II. 3. Adopt Resolution No. 527, approving the Operating Budget for the period ending in 3/31/20 (HRA2019-03) February 28, 2018 HRA Report 2019-03
Public Housing Operating Budget
Proposed Action
Staff recommends the following motion: adopt Resolution 527, approving the Operating
Budget for the period ending 3/31/20.
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 2019, we will
receive Operating Subsidy funding from HUD to assist in the general operations at Dow
Towers. Currently, we are anticipating receiving approximately 85 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
• Resolution 527
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 Name:PHA Code:
PHA Fiscal Year Beginning:Board Resolution Number:
Acting on behalf of the Board of Commissioners of the above-named PHA as its Chairperson, I make the followin
certification and agreement to the Department of Housing and Urban Development (HUD) regarding the Board's
approval of (check one or more as applicable):
X Operating Budget approved by Board resolution on:
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)
Previous editions are obsolete form HUD-52574 (04/2013)
OMB No. 2577-0026
(exp. 04/30/2016)
PHA Board Resolution
Approving Operating Budget
U.S. Department of Housing
and Urban Development
Office of Public and Indian Housing -
527
Real Estate Assessment Center (PIH-REAC)
DATE
This information is required by Section 6(c)(4)of the U.S.Housing Act of 1937.The information is the operating budget for the low-income public housing
program and provides a summary of the proposed/budgeted receipts and expenditures, approval of budg
Public reporting burden for this collection of information is estimated to average 10 minutes per response,including the time for reviewing instructions,searching
existing data sources, gathering and maintaining the data needed, and completing and revie
4/1/2019
MN078
HRA Chair Signature:Date: 3/5/19
HOPKINS HOUSING AUTHORITY
3/5/2019