SPECIAL MEETING PLEASANTON HOUSING AUTHORITY

ATTACHMENT 3 THE CITY OF Housing Commission Minutes - EXCERPT pL £AS�4NTONo [SUBJECT TO APPROVAL1 City Council Chambers •- 200 Old Bernal Avenue, Pleasanton, CA June 20, 2013 7:00 p.m. PUBLIC HEARINGS AND OTHER MATTERS 6. Approval of Annual Operating Budget for Kottinger Place for Fiscal Year 2013/14 Mr. Erickson reviewed with the Commission the proposed Operating Budgel for fiscal year 2013/14 for Kottinger Place. He advised that this document was prepared by Barcelon Associates and was based on a format recommended by HUD. The Commission was further informed that staff was projecting that the annual operating expenses at Kottinger Place will be $276,227, which represents a decrease of 4.2% over FY 2012/13. This decrease is because of small reductions in administrative and maintenance costs. Mr. Erickson also noted that the Budget for Kottinger Place includes an expected grant from HUD through the Operating Subsidy program and that 60% of revenue will come from tenant rents. Because of some minor utility changes, expenses are expected to be reduced slightly, and a moderate surplus is being forecasted. Chairperson Probert discussed with Mr. Cammer footnotes on the Budget pertaining to Service Coordinator and Heating/Cooling supplies, as well as increases noted in several categories. A motion was made by Commissioner Probert, seconded by Commissioner Lopez, recommending adoption of the draft resolution approving an annual Operating Budget for Kottinger Place for fiscal year 2013/14, and that City Council, acting as the Housing Authority Board of Directors, approve the Operating Budget at its meeting of July 16, 2013. ROLL CALL VOTE: AYES: Commissioners Butler Lopez, Mermelstein, Probed, and Chairperson Casey NOES: None ABSENT: None ABSTAIN: None Housing Commission Minutes June 20, 2013 Page 1