HomeMy WebLinkAboutMINUTES - 09261989 - 1.54 Y
HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA 1-054
TO: BOARD OF COMMISSIONERS DATE: September 26, 1989
FROM: Perfecto Villarreal , Executive Director cc:
SUBJECT: CONVENTIONAL PUBLIC HOUSING PROGRAM
BUDGET REVISION NO. 1 FOR THE
FISCAL YEAR ENDING MARCH 31, 1990
I. RECOMMENDED ACTION:
ADOPT Resolution No. 3565 indicating review and approval of Revision No. 1 to
the Operating Budget for LHA-Owned Rental Housing Properties and Resolution No. 3566
certifying compliance with Section 207(A) of the Annual Contributions Contract, as
recommended by the Advisory Housing Commission.
II. FINANCIAL IMPACT:
The Operating Reserve Balance at March 31, 1990 is now estimated to be
$1,134,238. This represents 65% of the maximum allowed and is an increase of 11%
over the original budget amount of $950,140.
III. REASONS FOR RECOMMENDATION/BACKGROUND:
Two changes have been made to the original approved budget:
1. The current year operating subsidy has been
restored to 100% funding. (HUD had previously
approved 97.3%. ) This is an increase of
$27,062.
2. The mandatory Prior Year Adjustments for
Operating Subsidy reflect an increase of
$111,479. These adjustments are required
for the fiscal year ended March 31, 1989
for utilities and interest income.
The proposed changes in the budget revision will result in an increase of
$138,541 to the Operating Reserve of the Public Housing Program. The original
approved provision to the Operating Reserve was $115,934. The revised provision is
$245,475. The new estimated Operating Reserve Balance at March 31, 1990 is
$15134,238. This represents 65% of the maximum allowed, an increase of 11% over the
approved original budget amount of $950,140.
CONTINUED ON ATTACHMENT: YES SIGNATU(tE:
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDA ON OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S)
ACTION OF BOARD ON §29APPROVED AS RECOMMENDED _ OTHER
VOTE OF COMMISSIONERS
_X UNANIMOUS (ABSENT ) I HEREBY CERTIFY THAT THIS A TRUE AND
AYES: NOES: CORRECT COPY OF AN ACTION TAKEN AND
ABSENT: ABSTAIN: ENTERED ON THE MINUTES OF THE BOARD
OF COMMISSIONERS ON THE DATE SHOWN.
-- " S
CC: ATTESTED EP 2 6 1989
Phil Batchelor, Clerk of the
Board of Commissioners
M382/7-83 BY , DEPUTY
Board of Commissioners
September 26, 1989
Page -1-
On September 18, 1989 the Budget Committee of the Advisory Housing Commission
met to review this proposed Budget Revision No. 1 and recommended approval to the
Advisory Housing Commission. At its Regular Meeting on September 18, 1989, the
Advisory Housing Commission voted to recommend adoption of Resolution No. 3565
indicating review and approval of Revision No. 1 to the Operating Budget and
Resolution No. 3566 certifying compliance with Section 207(A) of the Annual
Contributions Contract.
IV. CONSEQUENCES OF NEGATIVE ACTION:
Should the Board of Commissioners elect to not adopt Resolutions No. 3565 and
3566, the Housing Authority of the County of Contra Costa would not be in compliance
with HUD budgeting procedures for the public housing program.
1-054
THE BOARD OF COMMISSIONERS, HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
RESOLUTION NO. 3565
RESOLUTION INDICATING REVIEW AND APPROVAL
OF REVISION NO. 1 TO OPERATING BUDGET
FOR LHA OWNED RENTAL HOUSING PROPERTIES
WHEREAS, the Board of Commissioners did in fact review and approve an
operating budget for Projects CAL 11-1 thru CAL 11-6; CAL 11-8 thru CAL
11-13, and CAL 11-15 for the fiscal year ending March 31, 1989 in its
Resolution No. 3549 dated December 6, 1988; and,
WHEREAS, said budget has been reviewed and Staff has recalculated the subsidy
payments due to the Housing Authority for the Fiscal Year ending March 31,
1990 and prepared Budget Revision No. 1 to the Operating Budget:
NOW, THEREFORE, BE IT RESOLVED after review of said calculations and Budget
a Revision No. 1, the Board of Commissioners of the Housing Authority of the
County of Contra Costa hereby approves said revision and finds:
(1) That the proposed expenditures are necessary in the
efficient and economical operation of housing for the
purpose of serving low-income families;
(2) That the financial plan is reasonable in that it is
prepared in accordance with Performance Funding; and
(3) That all proposed rental charges and expenditures will
be consistent with provisions of law and the Annual
Contributions Contract.
ADOPTED ON Sept, 26; 1989 by the following vote of the Commissioners:
AYES: Commissioners Powers , Fanden, McPeak, Torlakson
NOES: None
ABSENT: Commis s loner Schroder I hereby oeRlfy that tMS la a WW and oomect OM of
an action taken and entered on the minutes of the
Board of suo on dWA
ABSTAIN: None the�
A, o: .da to,1
PHIL BAT ELOR,CW*of the 80erd
of Bupervism and County AdminIsba or
cc: County Administrator
County Counsel
�'Deputv
HousingAuthority .
Y
THE BOARD OF COMMISSIONERS, HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA
RESOLUTION NO. 3566
RESOLUTION CERTIFYING COMPLIANCE
WITH SECTION 207(A) OF
ANNUAL CONTRIBUTIONS CONTRACT
WHEREAS, Section 207(A) of the Annual Contributions Contract, , Part II,
Terms and Conditions .requires Reexamination of Income of Families
in Occupancy; and,
WHEREAS, the Policy and Procedure Manual, 9.0 as adopted by the Board of
Commissioners of the Housing Authority of the County of Contra
Costa contains the same Terms and Conditions of above Section of
the ACC:
NOW, THEREFORE, BE IT RESOLVED, that the Board of Commissioners certifies
that it is in compliance with the requirements that the Housing
Authority will "At least once a year examine the incomes of fami-
lies living in the projects: Provided that the length of time
between the admission of a family subject to yearly examination
and the first re-examination of such family may be extended to not
more than 18 months if necessary to fit a re-examination schedule
established by the Local Authority."
ADOPTED ON Sept . 26, 1989 by the following vote of the Commissioners:
AYES: Commissioners Powers , Fanden, McPeak, Torlakson
NOES: None
1 hereby certify that this Is a true and Correct copy of
an action taken and entered on the minutes of the
ABSENT: Commissioner Schroder--. Board of S warvi on t dM*ehorar.
ATTE8TED
PHIL BATCHELOR,Clerk ofthe Board
ABSTAIN: None NS 00CoumyAdm aw
NNW
cc: County Administrator
County Counsel
Housing Authority