5/9/1996 HOUSING AUTHORITY Minutes

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Minuses of the Meeting of the Mashpee ou.s],n Authority H-1-1- JUL 2 1996 Board of CommNsionets May 9,A9f The meeting was called to order at 7:03 P.T.and a qiloruln declared with the follo i g membe's in attendance: Antoinette Brook,Janes Long;Constance MMs,Stuff Peoples and mer d. Also in' attendance was Carolyn k Reed, eciitive Director;Tom Joy,Fee Accountant;Lois Barthel Cheryl Burke,Pauline Jeffries,Barbara NoieaU,and John Wilcox;Residents. TREASURER'S REPORT: ,account Balances as of - - : 0001 $ 7,469.05 (Checkifig)'_ $WJ12.64 Savings MRV P $111,739-69 Section 4,269.48 R Budget to Actual shoved expensesoir are in ac d with annual op tatln Midget. There were 110 extraordinary expenses in April. 'tenant rents and/or repayment Mans are culrrf i t And up to date. Account payables were reviewed and approved for paymetiti, 'horn Joy explained the EOC Executive I irectorr,"O salary schedule--designed to bring sdlaly of new directors more in line V-6th other directors. I did not provide additicnal subsidy or allowances in operating budget to accommodate salami increases. Therefore,if th r is moon-by i other budget line items,an ajustrnet can be madeo provide the icirease. In reviewing the budget,these mom' 'es ah be irarisiferred from Co tract Costs which was budgeted high clue to past experience: These costs etirren ly have been.iunning low-- approximately$1.,008.00 under budget. The b6latice of the i crease can be taken from.MRS �.. and Section 8 admirAstrative fees--$700 and$300,rebpectivel . - In response to a question re how this i� o d of f'ect the FY+9IbUdget,l r.boy armed we should be in tine because there have been no m e-r . sa fixed its,re. State retirement; group insurance,worker's compensation,etc. txtraorditwty xpe s s are part of operating k reserve. Mashpee Dousing Authority has a ser healthy k e,app�r x ateiy$87,000 which 10s 65-67%of maximum. Mr.Joy also medicated that althoui not of i !4 WCD plans to incr as the cap on housing authority budgets. Exp is the annoeincement to be made at NAHRO Conference. A motion was made by Mrs.Mills and d seconded by Ms: itudd to approve sa.la increase for the Executive irebtor',i*troactive to July 1; 1995. Monies to accommodate Increase will be transterr6d do follows: 1,000 from 40001 dd 4*Aihe Item 4438;$700 from Section Prograoi d$300 frons KRV *rogra : lie h i in as adopted unanimously. FY'97 budget will not be submitted on July 1, 1997 Moss EOCD issues the 1997 budget guidelines in the next few weeks. motion was made by Mr.Long and seconded by Mrs.Mills.to accept the Treasurer's Report as presented, The m tion carried.