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HomeMy WebLinkAbout20090970.tiffRESOLUTION RE: APPROVE APPLICATION FOR EMERGENCY SHELTER GRANT ASSISTANCE 2009 AND AUTHORIZE CHAIR TO SIGN WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, the Board has been presented with an Application for Emergency Shelter Grant Assistance 2008 from the County of Weld, State of Colorado, by and through the Board of County Commissioners of Weld County, on behalf of the Greeley/Weld County Housing Authority, to the Colorado Division of Housing, with further terms and conditions being as stated in said application, and WHEREAS, after review, the Board deems it advisable to approve said application, a copy of which is attached hereto and incorporated herein by reference. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, ex -officio Housing Authority Board, that the Application for Emergency Shelter Grant Assistance 2009 from the County of Weld, State of Colorado, by and through the Board of County Commissioners of Weld County, on behalf of the Greeley/Weld County Housing Authority, to the Colorado Division of Housing be, and hereby is, approved. BE IT FURTHER RESOLVED by the Board that the Chair be, and hereby is, authorized to sign said application. The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 27th day of April, A.D., 2009. ATTEST: Weld County Clerk to the Boar BY' APP Dept Clerk the Board 1 u ty Attorney Date of signature' 517/O Se; P. Conway OARD OF CO NTY COMMISSIONERS LID ;a ,f COLORADO ademache , Pro-Tem rbara Kirkmeyer David E. Long 00 2009-0970 HA0028 oEit 1107 F--GREELEY/ WELD HOUSING AUTHORITIES P.30 Nun GreeleyO.Box, Colorado 80632-0130 ma(970) 353-7437 (970) 353-7463 Fax (800) 659-2656 TTY Relay Verda Martin Colorado Division of Housing 1313 Sherman Street Room 518 Denver, CO 80203 Dear Ms. Martin: March 30, 2009 The Weld County Housing Authority is submitting a consolidated request to the State Division of Housing for Emergency Shelter Grant Assistance to support five non -profits in Weld County and for administrative funds for the Housing Authority. A local government summary page has been completed and three copies are attached to this letter. The non -profits and the amount they are requesting are as follows: 1. Catholic Charities $42,130 2. Greeley Transitional House $20,000 3. A Woman's Place Inc. $20,000 4. Room at the Inn $10,000 5. Stepping Stones of Windsor $ 6,000 6. Administration $ 3,000 Total $101,130 If you have any questions please contact me at (970) 353-7437 ext 103. Thank you for all your assistance. Sincerely, Thomas Teixeira : C Executive Director Enclosures DOH ES609-06 Housing Authority of the City of Greeley • Weld County Housing Au 903 6th Street • Greeley, Colorado 2009-0970 LOCAL GOVERNMENT SUMMARY PAGE (TO BE COMPLETED ONLY BY LOCAL JURISDICTIONS WITH SUBGRANTEES) EMERGENCY SHELTER GRANT ASSISTANCE 2009 APPLICANT INFORMATION 1. LOCAL JURISDICTIOJ Local Government Name: Weld County Housing Authority 2. CDH Project Number For CDH Use only Local Government Address: P.O. Box 130 3. Date Received For CDH Use Only City: Greeley State: CO Zip:80632 ' E, 4. Name of Con t,�( ;YQ, kda e. e •: 5. _: (970) 353-7437 6. 7. WW1: tom@greeley-weldha.org 9703537463 Director Thomas Teixeira TYPE OF ORGANIZATION 9. : �1 8. Municipality/Count: ❑ 10. Project Service Area: (List counties served) 12. Federal Identification Number: (use drop down boxes) Weld County 8 4 -- I 1 16 V 18 I i 4 16 BUDGET SUMMARY -ALL Projects Use Additional Sheets if Necessary ;gist Agency Name ii column: 14. tion4: 15. Essential Services: 16. Homeless Prevention: 17. Local Government Admin Agency 1 Name Catholic Charities $22,630.00 $10,500.00 $9,000.00 Agency 2 Name A Woman's Place Inc. $9,000.00 $11,000.00 $0.00 Agency 3 Name $ 5,000.00 $1,500.00 Greeley Transitional $13,500.00 House Agency 4 Name Room at the Inn $6,500.00 $3,500.00 $0.00 Agency 5 Name Stepping Stones of Windsor $0.00 $0.00 $6,000.00 Agency 6 Name $0.00 $0.00 $0.00 18. . $30,000.00 $16,500.00 $51,630.00 19. $0.00 $0.00 $3,000.00 $0.00 20. : $101,130.00 SIGNATURE OF AUTHORIZED OFFICIAL OR AGENCY REPRESENTATIVE 21. "fame of LocajElected. Official or Authorized 22. Title of Local Elected Official or Authorized tresentat vQ: (use drop down box) Representat v : Chair Weld County Commisioners Mr. William F. Garcia EMAIL: w arcia@co.weld.co.us 24. 3/30/2009 23. r Application for Colorado Division of Housing (CDOH) EMERGENCY SHELTER GRANT ASSISTANCE 2009 APPLICANT INFORMATION 2. CDH Project Number For CDH Use only SHELTER NAME: Weld County Housing Authority SHELTER ADDRESS: P.O. Box 130 Greeley, CO 80632 CITY: Greeley STATE: CO ZIP: 80632 5 nd Repor (drop down box) Mr. Thomas Teixeira 6. (970) 353-7437 3. Date Received For CDH Use Only 7. 4. Current ESG Program Recipient? CURRENT PRIOR NEVER 8. EMAIL: (970) 353-7467 tom@greeley-weldha.org TYPE OF ORGANIZATION 12. Federal Identification Nu 8 1 4 11 Please attach 501 (c) (3) ruling. (Use drop down box) 8 1 4 I 13 4 I 6 List counties served Weld Coun 15. (Check all that apply): ® Men ® Women ® Families ❑Youth Z Domestic Violence 16. ❑ Emergency Shelter - Maximum Capacity per Night: 0 Maximum Stay: 0 Days ❑ or Months ❑ ❑ Day Shelter - Maximum Capacity: 0 Average Number of Clients Served per Day: 0 ❑ Transitional - Total Units: 0 Maximum Length of Stay: 0 Days ❑ or Months ❑ Average Stay: 0 Days ❑ or Months ❑ ❑ Homeless Prevention: - Number of Families and/or Individuals expected to Serve with ESG and Match Funds Each Year: 0 Are you requesting dollars for a new program in this request? SELECT ONE: If yes, program name: NO SIGNATURE OF AUTHORIZED OFFICIAL OR AGENCY REPRESENTATIVE '1"/NEWof LocalWrized liatcy Re.sentaj: (drop down box) Mr. William F. Garcia 18. Title -Mg -elected Official or Authorize! Representative Chair, Board of Commissioners Weld County Housing Authy 19 wgarcia@co.weld.co.us 20. 1 BUDGET Line Item Expense ; 21. Operations: 22. Essential Services: 23. Homeless Prevention: 24. Administration Local govt w sub grants : $0.00 $0.00 $0.00 $3,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $ 0.00 $ 0.00 $0.00 $3,000.00 25. SUBTOTAL 26. TOTAL REQUEST: $3,000.00 27. klatch Source.(sJ _and.Amaunt: Name: Weld County Amount: $3000.00, Name Amount $0.00 (Additional Space on page 13) PROPOSED PROJECT BUDGET EXPLANATION AND DOCUMENTATION 28. Please provide an explanation of your proposed project budget and provide documentation of your thigifisgsguaggsgtsgaarigt of Operations,Staff Operations,jssential Services and Homeless Prevent Please also provide the following: ■ If you are requesting Operations, please identify any operating staff for which you are requesting funding. ■ (b)If you are requesting an increased level of funding or a new service under Essential must demonstrate that a new/increased level of need exists and ESG funding will not replace Services, you governmental funding. ■ (c) If you are requesting Homeless Prevention funding, please explain how you will ensure that your clients meet HUD requirements for homeless prevention assistance. All requests (When typing should be eligible, below, necessary and reasonable. You may also use please do not use the return (enter) key. Line the following page for will automatically the budget wrap around) if necessary. 2 BUDGET PAGE EXPLANATION AND DOCUMENTATION) Mt (When typing below, ,.lease do not use the return (enter) key. Line will automatically wrap around) Adminstration: These funds will be used to fund the activities of the Housing Authority in Administration of the Emergency Services Grant for the five Weld County non-profit agencies who are applying for funding. This includes the review of grants of subqrantees, application for grant to the Division of Housing, review of payment request, consolidation and submission of request, receipt of grant funds, disbursement of grant funds, consolidation of quarterly financial reports, demographic reports and forwarding these reporting to Division of Housing EXTENT AND URGENCY OF THE NEED 29. A at- ithe•e addressed? How urgeurtfeliii is the need? Please provide local data or statistic chat suer.: twill (When typing below, please do not use the return (enter) key. Line will automatically wrap a round) The Housing Authority does not provide emergency assistance for homeless families at the Housing Authority. We do refer families and individuals seeking emergency assistance to Catholic Charities, A Woman's Place Greeley Transitional House, Room at the Inn, and Stepping Stones of Windsor. The waiting list for Public Housing , Weld County Section 8 and Greeley Section 8 are closed.The waiting list have been closed since the 1st of the year due to having 700 families waiting for government subsidized housing. This request is funding for adminstration to allow the Housing Authority to support the coordination and consolidation of payment request and reports for the above five non- profits. Current Department of Housing and Urban Develoment regulations do not permit the expenditure of Section 8 adminstrative funds to support non section 8 activities. (B) Did you turn clients away in the period of January 1, 2008 thru December 31, 2008? YES If so how many, 10 per week where did they go refered to shelters and project based housing providers , did you refer them to another agency? YES PROJECT PLAN 30. (When typing below, please do not use the return (enter) key. Line will automatically wrap around). (Be sure to include the geographical areas and specific activities that you plan to provide). If this proposal is requesting funding for more than one activity (Essential Services, Operations/Staff Operations, Prevention), describe each separately. Our activities will consolidate the reporting and payments for five non-profit agencies in Weld County which should reduce DOH work load. At the same time we will act on behalf of DOH in providing support and acting as a clearing house for questions,requirements and compliance.. 3 PLAN FOR FINANCIAL STABILITY 31. Provide a plan for the future financial stability of continue in the future if ESG funding is no longer provided?) the prop (When activity would typing below, please do not use the (Essential Services, Operations, Prevention) not be needed to adminster the program. We wouli return (enter) key. Line will automatically wrap around) If this proposal is requesting funding for more than one describe each. If ESG funding is no longer available the Housing Authority assist the non -profits in seeking alternative funding EXPERIENCE 32. plain below any experience your organization or and/or experience, tat of 1 ca ent (When typing below, please do not use the return organization that will be administering the explain how you will obtain the technical Housing Authority for 14 years and the Executive - ' (enter) key. Line will automatically wrap around) Specifically, include the years of experience of staff ESG funds. Where your organization and staff lack assistance needed to administer and complete the project. Thomas Teixeira has been Executive Director of the Greeley Director of the Weld County Housing Authority for the past 9 years. He has been the responsible adminstrator for County Emergency Shelter Grants since 1999. The combined budget of the Greeley/Weld Housing Authorities is approximately 6 million dollars and the Authorties provide Housing/Housing Assistance to more than 1000 familes. Judy Aguello has been the Greeley Housing Authority's chief finacial officer for twenty years. Her work/ accounting skills have received numerous postive comments from independent auditors and the Denver office of the Department o: Housing and Urban Development over the years. The Authority has an additional 8 office employees who are not directly involved in the ESG program. 4 SHELTER REPORT SHELTER. CHARACTERISTICS 2008-2009 ACTUAL From HMIS? 2009-2010 PROJECTED HMIS` From. 33. Beds (including cribs) 0 0 34. Sleeping Rooms 0 0 35. Total Families Served 200 0 36. Total Persons in Families 529 0 37. Total Individuals Served 285 0 38. Total Shelter Nights 8744 0 AVERAGE COST PER PERSON OR HOUSEHOLD SERVED WITH ESG FUNDING 39. „ � -_ -- ch of your ESG-funded activities" $2.83 (Total Activity Budget / # Unduplicated Clients) CLIENT PARTICIPATION REPORT 40. g s 0 LJSIIIIIMPMIII 0 CONTINUUM OF CARE COORDINATION 42. Are you a participating member of your local Continuum of Carat YES SHELTER / SUPPORTIVE SERVICES TYPE OF SERVICE Who provides the community? (1) If it's your organization following services in your put an "X" in this column Do you have a written agreement services? Use the Answer (Not Applicable) to coordinate drop down box to "Yes" or "No" or "NA" beside the corresponding (2) If it's another service; organization, please list their name 43. Shelter Information and Referral Referral Not Applicable Organization Name UNITED WAY 211 44. Emergency Shelter Yes ❑ Organization Name CATHOLIC CHARITIES, GREELEY TRANSITIONAL HOUSE, A WOMAN'S PLACE. ROOM AT THE INN 5 45. Transitional Housing Yes ❑ Organization Name GREELEY TRANSITIONAL HOUSE 46. Permanent Housing (w/ services) SELECT ONE: Organization Name 47. Soup Kitchen No ❑ Organization Name SALVATION ARMY 48. Case Management Yes ❑ Organization Name CATHOLIC CHARITIES, GREELEY PLACE, TRANSITIONAL HOUSE, A WOMAN'S ROOM AT THE INN 49. Transportation No ❑ Organization Name UNITED WAY BUS TOKENS 50. Daycare No ❑ Organization Name WELD HUMAN SERVICES 51. Medical treatment No ❑ Organization Name SUNRISE CLINIC MONFORT FAMILY CLINIC 52. Substance Abuse Counseling No ❑ Organization Name ISLAND GROVE TREATMENT HEALTH CENTER, NORTH RANGE BEHAVIORAL 53. Psychological No ❑ Organization Name NORTH RANGE BEHAVIORAL HEALTH 54. Employment No ❑ Organization Name WELD HUMAN SERVICES 55. Life Skills/Budgeting No ❑ Organization Name ROOM AT THE INN, 56. Educational No ❑ Organization Name DISTRICT 6 SCHOOL 57. Security Deposit No ❑ Organization Name CATHOLIC CHARITIES 58. Eviction Prevention Yes ❑ Organization Name CATHOLIC CHARITIES, STEPPING STONES WINDSOR 59. Back Mortgage Payments Yes ❑ Organization Name CATHOLIC CHARITIES, STEPPING STONES OF WINDSOR 60. Utility Assistance Payments Yes ❑ Organization Name CATHOLIC CHARITIES STEPPING STONES OF WINDSOR _ CONTINUUM OF CARE NARRATIVE 61. ‘ ; - 4 : - 5 . - > : • U i .., r .::: • = : s ousing, essential services and hotignMitinionagifins local nonprofit agencies and governmental service providers to ensure coordinated case rother nagement, non -duplication of services AND access to mainstream resources gai H o tulipg Assistance, etc. wag your community or Continuum of (When typing below, please do not use the return (enter) key. Line will automatically- wrap around) THE HOUSING AUTHORITY MEETS MONTHLY WITH THE HOUSING AND EMERGENCY SERVICES NETWORK, HOSTED BY UNITED WAY, WHOSE MEMBERS INCLUDE, CATHOLIC CHARITIES, A WOMAN'S PLACE, GREELEY TRANSITIONAL HOUSE, ROOM AT THE INN, SALVATION ARMY, WELD FOOD BANK, WELD HUMAN SERVICES, CITY OF GREELEY, GREELEY INTERFAITH, NORTH RANGE MENTAL HEATH, SUNRISE MEDICAL CLINIC, AND THE UNITED WAY. THIS ALLOWS US TO SHARE INFORMATION, CURRENT TRENDS, SEEK COMMON SOLUTIONS FINANCIAL CAPACITY - 6 62. plain your organization's . and and explain hale agency " - lee aisabillimagnamisi (When typing below, not use the return (enter) key. Line will automatically wrap around) Housing Authority acts as a pass thru for ESG funds to the above mention five non-profit agencies. please do Weld County Payment request are reviewed and consolidated prior to requesting funds from the Department of Housing. After funds are received they are processed and payments to the non-profit are normally made in 3 days. The Accounting procedures of the Weld County Housing Authority are regulated by HUD regulations. There is an emphasis on seperation of duties for financial activities and requirement for two signatures on all checks. The Housing Authority reports monthly to the Weld County Commisioners and the Board of Commisioners of the Greeley Housing Authority financial statements are included as part of monthly reports. As an agency receiving in excess of $100,000 in federal funds the Authority receives an annual independent audit of all activites including ESG pass thru funds. Financial activities are electronically reported, including ESG activities, with in 60 days of the end of the Authority's fiscal year (unaudited) to HUD. The Annual Audit is provided to the Board of Commissioners and electronically reported to HUD. 7 ABILITY TO COMPLY WITH HOMELESS MANAGEMENT INFORMATION SYSTEMS (HMIS) (When typing below, please do not use the return (enter) key. Line will automatically wrap around) 63. en and where did your agency staff receive training on Homeless Management Information Systems IS)? N/A 64. gist Computer(s) and printers that are/can be dedicated to HMIS: Models, Operating Systems, Storage fiacity N/A N/A 66. Please place an "X" in the box that best describes your current HMIS status n I am a new applicant. ❑ My agency is entering all HUD -required HMIS data elements on a consistent basis. ❑ My agency is in discussions with my systems operator regarding my participation. We have not yet been trained on the HMIS system. ❑ My agency is a new State ESG Applicant, but we enter HMIS information for another Federal grant. n My staff has been trained on HMIS, but I am waiting to upgrade equipment and or training before we fully participate. ® My agency is exempt from HMIS. 8 Date: `T (l eGI oft. 111k COLORADO Weld County Housing Authority P.O. Box 130 Greeley, CO 80632 970 353-7437 CERTIFICATION OF LOCAL APPROVAL BY LOCAL BOARD OF COMMISSIONERS FOR NON-PROFIT ORGANIZATIONS I William F. Garcia, Chair, duly authorized to act on behalf of Weld County hereby approve the following project(s) proposed by Catholic Charities and Community Services of the Archdiocese of Denver, Inc., Weld County Regional Office, which is located in Weld County. illiam F. Garcia -Chair and of County Commissioners eld County, Colorado 111k COLORADO Weld County Housing Authority P.O. Box 130 Greeley, CO 80632 970 353-7437 CERTIFICATION OF LOCAL APPROVAL BY LOCAL BOARD OF COMMISSIONERS FOR NON-PROFIT ORGANIZATIONS I William F. Garcia, Chair, duly authorized to act on behalf of Weld County hereby approve the following project(s) proposed by Stepping Stones of Windsor, which is located in Weld County. Depu, Clerk Date: liam F. Garcia, Chair and of County Commissioners eld County, Colorado Weld County Housing Authority P.O. Box 130 Greeley, CO 80632 970 353-7437 COLORADO CERTIFICATION OF LOCAL APPROVAL BY LOCAL BOARD OF COMMISSIONERS FOR NON-PROFIT ORGANIZATIONS I William F. Garcia, Chair, duly authorized to act on behalf of Weld County hereby approve the following project(s) proposed by A Woman's Place Inc., which is located in Weld County. ATTEST: By. De . t y Clerk -- the Board Date: Ljli (bq William F. Garcia, Chair Board of County Commissioners Weld County, Colorado A*:%; Wilk COLORADO. Weld County Housing Authority P.O. Box 130 Greeley, CO 80632 970 353-7437 CERTIFICATION OF LOCAL APPROVAL BY LOCAL BOARD OF COMMISSIONERS FOR NON-PROFIT ORGANIZATIONS I William F. Garcia, Chair, duly authorized to act on behalf of Weld County hereby approve the following project(s) proposed by Room at the Inn, which is located in Weld County. Will(dm F. Garcia, Chair Board of County Commissioners Weld County, Colorado De •t Clerk • the Board Date: Weld County Housing Authority P.O. Box 130 Greeley, CO 80632 970 353-7437 Wilk COLORADO CERTIFICATION OF LOCAL APPROVAL BY LOCAL BOARD OF COMMISSIONERS FOR NON-PROFIT ORGANIZATIONS I William F. Garcia, Chair, duly authorized to act onbehalf of Weld County hereby approve the following project(s) proposed by Greeley Transitional House, which is located in Weld County. ATTEST: By: De. i. Clerk • the Board Date: D9 William F. Garcia, Chair Board of County Commissioners Weld County, Colorado OTHER DOCUMENTS THAT l OU MUST SUBMIT WITH THIS APPLICATION (See attached pages) ABILITY TO COMPLY WITH STATE'SINSURANCE REQUIREMENTS The State requires various insurance. Please use drop down box in each section indicating YES if you have the required insurance or NO if you do not. You may provide an explanation after each section of challenges that you face. 1. "The Contractor shall obtain, and maintain at all times during the term of the agreement, insurance in the following kinds and amounts: a. Workers Compensation Insurance as required by state statute and Employer's Liability Insurance covering all of the contractor's employees acting within the course and scope of their employment. Yes l.a. Issues or Explanation: b. Commercial General Liability Insurance written on ISO occurrence form CG 00 01 10/93 or equivalency, covering premises, operations, fire damage, independent contractors, products and completed operations, blanket contractual liability, personal injury, and advertising liability within minimum limits as follows: i. $1,000,000 each occurrence ii. $1,000,000 general aggregate; iii. $1,000,000 products and completed operations aggregate; and iv. $50,000 any one fire. Yes l.b. Issues or Explanation: c. Automobile Liability Insurance covering any auto (including owned, hired and non -owned autos) with a minimum limit as follows: $1,000,000 each accident combined single limit. Yes 1.c. Issues or Explanation: 2. The State of Colorado is named (or will be named within 7 business days of the effective date of the contract) as additional insured on Commercial General Liability and Automobile Liability Insurance policies (leases and construction contracts will require the additional insured coverage for completed operations on endorsements CD 2010 11/85, CG 2037 or equivalent). Coverage required of the contract will be primary over any insurance or self-insurance program carried by the State of Colorado. Yes 2. Issues or Explanation: 3. The Insurance includes (or will include within 7 business days of the effective date of the contract) provisions preventing cancellation or non -renewal without at least 45 days prior notice to the State by certified mail; Yee 3. Issues or Explanation: 4. The contractor will require all insurance policies in any way related to the contract, and secured and maintained by the contractor, to include clauses stating that each carrier will waive all rights of recovery under subrogation or otherwise, against the State of Colorado, its agencies, institutions, organizations, officers, agents, employees and volunteers. SLECT ONE: 4. Issues or Explanation: 5. All policies evidencing the insurance coverage required hereunder shall be insured by insurance companies satisfactory to the State. Yes 5. Issues or Explanation: 6. The contractor shall provide certificates showing insurance coverage required by the contract to the State within 7 business days of the effective date of the contract. Yes 6. Issues or Explanation: 7. Notwithstanding subsection "a' of this section, if the Contractor is a "public entity" agrees, within the meaning of the Colorado Government Immunity Act, CRS 24.10-101, et seq, as amended ("Act"), the contractor shall at all times during the term of the contract maintain only such liability insurance by commercial policy or self-insurance, as is necessary to meet its liabilities under the act and show proof of insurance upon request. Yes 7. Issues or Explanation: iPt r Foul eyficl ♦- ) `,..',.. ell a4•�d �.5I�:d . �i4.1 P f1 P.ill All applicants are required to complete the Match Certification form. Eligible forms of match are as follows: • The value of salary paid to staff to carry out the ESG Program. • The value of the time and services contributed by volunteers to carry out the program at a rate of $5.00 per hour. • Volunteers providing professional services such as medical or legal services valued at the reasonable and customary rate in the community. • The value of any donated material or building. • The value of any building lease using a method to reasonably calculate fair market value. • Award letters from foundations, organizations, private individuals, and other government sources. **Note: These awards must overlap the ESG funding period to be eligible. ** MATCH CERTIFICATION SOURCES OF LOCAL MATCH (Attach supporting documentation for available match. Documentation should reflect funding availability during the ESG contract year.) NAME WELD COUNTY NAME Fund Raising/Cash Loans Building Value or Lease Donated Goods Donated Computers New Staff Salaries Volunteers ($5.00 per hour) Volunteer Medical/Legal Other (specify) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 AMOUNT $0.00 $0.00 AMOUNT $0.00 $0.00 $0.00 $3,000.00 I certify that match funds have been identified and committed to support the proposed ESG project and have not been used to match previous ESG awards (i.e. the value of a donated building used as match in a 2001 award cannot be used as match in 2007). This form is a description of the sources and amounts of such match funds, whiff are not being used as match for any other federal program. 1M1 12 Additional Funds Documentation The list of all sources of additional funds not included as match to be used to carry out your proposed project. Be specific. Sources of Additional Funds Amount of Additional Funds $0.00 $0.00 $0:00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Total Additional Funds Committed to the ESG Process $0`.00 SAMPLE CERTIFICATION OF LOCAL APPROVAL BY LOCAL BOARD OF COMMISSIONERS FOR NONPROFIT ORGANIZATIONS (Should be on Ole;. can be signed by or I, , (name and title) duly authorize to act on behalf of the (name of jurisdiction) hereby approve the following project(s) proposed by (name of nonprofit) which is (are) to be located in (name of jurisdiction): By: Name and Title Date Certification of Consistency with Consolidated Plan I Rebecca L. Safarik, Community Development Director certify that Weld County Housing Authority located in the City of Greeley is consistent with the Consolidated Plan for the City of Greeley CCA. Rebecca L. Safarik Community Developme'rector Date of Certification 3/30/2009 EMERGENCY SHELTER GRANTS PROGRAM ASSURANCES AND CERTIFICATIONS William. F. Garcia (name of chief elected official or appropriate non-profit signatory) Chair Board of Commissioners of Weld County of (town, city, county or nonprofit organization) which is applying to the State of Colorado for funding through the Emergency Shelter Grant Program from the U.S. Department of Housing and Urban Development (HUD), hereby assures and certifies that: Amounts awarded under this program will be used only for these purposes: 1. Assist in the prevention of homelessness. 2. Assist in supporting the essential operating costs of shelters. 3. Assist in improving the quality of supportive services to the homeless. Projects will not require participation in religious services, as a condition for receiving assistance. All projects funded will develop and administer, in good faith, a policy designed to ensure the shelter is free from the illegal use, possession or distribution of DRUGS and ALCOHOL by its beneficiaries. Political activities will be prohibited in accordance with subsection 675 (e) of the Community Services Block Grant Act of 1981. The town, city, county or nonprofit organization certifies that matching supplemental funds required by the regulations at 24 CFR 576.71 and 576.85(a)(3), as mentioned by the amendments to Items 415(a) and 415(c) of the Stewart B. McKinney Homeless Assistance Act made by Section 832(e) of the Cranston -Gonzalez National Affordable Housing Act of 1990 (Public Law 101-625, November 28, 1990) will be provided. The amendment exempts the first $100,000 from the matching requirement and requires that the benefit of the $100,000 exemption be provided to those recipients from the State that are least capable of providing the matching funds. The requirements of 24 CFR 576.21(a)(4)(ii) which provide that the funding of homeless prevention activities for families that have received eviction notices or notices of termination of utility services meet the following standards: (A) that the inability of the family to make the required payments must be the result of a sudden reduction in income; (B) that the assistance must be necessary to avoid eviction of the family or termination of the services to the family; (C) that there must be a reasonable prospect that the family will be able to resume payments within a reasonable period of time; (D) that the assistance must not supplant funding for preexisting homeless prevention activities from any other source; (E) occur a week before eviction, foreclosure or termination. The requirements of 24 CFR 576.51(b)(2)(iii) concerning that submission by nonprofit organizations applying for funding of a certification of approval of the proposed project(s) from the unit of local government in which the proposed project is located. The requirements of 24 CFR 576.51(b)(2)(v) concerning the funding of emergency shelter in hotels or motels or commercial facilities providing transient housing. The requirements of 24 CFR576.56(a)(3) concerning the provision of termination and/or grievance procedures for an individual or family who violates program requirements. The requirement of 24 CFR576.56(b) concerning the involvement of homeless individuals and families in providing work or services pertaining to policy -making and in operations of facilities or activities assisted under this part. The requirement of 24 CFR576.57 concerning the prohibition of conflict of interest or financial interest in decision -making by elected officials, appointed officials, staff or board of directors except as may be granted by HUD as provided in 570.611(d). 16 The requirements of 24 C- 576.73 concerning the continued use of ildings for which Emergency Shelter Grant funds are used for rehabilitation or conversion of buildings for u of emergency shelters for the homeless; or when funds are used solely for operating costs or essential services, concerning the population to be served. The building standards requirement of 24 CFR 576.75. The requirements of 24 CFR 576.77, concerning assistance to the homeless. The requirements of 24 CFR 576.79, other appropriate provisions of 24 CFR Part 576, and other applicable Federal law concerning nondiscrimination and equal opportunity. The requirements of 24 CFR 576.80 concerning minimizing the displacement of persons, as a result of a project assisted with these funds. The requirements of 24 CFR 576.80 concerning the Uniform Relocation Assistance and Real Acquisition Policies Act of 1970. The requirement of the Cranston -Gonzalez National Affordable Housing Act (Public Law 101-625, November 28, 1990 contained in Section 832(e)(2)(C) that grantees develop and implement procedures the ensure the confidentiality of records pertaining to any individual provided family violence prevention or treatment services under any project assisted "under the Emergency Shelter Grants Program" will, except with written authorization of the person or persons responsible for the operation of such shelter, not be made public." The requirement that local government will comply with the provisions of and regulations and procedures applicable under section 104(g) of the Housing and Community Development Act of 1974 with respect to the environmental review responsibilities under the National Environmental Policy Act of 1969 and related authorities, as specified in 24 CFR Part 58, and as applicable to activities of nonprofit organizations. The requirement that no Federal appropriated funds have been paid, by or on behalf of the local government or nonprofit organization, to any person for influencing or attempting to influence an officer or employee of any agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with the awarding of any Federal loan, the entering into of any cooperative agreement, and modification of any Federal contract, grant, loan or cooperative agreement. The requirement that if any funds, other than Federal appropriated funds have been paid or will be paid to any person for influencing or attempting to influence an officer or employee of any agency, a member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with this Federal contract, grant, loan or cooperative agreement, the local government or nonprofit organization shall complete and submit Standard Form-LLL, "Disclosure Form to Report Lobbying," in accordance with its instructions. The requirement of disclosure specified in Subpart C of 24 CFR Part 12 regarding assistance from other HUD -funded programs. The requirement that the local government or nonprofit organization shall require that the language of the PROHIBITION OF THE USE OF FEDERAL FUNDS FOR LOBBYING CERTIFICATION be included in the award documents for all standards at all tiers including subcontracts, subgrants, and contracts under grants, loans, and cooperative agreements and that all subrecipients shall certify and disclose accordingly. The requirement that (68 Fed. Reg. 43430) agencies receiving funding from the Emergency Shelter Grant Program become compliant with Homeless Management Information System (HMIS) as required by the Department of Housing and Urban Development. The required certification that the submission of an application for any emergency shelter grant is authorized under applicable law and that the local government or nonprofit organization possesses legal authority to carry out emergency shelter grant activities in accordance with applicable law and regulations of the Department of Housing and Urban Development. William F. Garcia Housing Authori Name rd of Commissioners Chair, Weld County Title 17 y///2Ce Signature Date CDOH PERFORMANCE MEASUREMENTS AND OUTCOMES All ESG proposals must comply with the CDOH Performance Measurements and Outcomes. I have read the performance and outcome measurements shown below and understand that these may differ from measurements required by HUD. (Please Use Drop Down Box) YES Name: William F. Garcia Title: Chair. Weld County Board of Commissioners Date: 3/31/2009 Performance Measurements and Outcome Requirements Objective: Serve the lowest income and hardest to serve individuals and families meeting critical housing needs through state and federal initiatives by creating a suitable living environment or decent affordable housing. : ESG : ESG Funding 1. End chronic homelessness and move homeless families and individuals into permanent housing. 2. Availability/accessibility for the purpose of creating suitable living environments. 3. Promote self-sufficiency, efficient use of funds and effective program administration. • Number of homeless persons receiving case management who move into safe and stable housing. • Average cost per person receiving ESG assistance. • Recipient expended all ESG funds within the established grant timeframe. • Recipient met the deadline for submitting their signed grant agreement. • Recipient met the deadline for submitting evidentiary documents. • Recipient met the deadline for submitting performance reports. • Recipient meets required standards for documentation of homelessness. • Recipient complies with required record keeping methods. • Recipient complies with the due process of terminating ESG funded assistance of participant. • Amount of money leveraged. • Does recipient have current non -corrected and/or corrected findings from previous compliance reviews? • Number of homeless persons receiving case management who move into safe and stable housing. • Average cost per person receiving ESG assistance. • The total number of adults and children served on an annual basis (reported under Residential Services). • The number of persons served by race and ethnicity. • Number of persons assisted with ESG funds for eviction notices. • Number of persons assisted with ESG funds for utility termination notices. • Number of persons assisted with ESG funds for security deposits and/or first month's rent. • The total number of adults and children served on an annual basis (reported under Non -Residential Services). • The number of persons served by race and ethnicity. • Number of homeless persons that received ESG funded services concerned with employment. • Number of homeless persons that received ESG funded services concerned with health. • Number of homeless persons that received ESG funded services concerned with substance abuse. • Number of homeless persons that received ESG funded services concerned with education. • Number of homeless persons that become successfully independent of ESG funded services. • Number of homeless persons that return to their prior living situation • The total number of adults and children served on an annual basis (reported under Non -Residential 18 Services). • The number of persons served by race and ethnicity. 19 COPY OF YOUR 501(c)(3) Ruling w /fr 20 COPY OF YOUR LAST AUDIT 21 HOUSING AUTHORITY OF WELD COUNTY AUDITED FINANCIAL STATEMENTS GREELEY, COLORADO DECEMBER 31 , 2007 8518 S Kays Chapel Rd Fredericksburg, IN 47120 812-472-3527 Certified Public Accountant 870 Cinderella Court Decatur, GA 30033 404-297-9881 I I I I I I I I I I I I I I I I I I I HOUSING AUTHORITY OF WELD COUNTY Greeley, Colorado DECEMBER 31, 2007 TABLE OF CONTENTS Independent Auditor's Report Management's Discussion and Analysis FINANCIAL STATEMENTS Statement of Net Assets Statement of Revenues, Expenses, and Changes in Net Assets Statement of Cash Flows Notes to Financial Statements SUPPLEMENTAL FINANCIAL INFORMATION Combining Schedule of Program Net Assets Combining Schedule of Program Revenue, Expenses and Changes In Net Assets Financial Data Schedule Schedule of Expenditures of Federal Awards OTHER REPORTS Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards Report on Compliance with Requirements Applicable to Each Major Program and Internal Control over Compliance in Accordance with OMB Circular A-133 Schedule of Findings and Questioned Costs Page 1 2 3 4 6 15 16 17 19 20 21 23 kinS ides Certified Public Accountant 8518 S Kays Chapel Road Fredericksburg, Indiana 47120 INDEPENDENT AUDITOR'S REPORT Board of Commissioners Housing Authority of Weld County 903 6th Street Greeley, CO 80631 I have audited the financial statements of the Housing Authority of Weld County ("the Authority") a and for the year ended December 31, 2007, as listed in the table of contents. These financial stater( are the responsibility of the Authority's management. My responsibility is to express an opinion on t financial statements based on my audit. I conducted my audit in accordance with auditing standards generally accepted in the United State America and the standards applicable to financial audits contained in Government Auditing Standards is by the Comptroller General of the United States. Those standards require that I plan and perform audit to obtain reasonable assurance about whether the financial statements are free of mate misstatement. An audit includes examining, on a test basis, evidence supporting the amounts disclosures in the financial statements. An audit also includes assessing the accounting principles and significant estimates made by management, as well as evaluating the overall financial state presentation. I believe that my audit provides a reasonable basis for my opinion. In my opinion, the financial statements referred to above present fairly, in all material respects, financial position of the Authority as of December 31, 2007, and the changes in financial position ant cash flows for the year indicated above, in conformity with accounting principles generally accept( the United States of America. In accordance with Government Auditing Standards, I have also issued my report dated April 3, 2008, i consideration of the Authority's internal control over financial reporting and my tests of its compl: with certain provisions of laws, regulations, contracts, and grant agreements and other matters. purpose of that report is to describe the scope of my testing of internal control over financial repo. and compliance and the results of that testing, and not to provide an opinion on the internal control financial reporting or on compliance. That report is an integral part of an audit performed in accor with Government Auditing Standards, and should be considered in assessing the results of my audit. The Management's Discussion and Analysis, as detailed in the table of contents in this Report, is required part of the financial statements but is supplementary information, required by accoui principles generally accepted in the United States of America. I have applied certain limited proced which consisted principally of inquires made of management regarding the methods of measurement presentation of the supplementary information. However, I did not audit the information and expre opinion on it. My audit was performed for the purpose of forming an opinion on the financial statements of the He Authority of Weld County. The accompanying Schedule of Expenditures of Federal Awards is presente purposes of additional analysis as required by the U.S. Office of Management and Budget Circular P Audits of States, Local Governments and Non -Profit Organizations, and is not a required part o financial statements of the Authority. The supplemental information as listed in the table of cont including the Financial Data Schedule is presented for purposes of additional analysis, and is required part of the financial statements. Such supplementary information has been subjected t auditing procedures applied in the audit of the financial statements, and in my opinion, is fairly in all material respects in relation to the financial statements taken as a whole. Cerjjified Public Accountant Fredericksburg, Indiana April 3, 2008 HOUSING AUTHORITY OF WELD COUNTY MANAGEMENT'S DISCUSSION AND ANALYSIS Year Ended December 31, 2007 The discussion and analysis of the Housing Authority of Weld County (the Authority) financial performance provides an overall review of the Authority's financial activities for the year ended December 31, 2007. The intent of this discussion and analysis is to look at the Authority's financial performance as a whole. Readers should also review notes to the financial statements and the financial statements to broaden their understanding of the Authority's financial performance. Financial Highlights The primary focus of the Authority's financial statements is on its single enterprise fund, which includes programs administered by the Housing Authority of Weld County. The Authority operates under three activities: 1) Housing Choice Vouchers program, 2) Emergency Shelter Grant program, and 3) a Consolidated Other Business program. These programs are described as follows: • Housing Choice Vouchers - Section 8 — Voucher payment assistance from the Department of Housing & Urban Development (HUD) that provides support to low income families in need of sanitary, safe, and modest rental housing. Currently the Authority has authorization for 427 units. HUD provides funding for these payments on a pre -determined annual basis and also pays the Authority an administrative fee to cover its operating costs. • Emergency Shelter Grant — The Authority acts as a pass through in providing assistance to four local shelters offering short term housing support for transitional needy families. This funding generally comes through Federally supported grants based on submission of grant requests. • Consolidated Other Business — This activity provides support through a rehabilitation program to assist low income homeowners. The program is targeted to making home improvement loans for families whose income falls below the 80% AMI (Area Median Income). Using the basic Financial Statements The Financial Statements consist of Management Discussion and Analysis (this section) and a series of financial statements and notes to these statements. The statements are organized so that the reader can review the Housing Authority of Weld County as an entire operating entity. The statements then proceed to provide an increasingly detailed look at specific financial activities. The overview of the statements is provided to give information about the Authority's overall financial condition. They are comprised of the following: 1) the Statement of Net Assets; and 2) the Statement of Activities; and 3) Statement of Cash Flows; and 4) Notes to the Financial Statements HOUSING AUTHORITY OF WELD COUNTY MANAGEMENT'S DISCUSSION AND ANALYSIS Year Ended December 31, 2007 (continued) Financial Analysis of the Authority as a Whole The Authority's net assets were $2,515,108 at December 31, 2007 and $2,087,029 at December 31, 20W representing an increase of $428,079 or 20.5 percent from 2006. The prior year's increase in net assets wz $204,066 or 10.8 percent. Net income for the year 2007 was $428,079 compared to $169,547 for 200( representing an increase of $260,532. The improved income results arc due to an increase in HUD grants an contributions of $233,066, a reduction in other income of $90,815, and a decrease in total expenses of $285,82 or 9.4 percent. The reduction in operating expenses is related to decreases in Section 8 voucher payments $163,173 and other expenses of $10,842. Administrative expenses increased by $57,734. Further review provided on page 5 of this section. The financial statements report information about the Authority as a whole using accounting methods similar those used by private businesses. The statements of net assets include all of the entity's assets, net of liabilitie The Authority's revenues and expenses are accounted for using the accrual method of accounting, determine when revenues are earned and costs incurred. The financial statements report the Authority's net assets and how they have changed. The change in net asse is important because it informs the reader that for the Authority as a whole, the financial position of it Authority has improved or diminished. The causes of these changes may be the result of various facto including facility conditions, financial, and local economic or environmental conditions. Net assets may serve over time as a useful indicator of an organization's financial position. In the case of t Authority, assets exceeded liabilities by $2,515,108 at December 31, 2007. Net assets are comprised of t following components: • Current — Consists of unrestricted cash of $1,234,020, restricted cash of $580,164, r receivables of $91,004, prepaid assets of $1,800. • Capital assets — Consists of equipment, net of accumulated depreciation and related debt. • Other assets — Comprised of assistance loans for rehab and first time home buyers. Statement of Activities and Changes in Net Assets reports the operating and non -operating revenues, a operating and non -operating expenses for the year ended December 31, 2007. These increases (or decrease result in the Change in Net Assets for the year. • Total revenues increased 4.7% during the year by $142,251 from $3,054,423 to $3,196,674. • Total expenses decreased 4.0% during the year by $116,281 from $2,884,876 to $2,768,595. ii HOUSING AUTHORITY OF WELD COUNTY MANAGEMENT'S DISCUSSION AND ANALYSIS Year Ended December 31, 2007 (continued) Condensed Statement of Net Assets Assets: Current Net capital assets Non -current assets Total Assets Liabilities: Current Non -current Total Liabilities Net Assets S2515.1O 2007 2006 $ 1,906,988 $ 1,493,506 14,471 13,323 730,388 652,297 2,651,847 2,159,126 112,067 24,672 136,739 72,097 $ 2,087,029 72,097 0 The Statement of net assets reflects increases in current asset and current liability positions due primarily to improvement in program revenue and decreased expenses. A summary of changes in net assets is as follows: Condensed Statement of Activities and Changes in Net Assets 2007 2006 Program Revenue Operating grants & contributions $ 3,167,816 $ 2,934,750 Charges for services 0 20,054 Other revenue 28,858 99,619 Total Revenue 3,196,674 3,054,423 Expenses Administration Housing assistance payments Other expenses Total Expenses Change in Net Assets 365,039 307,305 2,400,647 2,563,820 2,909 13,751 2,768,595 2,884,876 428,079. 169,547 Net Assets - Beginning 2,087,029 1,917,482 Net Assets - Ending $ 2,515,108 $ 2,087,029 Reporting the Authority's Most Significant Funds Proprietary Funds — Proprietary funds have historically operated as enterprise funds using the same basis of accounting as business -type activities; therefore, these statements will essentially match the information provided in the statements for the Authority as a whole. As the Authority has only one fund, the narrative description of the changes in the government -wide financial statements is the same as those that would be presented on a fund level. iii HOUSING AUTHORITY OF WELD COUNTY MANAGEMENT'S DISCUSSION AND ANALYSIS Year Ended December 31, 2007 (continued) Reporting the Authority's Most Significant Funds (continued) Results of Operations - Significant changes for revenues and expenses for 2007 are highlighted below: • Total revenues increased $142,251 while total expenses decreased $116,281, resulting in net income increase of $258,532 over 2006. • HUD Housing Assistance Payments increased to $3,167,816 compared to $2,934,750 for 2006. • Other revenues (including charges for services) decreased $90,815 from $119,673 in 2006 to $28,858 for 2007. • Administrative expenses increased $57,734 to $365,039 from $307,305 in 2006. The primary differences resulted from charges to bad debts of $47,683 and $6,593 in Emergency Shelter Grant expenses. • HAP expenses decreased $163,173 from $2,563,820 for 2006 to 2,400,647 in 2007. The results of 2007 activities were an increase to Net Assets of $428,079. Additional information is available the combining schedule of program revenues of the financial statements. CAPITAL ASSET AND DEBT ADMINISTRATION Capital Assets - At the end of 2007, the Authority had $14,471 invested in net capital assets (See below). There is no debt related to these assets. Furniture and Equipment Less: Acc Depreciation Balance January 1, 2007 $ 45,202 (31,879) Net Capital Assets $ 13,323 Additions Retirements $ 1,556 $ (6,892) (408) 6,892 $ 1,148 $ 0 Balance December 31, 2007 $ 39,866 (25,395) S___144471 Additional information on the Authority's capital assets can be found in Foot Note A, page 8, of the financial statements. The Future of the Authority - The Authority is anticipating continued operational activities at the same ley( as previous years. Request for Information The financial report is designed to provide information for regulatory reporting to federal and state agencies those with an interest in the Authority's finances. Questions concerning this or any additional information should be addressed to: Tom Teixeira, Executive Director Greeley/Weld Housing Authorities 903 6` St., PO Box 130 Greeley, CO 80632-0130 iv FINANCIAL STATEMENTS WELD COUNTY HOUSING AUTHORITY Greeley, Colorado STATEMENT OF NET ASSETS DECEMBER 31, 2007 ASSETS Current Assets Cash and cash equivalents Restricted cash and cash equivalents Accounts receivable, net Prepaid expenses Total Current Assets Noncurrent Assets Mortgages receivable Total Noncurrent Assets Capital Assets Depreciable capital assets, net Total Capital Assets TOTAL ASSETS LIABILITIES Current liabilities Accounts payable Accrued liabilities Payable from restricted cash and and cash equivalents: Family self sufficiency escrow Deferred revenue Total Current Liabilities Noncurrent Liabilities Other noncurrent liabilities Total Noncurrent Liabilities Total Liabilities NET ASSETS Invested in capital assets Restricted net assets Unrestricted net assets Total Net Assets $ 1,234,020 580,164 91,004 1,800 1,906,988 730,388 730,388 14,471 14,471 2,651,847 53,823 10,874 38,301 9,069 112,067 24,672 24,672 136,739 14,471 541,863 1,958,774 $ 2,515,108 The accompanying notes are an integral part of these financial statements. 2 I WELD COUNTY HOUSING AUTHORITY Greeley, Colorado STATEMENT OF REVENUES EXPENSES AND CHANGES IN NET ASSETS FOR THE YEAR ENDED DECEMBER 31, 2007 OPERATING REVENUES Other income 16,552 TOTAL OPERATING REVENUE 16,552 OPERATING EXPENSES Administrative Tenant services Utilities Ordinary maintenance and operation General expense Housing assistance payments Depreciation expense TOTAL OPERATING EXPENSES OPERATING INCOME (LOSS) NONOPERATING REVENUES Federal operating grants Interest income TOTAL NONOPERATING REVENUES CHANGE IN NET ASSETS TOTAL NET ASSETS - BEGINNING OF YEAR TOTAL NET ASSETS - END OF YEAR 362,176 0 0 2,500 2,863 2,400,647 409 2,768,595 (2,752,043) 3,167,816 12, 306 3,180,122 428,079 2,087,029 S 2,515,108 The accompanying notes are an integral part of these financial statements 3 WELD COUNTY HOUSING AUTHORITY Greeley, Colorado STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2007 CASH FLOWS FROM OPERATING ACTIVITIES Receipts from tenants and other deposits $ 16,575 Payments to vendors (109,097) Payments to landlords (2,400,647) Payments to employees (151,279). Net Cash Used by Operating Activities (2,644,446) rASH FLOWS FROM NONrAPITAL FINANCING ACTIVITIES Federal operating grants received Net Cash From Noncapital Financing Activities CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition and construction of capital assets Net Cash Flows Provided (Used) by Capital and Related Financing Activities CASH FLOWS FROM INVESTING ACTIVITIES Interest income Net Cash From Investing Activities 3,167,816 3,167,816 (1,558) (1,558) 12,306 12,306 Net Increase (Decrease) in Cash and Cash Equivalents 534,116 Cash - Beginning of year 1,280,068 Cash - End of year Reconciliation of Cash and Cash Equivalents: Deposits in bank Restricted cash Total Cash and Cash Equivalents Continued $ 1,814,184 $ 1,234,020 580,164 $ 1,814,184 4 I I I I I I I I I I I I I I I I I I WELD COUNTY HOUSING AUTHORITY Greeley, Colorado STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2007 (CONTINUED) RECONCILIATION OF OPERATING (LOSS) TO NET CASH USED BY OPERATING ACTIVITIES Operating income (loss) $ (2,752,043) Adjustments to reconcile net income to net cash Provided by operating activities: Depreciation 409 Changes in operating assets and liabilities: (Increase) Decrease in: Accounts receivable 120,579 Prepaid expenses - 55 Other assets (78,091) Increase (Decrease) in: Accounts payable 61,023 Accrued liabilities 3,597 Deferred revenue 23 Net Cash Flows Provided (Used) by Operating Activities $ (2,644,448) The accompanying notes are an integral part of these financial statements 5 HOUSING AUTHORITY OF WELD COUNTY Greeley, Colorado NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2007 NOTE A - Summary of Significant Accounting Policies and Organization: The financial statements of the HOUSING AUTHORITY OF WELD COUNTY ("the Authority") have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to government units. The Government Accounting Standards Board (GASB) is the accepted standard - setting body for establishing governmental accounting and financial reporting principles. The Housing Authority of Weld County is a political subdivision both corporate and politic which was established under the provision of Colorado Statutes, to provide adequate housing at rents which persons of low-income can afford in areas where there exists a shortage. To accomplish this purpose, the Authority has entered into annual contributions contracts with the U.S. Department of Housing and Urban Development (HUD) to be the Administrator of a Section 8 Housing Assistance Payments Program under Annual Contributions Contract CO -090. The financial statements also include the Business Activities and the Emergency Shelter Grants Program. Reporting Entity The entity is a public corporation, legally separate, fiscally independent, and governed by the Board of Commissioners. As required by generally accepted accounting principles, these financial statements present the financial position and results of operations of the Housing Authority of Weld County, a primary government. There are no component units to be included herewith, but this report does include all programs which are controlled by the entity's governing body. The financial statements of the Housing Authority of Weld County include the following: At December 31, 2007, the Housing Authority has 427 units in management. Project Units Housing Choice Vouchers 427 Basis of Presentation The Authority's financial statements are accounted for on the flow of economic resources measurement focus using the accrual basis of accounting. Revenues are recognized when they are earned, and expenses are recognized when incurred. Pursuant to GASB Statement No. 20, Accounting and Financial Reporting for Proprietary Funds and Other Governmental Entities that use Proprietary Fund Accounting, the Authority applies all applicable GASB pronouncements as well as FASB Statements and Interpretations, APB Opinions, and ARB's issued on or before, November 30, 1989, unless those pronouncements conflict with or contradicts GASB pronouncements. In accordance with uniform financial reporting standards for HUD housing programs, the financial statements are prepared in accordance with U. S. generally accepted accounting principles (GAAP) as applicable to special purpose governments engaged only in business type activities. 6 HOUSING AUTHORITY OF WELD COUNTY Greeley, Colorado NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2007 NOTE A - Summary of Significant Accounting Policies and Organization: The financial statements of the HOUSING AUTHORITY OF WELD COUNTY ("the Authority") have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to government units. The Government Accounting Standards Board (GASB) is the accepted standard - setting body for establishing governmental accounting and financial reporting principles. The Housing Authority of Weld County is a political subdivision both corporate and politic which was established under the provision of Colorado Statutes, to provide adequate housing at rents which persons of low-income can afford in areas where there exists a shortage. To accomplish this purpose, the Authority has entered into annual contributions contracts with the U.S. Department of Housing and Urban Development (HUD) to be the Administrator of a Section 8 Housing Assistance Payments Program under Annual Contributions Contract CO -090. The financial statements also include the Business Activities and the Emergency Shelter Grants Program. Reporting Entity The entity is a public corporation, legally separate, fiscally independent, and governed by the Board of Commissioners. As required by generally accepted accounting principles, these financial statements present the financial position and results of operations of the Housing Authority of Weld County, a primary government. There are no component units to be included herewith, but this report does include all programs which are controlled by the entity's governing body. The financial statements of the Housing Authority of Weld County include the following: At December 31, 2007, the Housing Authority has 427 units in management. Project Units Housing Choice Vouchers 427 Basis of Presentation The Authority's financial statements are accounted for on the flow of economic resources measurement focus using the accrual basis of accounting. Revenues are recognized when they are earned, and expenses are recognized when incurred. Pursuant to GASB Statement No. 20, Accounting and Financial Reporting for Proprietary Funds and Other Governmental Entities that use Proprietary Fund Accounting, the Authority applies all applicable GASB pronouncements as well as FASB Statements and Interpretations, APB Opinions, and ARB's issued on or before, November 30, 1989, unless those pronouncements conflict with or contradicts GASB pronouncements. In accordance with uniform financial reporting standards for HUD housing programs, the financial statements are prepared in accordance with U. S. generally accepted accounting principles (GAAP) as applicable to special purpose governments engaged only in business type activities. 6 HOUSING AUTHORITY OF WELD COUNTY Greeley, Colorado NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2007 (Continued) NOTE A - Summary of Significant Accounting Policies: (Continued) This special purpose government engaged in activities similar to business activities uses an enterprise fund to account for those operations that are financed and operated in a manner similar to private business, or where the Board has decided that the determination of revenues earned, costs incurred, and/or net income is necessary for management accountability. The intent of the governing body is that the costs (expenses including depreciation) of providing services to the general public on a continuing basis be financed or recovered primarily through user charges. Generally accepted accounting principles for state and local governments requires that resources be classified for accounting and reporting purposes into the following three net asset categories: Invested in Capital Assets, Net of Related Debt - Capital assets, net of accumulated depreciation and outstanding principal balances of debt attributable to the acquisition, construction or improvement of those assets. Restricted - Net assets whose use by the Authority is subject to externally imposed stipulations that can be fulfilled by actions of the Authority pursuant to those stipulations or that expire by the passage of time. Such assets include assets restricted for capital acquisitions and debt service. The Authority has restricted funds totaling $541,863 that represents excess HAP grant funding provided by the Department of Housing & Urban Development for the sole purpose of providing assistance payments to eligible individuals through the Housing Choice Voucher Program. This amount represents the total amount of excess Authority to retain these funds for future housing assistance payments. The requirements imposed by HUD represent a legally enforceable requirement upon this program. Unrestricted - Net assets that are not subject to externally imposed stipulations. Unrestricted net assets may be designated for specific purposes by action of management or the Authority Board or may otherwise be limited by contractual agreements with outside party. Accounting Policies - The financial statements of the Authority have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to government units. The Government Accounting Standards Board (GASB) is the accepted standard setting body for establishing governmental accounting and financial reporting principles. Use of Enterprise Accounting - The Authority presents its financial statements using enterprise accounting, as allowed by governments. Although the Authority accounts for its programs using accounts for its internal reporting, the Authority is considered to be a unified enterprise fund for reporting purposes. Accordingly, the Authority uses the economic resources measurement focus and the related accrual basis of accounting. Under the economic resources measurement focus, the Authority accounts for all assets and liabilities. Under the accrual basis of accounting expenses are recorded when the goods and services are received, irrespective of when paid for, and revenues are recorded as earned, irrespective of when cash is received. 7 HOUSING AUTHORITY OF WELD COUNTY Greeley, Colorado NOTES To FINANCIAL STATEMENTS DECEMBER 31, 2007 (Continued) NOTE A - Summa of Si ni£icant Accountin Policies: (Continued) Budge. -Budgets are prepared on an annual basis program and are used as a management for the ch accounting jnr operating The capital tetool throughout "bass.c fund budgets are adopted on a "project length" cycle. 9 basis. Budget compared to Actual presentation has been omitted because Authority does not annually adopt Authority's the y's budget is adopted by pthe a Authority's authorized budget. The d by HUD. This budget does not represent Y board band signed an appropriated budget thatphasebeen g into law or a nonappropriated budget authorized by constitution. The Authority's budget represents budgetary execution and management b its board and HUD; therefore, budgetary data and presentation is required. Y not Cash and Cash E ivalents accounts and - Deposits consist of checking accounts, saving money market accounts and are stated at fair value. Deposits are fully collateralized or vested in securities of the United .States Government and are identified specifically in the name of the Authority. For the purposes of the Statement of Cash Flows, the Authority considers all highly liquid cash deposits and cash equivalents with a maturity of three months or less when purchased and non negotiable Certificates of Deposit to be cash equivalents. There were no noncash investing, capital, and financing activities during the year. Tenant Receivables - Receivables for rentals and service charges are reported at net of an allowance for doubtful accounts. The Housing Authority Board takes monthly action as required to write off specific uncollectable accounts receivable balances. Pre aid - Prepaids represent ents made to vendors for services that will benefit beyond December 31, 2007. Interprogram Due From and the Authority Due To - During the course of its operations, provide services. sInter interprogram rotransactions to finance operations recorded Interprogram accounts receivable andand to recognize transactions between payable have been applicable cash transfer had not been made as programs ba for the Interprogram accounts have of the balance sheet date. m reporting been eliminated for financial purposes. statement Capital Assets - Capital assets purchased are capitalized at the time of purchase. Such assets are recorded at cost. The capitalization the Authority requires assets to be capitalized when Donated assets policy of are recorded at fair market value at their cost is $500. Because developments and the date improvements of financed through major capital donation. g cash advances] repairs or tliziare t costs in current r from HUD, there are no capitalized interest programs. Depreciation of property and equipment is computed by the straight-line method based upon the estimated useful lives of the assets as follows: Class Furniture, Equipment & Machinery Life 5-7 years 8 HOUSING AUTHORITY OF WELD COUNTY Greeley, Colorado NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2007 (Continued) NOTE A - Summary of Significant Accounting Policies: (Continued) Compensated Absences - Compensated absences are those absences for which employees will be paid, such as vacation and sick leave. A liability for compensated absences that is attributable to services already rendered and that are not contingent on a specific event that is outside the control of the Authority and its employees, is accrued as employees earn the rights to the benefits. Compensated absences that relate to future services or that are contingent on a specific event that is outside the control of the Authority and its employees, are accounted for in the period in which such services are rendered or in which such events take place. Operating Revenues and Expenses Operating revenues and expenses generally result from providing and producing goods and/or services in connection with providing low income housing programs. Operating expenses include the cost of sales and services, administrative expenses and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non operating revenues and expenses. Restricted Assets - When both restricted and unrestricted resources are available for use, it is the Authority's policy to use unrestricted resources first, then restricted resources as they are needed. Use of Estimates - Thepreparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Leasing Activities (as Lessor) - The Authority is the lessor of dwelling units primarily to low-income residents. The rents under the leases are determined generally by the resident's income as adjusted for eligible deductions regulated by HUD, although the resident may opt for a flat rent. Leases may be cancelled by the lessee at any time. The Authority may cancel the lease only for cause. Income 'associated with these leases are recorded in the financial statements and schedules as "Rental income". Rental income per resident generally remains consistent from year to year, but is affected by general economic conditions which impact personal income, such as local job availability 9 HOUSING AUTHORITY OF WELD COUNTY Greeley, Colorado NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2007 (Continued) NOTE D - Deposits Cash and Cash Equivalents and Investments: 1. HUD Deposit Restrictions HUD requires Authorities to invest excess HUD program funds in obligations of the United States, certificates of deposit or any other federally insured Instruments. HUD also requires that deposits of HUD program funds be fully insured or collateralized at all times. Acceptable security includes FDIC/FSLIC insurance and the market value of securities purchased and pledged to the political subdivision. Pursuant to HUD restrictions, obligations of the United States are allowed as security for deposits. Obligations furnished as security must be held by the Authority or with an unaffiliated bank or trust company for the account of the Authority. The Colorado Public Deposit Protection Act (PDPA) requires that all units of local government deposit cash in eligible public depositories. Eligibility is determined by state regulations. Amounts on deposit in excess of federal insurance levels must be collateralized by eligible collateral determined by the PDPA. The institution is allowed to create a single collateral pool for all public funds held. The pool is to be maintained by another institution or held in trust for all the uninsured public deposits as a group. The market value of the collateral must be at least equal to 102 percent of the uninsured deposits. 2. Risk Disclosures Interest Rate Risk: As a means of limiting its exposure to fair value losses arising from rising interest rates, the Authority's investment policy limits the Authority's investment portfolio to maturities not to exceed two years at time of purchase. At December 31, 2007, the Authority's deposits and investments were not limited and all of which are either available on demand or have maturities of less than two years. Credit Risk: This.is a risk that a security or a portfolio will lose some or all of its value due to a real or perceived change in the ability of the issuer to repay its debt. The Authority's investment policy is that none of its total portfolio may be invested in securities of any single issuer, other than the US Government, its agencies and instrumentalities. Custodial Credit Risk: This is the risk that in the event of the failure of the counterparty, the Authority will not be able to recover the value of its investments or collateral securities that are held by the counterparty. All of the Authority's investments in securities are held in the name of the Authority. The Authority's custodial agreement policy prohibits counterparties holding securities not in the Authority's name. 10 HOUSING AUTHORITY OF WELD COUNTY Greeley, Colorado NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2007 (Continued) NOTE B Deposits, Cash and Cash Equivalents, and Investments: (continued) The carrying amounts of the Authority's cash deposits were $1,814,184 at December 31, 2007. Bank and investment balances before reconciling items were $1,814,472 at that date, the total amount of which was collateralized or insured with securities held by an unaffiliated banking institution in the Authority's name. Deposits consist of the following: Checking, money market and saving accounts $ 1,814,184 Restricted cash consists of tenant Section 8 HAP reserves and escrow accounts. NOTE C - Accounts Receivable: Accounts receivable at December 31, 2007, consist of the following: Fraud Recovery - Net of allowance for doubtful account of $47,683 Accounts receivable Miscellaneous Accounts receivable - (Related Party) Housing Authority of the City of Greeley Total NOTE D - Prepaid Expenses: Prepaid expenses at December 31, 2007, consist of the following: Prepaid expenses NOTE E - Capital Assets: A summary in changes in capital assets is as follows: S 0 666 90,338 $ 91,004 $ 1,800 Beginning Ending Balance Balance 1/1/07 Additions Retirements 12/31/07 Furniture & Equipment $ 45,202 $ 1,557 $ 6,893 $ 39,866 Less: Accumulated Depreciation ( 31,879) ( 409). ( 6,893) ( 25,395) Capital Assets, Net $ 13,323 $ 1,148 $ 0 $ 14,471 Depreciation expense of $409 was incurred during the year. 11 HOUSING AUTHORITY OF WELD COUNTY Greeley, Colorado NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2007 (Continued) NOTE. F - Notes Receivable: Notes Receivable at December 31, 2007 consist of the following: Fort Lupton Housing Partners Catholic Charities and Community Services Catholic Charities and Community Services Weld County Farm Labor $ 300,000 253,797 86,591 90,000 Long term notes $ 730,388 The Fort Lupton Housing Partners note has a 3% interest rate based upon the cash flow. The original amount of the note is $300,000. The Catholic Charities notes have a 3% interest rate. The first note had an original date of February 11, 1999 with an original balance of $300,000 and a final due date of February 1, 2033. The second note had an original date of October 10, 2001 with an original balance of $100,000. The final due date is August 1, 2024. The Weld County Farm Labor note had an original balance of $100,000 and has 0% interest. NOTE G - Accounts Payable: Accounts payable at December 31, 2007, consist of the following: Vendors' accounts payable NOTE H - Accrued Liabilities: $ 53,823 Accrued liabilities at December 31, 2007, consist of the following: Accrued wages/payroll taxes - $ 1,522 Accrued compensated absences 9,352 Total $ 10,874 NOTE I - Deferred Revenue: Deferred Revenue at December 31, 2007, consist of the following: Prepaid grant revenue NOTE J - Other Noncurrent Liabilities: $ 9,069 Other noncurrent liabilities at December 31, 2007, consist of the following 1/01/07 Additions Deletions 12/31/0' Noncurrent portion of accrued compensated absences $ 0 $ 24,672 $ 0 $ 24,67. 12 HOUSING AUTHORITY OF WELD COUNTY Greeley, Colorado NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2007 (Continued) NOTE K Federal Operating Grants: HUD contributed the following operating subsidies approved in the operating budgets under the Annual Contributions Contracts: Housing Choice Vouchers Emergency Shelter Grants Program Total NOTE L - Commitments and Contingencies: $, 3,042,224 125,592 $ 3,167,816 Litigation: At December 31, 2007, the Authority was not involved in any threatened litigation. Examinations: The Authority is subject to possible examinations made by federal and state authorities who determine compliance with terms, conditions, laws, and regulations governing other grants given to the Authority in the current and prior years. There was one examination during the year ended December 31, 2007. Grant Disallowances: Amounts received or receivable from HUD are subject to audit and adjustment by HUD. Any disallowed claims, including amounts already collected, may constitute a liability of the Authority. The amounts, if any, of expenditures which may be disallowed by the grantor cannot be determined at this time although the Authority expects such amounts, if any, to be immaterial. NOTE M - Pension Plan: The Authority provides pension benefits for all its full-time employees through an Individual Retirement Account (IRA SEP). The account is administered by Mutual of America. The Housing Authority Board is authorized to establish or amend the benefits. Benefits depend solely on amounts contributed to the account plus investment earnings. Employees are eligible to participate from the date of employment. The Authority contributes an amount equal to 3% of the employee's base salary each month. The Employees are eligible to participate in the Pension Plan upon the first pay period. The Authority's contributions for each employee (and interest allocated to the employee's account) are fully vested immediately. The Authority's total payroll in fiscal year 2007 was $118,163. The Authority made the required contributions, amounting to $3,144 from the' Authority and $5,085 from the employees. The Authority's total payroll in 2006 was $113,572 and the Authority contributed $3,176. The Authority's total payroll in 2005 was $137,347 and the Authority contributed $3,461. 13 HOUSING AUTHORITY OF WELD COUNTY Greeley, Colorado NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2007 (Continued) NOTE N - Risk Management: The Authority is exposed to various risks of losses related to torts; theft of, damage to and destruction of assets; errors and omissions; injuries to employees; and natural disasters. The Authority carries commercial insurance coverage for these risks to the extent deemed prudent by Authority management, which includes public officials, tenant discrimination, workman's compensation, flood, property, and auto insurance. Settled claims have not exceeded this commercial coverage in any of the past 3 years. NOTE O - Economic Dependency: The Authority receives approximately 99% of its revenues from HUD. If the amount of revenues received from HUD falls below critical levels, the authority's operations could be adversely affected. NOTE P - Contingencies - Taxpayer's Bill of Rights: In November, 1992, the voters of the State of Colorado approved an amendment to the states constitution limiting the amount of revenue which may be spent or retained by Colorado governmental entities. The amendment is in effect for most governmental entities for the years beginning after 1992, but exempts "enterprise" funds and activities from the limitations. The Board of Commissioners of the Authority believes it is exempt from the provisions of the Taxpayer's Bill of Rights because it is an "enterprise" (a business operation able to issue its own revenue bonds and receiving less than 10% of its revenues from state and local grants) as defined in the constitutional amendment. The board also believes it is not subject to the provisions of TABOR because the governing board is not an elected board, does not have an electoral constituency, and does not have the power to impose taxes which are all the basic operational requirements of TABOR. However, many provisions of the TABOR Amendment are complex and subject to further interpretation and will require judicial interpretation. NOTE Q - Related Party: The Authority is a part of a consortium with the Housing Authority of the City of Greeley. The Authority allocates the appropriate expenses to these entities and recovers regular reimbursement for services rendered. 14 I II II AI I I I I I I I I I I I I I SUPPLEMENTAL FINANCIAL INFORMATION WELD COUNTY HOUSING AUTHORITY Greeley, Colorado COMBINING SCHEDULE OF PROGRAM NET ASSETS DECEMBER 31, 2007 CO090 Housing Emergency Choice Shelter Vouchers Grant ASSETS Current Assets Cash and cash equivalents Restricted Cash and cash equivalents Accounts receivable, net Prepaid expenses Total Current Assets Noncurrent Assets Mortgages receivable Total Noncurrent Assets Capital Assets Depreciable capital assets, net Total Capital Assets TOTAL ASSETS LIABILITIES Current liabilities Accounts payable Accrued liabilities Payable from restricted cash and and cash equivalents: Family self sufficiency escrow Deferred revenue Total Current liabilities Noncurrent Liabilities Other noncurrent liabilities Total Noncurrent Liabilities Total Liabilities NET ASSETS Invested in capital assets Restricted net assets Unrestricted net assets Total Net Assets $ 235,104 $ 41,804 580,164 0 91,004 0 1,800 0 908,072 41,804 90,000 0 90,000 0 14,471 0 14,471 0 1,012,543 41,804 21,088 10,874 32, 735 0 38,301 0 0 9,069 70,263 41,804 24,672 0 24,672 0 94,935 41,804 14,471 0 541,863 0 361,274 0 $ 917,608 $ 0 15 Business Activities Total $ 957,112 $ 1,234,020 O 580,164 O 91,004 O 1,800 957,112 1,906,988 640,388 730,388 640,388 730,388 0 14,471 O 14,471 1,597,500 2,651,847 0 0 53,823 10,874 O 38,301 O 9,069 O 112,067 O 24,672 O 24,672 O 136,739 O 14,471 O 541,863 1,597,500 1,958,774 $ 1,597,500 $ 2,515,108 WELD COUNTY HOUSING AUTHORITY Greeley, Colorado COMBINING SCHEDULE OF PROGRAM REVENUES EXPENSES AND CHANGES IN NET ASSETS FOR THE YEAR ENDED DECEMBER 31, 2007 OPERATING REVENUES Other income TOTAL OPERATING REVENUE OPERATING EXPENSES Administrative Tenant services Utilities Ordinary maintenance and operation General expense Housing assistance payments Depreciation expense TOTAL OPERATING EXPENSES OPERATING INCOME (LOSS) NONOPERATING REVENUES (EXPENSES) Federal operating grants Interest income TOTAL NONOPERATING REVENUES CHANGE IN NET ASSETS TOTAL NET ASSETS - BEGINNING OF YEAR TOTAL NET ASSETS - END OF YEAR 16 CO090 Housing Emergency Choice Shelter Business Vouchers Grant Activities S 3,624 $ 0 $ 12,928 3,624 0 12,928 230,959 125,614 5,603 0 0 0 0 0 0 0 0 2,500 2,863 0 0 2,400,647 0 0 409 0 0 2,634,878 (2,631,254) 125,614 6,103 (125,614) 4,825 3,042,224 125,592 0 564 22 11,720 3,042,788 411,534 506, 074 917,608 $ 125,614 11,720 0 16,545 0 1,580,955 0 $ 1597,500 WELD COUNTY HOUSING AUTHORIT] Greeley, Colorado COMBINING SCHEDULE OF PROGRAM REVENUES EXPENSES AND CHANGES IN NET ASSETS FOR THE YEAR ENDED DECEMBER 31, 2007 OPERATING REVENUES Other income TOTAL OPERATING REVENUE OPERATING EXPENSES Administrative Tenant services Utilities Ordinary maintenance and operation General expense Housing assistance payments Depreciation expense TOTAL OPERATING EXPENSES CO090 Housing Emergency Choice Shelter Business Vouchers Grant Activities S 3,624 $ 0 $ 12,928 3,624 0 12,928 230,959 125,614 5,603 0 0 0 0 0 0 2,863 0 2,400,647 0 409 0 2,634,878 OPERATING INCOME (LOSS) (2,631,254) NONOPERATING REVENUES (EXPENSES) Federal operating grants Interest income TOTAL NONOPERATING REVENUES CHANGE IN NET ASSETS TOTAL NET ASSETS - BEGINNING OF YEAR TOTAL NET ASSETS - END OF YEAR 16 0 0 2,500 0 0 0 125,614 8,103 (125,614) 4,825 3,042,224 125,592 0 564. 22 11,720 3,042,788 125,614 11,720 411,534 0 16,545 506,074 0 1,580,955 $ 917,608 $ 0 $ 1,597,500 Total S 16,552 16,552 362,176 0 0 2,500 2,863 2,400,647 409 2,768,595 (2,752,043) 3,167,816 12,306 3,180,122 428,079 2,087,029 $ 2,515,108 rinancial Assessment Suhcvstem - FDS Page 1 of 2 PHA: CO090 FYED: 12/31/2007 Line Item No. Account Description Business Activities Emergency Shelter Grants Program Housing Choice Vouchers Total 111 Cash -Unrestricted $957,112 $41,804 $235,104 $ 113 Cash -Other Restricted $0 $0 $580,164 $580,560,116464 100 Total Cash 8957,112 $41,804 $815,268 $1,814,184 122Accounts Receivable - HUD Other Projects $0 $0 $666 $666 125 Accounts Receivable - Miscellaneous $0 $0 $90,338 $90,338 126-2 Allowance for Doubtful Accounts - Other $p 50 80 $0 128 Fraud Recovery $0 $0 $47,683 $47,683 128.1 Allowance for Doubtful Accounts - Fraud $0 $0 $-47,683 683 $1, 120 Total Receivables, net of allowances for doubtful accounts $0 80 $91,004 -4 04 $991 004 142 Prepaid Expenses and Other Assets $0 $0 $1,800 $1,800 150 Total Current Assets $957,112 $41,804 $908,072 $1,906,988 164 Furniture, Equipment 8 Machinery - Administration $0 $0 $39,866 $39,866 166 Accumulated Depreciation $0 $0 5-25,395 5-25,395 160 Total Fixed Assets, Net of Accumulated Depreciation $0 $0 $14,471 $14,471 171 Notes, Loans, 8 Mortgages Receivable - Non Current $640,388 $0 $90,000 $730,388 180 Total Non -Current Assets $640,388 $0 $104,471 $744,859 190 Total Assets $1,597,500 $41,804 $1,012,543 $2,651,847 312 Accounts Payable <= 90 Days $0 $32,735 $21,088 $53,823 321 Accrued Wage/Payroll Taxes Payable $0 $0 $1,522 $1,522 322 Accrued Compensated Absences - Current Portion $0 $0 $9,352 $9,352 342 Deferred Revenues $9,069 $0 $9,069 345 Other Current Liabilities `$0 $0 $0 $38,301 $38,301 310 Total Current Liabilities $0 x$41,804 $70,263 $112,067 354 Accrued Compensated Absences - Non Current $0 $0 $24,672 350 Total Noncurrent Liabilities �$0 (624,672 $24,672 $24,672 300 Total Liabilities `$0 $0 $41,804 $94,935 $136,739 508 Total Contributed Capital $0 80 $0 /$0 508.1 Invested in Capital Assets, Net of Related Debt $0 $0 $14,471 $14,471 511 - Total Reserved Fund Balance $0 $0 $0 $0 511.1 Restricted Net Assets $0 f $541,863 5541,863 512.1 Unrestricted Net Assets $1,597,500 $0 $361,274 $1,958,774 513 Total Equity/Net Assets $1,597,500 $0 $917,608 $2,515,108 600 Total Liabilities and Equity/Net Assets $1,597,500 $41,804 51,012,543 $2,651,847 705 Total Tenant Revenue $0 $0 $0 $0 706 HUD PHA Operating Grants $0$125,592 $3,042,224 $3,167,816 711 investment Income - Unrestricted X511,720 $22 $564 $12,306 715 Other Revenue $12,928 $0 $3,624 $16,552 700 Total Revenue $24,648 $125,614 $3,046,412 $3,196,674 911 Administrative Salaries $0 $0 $118,163 $118,163 912 Auditing Fees $0 $0 $5,484 $5,484 914 Compensated Absences $0 $0 $3,336 $3 915 Employee Benefit Contributions -Administrative $0 $0 $33,116 $203,16 916 Other Operating - Administrative $5,603 $125,614 $70,860 06 $202,077 961 Insurance Premiums $0 $0 $2,863 $2,863 969 Total Operating Expenses $5,603 \125,614 $233,622 $365,039 970 Excess Operating Revenue over Operating Expenses $19,045 \0 $2,812,590 $2,831,635 971 Extraordinary Maintenance $2,500 $0 $0 $2,400 973 Housing Assistance Payments $0 $0 $2,400,647 $2,400,647 https://hudapps.hud.gov/IiUD_Systems/faspha/react_PrintFDS.cfm?dateCreated=700R%7 d/1cnnnc Financial Assessment Subsyste FDS Page 2 of 2 II Il r I I I 974 900 1010 1000 1102 1103 1120 1121 1117 1118 Housing Assistance Payments Equity Depreciation Expense Total Expenses Total Other Financing Sources (Uses) Excess (Deficiency) of Total Revenue Over (Under) Total Expenses Debt Principal Payments - Enterprise Funds Beginning Equity Unit Months Available Number of Unit Months Leased Administrative Fee Equity $0 $0 $8,103 $0 $16,545 $0 $1,580,955 0 0 $0 $0 $125,614 $0 $0 $0 $0 0 0 $0 $0 $409 $409 $2,634,878 $0 $411,534 $0 $506,074 5,124 5,053 $375,745 $541,863 $2,768,595 $0 $428,079 $0 $2,087,029 5,124 5,053 $375,745 $541,863 Report Generated: 04/152008 07:28:36 Date Submission Created: 04/02/2008 I Top of Page https://hudaDos.hud.eov/HtID Cvc1Prnric.,....t__r____. CO -090 Section 8 Housing Choice Voucher Program TOTAL FEDERAL FINANCIAL ASSISTANCE HOUSING AUTHORITY OF WELD COUNTY Greeley, Colorado SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS FOR THE YEAR ENDED DECEMBER 31, 2007 ANNUAL PROGRAM CONTRIBUTION AND CT CFDA CONTRA ASSISTANCE TYPE NUMBER U. S. DEPARTMENT OF HUD AWARD EXPENDITURES Emergency Shelter Grants Program 1.4.231. $ 125,592 $ 125,592 14.871 3,042,224 3,042,224 $3,167,816 $3,167,816 Notes to Schedule of E nditures of Federal Awards Note 1 - The Schedule of Expenditures of Federal Awards is presented on the accrual basis of accounting as described in Note A. 19 OTHER REPORTS JertS Ads Certified Public Accountant 8518 S Kays Chapel Road Fredericksburg, Indiana 47120 REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING ON COMPLIANCE AND ON OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS Board of Commissioners Housing Authority of Weld County 903 6th Street Greeley, CO 80631 I have audited the financial statements of the Housing Authority of Weld County ("the Authority"), as of and for the year ended December 31, 2007 and have issued my report thereon dated April 3, 2008. I conducted my audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Internal Control Over Financial Reporting In planning and performing my audit, I considered the Authority's internal control over financial reporting as a basis for designing my auditing procedures for the purpose of expressing my opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Authority's internal control over financial reporting. Accordingly, I do not express an opinion on the effectiveness of the Authority's internal control over financial reporting. A control deficiency exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A significant deficiency is a control deficiency, or combination of control deficiencies, that adversely affects the Authority's ability to initiate, authorize, record, process, or report financial data reliably in accordance with generally accepted accounting principles such that there is more than a remote likelihood that a misstatement of the Authority's financial statements that is more than inconsequential will not be prevented or detected by the Authority's internal control. A material weakness is a significant deficiency,' or combination of significant deficiencies, that results in more than a remote likelihood that a material misstatement of the financial statements will not be prevented or detected by the Authority's internal control. My consideration of the internal control over financial reporting was for the limited purpose described in the first paragraph of this section and would not necessarily identify all deficiencies in the internal control that might be significant deficiencies or material weaknesses. I did not identify any deficiencies in internal control over financial reporting that I consider to be material weaknesses, asdefined above. Compliance and Other Matters As part of obtaining reasonable assurance about whether the Housing Authority of Weld Countys financial statements are free of material misstatement, I performed tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. I noted certain matters that I reported to the management of the Housing Authority of Weld County in a separate letter dated April 3, 2008. This report is intended solely for the information and use of the Authority's management and the Department of Housing and Urban Development and is not intended to be and should not be used by anyone other than these specified parties. Fredericksburg, Indiana April 3, 2008 Certified —Public Accountant 20 JaycS idu�is Certified Public Accountant 8518 S Kays Chapel Road Fredericksburg, Indiana 47120 REPORT ON COMPLIANCE. WITH REQUIREMENTS APPLICABLE TO EACH MAJOR PROGRAM AND INTERNAL CONTROL OVER COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133 Board of Commissioners Housing Authority of Weld County 903 6th Street Greeley, CO 80631 Compliance I have audited the compliance of the Housing requirements described in the U.S. Office of Supplement that are applicable to each of its 2007. The Housing Authority of Weld County's auditor's results section of the accompanying with the requirements of laws, regulations, federal programs is the responsibility of th responsibility is to express an opinion on the audit. Authority of Weld County with the types of compliance Management and Budget (OMB) Circular A-133 Compliance major federal programs for the year ended December 31, major federal programs are identified in the summary of Schedule of Findings and Questioned Costs. Compliance contracts and grants applicable to each of its major e Housing Authority of Weld County's management. My Housing Authority of Weld County's compliance based on my I conducted my audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and OMB Circular A-133, Audits of States, Local Governments, and Non -Profit Organizations. Those standards and OMB Circular A-133 require that I plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about the Housing Authority of Weld County's compliance with those requirements and performing such other procedures as I considered necessary in the circumstances. I believe that my audit provides a reasonable basis for my opinion. My audit does not provide a legal determination on the Housing Authority of Weld County's compliance with those requirements. In my opinion, Housing Authority of Weld County complied, in all material respects, with the requirements referred to above that are applicable to each of its major federal programs for the year ended December 31, 2007. However, the results of my auditing procedures disclosed an instance of noncompliance with those requirements, which is required to be reported in accordance with OMB Circular A-133 and which is described in the accompanying schedule of findings and questioned costs as item 2007-01. Internal Control Over Compliance The management of the Housing Authority of Weld County is responsible for establishing and maintaining effective internal control over compliance with requirements of laws, regulations, contracts and grants applicable to federal programs. In planning and performing my audit, I considered the Housing Authority of Weld County's internal control over compliance with requirements that could have a direct and material effect on a major federal program in order to determine my auditing procedures for the purpose of expressing my opinion on compliance but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, I do not express an opinion on the effectiveness of the Authority's internal control over compliance. My consideration of internal control over compliance was for the limited purpose described in the preceding paragraph and would not necessarily identify all deficiencies in the Authority's internal control that might be significant deficiencies or material weaknesses as defined below. However, as discussed below, I identified a certain significant deficiency in internal control over compliance that I consider to be a significant deficiency. 21 A control deficiency in entity's internal control over compliance exists when the design operation of a control does not allow management or employees, in the normal course of performing the assigned functions, to prevent or detect noncompliance with a type of compliance requirement of federal program on a timely basis. A significant deficiency is a control deficiency, or a combinati, of control deficiencies, that adversely affects the entity's ability to administer a federal progr, such that there is more than a remote likelihood that noncompliance with a type of complian requirement of a federal program that is more than inconsequential will not be prevented or detected the entity's internal control. I consider the deficiency in internal control over compliance describ in the accompanying schedule of findings and questioned costs as item 2007-01 to be a significa deficiency. A material weakness is a significant results in more than a remote like] requirement of a federal program will However, I do not consider the signifi weakness. deficiency, or combination of significant deficiencies, th ihood that material noncompliance with a type of complian not be prevented or detected by the entity's internal contro cant deficiency described above as item 2007-01 to be a materi. The Housing Authority of Weld County's response to the findings identified in my audit is described the accompanying schedule of findings and questioned costs. I did not audit Housing Authority of We County's response and, accordingly, I express no opinion on it. This report is intended solely for the information and use of the Authority's management and t Department of Housing and Urban Development and is not intencecto be and should not be used by anye other than these specified parties. Fredericksburg, Indiana April 3, 2008 tified Public Accoun ant 22 HOUSING AUTHORITY OF WELD COUNTY Greeley, Colorado DECEMBER 31, 2007 SCHEDULE OF FINDINGS AND QUESTIONED COSTS SECTION I - SUMMARY OF AUDITOR'S RESULTS FINANCIAL STATEMENTS Type of auditor's report issued: Unqualified Internal control over financial reporting: Material weakness(es) identified? Significant deficiencies identified that are not considered to be material weaknesses? Noncompliance material to financial statements noted? FEDERAL AWARDS Yes X no Yes X none reported Yes X no Internal control over major programs: - Material weakness(es) identified? yes X no - Significant deficiencies identified that are not considered to be material weakness(es)? X yes none reported Type of auditor's report issued on compliance for major programs: Qualified Any audit findings disclosed that are required to be reported in accordance with section 510(a) of Circular A-133? X yes no Identification of major. programs: CFDA Number 14.871 Name of Federal Program Housing Choice Vouchers Dollar threshold used to distinguish between type A and type B programs: $ 300,000 Auditee qualified as low -risk auditee? X yes no SECTION II - FINANCIAL STATEMENT FINDINGS There were no Financial Statement findings. SECTION III - FEDERAL AWARD FINDINGS AND QUESTIONED COSTS Finding 2007-01 is a federal award finding. 23 HOUSING AUTHORITY OF WELD COUNTi Greeley, Colorado DECEMBER 31, 2007 PRIOR YEAR FINDINGS There were no prior year findings. CURRENT YEAR FINDINGS 2007-01 CONDITION: RESDIENT FILES In a sample of 20 resident files the following exceptions were noted: 1. 1 -No income verification 2. 1 -No social security card verification 3. 1 -No utility allowance verification 4. 1 -No rent calculation 5. 1 -No 50058 6. 1 -No 9886 7. 1 -No current inspection 8. 2 -No current lease 9. 1 -No rent reasonableness 10. 11 -No LBP notices 11. 1 -No Sect 214 citizenship verification CFDA R: 14.871 CRITERIA: HUD rules and regulations requires specific documentation to be present in the resident files. CAUSE/EFFECT: There was not a procedure in place to require lead base paint notices in the resident files. The Authority is not checking for current leases at each annual re -exam. RECOMMENDATION: Ensure that all required documentation is present in the resident files. REPLY: 1. Nine of the eleven problems cited in the file check were due to a file for a tenant who had terminated during 2007 not being located in the file storage area. To prevent this all files of former tenants will be held in file cabinets in the current file area and boxed and transferred in mass to the file storage area upon completion of the audit for the given year. Care will be maintained to annotate all storages boxes to allow for retrieval of records. 2. Lead Based Paint: staff has been instructed of the requirement to have a Lead Based Paint Certificate for all units built prior to 1978. To facilitate this: the Housing Authority will provide a 3 part lead based Paint disclosure form with the request for lease approval. For existing tenants living in pre 1978 units we will request execution of the form at recertification. 24 HOUSING AUTHORITY OF WELD COUNTY Greeley, Colorado DECEMBER 31, 2007 CURRENT YEAR FINDINGS (continued) 2007-01 CONDITION: RESDIENT FILES (continued) REPLY: 3. Current Leases: Staff have been instructed to monitor expiration of lease term and required either a new lease or a lease extension for those leases that do not automatically revert to month to month upon expiration of initial term. 25 W-9 (Attached as a separate document in this packet) 22 Substitute Form W-9 REQUEST FOR TAXPAYER IDENTIFICATION NUMBER (TIN) VERIFICATION State of Colorado Do NOT send to IRS PRINT OR TYPE Legal Name (OWNER OF THE EIN OR SSN AS NAME APPEARS ON IRS OR SOCIAL SECURITY ADMIMSTRATION RECORDS) DO NOT ENTER THE BUSINESS NAME OF A SOLE PROPIETORS HIP ON THIS LINE - Sec Reverse for Important Information Housing Authority of Weld County Trade Name — complete only if doing business as (D/B/A) Weld County Housing Authority Remit Address P.O. Box 130 Greeley, CO 80632 RETURN TO ADDRESS BELOW Purchase Order Address -- Optional PART II See Part II Instructions on Back of Form Check legal entity type and eater 9 digit Taxpayer Identification Number (TIN) below: (SSN = Social Security Number EIN = Employer Identification Number) ri Individual (Individual's SSN) NOTE: If no name is circle on a Joint Account Edam there is mac that one nane, the number will be considered to be that of the first name listed riSole Proprietorship (Owner's SSN or Business EIN) Note: Enter both the owner's SSN and the business EIN (if you are required to have one) Do Not enter an SSN or EIN that was not assigned to the legal name entered above SSN EIN n Partnership O General ❑ Limited (Partnership'S EN) n Estate/Trust (Legal Entity's EIN) NOTE. Do not furnish the idmtifice on number of the personal representative or trustee unless the legal entity itself is not designated in the account titleList and circle the name of theiegal trust state, or pension trust n Other > Limited Liability Company, Joint Venture, Club, etc. (Entity's EIN) nCorporation Do yr-u provide medical services? ❑ Yes❑ No (Corp's EIN) Includes corporations providing medical billing services n Government (or Government Operated) Entity (Entity's EN) 84 -- 1568446 nOrganization Exempt from Tax under Section 501(a) (Org's EIN) Do you provide medical services? O Yes O No -- nCheck Here if you do not have a SSN or EIN, but have applied for one. See reverse for information on How to Obtain A TIN Licensed Real Estate Broker? O Yes ❑ No Under Penalties of Perjury, I certify that: (I) The number listed on this form is my correct Taxpayer Identification Number (or I am waiting for a number to be issued to me) AND (2) I am not subject to backup withholding because: (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal Revenue Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that lam no longer subject to backup withholding (does not apply to real estate transactions, mortgage interest paid, the acquisition or abandonment of secure property, contribution to an individual retirement arrangement (IRA), and payment other than interest and dividends). CERTIFICATION INSTRUCTIONS -- You must cross out item (2) above if you have been notified by the IRS that you are currently subject to backup withholding because of under reporting interest or dividends on your tax return. (See Signing the Certification on the reverse of this form.) THE INTERNAL REVENUE SERVICE DOES NOT REQUIRE YOUR CONSENT TO ANY PROVISION OF THIS DOCUMENT OTHER THAN THE CERTIFICATIONS REQUIRED TO AVOID BACKUP WITHHOLDING. NAME (Print or Type) Thomas Teixeira AUTHORIZED SIGNATU DO NOT WREPE BELOW THIS LINE TITLE (Prim or Type) Executive Director DATE 3/31/09 PHONE( 970 ) 3537437 RETURN BOTH COPIES TO ADDRESS ABOVE Agency 1099: Yes No VENDOR: Addition Change 615-82-50-7093 (R 4/97) AGENCY USE ONLY Approved by Date Action Completed by Date Hello