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Home My WebLink About1982-282-06.28.1982 RESOLUTION NO. 1982-282 RESOLUTION BY THE CITY COUNCIL OF THE CITY OF WATERLOO , IOWA , AS THE WATERLOO HOUSING AUTHORITY , APPROVING SUBMISSION OF PROPOSED FISCAL YEAR ENDING JUNE 30 , 1983 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 " 238 ,669. 2. Total Annual Gross Rent 59 , 664. 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. I rnCrnc:> ru =. :max O el. rf C4 ..,,- RESOLUTIONNO. 1982-282 CONTINUED : In witness whereof , I have hereunto set my hand es 28th da r of 'June , 1982. r,a / 0 a-. w. ne o rrn s s Rassedand adopted this 28th day of June , 1982 . o c.; :_, F-- C‹ 2 '--.6.C7 .-- -4Perli/ CO -, �i l� Leo P. Rooff, Mayo c cvm t I-) ST : : ` >` = c t.e rrir,._ A, i I Mich ale Tmeyer, Deputy Cite Clerk c n- Q" SC rH ry I-- CD 7D 1 in z W Ca CO C) CD — • • • — , • —- , .17? .7: T _ _- : : " • , . :• :• h•! . • ..1.• . rC .- 1-• .•: •.'._ ' , .• • ..„ . .• • . , WIERLOO HOUSING AUTfigilITY 6—2 8—8 2 _______ _ • A 7 s.•.• i . ^ . •' ' i rr) - - : • - • • ,• • , - rat • _ • • 4- 1.! t -. S. • . . : (..11' —• :i2. Cif: _ ,` I ----------- — • — - - ' • 1.; r '1/4.7! -"•*- Approve : by ...• c:• : • Or fic . 5. *, . ;:. : . c fr• Ciffi — — -1) -)t•TT.'s " C • • • • •` ' `• -- • . ._ ._- . _ . HUD-52564 Form Approved Page 1 of 2 . Janua7y 1972 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 Mil OPERATING BUDGET LHA-Leased Housing-Section 23 or 10(c) I I LHA-Owned-Homeownership I For Fiscal Year Ending JUNE 30, 19 82 LHA-Leased-Homeownership I I [-] ORIGINAL n REVISION NO. NO. 1 LHA-Conveyed Project-Administration Contract NAME OF LOCAL AUTHORITY: CONTRACT NO.(S): KC-3047 WATERLOO HOUSING AUTHORITY PROJECT NO.(S): LOCALITY: IA-50-3 NO.OF D.U. NO. OF UNIT MONTHS OF AVAILABILITY: WATERLOO, IOWA 50 600 HUD AREA OFFICE: HUD REGIONAL OFFICE: ACTUA LS'ESTIMATES REQUESTED BUDGET ESTIMATES LAST OR FISCAL ACTUALS YEAR CURRENT LHA ESTIMATES HUD MODIFICATIONS DES MOINES, IA. KANSAS CITY, MO. BUDGET YEAR 19 80 19 81 AMOUNT AMOUNT PUM PUM PUM (ToNearest$10) PUM (To Nearest$10; LINE NO. (1) (2) (3) (4) (5) (6) (7) Homebuyers Monthly Payments For: 001 Operating Expenses 002 Earned Home Payments Account 003 Nonroutine Maintenance Reserve 004 Total Break-Even Amount(sum of Lines 001, 002, & 003) 005 Excess ( or Deficit) in Break-Even Amount 006 Homebuyers Monthly Payments (Contra) OPERATING RECEIPTS: 010 Dwelling Rentals 75. 18 6. 19 91. 74 55, 040 020 0 vn Excess Utilities 4 21 4 2 2 • , 1 040 Nondwelling Rentals : s • • • • . 1 040 � 1,...u, Total Rental Income • • • 050 n. Interest on General Fund Investments I_- cc 060 Other Operating Receipts • • • � I_- 090 TOTAL OPERATING RECEIPTS EXCLUDING HUD CONTRIB. rniraltiMirnalIMINIMIT11111..-- OPERATING EXPENDITURES: ADMINISTRATION: 110 Salaries 12. 3211 .94 11. 58 6,950 120 Administration Expenses Other Than Salaries 3.92 7. 53 3.23 1 940 190 Total Administration Expenses 16.2519.47 14. 82 8, 890 TENANT SERVICES: 210 I Salaries 220 Recreation, Publications and Other Services • 91 29 87 520 230 Contract Costs - Training and Other E I I , , • 2 S 290 Total Tenant Services Expenses 111111 2• a UTILITIES: 310 , Labor 320 Irti Utilities 45 .79 ! 6. 39 73.57 44 140 390 1.. Total Utilities Expenses 45. 79 ( 6._39 44 ,140 a w ORDINARY MAINTENANCE AND OPERATION: Z 410 w Z Labor : 4 : : • 4 420 x t. Materials 5 .2.9 7. 36 2.60 1, 560 ixr 430 0 0 Contract Costs 7_ 94 6_ 51 5_ 81 3, 500 450 Z 0 Total Ordinary Maintenance and Operation Expenses _71 t _� 0 1 _�6 1 7, 700 Q PROTECTIVE SERVICES: 460 w Labor 470 cai Materials 480 Contract Costs 490 Total Protective Services Expenses GENERAL EXPENSES. 510 Insurance .04 .05 30 520 Payments in Lieu of Taxes 3. 36 -2. 79 . 00 00 530 Terminal Leave Payments 540 Employee Benefit Contributions 2_86 3_2_0 4_6. 2, 810 550 Collection Losses 560 Other General Expenses A 600 Total General Expenses 6 77 D 03_ I _ 1 6, 100 TOTAL 600 TOTAL ROUTINE EXPENSES 610 'RENTS TO OWNERS OF LEASED DWELLINGS i 690 TOTAL OPERATING EXPENSES • NONROUTINE EXPENDITURES: w 710 Z Extraordinary Maintenance .00 3. 64 I .00 00 720 m Replacement of E.ui.ment 2 . 43 . 00 I . 83 500 730 cc Betterments and Additions .29 .00 I . 00 00 740 0 Other Nonroutine Expenditures I I 790 Z TOTAL NONROUTINE EXPENDITURES 2 . 79 3.64 1 . 83 500 HUD-52564 IIUL 52564 Page 2 of 2 January 19/2 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 82 IAORIGINAL X,Xj REVISION NO. NO. 1 WATERLOO, IOWA CONTRACT NO.(S): KC-3047 ACTUALS ESTIMATES REQUESTED BUDGET ESTIMATES LAST OR PROJECT NO.(S): FISCAL ACTUALS IA-50-3 YEAR CURRENT LHA ESTIMATES HUD MODIFICATIONS BUDGET TYPE OF HUD—ASSISTED PROJECTIS): YEAR 80 81 AMOUNT AMOUNT LHA-Owned-Rental Housing [ LHA-Leased-Homeownership � [ tg 19 LHA-Leased•Section 23 or 10(c) LHA•Conveyed Project PUM PUM PUM (ToNearest$10) PUM (ToNearest$10, LHA-Owned-Homeownership L J Administration Contract [_-J LINE NO. (1) (2) (3) (4) (5) (6) (7) OTHER EXPENDITURES: 810 Prior Year Adjustments 820 Other Deductions 830 Total Other Expenditures 890 TOTAL OPERATING EXPENDITURES 93,60107. 80121. 83 73,080 RESIDUAL RECEIPTS (OR DEFICIT) BEFORE HUD CONTRIBU- 900 TIONS AND PROVISION FOR OPERATING RESERVE: (7 , 940) 910 Basic Annual Contribution (Leased Project) RESIDUAL RECEIPTS (OR DEFICIT) BEFORE OTHER HUD CON- 920 TRIBUTIONS AND PROVISION FOR OPERATING RESERVE: OTHER HUD CONTRIBUTIONS 930 Operating Subsidy 13,525 940 Special Family Subsidy 950 960 Total Other HUD Contributions 970 Residual Receipts (or Deficit) before Reserve 5,585 980 Provision for Operating Reserve 990 Residual Receipts (or Deficit) 1 OPERATING RESERVES FOR A CONTRACT OR PROJECT LINE Part I — Maximum Operating Reserve — NO. 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) 02 • .r0 • SECTION -52564 for a Project • • • •• 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 06 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 10 Reserve at End of Requested Budget Year — Estimated l IIA APPROVAL: WATERLOO HOUSING AUTHORITY GENE O. COLBURN, EXECUTIVE DIRECTOR -6-28-82 (Name and Title) (Signatu (Date) AREA OFFICE APPROVAL (Name end Title) (Signature) (Date)