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Home My WebLink About931202.tiff RESOLUTION RE: APPROVE ESTIMATE OF TOTAL REQUIRED ANNUAL CONTRIBUTIONS FOR HUD SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM AND AUTHORIZE CHAIRMAN 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 Estimate of Total Required Annual Contributions for HUD Section 8 Housing Assistance Payments Program by the Weld County Housing Authority, with the terms and conditions being as stated in said estimate, and WHEREAS, after review, the Board deems it advisable to approve said estimate, 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 Estimate of Total Required Annual Contributions for HUD Section 8 Housing Assistance Payments Program presented by the Weld County Housing Authority, be, and hereby is, approved. BE IT FURTHER RESOLVED by the Board that the Chairman be, and hereby is, authorized to sign said estimate. The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following/ vote on the 22nd day of November, A.D. , 1993. ATTEST: /0 ,/ / BOARD OF COUNTY COMMISSIONERS 11/(�// � WELD COUNTY, COLORADO Weld County Clerk to the Board Constance L. H rbert, Chairman / /2 , Deputy Clerk to the Board W. H. Webster, P o-Tem APPROVED AS TO FORM: A,e ,/teorge/X`. Bax County Attortey Ir e K. Ha 1 EXCUSED DATE OF SIGNING (AYE) Barbara J. Kirkmeyer 931202 f"/f/g1.1/ cc.' ; /'i9; 5747-c Estimate of Total U.S. Department ct Housing and Urban Development ' OIN ,,,equir2r'. Annual Sect:on 8 Contributions Housing Assistance Payments Program vote; See nstructicns in appropriate program handbooks. O,MB No. 2502-0348 lexo. '0/31 861 nou,, a Agsncr I Meme and AaaNsl 2. Prelect Me. Weld County Housing Authority ,C 0 9 9iV 0 9 0 0 0 6 -01-i 9.0. Box A 3. Submission Greeley, CO 80632 Original DiTLI Revision No.: , 1 Annual Contnbuuons Contract No. 5. MUD Field Office 5. HUD Regional Office it NO.Dwelling Unn,U. No.Units Months DEN-2392-O25-V Denver, CO Denver, CO 223 ' 2676 1. Noosing Program Type(Mart One'l (a)New Construction ❑ 101 Substantial RNsbllltsibn (e)Moderate Refbilhatlon L ICI Existing Housing Certificates Z. IN Housing Vouehela 10. 'HA Fiscal Tear Ending Dam IMan one and COmDINe year) (a)March 31, r 101 June 30, C ICI Seeteriber 30. xi (d)December 31, 19; PHA Estimate(Mousing Vouchers Only) RNA Estimate MUD Approved(Housing Vouchers Only) HUD Approved I. Maximum Annual Contributions Mousing Payments PNA Fee Total Housing Payments PHA Fee Total lal Ibl Iq ICI (el 1n 11. Maximum Annual Contributions Commitment 991,796 12. Prorate Maximum Annual Contributions Applicable to a -0- Period in Excess of 12 Months 13. Maximum Annual Contributions for Fiscal Year 991,796 (Line 11 plus Line 12) 14. Project Account-Estimated or Actual Balance at Beginning of 1,083,481 Requested Fiscal Year 15. Total Annual Contributions Available-Estimated or Actual 2,075,277 (Line 13 plus Line 14) Project Acct. Balance (92) $1,018,056 Project # ACC Amount Annual Contributions (93) 849,696 006 $31,579 (4 mos C.A.) Less Total Requisitions 784,271 007 55,353 1,083,481 008 99,077 009 70,506 010 106,914 011 272,377 012 35,484 013 183,243 014 142,264 NOTE: This budget includes 4 months of Contract Authority for Project 006 which will expire in 991,796 April, 1994. Expenses associated with Project 006 are included for the fiscal year. This budget will be revised when "renewal" ACC becomes effective. "I certify that no employee is serving in a variety of positions which will exceed 1007, of his/her time" c 931202 Previous Editions Are Cbsolete Page 1 of 2 HUD-52673 (2-85) HB 7420.7 II. Estimate of Required PHA Es!Tnme,Housi y,vouchers only) PHA Estimate HUD aoprov.a IMousle9 vouches.bnl I MUD Approved Annual Contributions ea PHA Fee Toon M.p4ne,.Ymoniss- —PHI .e Total -__ fell let Icl le 16�HUD-5267 .mated ine Housing 837, 180 ei Assistance Payments (Form HUD-52672. Line 15) 17. Estimated Ongoing Administrative 94,290 Fee (Form HUD-52672, line 18) 18. EstimatedHUD-52672. 5267 .Hard-to-House e Fee 270 (Form HUD-52672. Line 19) • 19. EstAccountant Independent Public 1,000 Accountant Audit Costs • Estimated Preliminary Adminis' 20. trative and General Expense 2,375 • (Form HUD-52672, Lines 27 27 and 36) Carryover of Preliminary Admin. 21. istrative and General Expense not Expended in the Previous FY Ending:( / / ) 22. Estimated U -526 , Line Non-Expendable � 'Equipment Expense Expense (Form 4,500 HUD-52672, Line 32)Non-Carryover of Ending: :pen/ /23. Equipment Expipmedt Expense not Expended in the Previous FY Ending: ( / / ) 24. Total Anred ual- Contributions 939 615 RequestedRequired - Fiscal , Year(Lines 16 through 23) 25. Deficit at End of CurrentFiscal Year-Estimated or Actual 28. Total Annual Contributions 939,615 Required (Line 24 24 plus Line 25) Estimated Project Account 27. Balance at End of Requested - 1, 135,662 Fiscal Year(Line 15 minus Line 26) Provision for Project Account- 28. Requested Fiscal Year Increase 521, 181 (decrease)(Line 27 minus Line 14) • III. Annual Contributions Approved • Total Annual Contributions 29. Approved-Requested Fiscal Year(Line 26 plus increase, if 991,796 any, on Line 28) Source of Total Contributions 30. Approved-Requested Fiscal 991,796 Year: (a) Requested Fiscal Year Maximum Annual Contributions Commitment (Line 13 or Line • 29, whichever is smaller) (b) Project Account (Line 29 minus Line 30(a)) Signature,Name and Title of PHA ApprovingOfficial le eia // n,Name and TllTillsof Approving HUD Elsie 011k.Official rand date) , • CC ns'bann L. Harbert, Ch Attes ,7cr✓ 4 ict Clerk to• t}'7 Board By: (7z (wee.-1'7 Page 2 of 2 ///a 931202 • 4 WELD COUNTY HOUSING AUTHORITY PHONE(303)35&1551 P.O. Box GREELEY,COLORADO 80632 ik COLORADO To: Constance L. Harbert, Chairman From: Judy Griego, Director, Department of Social Services 6 Re: HUD Estimates of Required Annual Contributions Date: November 17, 1993 Attached for Board action is Weld County Housing Authority's Section 8 Estimates of Required Contributions for FY 1994 which were discussed at the November 15,th Commissioner Work Session. The Estimates for the Section 8 Voucher program was included in the Work Session Board Packets. The Estimates of Required Contributions incorporate the additional twenty-five Section 8 Vouchers which were approved by HUD in October. The total number of units supported through the Voucher program is 223. The supporting Documentation form provides a breakdown of what we anticipate our expenses to be based on the amount of the Housing Assistance payments anticipated to be paid out. Based on the number of units subsidized each month we determine the amount of the administrative fee earned for the two Section 8 programs. The total anticipated Contributions required for the Voucher program is $939,615. All funds are provided by HUD. We recommend that the Board approve the revised Estimates of Required Contributions for FY 1994, which incorporates the 25 additional Section 8 Vouchers. If you have any questions, please telephone me at 352-1551, Extension 6200. 931202 • Supporting Data for U.S. Department of Reusing Contributions / and Urban Development •Annual Section e -1 r Estimates Housing Assistance Payments Program Note: See instructions in appropriate program handbooks. Of3B No 2502-0348 lexp lOi31/861 I.hrasM Maxima Allenc,(ISM*and Add.no 2.avant Ho. Weld County Housing Authority j C U 9 9 , V0 9 0 p 0 6 —014 P.O. Box A a.Subml.amn Greeley, CO 80632 r I � Original `L Revision No. i 1 • la.No!lying units S.No.of Unit Months 2676 .. ' c Part I Estimate of Annual Housing aMfoom Slag MumM.Of Monthly GNaa Amount Monthly Unit Months , Annu HOna Assistance Pa menu Required el[Welling Do.00g eoFno Pe ay 1 Hauling limn, al uu Am P.ym.m. Y p Units Units Standard Family rand A.a.nan. Lease Gross neat Payments Is) Ie1 IN (4) IN IC IS) 6. 0BA I I 1 7. 1 BR 54 375 I 140 , 235 648 S1 52,280 e.. 2 BR 90 450 _ 14i 105 J080 329.400 _ 9. 3BR • 70 550 175 375 840 315,000 10.1 4BR 9 625 250 375 108 I 40.500 11. 12. I . 13. 14. —`— 15. Total . //%///��/�%%%% • ///%�/�$ 837, 180 Part II Calculation of Estimated Unit Months MUG Pup1.Md 2{a FNduct of Allows,* AdmintalntM.F.. Ongoing Administrative Fee Fair Marko Ram Columns Isla IN Pageant Isi x le -i cm x us .r co 16. 2676 501 1,340,676 7.033 94,290 17. 1e. Taal . %�/////U�/%/��//////////// 94,290 Part ill Calculation of Estimated Hard-to-7 EMlm.tad Number M I Fes Pat Samna Total Herawlaun House Fee(Existing Housing Fos Certificat es Housing 1s.%%/� 6 a x 45 1°I 270 Vouchers Onl 1 •Pan IV Calculation of Estimated . Recunted Amount Preliminary Expense PICA Inhuman i Huss Modifications Administrative Expenses 20. Administrative Salaries 1595 _ 21. Employee Benefit Contributions 1 280 — 22. Legal Expense 23. Travel Expense 500 • 24. Sundry 25. Office Rent 26. Accounting and Auditing Fees 27. Total Administrative Expenses 2,375 Non-Expendable 28. Office Equipment 4,500 Equipment Expenses 29. Office Furnishings .. 30. Automotive 31. Other 32. Total Non-Expendable Equipment Expenses 4,500 General Expenses 33. Maintenance and Operation INon.E,pnd.Equip.omit 34. Insurance 35. Sundry 36. Total General Expense _0_ Total Preliminary 37. Sum of Lines 27, 32, and 36 - . Expenses 6,875 Previous Editions Are Obsolete HUD-52672(2.85) 420.7 GPO. 198 a--67a9,311 ' x! _994 BLENDED RATE BLENDED RATE ADMINISTRATIVE FEE FISCAL UNITS APPLICABLE PRODUCT YEAR RESERVED PERCENT PRE1989 149 6.50% 9.685 POST 89 68 8.20% 5.576 TOTAL 217 15.261 BLENDED RATE 7.033% (TOTAL UNITS / COMBINED RATE) 9312)2 Hello