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RESOLUTION NO. 2 /J 13
RESOLUTION BY THE CITY COUNCIL OF THE CITY OF WATERLOO,
IOWA, AS THE WATERLOO HOUSING AUTHORITY, APPROVING AND
ADOPTING REVISION NUMBER ONE (1) OF THE 1979-80 FISCAL
YEAR OPERATING BUDGET FOR RIDGEWAY TOWERS , PROJECT NO.
IA-50-3.
WHEREAS , the Original FY 1979-80 operating budget for the
project was an estimate; and,
WHEREAS , certain income and expenditures during the fiscal year
have been different than the original projections ,
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
excess of that payable under the provisions of
these 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 approved 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 Code of Federal Regulations ,
in that the aggregate annual gross rent of families residing in the
dwelling units for the fiscal year beginning July 1, 1979 will not
be less than an amount equal to one-fifth (1/5th) 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" $ 179 ,051
2 . Total Annual Gross Rent $ 44 ,484
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
reexamining 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 reexamined
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 9th day of June, 1980 .
In witness whereof I have hereunto set my hand this 9th day of June, 1980.
Gene O. Colbu n
certify this is a true and correct statement.
(1)
RESOLUTION NO. 7 0 3
(CONTINUED)
Passed and adopted this 9th day of June , 1980,
approved by the Mayor this 9th day of June , 1980.
/
Leo P. Rooff, May r
ATTEST:
/2
urF-
Larry City Clerk
CERTIFICATE
I , Larry Burger, City Clerk of the City of Waterloo, Iowa, do hereby
certify that attached hereto is a true and complete copy of
Resolution No. ,270 3 I as passed and adopted by the Council
of the City of Waterloo, Iowa, on the 9th day of June
1980.
Witness My Hand and Seal of Office this 9th day of June
1980 .
-)SEAL �!
Cit Clerk _
(2)
: .
. _ . e
7 Form Approved
OMB No.63-R0808 Pnae I at 2
J.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT TYPE OF HUD-ASSISTED PROJECT(S): '
LOWRENT HOUSING PROGRAM LHA-Owned Rental Housing. . . . . . . . X
OPERATING
ERA INO BUDGET
LHA-Leased Housing-Section 23 or 10(c) . .
JUNE 30, 80 LHA-Owned-Homeownership
For Fiscal Year Ending _ LHA-Leased-Homeownership. . . . .
-_
l J ORIGINS, XX 1 LHA-Conveyed Project-Administration Contract.
I c':ATERLOO HOUSING AUTHORITY KC-3047
I IA-50-3
WATERLOO, IOWA I NO. OF D.U. INO. OF UNIT NMONT HS UrA
50 AVAILABILITY:
lI- -
,,- - "'A OFFICE: --_. __ I HUD REGIONAL OFFICE - r I -'�_ _�_.--- _-._-
ACTUALs,ESTIMATES REQUESTED BUDGET ESTIMATES
LAST i OR
FISCAL I ACTUALS- II
YEAR CURRENT] LHA ESTIMATES !HUD MODIFICATION'.
r,l:;S MOINES , IOWA KANSAS CITY, MO. IEUDGET 17- IIII I
78 79 AMOUNT I AMOUNT
i - I -� FJM PuM t='LLM (ToNearest$1G1 PUM (T 1tsrt-0 St 0'
Hamebuyers Monthly Payments For: I;
j '0 I Operating Expenses
y
t C; I Earned Home Payments Account
- - -- -- -OU' Nonroutine Maintenance Reserve _
H , -
--1 Total Break-Even Amount(Sum of Lino, oil, o0 003)-
--r -
I 005 Excess ( or Deficit) in Break-Even Amount I 1�-- II '- "
00 Homebuyers Monthly Payments (Contra) -
- - _
OPERATING RECEIPTS: � �- --- `-
70 . 81 75 . 7180 . 00 48 ,000 1,j I
OH) Dwelling Rentals
023
'," .-n Excess Utilities 3. 15 3. 58 3. 60 2 , 160 ',
r F-
030 I Q-l Nondwel ling Rentals t -
Ott vl Total Rental Income - I -�
LT, , I 73.96 7 7 .4 7 8 3. 6 0 50, 160 -_--
05o 1 Interest on General Fund Investments
1. 38 1. 30 2 . 00 1,200
000 I Other Operating Receipts . 00 . 77 . 63 �80
0 .. TOTAL OPERATING RECEIPTS EXCLUDING HUD CONTRIB. '_
= - -- 75 . 33 81. 7686 .23 51,70
OPERATING EXPENDITURES: -
I ADMINISTRATION: ---
. Salaries 9 . 31 8. 00 9 . 50 5 , 700 11
I ; Administration Expenses Other Thar Salaries 1 37 3 . 25 4 . 00, 2 ,400 T
tgrl 1 Tl ministratio Expenses
I_ ---- p - - 1-0 68 11. 25,13. 50 8, 100
j TENANTota'SERVICESAd : n
I Salaries
. 00 . 00
Recreation, Publications and Other Service
73i, Contract Costs- Training and Other. 3!
L
?`, I Total Tenant Services Expenses . 83 500
UTILITIES:
. 00
s1t r Labor - -
II
z r _`
Utilities - ii -
- - 2455 . 081 333050
43. 45 44 .2455 . 08 3g1 ' Total Utilities Expenses 43 . 45 4d ! 33,050
I _ _ _ -_ .-
-' Imo.---- ARY MAINTENANCE AND OPERATION:
410 .4 z II'-Labor - -_ .
l � 8. 02 11.0711. 30. 6 , 780
420 f Materials 3. 22 3 . 36 5 .67,___3, 400
L
430 I ti n Contract Costs
4 . 29 450 0 �._� - - - p�__ '15 . 5 4 . 211 .3 8 2 3_.4 95 7 14 ,080
3, 900
_ total Ordinary Maintenance and Operation Expenses 14 r 080
1 i ,.,r, PROTECTIVE SERVICES: -__
xi
Labor I
460 ..!
- ,
47F zI-I Materials 1 -- - --
i
48C Contract Costs I i - - - -
49ni
1 + it Protective Services Expenses J
,'GENERAL EXPENSES.
} _
. 00 1,600
51 Insurance . 00 2 . 67 '
520 ; 1 Payments in Lieu of Taxes 3 . 05 3 . 53 2 . 85 1, 710 1
530 I Terminal Leave Payments
.540 I Employee Benefit Contributions _ 1. 66 66 2 . 79 79 3 . 12 1, 870
r
-} - +550 l Collection Losses I -
1 -.
S-G ! ? Other General Expenses I I I i+
1`} Total General Expenses 4 . 71 6. 32 8 .68 5 , 180 180
f 0( li TOTAL ROUTINE EXPENSES _
L I _ -- 7 4 . 3 7 8 3 . 18101. 5 2 6 0r 910
L iC RENTS TO OWNERS OF LEASED DWELLINGS
690 :I TOTAL OPERATING EXPENSES 74 . 37 83. 18101. 52601910
• NONROUTINE EXPENDITURES: I - --
w
TIC) Extraordinary Maintenance S@WeY/SOCl/UPape�W11"1C� . 00 . 00 4 . 2 7 2,560
Replacement of Equipment
,3 Eiet erments and Additions
Other fdonroutine Ex enditures 1..,%,.2,,,c,::, :i., 1
79Q TOTAL NONROUTINE EXPEND, ; . 00 . 00 4 .27 2,560,
HUD-52564
mr
:4 4,64-31'
HUD—*25611
Joajo 972
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT NAME of LOCAL ,auT,O<I T
LOW-RENT HOUSING PROGRAM
OPERATING BUDGET WATERLOO HOUSING AUTHORITY
Lc , ,TY
., Fiscal Year Ending DUNE 30 t _ 19 £0
WATERLOO, IOWA
ORIGINAL YREV!SION NO: 1
l KC-3047 ACTUALS ESTIMATt s REQUESTED BUDGET ESTIMATES
._ -- - - LAST OR
Put T NO.(S): FISCAL IACTUALSi
IA-50-3 YEAR CURRENT LHA ESTIMATES I HUD MODIFICATIONS
T7 F HOD-ASSISTED PR OJ E+r T{S): --- ----- BUDGET^-
p YEAR 1
LHA- w-,ed-Rental Housing LHA-Leased-Homeownershi f 19 78 19 79 AMOUNT AMOUNT
LHO.'- ased-Section 23 or 10(c)
PUM RUM I� PUM (To Nearest r'UM (Tc�,'1'eare�r3hi
LHA-Conveyed Protect
LHA-O.-:ned-Homeownership Administration Contract
Li':.r _ (1) ------- (2) ( (3) (4) (5) - (6)
1 _ OTHER EXPENDITURES:
8100 Prior Year.Adjustments ---
820 Other Deductions ---
1. 21 . 25 . 00 . 00 — —
810 Total Other Expenditures ^1.21 . 25 . 00 00`
—]
8°0 TOTAL OPERATING EXPENDITURES 75 .58 83. 421-05 7E 63_,470.
RESIDUAL RECEIPTS (OR DEFICIT) BEFORE HUD CONTRIBU
903 TIONS AND PROVISION FOR OPERATING RESERVE: ( . 25) 1. 67) 19. 5' ) (11, 731 )
91u LBasic Annual Contribution (Leased Project)
RESIDUAL RECEIPTS (OR DEFICIT) BEFORE OTHER HUD CONS
11 )
920. ' TRIBUTIONS AND PROVISION FOR OPERATING RESERVE: ( . 25) (1. 67) K19. 55) (11, 73r )
OTHER HUG CONTRIBUTIONS -+_._ .._...____., _,_,_„__ _
f
__
93J 1 Operating Subsidy . 00 17 .50 116 . 2 9 , 72
940 I Special Family Subsidy ---T — --
950 — _
960 Total Other HUD Contributions
�,_ 0 0 7.50 16 . 21 9 7 --
aril Residual Receipts (or Deficit) before Reserve (. 25) 5 . 83 I (3. 3L)_' (2s 00 )
980 , Provision for Operating i_ _
-'
- - .25 5 . 83 3. 3i) (2100 )
990 [ Residual Receipts (or Deficit) 00 00 O
_______]
! - 4 oo
OPERATING RESERVES 1
FOR A CONTRACT OR PROJECT
Part I — Maximum Operating Reserve —
End of Current Budget Year I
SECTION A - LHA=OWNED RENTAL HOUSING I t
I
I
01 One holf HUD-52564 of Line 600-Column 5- Form -52564 for a Contract_ 28 , 195 .
SECTION B - LHA-LEASED HOUSING - SECTION 23 OR 10(C) — IS
` :_
02 One-half (50%) of Line 600-Column 5 - Form HUD-52564 for a Project
SECTION C - LHA-OWNED OR LEASED HOUSING -HOMEOWNERSHIP
— I
5' , Ot,e-half (50%) of Line 600-Column. 5- Form HUD--52564 fora Project
34 One-third (33-1/3%) of Line 004-Column 5- Form HUD-52564 for a Proiect
Total (Sum of Lines 03 and 04)
Part 11 --- Provision for and Estimated or Actuo(
Operating Reserves at Year End
.3A Reserve at End of Previous Fiscal Year -_ Ac uo) r.
1979
' 3 , 500. 14
:7 Frovision for Reserve - Current Bache:" Ye0,eserve of End
E sti:t oted or Actual
i
--- - - 1980 (2, 004 . 00)
r rry of Current Budget Year E timated or Act
1980 1,496 . 14
09 Provision for Reserve - Requested Budget Year- Estimated
10 . Rese ' r:i of Requested Budget Year - Estimate:I
WATERLOO HOUSING AUTHORITY
GENE O. COLBURN, HOUSING MANAGER 6-1-80
/A'anie and 1 ith.)
-_r r. --- —
Ask: �a',=PRO';-Al
(N ar.e and Title) ....