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inspections and general oversight and, as such, there would be no or limited services available to residents as compared to the present arrangement. Currently, services provided by the social services coordinator include: • Links residents with services in the community to enhance their ability to "age in place" • Assists residents with communication to and from health care providers, benefit providers, etc. • Works with families to ensure successful transition to Kottinger Place, problem solving during residency, and assistance in placing a resident who needs a higher level of care • Interacts on behalf of residents with In Home Supportive Services in order to complete eligibility for in home services • Assists with day-to-day problem solving • Serves as mandated reporter for a variety of forms of elder abuse A reduction of these in-house services would result in tenants relying on social services available in the community at large, such as the Senior Support Program of the Tri-Valley and other agencies. While the current services are beneficial to tenants, they are not critical and have been provided only relatively recently after the project was awarded HUD subsidies. Further, there is no obligation for the development to provide these services since it operates as an independent living facility. As indicated in Attachment 3, the Authority's total cash account is $425,559. Of this amount $218,142 is classified as "reserve accounts." Generally, this is seen as adequate for a development such as Kottinger, and as indicated in Attachment 4, HUD determines that this amount is adequate to offset its reduced operating grant. 2. Retain the Service Coordinator expenses at the anticipated amount of$9,058 and draw down on the existing reserves to meet the total anticipated deficit In reviewing the two alternatives, staff is recommending Alternative 1 as it is important to make every effort to assure that Kottinger Place remains financially self-sufficient. However, as was the case prior to receiving HUD operating grant dollars, this is most likely unattainable based on estimated rental income. Further, while staff does not agree with HUD's position, it is compelled to consider its recommendation to utilize reserves as this may result in a grant increase next year. In the event grant dollars remain at this level in the future, staff will need to consider longer term measures, including requests to utilize City Lower Income Housing Fee revenue to cover future deficits. Staff Recommendation In accordance with Section 2.36.032 of the Municipal Code, the Housing Authority of the City of Pleasanton Board of Directors is required to formally adopt the annual Operating Budget. Therefore, staff is recommending that the Housing Authority Board of Commissioners: 1) Adopt the attached draft resolution approving an amended annual Operating Budget for Kottinger Place for fiscal year 2012/13 that includes a reduction of$7,259 from Acct. 4210 and a footnote indicating the Authority authorizes an allocation of $16,999 from the Reserve Accounts if necessary to meet operating expenses; and, 2) Recommend that the Housing Authority Board of Directors approve the Operating Budget at its meeting of June 5, 2012. Page - 4 -