.
2. THAT this Resolution takes effect on the date of its adoption.
AND IT IS SO RESOLVED.
Adopted November 5, 2013.
FORT WORTH HOUSING FINANCE CORPORATION
,
By:
alvador Espino, Presi ent
RESOLUTION NO. FWHTC-2013-OS
PAGE 2
FORT WORTH HOUSING FINANCE CORPORATION
Proposed Budget
October 1, 2013 through September 30, 2014
(Unaudited)
Revenues
Interest on investments
Program income prin. loan
L.and/home sales
Developer Fees
Gas lease royalties
Other Revenue
Total Revenues
Expenditures
Transfer to City (Salaries)
Office supplies
Postage
Conferences & seminars
Electricity
Water & waste disposal
Dues and membership
Gas Well consultant
Contractual services
Audit Fees - VOE
D&O Liability Insurance
Property Insurance
Mowing HFC properties
Security systems (HFC Houses)
Carver House Rehab
Total Expenditures
$100,000
1,068
80,000
978,522
25,000
4, 500
1,189, 090
136,921
500
350
8,000
2,000
1, 500
3,800
950
5,000
13,000
2,800
4, 500
40,000
4,000
5,000
228,321
Excess of Revenues over Expenditures 960,769