HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2012-09RESOLUTION NO. FWHFC-2012-09
FORT WORTH HOUSING FINANCE CORPORATION
A RESOLUTION
APPROVING THE BUDGET FOR THE 2012-2013 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 2012-2013 fiscal year of the Corporation (the "Budget") during the Corporation's
meeting on October 2, 2012; and
WHEREAS, the Board of Directors desires to adopt the Budget as presented for the
Corporation's 2012-2013 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 for its 2012-2013
fiscal year.
2. THAT this Resolution takes effect on the date of its adoption.
AND IT IS SO RESOLVED.
Adopted October 2, 2012.
FORT WO T HOUSING FINANCE CORPORATION
By:
Sa vador Espino, Pre 'dent
FWHFC RESOLUTION NO. FWLDC-2012-09
PAGE 2 - BUDGET ATTACHMENT
FORT WORTH HOUSING FINANCE CORPORATION
Proposed Budget
October l, 2012 through September 30, 2013
(Unaudited)
Revenues
Interest on investments
Program income prin. loan
Land/home sales
Gas lease royalties
Misc. revenue
Total Revenues
Expenditures
Salaries and bene�ts
Other expenses
Office supplies
Postage
Conferences & seminars
Electricity
Water & waste disposal
Dues and membership
Contractual services
D&O Liability Insurance
Property Insurance
Mowing HFC properties
Security systems (HFC Houses)
Carver House Rehab
Subtotal
$100,000
750
80,000
8,000
35,000
1,000
700
3,000
3,000
1,600
3,500
5,000
2,600
4,500
36,894
4,000
40,000
Total Expenditures
$223,750
$110,641
$105,794
$216,435
Excess (Deficiency) of Revenues over (under) Expenditures $7,315