Res 03-03HRESOLUTION 03-03H
PHA/IHA Board Resolution u.s. Department of Housing OMB Approval No. 2577-0026 (Exp. 6/30/2001)
and Urban Development
Approving Operating Budget or Calculation of Office of Public and Indian Housing
Performance Funding System Operating Subsidy
~Public reporting burden for this collection of information is estimated to average 15 minutes per response, including the time for reviewing instructions, searching
8existing data sources, gathering and maintaining the data needed and completing and review ng the co tection of information. This agency may not conduct
~or sponsor, and a person is not required to respond to, a collection of information unless that collecton displays a valid OMB control number.
This information is required by Section 6(c)(4) of the U.S. Housing Act of 1937. The information is the operating budget for the low-income housing program
and provides a summary of proposed/budgeted receipts and expenditures, approval of budgeted receipts and expenditures, and justification of certain specified
amounts. HUD reviews the information to determine if the operating plan adopted by the PHA and the amounts are reasonable and that the PHA is in compliance
with procedures prescribed by HUD. Responses are required to obtain benefits. This information does not lend itself to confidentiality.
Acting on behalf of the Board of Commissioners of the below-named Public Housing Agency (PHA)/Indian Housing Authority (IHA),
as its Chairman, I make the following certifications and agreements to the Department of Housing and Urban Development (HUD)
regarding the Board's approval of (check one or more as applicable):
Operating Budget Submitted on:
Operating Budget Revision Submitted on:
Calculation of Performance Funding System Submitted on:
Revised Calculation of Performance Funding System Submitted on:
(date)
4/'~/03
n/a
I certify on behalf of the: (PHA/IHA Name)
that:
1.
2.
3.
Mn,md R~_sing Authority / Indian Knoll
All regulatory and statutory requirements have been met;
The PHA has sufficient operating reserves to meet the working capital needs of its developments;
Proposed budget expenditures are necessary in the efficient and economical operation of the housing for the purpose of serving
low-income residents;
4. The budget indicates a source of funds adequate to cover all proposed expenditures;
5. The calculation of eligibility for Federal funding is in accordance with the provisions of the regulations;
6. All proposed rental charges and expenditures will be consistent with provisions of law;
7. The PHA/IHA will comply with the wage rate requirements under 24 CFR 968.110(e) and (0 or 24 CFR 905.120(c) and (d);
8. The PHA/IHA will comply with the requirements for access to records and audits under 24CFR 968.110(i) or 24 CFR 905.120(g);
and
9. The PHA/IHA will comply with the requirements for the reexamination of family income and composition under 24 CFR 960.209,
990.115 and 905.315.
I hereby certify that all the information stated within, as well as any information provided in the accompaniment herewith, is true and accurate.
Warning: HUD will prosecute false claims and statements. Conviction may result in criminal and/or civil penalties. (18 U.S.C. 1001,1010,1012; 31 U.S.C. 3729, 3802)
Previous edition is obsolete form HUD-52~74 (10/95)
ref. Handbook 7575.1
Operating Fund
Calculation of Operating Subsidy
15HA-Owned RentaJ Housing
U.S. Department of Housing
and Urban Development
Office of Public and Indian Housing
OMB Approval No. 2577-0029 (exp. 10/31/2004)
Section 1
a) Name and kdGi~s of Public Housing Agency lb) Bud~t Submission to HUD required
~__ f--lyes ' ~ No '
MOUND HOUS[NG AUTHORITY Jc) Type of Submission:
2020 COMMERCE BLVD J ~ O~ginal
MOUNDr MN 55364 j r--i Revision No.
d) No. of HA UnitsJe) Unit Nor, tbs J~) Subject FYE Jg} ACC Number ih) Operating Fund Proje~ Numar i) (Reserved)
AVailablE: (UMAs)
No. Description (PUM) (PUM)
Part A. Allowable Expenses and AddiUons
01 Previous allowable expense level (line 07 of form HUD-52723 for previous
year) 219.00
02 Part Ar Une 01 multiplied by .005 1.10
03 Delta from HUD-52720-Br if applicable (see instructions)
04 instruCdons)"Requested" year units from latest form HUD-52720-A (see ~ .........................
05 Add-ons to allowable expense level from previous fiscal year (see instructions)
06 Total of Part Ar Lines 01, 02, 03r and 05 220.10
07 Inflation factor 1.021
08 Revised allowable expense level (AEL)(Part Ar Une 06 Umes line 07) 224.72
09 Transition Funding
10 Increase to AEL
1! Allowable utilities expense level from form HUD-52722-A 69.44
12 Actual PUM cost of Independent Audit (LA) (Through FYE 09/30/2003) 8.4
13 Costs attributable to depro~, rammed units
14 Total Allowable Expenses and Additions (Sum of Part A, Unes 08 thru 13) 302.56
03
04
05
06
07
O8
O9
10
11
12
Rental Income
Total rent roll (as of 04/01/2003)
Number of occupied units as of rent roll date
Average monthly dwelling rental charge per unit for current
budget year (Part Br Une 01 / Une 02) 200.
Average monthly dwelling rental charge per unit for prior
budget year 200:
Average monthly dwelling rental charge per unit for budget
year 2 years ago
2001
Three -year average monthly dwelling rental charge per unit
([Part Br Une 03+Une 04+ Line 05] / 3)
50/50 Income split ([Part B, Line 03 + Une 06] / 2) m
Average monthly dwelling rental charge per unit (lesser of Part B, Line 03 or Une 07)
Rental income adiustrnent factor
Projected average monthly dwelling rental charge per unit (Par~ B, Line 8 times Une
09)
Projected occupancy percentage from form HUD-52728
Projected average monthly dwelling rental income per unit (Part B, Line 10 Umes
une 11)
$10r210~
226.8~S~
209.98 l
183.82 ~
206.90 ~
216.89 ~
216.8
1.03
Parl C. Non-dwelling Income
223.4'
94%
210.00
01 Other income
02 Total ope, .l~ng receipts (Part B, Une 12 plus Part C, Une 01) 210.00
"(~3 pjjM de~cit or..(Zncome)_(Pa~A~__Une_l~_minus_Pa~_C~Une02) ............... 92.~
Requested by PHA HUD Modificati0~
(Whole dollars) (Whole dollars)
· 04 Deficit or Income before add-ons Part C Line 03 times Section 1 e ~ 53,320
Previous ediUon is obsolete for PHA Fiscal Years
beginning 1/1/~2001 and thereafter
form HUD-S2723 (1/2001)
Page 1
Li~eI J Requested by PHA HUD Modifications
NO. Description (Whole Dollars) (Whole Dollars)
Part D. Add-ons for chanties in Federal law or regulation and other eligibility
01 'FICA contributions 0
02 Unemployment compensation
03 !Family Self Sufficiency Program
0~ Energy Add-On for loan amortization
05 Unit reconfiguration
06 Non-dwelling units approved for subsidy
07 Long-term vacant units :
08 Phase Down for Demolitions
09 Units Eligible for Resident Partidpation:
Occupied Units (Part B, Line 02) 45
10 Employee Units
11 Police Units
12 Total Units Eligible for Resident Pa~ciaption
(Sum of Part D, Lines 09 thru 11) 46
13 Funding for Resident Partidpation (Part D, Une 12 x $25) 1,150
14 Other approved funding, not listed (Specify in SecUon 3)
15 Total add-ons (sum of Part D, Lines 01, 02r 03, 04, 05, 06, 07, 08, 13 and 14) 1,150
Part E. Calculation of Operating Subsidy Eligibility Before Adjustments
01 Deficit or (income) before adiustments (Total of Part C, Uno 04 and Part D, Line 15) 54,470
02 Actual cost of Independent Audit (IA) 4~840
03 Operating subsidy eligibility before adjustments (greater of Part E, Uno 01 or Uno
02) (If less than zero~ enter zero (0)) 5~r470
Part F. CalculaUon of Operating Subsidy Approvable for Subject Fiscal Year (Note: Do not revise after the end of the subject FY)
01 Utility Adjustment for Pdor years
02 Additional subject fiscal year operating subsidy eligibility (specify)
03 I Unfunded eligibility in pdor fiscal years to be obligated in subject fiscal year
04 HUD discretionary adiustments
'=~ 05 Other (spedfy)
06 Other (spedfy)
v 07 Unfunded portion due to proration
08 Net adiustments to operating subsidy (total of Part Ff Lines 01 thru 07)
09 Operating subsidy approvable for subject fiscal year (total of Part E, Line 03 and
Part Fr Uno 08) 54,470
HUD Use Only (Note: Do not revise after the end of the subject FY)
10 Amount of operating subsidy approvable for subject fiscal year not funded
11 Amount of funds obligated in excess of operating subsidy approvable for subject fiscal
fear
12 Funds obligated in subject fiscal year (sum of Part F, Lines 09 thru 11)
(Must be the same as line 690 of the Operating Budget, form HUD-52564 for the subject fiscal year)
Appropriation symbol(s):
Part G. Memorandum of Amounts Due HUD; :Including Amounts on Repayment Schedules
01 Total ramount due in previous fiscal year (P;rt G, Line 0~ of form .UD-527~'f~ ..............
~revious fiscal year)
02 Total amount to be collected in subject fiscal year (Identify individual amounts under
Section 3)
03 Total additional amount due HUD (indude any amount entered on Part F, Line 11)
(Identify individual amounts under Section 3)
04 Total amount due HUD to be collected in future fiscal year(s) (Total of Part G,
Lines 01 thru 03) (IdenUfy individual amounts under Section 3) ......
edition is obsolete for PHA Fiscal Years
beginning 1/1/2001 and thereafter
form HUD-52723 (1/2001)
Page 2
Une
, BIo.
02
Requested by PHA J HUD Modifications
Description (Whole Dollars) J (Whole Dollars)
Part H. Calculation of Adjustment for Subject Fiscal Year
This part is to be completed only af'cer the subject fiscal year has ended
01 Ilndicate the types of adjustments that have been reflected on this form:
I--1 Utility Adjustment [--I HUD discretionary adjustment
(Spedf7 under Section 3)
IUtility adiustment from form HUD-52722-B
Defidt or (Income) after adjustments (total of'Part Ei Unes 01 and Part HiUne 02)
O~ting Subsidy eiigibili~ after yearJend adju~en~ {greate~ o~ Pa~ E~ une 02 or
Part Hr Line 03)
Part E, Une 03 of latest form HUD-52723 approved during subject FY
'Do not use Part E~ Line 03 of this revision)
Net adjustments for subject fiscal year (Part H~ Une 04 minus Part H~ Une 05)
Utility adjustment (enter same amount as Part H, Une 02)
Total HUD discretionary adiustments (Part H~ Une 06 minus Line 07)
Unfunded portion of utility adiustment due to proration
Unfunded portion of HUD discretionary adiustment due to proration
Prorated utility adiustment (Part H, Line 07 plus Une 09)
Prorated HUD discretionary adjustment (Part Hf Une 08 plus Une 10)
Section 3
06
07
O8
09
10
11
12
Remarks (provide part and line numbers)
I hereby certify that all the information stated herein, as well as any informaUon provided in the accompaniment herewith, is true and accurate.
Warning: HUD will prosecute false claims and statements. Conviction may result in criminal and/or dvil penalties. (18 U.S.C. 1001, 1010, 1012; 31 U.S.C.
3729~ 3802)
S~uthorized HA Representative & Date ',~/r~l.~ Signature of Authorized Field Office Representative & Date
/
Previous edition is obsolete for PHA F~scal Years
beginning 1/1/2001 and thereafter
form HUD-S2723 (1/2001)
Page 3