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end reports for fiscal year 2013 and submit the certification as presented. The motion was <br /> adopted. <br /> 4f <br /> FISCAL YEAR 2014 BUDGET APPROVAL AND SUBMISSION: Mr. Joy distributed copies of the <br /> budgets and attachments to all board members and went into detail explaining the Budget Request and <br /> all attachments with regards to the 4001 budget and the MPVP Budget. Mr. Joy explained the budget <br /> guidelines this year, and how they did incorporate 9% increase to non-utility spending. He also noted <br /> that part of that increase is required to go toward the cost of a single audit. DHCD recommended a <br /> budgeted amount equal to $12 per unit, which we do not feel is sufficient. Nevertheless, we used their <br /> guidelines. Mr. Joy reviewed in detail the calculation of the reserve amount and the subsidy amount and <br /> reviewed the items listed in extraordinary maintenance and replacement of equipment. After a brief <br /> discussion, a motion was made by Mr. Laporte and seconded by Mr. Sha kett to approve and <br /> submit the 4001 budget as presented. The motion was adopted. A motion was made by Mr. <br /> Laporte and seconded by Mr. shad ett to approve and submit the M VP budget as presented. <br /> The motion was adopted. <br /> Before Mr. Joy was excused, the chairman asked for his opinion on the tern asking for CPC monis back <br /> that have been deposited into our revolving account. Mrs. Botsford briefly explained the program and the <br /> issues raised recently by the tern. Mr. Joy explained that the account is set up as a revolving account, <br />' as monies come in from the CPC funds and also from lean repayments, then that money is paid out to <br /> assist other participants and pay admin fees. Mr. Joy stated that the town has no authority to audit the <br /> housing authority. The Mashpee Housing Authority is audited by the state individually and will also now <br /> be audited by the new single-audit requirement from DHD. <br /> The beard thanked Mr. Joy and he was excused. <br /> SECRETARY'S REPORT: <br /> T: <br /> Minutes for the regular meeting held on September 12, 2013 were mailed to members before the <br /> meeting. A motion was made by Mfr. Shackett and seconded by FIs. Allen to accept the <br /> minutes as presented. The motion was adopted. <br /> TREASURERS REPORT: <br /> Budget to Actual Report: none submitted <br /> Accounts Payables: Mrs. Botsford presented the warrants for signature. The warrants for signature <br /> tonight are for the month of September 2013 and total as follows: $186,019.14 for 4001, ,185.00 for <br /> Section 8, $17,195.00 for MF VP, $34,921.72 for Asher's Path Apartments and $2,894.72 for the Housing <br /> Assistance Program. <br /> Mrs. Botsford reported that we have all residents paid in full at all developments. We have only one <br /> vacancy at Horeyer Village and the unit needs complete flooring replacement(original floor), painting <br /> and cleaning. We hope to have it re-rented by raid-November. The process is underway for selecting a <br /> new resident for one unit. A motion was made by Ms. Allen and seconded by Mr. LaPorte t <br /> accept the treasurers report as presented. The motion was adopted. <br /> EXECUTIVE DIF E :TO ' REPORT: <br /> Mrs. Botsford mailed members her written report for September and added the following report: <br /> • Mrs. Botsford attended the Public Hearings in Boston and Taunton and offerred testimony on <br /> behalf of the Cape Cod housing authorities at the Boston hearing. (The board had been provided <br /> a copy of the testimony earlier in the month). <br /> Page 2 of <br /> 4 <br />