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HomeMy WebLinkAboutMINUTES - 03122013 - HA D.1RECOMMENDATIONS APPROVE the 2013-2014 Annual Agency Budget and ADOPT PHA Board Resolution No. 5164 Approving the Budget on HUD Form 52574. BACKGROUND See attachment Background for information. FISCAL IMPACT The budget proposes a decrease in the Housing Authority’s overall reserves of $4,859,630. Action of Board On: 03/12/2013 APPROVED AS RECOMMENDED OTHER Clerks Notes: VOTE OF COMMISSIONERS AYE:Candace Andersen, District II Supervisor Mary N. Piepho, District III Supervisor Karen Mitchoff, District IV Supervisor Federal D. Glover, District V Supervisor Geneva Green, Tenant Seat ABSENT:John Gioia, District I Supervisor Contact: 925-957-8028 I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown. ATTESTED: March 12, 2013 Joseph Villarreal, Executive Director By: June McHuen, Deputy cc: D.1 To:Contra Costa County Housing Authority Board of Commissioners From:Joseph Villarreal, Housing Authority Date:March 12, 2013 Contra Costa County Subject:Agency Wide Budget FY 2013-14 CONSEQUENCE OF NEGATIVE ACTION Should the Board not adopt Resolution No. 5164 approving the Authority’s budget for fiscal year 2013-2014, HACCC will not be in compliance with HUD regulations. Further, the Authority would not be able to fulfill its financial and programmatic obligations to program participants and property owners, as well as Authority employees, contractors and vendors. CLERK'S ADDENDUM APPROVED the 2013-2014 Annual Agency Budget; ADOPTED PHA Board Resolution No. 5164 Approving the Budget on HUD Form 52574; and DIRECTED the Housing Authority Director to review the Board of Supervisors Contra Costa County policy in regard to the use and restrictions of program reserve funds as a template or an example for the Housing Authority, in anticipation of further discussion. ATTACHMENTS Budget Attachments Budget Background Attachment