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HomeMy WebLinkAbout2010-07-15 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 15th day of July, 2010 in the Conference Room of Grapevine Housing Authority, with the following members present to wit: Cathy Martin Chair Jane Everett Vice Chair Randy Bacon Finance Officer Joetta King Commissioner Carole Reed Resident Commissioner Constituting a quorum, with the following also present: Debra Wells John McGrane Sharron Spencer Executive Director Director of Administrative Services Council Liaison CALL TO ORDER Chair Cathy Martin called the meeting to order at 4:30 p.m. CITIZEN COMMENTS 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 June 4, 2010 through July 09, 2010. Also reported was the statistical information for the Section 8 Voucher 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 The Board was provided with a copy of the monthly Capital Funds Report. Item #3 Investment Report for June 30, 2010 The Board was provided the quarterly Investment Report for June 30, 2010. NEW BUSINESS Item #1 Election of Officers and representative to the Senior Advisory Board It was recommended that the officers remain the same positions and Commissioner King offered to continue serving as the Ex -Officio to the Grapevine Senior Citizens Advisory Board. Commissioner Reed made a motion to keep the officers as recommended and for Commissioner King to remain as the Board representative on the Grapevine Senior Citizens Advisory Board. Commissioner King seconded the motion. Ayes: Martin, Everett, Bacon, King & Reed Nayes: None Absent: None Item #2 Consideration of Minutes for Board Meeting held June 10, 2010. Commissioner King mentioned that the motion for adjournment on the minutes showed her making the motion but she was not present at the meeting so the minutes needed to be amended to reflect the correct board member. Commissioner Everett made a motion to accept the minutes for the June 10, 2010 meeting as amended. Commissioner Reed seconded the motion. Ayes: Martin, Everett, Bacon, King & Reed Nayes: None Absent: None Item #3 Consideration and acceptance of the March, April and May 2010 monthly financial statements. Commissioner Bacon reported on the monthly financial statements. He stated that he had reviewed the monthly statements. He noted that we should keep an eye on the expenditures on the Section 8 Voucher Program. The Director explained that the Section 8 Voucher Program HAP funding changes from month to month because it is based on the monthly reporting into the VMS system. Commissioner Bacon made a motion to accept the March, April and May monthly financial statements. Commissioner Everett seconded the motion. Ayes: Martin, Everett, Bacon, King & Reed Nayes: None Absent: None Item #4 Consideration and acceptance of Resolution No. 10-04, Resolution Approving and Accepting the Public Housing Capital Funds for Fiscal Year 2010. The Board is required to accept the Public Housing Capital Funds for Fiscal Year 2010 that were recently awarded. The Capital Funds budget was accepted with our 2010 Annual Plan but because the final award amount was not know at that time HUD has requested the Board to accept the new award amount. Commissioner Everett made a motion to accept Resolution 10-04 Approving and Accepting the Public Housing Capital Funds for Fiscal Year 2010. Commissioner Bacon seconded the motion. Ayes: Martin, Everett, Bacon, King & Reed Nayes: None Absent: None Item #5 Consideration and approval of the engagement letter with Elizabeth Miles (Spencer), Certified Public Accountant for the fiscal year 12/31/2009 audit and take any necessary action The Board was presented with the engagement letter with Elizabeth Miles, CPA for the fiscal year 12/31/09 audit. The Board was informed that the City's auditing firm provided an informal bid of $10,000 to perform our audit. This amount would be almost double the cost of our current auditor. The Board stated that they were happy with the services Ms. Miles performed but would like to get the engagement letter and financial statements earlier. It was desided to request Ms. Miles to provide a two year engagement letter for 2010 and 2011 with a clause to require the audit be completed by June 30. The Board also would like a Management Letter regardless of whether there are any findings to be reported. Commissioner Everett made a motion to accept the engagement letter from Elizabeth Miles, CPA for the fiscal year ended 12/31/09. Commission Reed seconded the motion. Ayes: Martin, Everett, Bacon, King & Reed Nayes: None Absent: None Item #6 Minutes from the Resident Advisory Board Meeting held June 17, 2010 The Board was provided minutes from the June 17, 2010 RAB meeting. No action taken. ADJOURNMENT Commissioner Everett made a motion the meeting be adjourned. Commissioner Reed seconded the motion. Ayes: Martin, Everett, Bacon, King & Reed Nayes: None Absent: None Motion passed. Meeting adjourned at 5:10 p.m. PASSED AND APPROVED BY THE BOARD OF COMMISSIONERS OF THE GRAPEVINE HOUSING AUTHORITY ON THE 18TH DAY OF AUGUST 2010. APPROVED: ATTEST: kL _%.. \nom Debra L. Wells, Executive Director