HomeMy WebLinkAbout1991-11-20 EHA BUDGET MEETING, ,r
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ENGLEWOOD HOUSING AUTHORITY
Board of Commissioners
Budget Meeting
November 20, 1991
CALL TO ORDER
The special meeting to review and consider approval of the
Englewood Housing Authority Fiscal Year 1992 Budget was
called to order at 6:15 p.m. on Wednesday, November 20,
1991, by Chairman Thomas J. Burns, at 3460 South Sherman
Street, Suite 103, Englewood, Colorado, 80110.
Members Present:
Members Absent:
Also Present:
STUDY SESSION
Thomas J. Burns, Chairman
Norleen Norden, Vice Chairman
R. J. Berlin, Commissioner
Sheri Gulley, Commissioner
Bradley Zieg, Commissioner
None
Paul Malinowski, Executive Director
Mary A. Ryan, Recording Secretary
There was no Study Session held at this meeting of the
Englewood Housing Authority Board of Commissioners.
KXNUTES
There were no minutes considered for approval at this
meeting of the Englewood Housing Authority Board of
Commissioners.
DISCUSSION ITEMS, MOTIONS, AND RESOLUTIONS
A. Adoption of Resolution No. 8, Series of 1991,
approving the revised Low Rent Public Housing
Operating Budget for fiscal year ending December 31,
1991;
and
adoption of Resolution No. 9, Series of 1991,
approving the consolidated agency budget for fiscal
year ending December 31, 1992.
,
EHA Budget Meeting
11/20/91
The Executive Director went over each section of the
FY '92 Budget. Briefly discussed were the Work Plan,
the Notes of Significance, Common and Indirect
Expenses, the Indirect Cost Allocation Resolution
passed in 1989, and the agency Consolidated Budget.
The reason each section was included in the total FY
'92 budget was explained.
The Work Plan was discussed in detail. Commissioner
Zieg suggested that deadline dates be added to the
measurement standards which do not have one.
Commissioner Gulley suggested that when showing dollar
amounts for the financial resources required for such
work plan items as converting the current telephone
system or the purchase of a facsimile machine, that it
be indicated that the dollars to be spent cover both
the study for the best system and the purchase of the
actual system.
Other specific questions from the commissioners were
addressed concerning the Maintenance Divisions' Work
Plan, e.g. the projected cost of painting units at
orchard Place versus the cost of painting units at
Simon Center. The Executive Director explained the
difference in cost was because Simon Center would be
contracting out this work while Orchard Place's work
in these areas would be accomplished using EHA
maintenance personnel.
The programs' reserves and fund balance levels were
discussed at length. It was suggested that the
Reserve and Fund Balance Level Analysis reflect Simon
Center's restricted reserves as well as the
unrestricted reserves in a footnote. Also discussed
was the projected increase in Simon Center's reserves
due to EHDC's anticipated closing on the WAND
permanent financing with CHFA and the subsequent
release of the certificate of deposit now
collateralizing the WAND loan at First Interstate Bank
of Englewood. The reason for the shortfall between
the amount of the anticipated increase to Simon
Center's reserves paid at WAND refinancing and the
amount of the CD collateralizing the present WANO loan
with First Interstate Bank was discussed briefly.
This form will be revised to reflect that shortfall.
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EHA Budget Meeting
11/20/91
IT WAS MOVED BY COMMISSIONER ZIEG TO ADOPT RESOLUTION NO. 8, SERIES OF
1991, APPROVING THE ENGLEWOOD HOUSING AUTHORITY REVISED OPERATING BUDGET
FOR LOW RENT PUBLIC HOUSING PROGRAM FOR THE FISCAL YEAR ENDING DECEMBER
31, 1991. VICE CHAIRMAN' NORDEN SECONDED THE MOTION.
Ayes:
Nays:
Abstained:
Absent:
Burns, Norden, Berlin, Gulley, Zieg
None
None
None
The Chairman declared the motion carried.
IT WAS MOVED BY COMMISSIONER ZIEG TO ADOPT RESOLUTION NO. 9, SERIES OF
1991, APPROVING THE ENGLEWOOD HOUSING AUTHORITY CONSOLIDATED OPERATING
BUDGET FOR PISCAL YEAR ENDING DECEMBER 31, 1992. COMMISSIONER GULLEY
SECONDED THE MOTION.
Ayes:
Nays:
Abstained:
Absent:
Burns, Norden, Berlin, Gulley, Zieg
None
None
None
The Chairman declared the motion carried.
The Commissioners expressed their gratitude to the
Executive Director and staff for the clarity and
completeness of the budget presented. They stated it was
easily read and understood.
IT WAS MOVED BY COMMISSIONER GULLEY TO ADJOURN THE SPECIAL MEETING OP THE
ENGLEWOOD HOUSING AUTHORITY BOARD OP COMMISSIONERS HELD ON NOVEMBER 20,
1991, TO REVIEW AND CONSIDER APPROVAL OP THE ENGLEWOOD HOUSING AUTHORITY
FISCAL YEAR 1992 BUDGET. COMMISSIONER BERLIN SECONDED THE MOTION.
The meeting adjourned at 8:00 p.m.
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Mary A. Ryan, Recording Secretary
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