II. 1. ITEM 2016-06 Public Housing Operating Budget, adopt Resolution 512March 8, 2016HRA Report 2016-06
Public Housing Operating Budget
Proposed Action
Staff recommends the following motion: adopt Resolution 512, approving the Operating
Budget for the period ending 3/31/17.
With approval of this motion, staff will completethe 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 currentlydistributesOperating
Subsidy based on the calendar year rather than the HRA fiscal year. In addition to
preparing the fiscal year budget,HUDannually requeststhe submission ofthe
Operating Subsidy Calculation.When Congress determines the amount of funding for
public housing programs,we will be notified of the actual amount.For 2016, we will
receiveOperating Subsidy funding from HUD to assist in the general operations at Dow
Towers.Currently, we are anticipating receiving approximately 85percentof federal
Operating Subsidy. The Operating Budget is for our useas a guide during our budget
year; however, HUD requiresthe Budget tobereviewed and approved by resolution.
Supporting Information
Calculation of Operating BudgetForms HUD-52564
HUD Form 52574/Resolution 512
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
PHA Board Resolution U.S. Department of HousingOMB No. 2577-0026
Approving Operating Budgetand Urban Development(exp. 04/30/2016)
Office of Public and Indian Housing -
Real Estate Assessment Center (PIH-REAC)
Publicreportingburdenforthiscollectionofinformationisestimatedtoaverage10minutesperresponse,includingthetimeforreviewinginstructions,searching
existing data sources, gathering and maintaining the data needed, and completing and revie
ThisinformationisrequiredbySection6(c)(4)oftheU.S.HousingActof1937.Theinformationistheoperatingbudgetforthelow-incomepublichousingprogram
and provides a summary of the proposed/budgeted receipts and expenditures, approval of budg
PHA Name:HOPKINS HOUSING AUTHORITYPHA Code:MN078
PHA Fiscal Year Beginning:04/01/2016 HRA Board Resolution No.:512
Acting on behalf of the Board of Commissioners of the above-named PHA as its Chairperson, I make the following
certification and agreement to the Department of Housing and Urban Development (HUD) regarding the Board's
approval of (check one or more as applicable):
DATE
XOperating Budget approved by Board resolution on:03/15/2016
Operating Budget submitted to HUD, if applicable, on:
Operating Budget revision approved by Board resolution on:
Operating Budget revision submitted to HUD, if applicable, on:
I certify on behalf of the above-named PHA that:
1.All statutory and regulatory requirements have been met;
2.The PHA has sufficient operating reserves to meet the working capital needs of its developments;
3.Proposed budget expenditure are necessary in the efficient and economical operating of the housing for the
purpose of serving low-income residents;
4.The budget indicates a source of funds adequate to cover all proposed expenditures;
5.The PHA will comply with the wage rate requirement under 24 CFR 968.110(c) and (f); and
6.The PHA will comply with the requirements for access to records and audits under 24 CFR 968.110(i).
I hereby certify that all the information stated within, as well as any information provided in the accompaniment herewith,
if applicable, is true and accurate.
Warning: HUD will prosecute false claims and statements. Conviction may result in criminal and/or civil penalties. (18
U.S.C. 1001, 1010, 1012.31, U.S.C. 3729 and 3802)
Molly CummingsSignature:Date: 3/15/16
form HUD-52574 (04/2013)
Previous editions are obsolete