1/8/2015 HOUSING AUTHORITY Minutes

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board was in agreement that they were fine with that, so Mrs. Botsford first reviewed the MRVP Fiscal Year 2015 budget which showed a slight increase in revenue from last year due to the small increase in administrative fees, as well as an increase in the number of vouchers the housing authority will be administering. After reviewing that budget, she then went on to review in detail the 400-1 budget and the all line items, as well as the schedules attached including the salary and positions, insurance and employee benefit costs, capital and other expenses. Mrs. Botsford then reviewed the Operating Reserve Analysis and the Operating Subsidy Calculation 'ANUEL' worksheet. Mrs. Botsford stated that DHCD would certainly notice that there were salary increases, particularly Ms. Mitchells', however, DHCD's portion of the increase did not exceed their allowable 3% so it should not be an issue. The increase in the salaries comes from the administration of the other properties and programs that we now manage. Mrs. Botsford stated that she would do a cover letter explaining that to DHCD. There were no questions from the board members and a motion was made by Mr. Laporte and seconded by Mr. Shackett to approve and submit to DHCD both the 400-1 and MRVP Fiscal Year 2015 budgets as presented. The motion was adopted. Mrs. Botsford will get Ms. Allen's signature and submit the budget electronically as well. b) Executive Director Evaluation: Mrs. Botsford stated her contract allows an opportunity for the board to evaluate her on an annual basis if they wish to, so she wanted to put this on the agenda to give them the opportunity. Mr. Halpern asked if it was necessary and Mrs. Botsford stated that it was not, that by not doing an evaluation it indicated that there were no issues. A motion was made by Mr. Shackett and seconded by Mr. Laporte to forego an evaluation of Mrs. Botsford this year. The motion was adopted. OTHER BUSINESS: Mr. Laporte stated that he would like to bring up some business. He stated that after the next meeting, he would be resigning his position on the board as the Governor's appointee. After a short discussion, members asked that Mr. Laporte reconsider and think about it until next meeting. He said it was on the table. COMMUNICATIONS/CORRESPONDENCE- NEXT OMMUNICATIONS CORRESPONDENCE: NEXT MEETING: The next meeting will be Thursday, February 12, 2015 at 6:00 PM unless changed beforehand. MEETING ADJOURNMENT: A motion was made by Mr. Shackett and seconded by Mr. Laporte to adjourn. The motion carried. The meeting was adjourned at 6:27 PM. R4ctl,su itted, e, MP , PHM, C'P Secretary Executive Director Page 3 of 3