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Home My WebLink About1982-281-06.28.1982 RESOLUTION NO. 1982-281 RESOLUTION BY THE CITY COUNCIL OF THE CITY OF WATERLOO , IOWA , AS THE WATERLOO HOUSING AUTHORITY , ADOPTING REVISION NO. ONE ( 1 ) OF THE FISCAL YEAR ENDING JUNE 30 , 1982 OPERATING BUDGET FOR RIDGEWAY TOWERS , IA-50-3. WHEREAS , the project operating budget must be submitted to the U . S . Department of Housing and Urban Development in order to be eligible for performance funding operating sibsidy, NOW , THEREFORE , BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA THAT : 1 . The proposed expenditures are necessary in the efficient and economical operation of the Waterloo Housing Authority for the purpose of service to low- income families in the City of Waterloo, Iowa 2 . The financial plan is reasonable in that : ( i ) It indicates a source of funding adequate to cover all proposed expenditures . ( ii ) It does not provide for use of Federal funding in excees of that payable under the provisions of those regulations . 3 . All proposed rental charges and expenditures will be consistent with provisions of federal law and the Annual Contributions Contract . Pursuant to the rent schedule provided by the U . S . Department of Housing and Urban Development , the Waterloo Housing Authority certifies that it is in compliance with the provisions of Section 860 . 407 , Subpart D of Title XXIV of the Co-e of Federal Regulations , in that the aggregate anual gross rent of families residing in the dwelling units for the fiscal year beginning July 1 , 1972 will not be less than an amount equal to one-fifth ( 1/5) of the sum of the "Family Income" , as defined in 24 CFR 860-403( f) , of all such families , as evidenced by the following estimates for the fiscal year : 1 . Aggregate Annual "Family Income " 259 ,961 . 2. Total Annual Gross Rent 64 , 990. 3 . Annual Rent- Income Ratio : Line 2 divided by Line 1 25%. In addition , pursuant to 24 CFR 890. 115 , the Waterloo Housing Authority is in compliance with Section 207 (a) of the Annual Contributions Contract , which states in part , that the PHA is re-examining the incomes of families living in the project at least once a year , except that families whose heads or whose sole members that are sixty-two ( 62 ) years of age or over are re-examined once every two (2 ) years . CERTIFICATE I Gene 0 . Colburn , the duly appointed Executive Director of the Waterloo Housing Authority of Waterloo, Iowa , do hereby certify that the above Resolution is a true copy of the Resolution passed by the Waterloo Housing Authority of Waterloo, Iowa at a regular meeting held on the 28th day of June , 1982. --r- CD rrl Cv RESOLUTIA-) NO. 1982-281 CONTINUED : In witness whereof, I have hereunto set my hand s 28th day of i_Julit, 1982. 9— "M 71 • ka+ = 9-- Passed and adopted this 28th day of June , 1982 . _-, c.,- Wy:_____ • = CO 2 Leo P. Rooff, M o m 0; UTE Sr:' ;If c'l ' s) rT-:. ) --12 \\7, ....../ LTrLfall '1-( Michelk Temeye.,),.r, Deputy Ci -,-, ....„ ..,... c-,., ,- ZS,: M .....4 ... cr >- ‹cr -.: w c-D c .---, ,--- CD = 9 M CK rn • --1 c) cA,) ,..., c v w , Certificate Z.A.p vvt \I 11 7T- L 17 i c...k L. .S. LEXIL191.1- f, City Clerk of,the City of Waterloo, Iowa, do hereby certify that attached hereto is a true and complete copy of k)(,.\s.gtui I 3 n No! passAd and adopted by the Council of the City of Waterloo, Iowa, on the ca2-e day 19...L.12— (,---- i Witness My Hand and Seal of Office this -19 day of NJ Lin k-- , 19 % (I SEAL '4U-- --/ fOcti-p\AI s City Clerk / I • L__ • . ............__.7 ,•::: „.:,_....,_.. ,_ • , . . ,. . . . .. .. . . . • .. . , . r.c,........ " 7:.' i .::..,:'_. • :. - _ . . , . . , ,, Wt/ERI.00 HOUSING AUPf-OR Y 4 I 6-28-82 .t:. •t- - , { 1 1 IT -:_ ...._: ._C.. t...1 . J _''1-...T "T. 1 I 1 i ID-52564. Form Approved Page 1 at 2 i sa'uory 19�2 OMB No. 63-R0808 g U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT TYPE OF HUD-ASSISTED PROJECT(S): LOW-RENT HOUSING PROGRAM LHA-Owned Rental Housing OPERATING BUDGET LHA-Leased Housing-Section 23 or 10(c) U DUNE 30 83 LHA-Owned-Homeownership L i For Fiscal Year Ending 19 LHA-Leased-Homeownership ORIGINAL ' _ REVISION NO. LHA-Conveyed Project-Administration Contract j j AME OF LOCAL AUTHORITY: CONTRACT NO.(S(: KC-3047 WATERLOO HOUSING AUTHORITY PROJECT NO.(S): .00ALITY: IA-50-3 NO.OF D.V. NO. OF UNIT MONTHS OF AVAILABILITY: WATERLOO, IOWA 50 600 UD AREA OFFICE: HUD REGIONAL OFFICE: ACTUALS ESTIMATES REQUESTED BUDGET ESTIMATES CURRENTLAST OR FISCAL ACTUALS YEAR LHA ESTIMATES HUD MODIFICATIONS DES MOINES , IA KANSAS CITY, MO BUDGE YEA_ • 8 •. AMOUNT AMOUNT PUM PUM PUM (ToNearest/10) PUM (ToNearest$10; LINE NO. (1) (4) (5) (6) (7) Homebuyers Monthly Payments For: `01 Operating Expenses 02 Earned Home Payments Account 03 Nonroutine Maintenance Reserve _ 04 Total Break-Even Amount(Sum of Lines 001, 002, & 003) 05 Excess ( or Deficit) in Break-Even Amount .06 Homebuyers Monthly Payments (Contra) OPERATING RECEIPTS: 10 Dwelling Rentals 76 . 19 91. 74106.82 64 ,090 20 vi Excess Utilities 4. 72 3.23 .00 00 Z f- 30 t- a Nondwelling Rentals 40 4r1 U Total Rental Income 80. 91- 94 . 97'106. 82. 64 ,096 50 0_ yj Interest on General Fund Investments _ 1. 18 . 78- 1.25 750 tx 60 Other Operating Receipts 1. 39 12. 82 .00 00 90 TOTAL OPERATING RECEIPTS EXCLUDING HUD CONTRIB. 83.48108. 57)_08.0,7 64 ,_840 OPERATING EXPENDITURES: ADMINISTRATION: 10 Salaries 11. 94 11.58 11.67 7, 000 20 Administration Expenses Other Than Salaries 7. 53 3.23 1. 07 640 I 90 Total Administration Expenses 19 .47 14 .81 12.73 7,646 TENANT SERVICES: '10 Salaries .20 Recreation, Publications and Other Services .29 . 8-7 .0) 00 30 Contract Costs - Training and Other .00 . 38 .00 00 . 90 Total Tenant Services Expenses .29 1.25 .00 00 UTILITIES: 10 v. Labor i ;20 CL Utilities 46 . 39_73.57 76 .67 46,000 90 H Total Utilities Expenses ,46_.39_ 73_. 57., 76_67 46400d E W ORDINARY MAINTENANCE AND OPERATION: 10 w Z Labor _ _• _ 8. 11 12. 73 12. 67 7,600 20 x F- Materials 7. 36 2 .60 2.5 3 1, 500 30 D Contract Costs 6 .51. 5. 81 5. 83 3,500 50 Z o Total Ordinary Maintenance and Operation Expenses 21. 98 21. 16 21.0 3 12, 600 I QtY PROTECTIVE SERVICES: 60 w Labor 70 Oa Materials 30 Contract Costs 90 Total Protective Services Expenses GENERAL EXPENSES. 510 Insurance . 04 . 05 .03 30 20 Payments in Lieu of Taxes 12 . 79 . 00 . 00 00 530 Terminal Leave Payments i 540 Employee Benefit Contributions 3.20 4 .6 8y 4 .63 2 ,810 i50 Collection Losses 60 Other General Expenses 5.43 .90 Total General Expenses 16 .03. 10.16. 4 . 73 2, 840 00 TOTAL ROUTINE EXPENSES 510 _ 'RENTS TO OWNERS OF LEASED DWELLINGS ;90 TOTAL OPERATING EXPENSES NONROUTINE EXPENDITURES: w 10 Z Extraordinary Maintenance 20 j Replacement of Equipment _ 30 ct Betterments and Additions '40 ZZ Other Nonroutine Expenditures _ '90 Z TOTAL NONROUTINE EXPENDITURES HUD-52564 D-525A Page 2 of 2 uory 1972 U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT NAME OF LOCAL AUTHORITY: LOW-RENT HOUSING PROGRAM OPERATING BUDGET WATERLOO HOUSING AUTHORITY LOCALITY: For Fiscal Year Ending JUNE 30 , 19 83 Tern kx ORIGINAL �' REVISION NO. WATERLOO, IOWA ONTRACT NO.(S): KC-3047 ACTUA LS ESTIMATES LAST OR REQUESTED BUDGET ESTIMATES ROJECT NO.(S): FISCAL ACTUALS IA-50-3 YEAR CURRENT LHA ESTIMATES HUD MODIFICATIONS BUDGET' YPE OF HUD-ASSISTED PROJECT(S): YEAR HA-Owned-Rental Housing jXX LHA-Leased-Homeownership 19 80 t9 81 AMOUNT AMOUNT HA-Leased-Section 23 or 10(c) I 1 LHA-Conveyed Project PUM PUM PUM (ToNearest$10)1 PUM (ToNearest$10, HA-Owned-Homeownership Li Administration Contract El I _INE NO. (1) (2) (3) (4) (5) (6) (7) OTHER EXPENDITURES:10 Prior Year Adjustments 20 Other Deductions 30 Total Other Expenditures 107. 80:21 . 80115. 13 69 ,080 90 TOTAL OPERATING EXPENDITURES RESIDUAL RECEIPTS (OR DEFICIT) BEFORE HUD CONTRIBU- 00 TIONS AND PROVISION FOR OPERATING RESERVE: (4 , 240 )10 Basic Annual Contribution (Leased Project) - RESIDUAL RECEIPTS (OR DEFICIT) BEFORE OTHER HUD CON- 20 TRIBUTIONS AND PROVISION FOR OPERATING RESERVE: OTHER HUD CONTRIBUTIONS 30 Operating Subsidy 40 Special Family Subsidy 50 50 Total Other HUD Contributions - 70 Residual Receipts (or Deficit) before Reserve 80 Provision for Operating Reserve 90 Residual Receipts (or Deficit) OPERATING RESERVES FOR A CONTRACT OR PROJECT INE Part I - Maximum Operating Reserve - o. End of Current Budget Year SECTION A - LHA-OWNED RENTAL HOUSING $ 01 One-half (50%) of Line 600-Column 5- Form HUD-52564 for a Contract SECTION B - LHA-LEASED HOUSING - SECTION 23 OR 10(C) $ One-ha If (50%) of Line 600-Column 5- Form HUD-52564 for a Project SECTION C - LHA-OWNED OR LEASED HOUSING - HOMEOWNERSHIP 03 One-half (50%) of Line 600-Column 5- Form HUD-52564 for a Project 04 One-third (33-1/3%) of Line 004-Column 5- Form HUD-52564 for a Project Total (Sum of Lines 03 and 04) Part II - Provision for and Estimated or Actual Operating Reserves at Year End 96 Reserve at End of Previous Fiscal Year - Actual $ 07 Provision for Reserve - Current Budget Year - Estimated or Actual 08 Reserve at End of Current Budget Year- Estimated or Actual 09 Provision for Reserve - Requested Budget Year- Estimated Reserve at End of Requested Budget Year - Estimated HA APPROVAL: WATERLOO HOUSING AUTHORITY GENE 0. COLBURN, EXECUTIVE DIRECTOR 6-7R-82 (Name and Title) (Sign, ure) (Date) REA OFFICE APPROVAL (Name and Title) (Signature) (Date)