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Minutes of the Meeting <br /> of the Maslipee Housing Authority <br /> Board of Conissioners <br /> August 8, 1996 <br /> The meeting was called to order at 7:02 p.m. and a quorum declared with the following members in <br /> attendance: Stu Peoples,Karen Rudd, James Long, Antoinette Brooks;excused was Constance Mills. <br /> Also in attendance was Carolyn A. Reed,Executive Director and Torn Joy,Fee Accountant. <br /> Mr. Peoples changed the order of agenda to allow for Mr. Joy to explain and present the FY'97 budget. <br /> Mr. Joy highlighted some of the changes that the Division of Housing and Community Development <br /> DHCD --formerly FCD, has allowed as follows: <br /> 1. Four percent % increase over previous spending level(first increase in three years); <br /> . Four percent 4% increase in administrative salaries;and, <br /> . One exemption of$180 for Internet. <br /> These changes will allow for a$2,600 increase over the F '96 spending level for the Mashpee Housing <br /> Authority, Additionally,fixed costs are going down;there is an increase in the MRVP adt inistrativc fee <br /> which will help defray administrative costs and provide the Mashpee Dousing Authority with more <br /> flexibility. <br /> The budget reflects an increase in the maintenance costs,worker's compensation, unemployment <br /> insurance,administrative other and administrative salary line items. <br /> The 40001 budget shows$85,430 in receipt with$92,715 in expenditures which results in a$7,285.00 <br /> subsidy request from DHCD. The$2,000 request for extraordinary maintenance(unit turrnover ,etc.)and <br /> $1,500 for equipment replacement refrigerators is not subsidized,but rather is paid directly out of our <br /> reserves. <br /> The NR P FY'97 budget has total operating receipts of$20,400.00, derived from administrative fees and <br /> interest income. Total operating expenditures of$5,945.00 which represents pro-mated administrative <br /> salaries, administrative other costs, insurance and employee benefits realizing a$6,370.00 balance at the <br /> end of the year. <br /> motion was made by Karen Rudd and seconded by Antoinette Brooks to submit the 40001 F <br /> budget to DHCD for review and approval. The motion carried unanimously. <br /> moti <br />