City of Milwaukee - File #: R13016

• File #: R13016
• Version: 0
• Type: Housing Authority Resolution
• Status: Passed
• File created: 12/7/2018
• In control: HOUSING AUTHORITY
• On agenda: 12/13/2018
• Final action: 12/13/2018
• Title: Resolution approving HACM’s 2019 Fiscal Year Operating Budgets
• Sponsors: THE CHAIR

Date	Ver.	Action By	Action	Result	Tally
12/13/2018	0	HOUSING AUTHORITY	ADOPTED; Minutes note: Rick Koffarnus, HACM’s Finance Manager, Pam Watson, Budget Analyst, and Kaylin Nuss, Director of Strategic Initiatives, presented HACM’s 2019 Fiscal Year operating budgets, summarizing the documents included with the agenda. There was a discussion regarding the structure of next year’s budget review meetings with the Commissioners and how to better address questions and concerns as a whole versus in separate meetings with Board members	Pass	7:0

Number
R13016

Version
Original

Reference

Sponsor
The Chair

Title
Resolution approving HACM’s 2019 Fiscal Year Operating Budgets

Analysis

Body
WHEREAS, the Secretary-Executive Director is required to submit an annual operating budgets for the HACM’s Low Rent Public Housing program, Section 8 Housing Choice Voucher program, Non-subsidized Affordable Housing program (aka Berryland, Northlawn and Southlawn developments), and Central Office Cost Center for approval by the board; and

WHEREAS, the Housing Authority of the City of Milwaukee owns and manages 2,752 rental units under the federally-funded low rent public housing program; and

WHEREAS, the Secretary-Executive Director is required by regulations promulgated by the U. S. Department of Housing and Urban Development to develop property-based budgets and funding allocations consistent with the requirements of the Final Rule 79FR 54983 published in the Federal Register on 9/19/2005 as amended by PIH Notice 2006-14(HA); and

WHEREAS, the Secretary-Executive Director recommends that a total budget of $19,789,101 including the extraordinary maintenance items of $1,478,400 be approved for Fiscal Year 2019; and

WHEREAS, the Secretary-Executive Director recommends that the property-based budgets for all Asset Management Property (AMP) groupings be approved; and

WHEREAS, the Housing Authority of the City of Milwaukee (HACM) administers the federally funded Section 8 Housing Choice Voucher Program which serves more than 6,200 families; and

WHEREAS, the Secretary-Executive Director recommends an administrative budget for the year 2019 of $3,537,082 for the Section 8 Housing Choice Voucher Program; and

WHEREAS, the Housing Authority of the City of Milwaukee owns and manages 980 rental units of non-subsidized rental housing; and

WHEREAS, the Secretary-Executive Director has submitted a proposed operating budget of $6,430,338 (including debt service & replacement reserve) for fiscal year 2019 for the ...