From
Patrick Cornelius
Title
Ordinance adopting the Housing Administration (Fund 3001) and Housing Choice Voucher (Fund 3002) operating budgets for calendar year 2019 and fiscal year 2018-2019; allocating and approving $50,020 of the Housing Administrative Reserve Fund (3001) for the purchase of (2) two replacement vehicles
Presenter
William A. Hills, Director, Housing and Neighborhood Services
Recommended Action
Approve
Analysis
The Section 8 Program was enacted as part of the Housing and Community Development Act of 1974. The Department of Housing and Urban Development (HUD) requires all agencies who administer a Section 8 Program to adopt an operating budget for the Calendar (funding) year.
The 2019 Housing Administration and Housing Choice Voucher Assistance Payments calendar-year budget (Exhibit A) is a twelve-month budget, beginning in January, 2019 and ending December, 2019. These budgets consist of the Program Administrative fees and Housing Assistance Payments (HAP). The annual budget allocation is received from HUD through revenue appropriations beginning in January of each year; However, again this year this was not the case. We have been operating and continue to operate under a federal continuing resolution, and only recently received the projected funding allocation and formulas expected for this year.
The 2018-2019 Housing Administration and HCV fiscal-year budget (Exhibit B) is also a twelve-month budget calculated on a fiscal year, beginning October 1, 2018 and ending September 30, 2019. These fiscal year budgets are required for external reporting purposes, such as the City's annual CAFR and HUD's REAC reporting system.
Additionally, we are requesting funding be allocated for (2) two vehicles that have been recommended for replacement by Fleet Services. Funding is available in the Housing Administration Reserve (Fund 3001).
Financial Consideration
The Housing Administration Fund (3001) and the Housing Choice Voucher Sect...
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