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EXHIBIT A <br /> Administrative Budget <br /> A maximum of ten percent ( 10 ) of the annual local distribution to the Indian <br /> River County Local Housing Assistance Trust Fund ( IRCLHATF ) may be expended to <br /> provide for the costs of administering and implementing the IRCLHAProgram . The <br /> Board of County Commissioners has made a finding by separate resolution that <br /> expenditures for administration and implementation of the IRCLHAProgram may <br /> exceed five percent ( 5 $ ) of the IRCLHATF annual balance ; however , at no time <br /> shall the funds expended for administration and implementation of the <br /> IRCLHAProgram exceed ten percent ( 10 % ) of the local distribution for that fiscal <br /> year . <br /> Besides the state annual allocation , the SHIP program trust fund receives other <br /> income from sources such as loans that are paid back and interest earned on the <br /> funds deposited into the affordable housing trust fund . These funds are referred <br /> to as program income . According to state rules , five percent ( 5 % ) of the program <br /> funds may be used for administration expenditures . <br /> Expenditures of funds from the IRCLHATF shall be monitored on a regular basis for <br /> compliance with the expenditure limitation established by the Board of County <br /> Commissioners . <br /> Administration and implementation activities of the IRCLHAProgram , which may be <br /> funded with SHIP funds , shall be limited to those items associated with <br /> conducting the administration and implementation activities listed in this Plan . <br /> Examples of the items , which may be funded , include the following : <br /> a . Staff salaries to conduct the administration and implementation activities <br /> b . Purchase of office supplies and materials to produce materials and <br /> documents required for the program <br /> C . Costs for publications and ads to promote the IRCLHAProgram <br /> d . Travel expenditures related to conducting and operating the IRCLHAProgram <br /> e . Expenses for contract services rendered for information or administration <br /> and implementation activities provided by third parties for the <br /> IRCLHAProgram <br /> I . Studies conducted by the local government or by consultants selected by <br /> the local government to provide data on affordable housing need and demand <br /> in the county . <br /> Estimated budgetary expenditures for conducting the administrative activities are <br /> identified below : <br /> Item Fiscal Year 2006 - 2007 <br /> Salaries and Fringe Benefits $ 107 , 030 . 00 - - <br /> Office Expenses 20 , 000 . 00 <br /> Travel 51000 . 00 <br /> Advertising and Outreach 31000 . 00 <br /> Total $ 135 , 030 . 00 <br /> Item Fiscal Year 2007 - 2008 <br /> Salaries and Fringe Benefits $ 107 , 030 . 00 <br /> Office Expenses 20 , 000 . 00 <br /> Travel 50000 . 00 <br /> Advertising and Outreach 31000 . 00 <br /> Total $ 135 , 030 . 00 <br /> Item Fiscal Year 2008 - 2009 <br /> Salaries and Fringe Benefits $ 107 , 030 . 00 <br /> Office Expenses 20 , 000 . 00 <br /> Travel 51000 . 00 <br /> Advertising and Outreach 31000 . 00 <br /> Total $ 135 , 030 . 00 <br /> 51 <br />