HomeMy WebLinkAbout2006-11-16 Regular MeetingState of Texas
County of Tarrant
City of Grapevine
The Board of Commissioners of the Grapevine Housing Authority met in Regular
Session on this the 16th day of November, 2006 in the Conference Room of Grapevine
Housing Authority, with the following members present to wit:
Marian Nicastro Chair
Terri Rushing Resident Commissioner
Billie Jean Martin Commissioner
Constituting a quorum, with the following also present:
Debra Wells
Bill Gaither
Executive Director
Director of Administrative Services
CALL TO ORDER
Chair Marian Nicastro called the meeting to order at 4:00 p.m.
REPORT OF THE EXECUTIVE DIRECTOR (INFORMATIONAL ONLY)
Item #1. Rent Delinquency and Information Sheet
The Executive Director reported to the Board on the rent delinquencies, number of
empty units, work orders and statistical information for the waiting list for Public Housing
from September 29, 2006 through November 10, 2006. Also reported was the statistical
information for the Section 8 Program including number of Vouchers leased up, cost per
voucher, number of applications on the waiting list, and the Portability and Receipts
report. Portability accounts receivables aging report included.
Item #2. Capital Funds Report
The Board was presented with a copy of the monthly Capital Funds Report.
Item #3. Quarterly Investment Report
The Board was provided with the Quarterly Investment Report for the period ending
September 30, 2006.
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NEW BUSINESS
Item #1 Consideration of the minutes from the October 2 2006 meeting
Commissioner B.J. Martin made a motion to accept the minutes as presented.
Commissioner Rushing seconded the motion.
Ayes: Nicastro, Martin & Rushing
Nayes: None
Absent: Cathy Martin and Everett
Item #2 Review and discussion of the Fiscal Year 12/31/05 Audited Financial
Statements.
The Basic Financial Statements and Auditor's Reports prepared by Elizabeth Spencer,
CPA including Management's Discussion and Analysis (MD&A) was presented for Board
approval.
Commissioner Rushing made a motion to accept the Fiscal Year 12/31/05 Audited
Financial Statements. Commissioner BJ Martin seconded the motion.
Ayes: Nicastro, Martin & Rushing
Nayes: None
Absent: Cathy Martin & Everett
Item #3 Consideration of the Monthly Financial Statements from July through
September 2006.
Elizabeth Spencer, CPA recommended during the audit that the monthly financial
statements be present to the Board monthly therefore the Board was provided with
financial statements for the months of July through September 2006.
The Board stated they did not need to see the monthly financial statements but
recommended that a line item be placed on the agenda each meeting for any comments
the Financial Officer would like to make regarding the monthly financial statements.
No Motion made.
Item #4 Report from the Resident Advisory Board meetings held October 19,
2006.
The Board was presented with the minutes from the Resident Advisory Board meetings
held October 19, 2006.
No Action taken.
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ADJOURNMENT
Commissioner BJ Martin made a motion the meeting be adjourned. Commissioner
Rushing seconded the motion.
Ayes: Nicastro, Martin & Rushing
Nayes: None
Absent: Cathy Martin & Everett
Motion passed. Meeting adjourned at 4:25 p.m.
PASSED AND APPROVED BY THE BOARD OF COMMISSIONERS OF THE
GRAPEVINE HOUSING AUTHORITY ON THE 25TH DAY OF JANUARY 2007.
APPROVED:
Marian Nicastro, Chair
ATTEST:
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Debra L. Wells,
Secretary
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