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FUNDING FOR HOUSING AUTHORITY <br />The Board reviewed the following memo dated 7/15/87 <br />TO: THE BOARD OF COUNTY DATE: July 15, 1987 FILE: <br />COMMISSIONERS <br />SUBJECT: Funding for Housing Authority <br />FROM: Ed ry REFERENCES: <br />Finance Director <br />For the 1986-1987 fiscal year, the Board of County Commissioners agreed <br />to transfer $51,025.00 to the Housing Authority to help fund their <br />operating expenditures. The Housing Authority also anticipated receiving <br />two grants, one for $6,295.00 and one for $12,000.00. Total anticipated <br />revenues for the fiscal year are $69,320.00 and total appropriations for <br />the fiscal year are $69,320.00. <br />As of July 15, 1987, the Housing Authority has been notified that they <br />would receive the $6,295.00 grant. The Board has also transferred <br />$50,672.00 of the $51,025 agreed to in the budget workshops. I am not <br />aware if the Housing Authority is going to receive the $12,000.00 grant. <br />If the Housing Authority does not receive the $12,000.00 grant, they will <br />exhaust all of their financial resources either by the end of July or <br />the middle of August, 1987. I would like to know what the Board wants <br />the Clerk to do once the Housing Authority has used all of their financial <br />resources. <br />Commissioner Eggert advised that she will be meeting with <br />the Housing Authority this week and wished to see this matter <br />tabled for one week as she wished to get this amount worked out.. <br />to the penny. <br />ON MOTION by Commissioner Bird, SECONDED by <br />Commissioner Bowman, the Board unanimously <br />tabled the above matter until next week. <br />21 <br />BOOK 66" ['i'AW <br />