HRA Agenda Pkt 2017 3-21
HOPKINS HRA SPECIAL MEETING
March 21, 2017
7 p.m.
I. CALL TO ORDER
II. CONSENT AGENDA
ITEM 2017-04 Adopt Resolution 519, approving HRA Budget
For April 1, 2017, through March 31, 2018
Recommendation: approve consent agenda
Board Action: ________________________________________
III. ADJOURNMENT
Board Action: ________________________________________
CUMMINGS
CAMPBELL
GADD
HALVERSON
KUZNIA
MORNSON ELVERUM
March
_S M T W T F S
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31
April
_S M T W T F S
1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29 30
March 16, 2017 HRA Report 2017-04
Public Housing Operating Budget
Proposed Action
Staff recommends the following motion: adopt Resolution 519, approving the Operating
Budget for the period ending 3/31/18.
With approval of this motion, staff will complete the Operating Budget documents and
make them available to HUD for their review, adjustment and approval.
Overview
Each year the HRA is required by the Department of Housing and Urban Development
(HUD) to develop and approve a budget for the operation of the 76 units of Hopkins
HRA-owned Public Housing at Dow Towers. HUD currently distributes Operating
Subsidy based on the calendar year rather than the HRA fiscal year. In addition to
preparing the fiscal year budget, HUD annually requests the submission of the
Operating Subsidy Calculation. When Congress determines the amount of funding for
public housing programs, we will be notified of the actual amount. For 2017, we will
receive Operating Subsidy funding from HUD to assist in the general operations at Dow
Towers. Currently, we are anticipating receiving approximately 80 percent of federal
Operating Subsidy. The Operating Budget is for our use as a guide during our budget
year; however, HUD requires the Budget to be reviewed and approved by resolution.
Supporting Information
• Calculation of Operating Budget Forms HUD-52564
• HUD Form 52574/HRA Resolution 519
Alternatives
The HRA has the following alternatives regarding this issue:
1. Approve the action as recommended by staff.
2. Continue for further information.
____________________________
Stacy Unowsky, Executive Director