Res 01-07HMOUND HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION NO. 01-07H
A RESOLUTION APPROVING THE REVISED BUDGET FOR LOW RENT PUBLIC
HOUSING, FOR THE BUDGET YEAR END 9/30/01
WHEREAS, the Mound Housing and Redevelopment Authority has reviewed the
Operating Budget and has found to their knowledge:
1. That the proposed expenditures are necessary in the efficient and economical
operation of the housing for the purpose of serving Iow-income families.
2. That the financial plan is reasonable in that it indicates a source of funding
adequate to cover all proposed expenditures.
3. It does not provide for use of Federal Funding in excess of that payable under
the Performance Funding System Regulations.
4. That all proposed rental charges and expenditures will be consistent with
revisions of law and the Annual Contributions Contract.
5. That PHA or PHA employees reflected in the Operating Budget are not
serving in a variety of positions and will not exceed a 100 percent allocation of his/her
time.
NOW, THEREFORE BE IT RESOLVED by the Housing and Redevelopment Authority
of Mound, Minnesota, to approve the revised operating budget for the budget year end
9/30/01
Adopted August 28, 2001.
/~ h~a roTE~xe~~t i~v e~D i re-ct o r
Pat Meisel, Chairperson