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FF' - <br />SEP 041990 <br />M. Housing Authority Shortfall - Budget Amendment #072 <br />The Board reviewed the following memo dated 8/29/90: <br />TO: Members of the Board <br />of County Commissioners <br />DATE: August 29, 1990 <br />SUBJECT: HOUSING AUTHORITY SHORT -FALL <br />BUDGET ANUMMNMgT 072 <br />CONSENT AGENDA <br />FROM: Joseph A. Baird <br />OMB Director <br />DESCRIPTION AND CONDITIONS <br />The Finance Department has brought to my attention that the Housing Authority may not <br />have sufficient funds to pay all of their expenditures through September 30, 1990. I have <br />met with Guy Decker to review the revenues and expenses and it seems there will be a <br />short -fall. Grant revenue will be about $8,515.00 less than anticipated and personnel costs <br />will be about $5,980 more than anticipated for a total short -fall of $14,495.00. The <br />personnel cost short -fall is due to the fact that they did not have cost of living raises and <br />increase cost of health insurance included in their budget. <br />In analyzing the situation, we thought that we could transfer $14,495.00 from Rental <br />Assistance to make up the short -fall. <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners approve the attached budget <br />amendment transferring funds from Rental Assistance to the Housing Authority. <br />ON MOTION by Commissioner Scurlock, SECONDED by <br />Commissioner Wheeler, the Board unanimously approved <br />Budget Amendment #072, as recommended by OMB Director <br />Baird. <br />30 <br />