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TO:Board of County Commissioners DATE: September 21, 1983 FILE: <br />SUBJECT: Indian River County Housing Authority <br />�L <br />FROM: Jeffrey K. Barton, Director EFERENCES: <br />Office of Management & Budge. <br />The following is a breakdown by year of the actual and estimated loan balance on the above: <br />Loan Balance @ 9/30/81 <br />36,199.37 <br />Loan 81-82 FY <br />58,458.98 <br />Loan Balance @ 9/30/82 <br />94,658.35 <br />82-83 FY Budget <br />70,000.00 <br />Sub -total <br />164,658.35 <br />Salary Adjustment <br />(4,176.00) <br />Unexpended Funds <br />(6,232.00) <br />Projected Loan Balance.@ 9/30/83 <br />154,250.35 <br />Projected 83-84 Budget <br />68,652.00 <br />Balance Forward Funds <br />Projected Loan Balance @ 9/30/84 <br />229,134.35 <br />This memo is to show the actual and estimated accumulation by year of the loan balance from <br />the Board of County Commissioners to the Indian River County Housing Authority. For the <br />accounting records, it is necessary to record the loans as expenditures. The purpose of <br />this memo is to provide you with the history of those expenditures with the understanding <br />that if the Indian River County Housing Authority generates any revenues in the future over <br />and above their expenditures, they will reimburse the Board of County Commissioners of Indii <br />River County for these loans. <br />Director Barton noted that the Housing Authority <br />tentative budget should be increased by $6,232 as discussed <br />earlier when reviewing the General Fund. This increase <br />would adjust the Housing Authority budget to $74,884, as <br />listed above. <br />ON MOTION by Commissioner Lyons, SECONDED <br />by Commissioner Bowman, the Board unanimously <br />agreed to increase the Housing Authority Fund <br />by $6,232, bringing it to a total of $74,884. <br />Director Barton reported that at the first public hear - <br />71 <br />SEP 2 1983 BOOK �s <br />