HomeMy WebLinkAbout2007-01-25 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 25th day of January, 2007 in the Conference Room of Grapevine
Housing Authority, with the following members present to wit:
Marian Nicastro Chair
Cathy Martin Vice Chair
Jane Everett Commissioner
Terri Rushing Resident Commissioner
Constituting a quorum, with the following also present:
Debra Wells Executive Director
Sharron Spencer City Council Liaison
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 November 11, 2006 through January 19, 2007. 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
December 31, 2006.
The Executive Director stated that she would like to pursue investing in TexPool, a State
sponsored investment pool. She will bring more information to the Board at the next
meeting.
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NEW BUSINESS
Item #1 Consideration of the minutes from the November 16, 2006 meeting
Commissioner Rushing made a motion to accept the minutes as presented.
Commissioner Nicastro seconded the motion.
Ayes: Nicastro, Martin, Everett & Rushing
Nayes: None
Absent: BJ Martin
Item #2 Consideration and approval of the Fiscal Year 2007 Budget and related
documents.
The 2007 Budget was presented for approval. Congress had not approved the Federal
Budget at the time our budget was prepared so our fee accountant took this into account
when preparing the budget. The budget was prepared assuming we would receive at
least 80 percent of the expected operating subsidy funding for 2007.
HUD has implemented the new funding formulas this year, which will result in us
receiving an increase of about $40,000 in operating subsidy. The additional funding will
provide us with the ability to provide raises and increase line items that need additional
funding.
Commissioner Martin made a motion to accept the Fiscal Year 2007 Budget.
Commissioner Everett seconded the motion.
Ayes: Nicastro, Martin, Everett & Rushing
Nayes: None
Absent: BJ Martin
Item #3 Consideration of the November 30, 2006 Financial Statement.
The Board stated they did not need to see the monthly financial statements as long as
Commissioner Everett, Financial Officer, is provided a copy to review. An agenda item
will be provided on each agenda to her an opportunity to present to the Board any
comments concerning the monthly financial statements.
Commissioner Everett stated that she had reviewed the November 2006 financial
statements and did not have any comments for the Board.
Commissioner Martin made a motion to accept the November 2006 financial statements.
Commissioner Everett seconded the motion.
Ayes: Nicastro, Martin, Everett & Rushing
Nayes: None
Absent: BJ Martin
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ADJOURNMENT
Commissioner BJ Martin made a motion the meeting be adjourned. Commissioner
Rushing seconded the motion.
Ayes: Nicastro, Martin, Everett & Rushing
Nayes: None
Absent: BJ Martin
Motion passed. Meeting adjourned at 4:45 p.m.
PASSED AND APPROVED BY THE BOARD OF COMMISSIONERS OF THE
GRAPEVINE HOUSING AUTHORITY ON THE 22ND DAY OF FEBRUARY 2007.
APPROVED:
21,a e
Marian Nicastro, Chair
ATTEST:
Debra L. Wells,
Secretary
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