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surplus (ideally) or occasionally a modest deficit that must potentially be covered <br /> through a transfer from project reserves. Should it become necessary to cover a budget <br /> deficit through project reserves (which is not anticipated), staff would bring the matter <br /> back to the Housing Commission for consideration. <br /> Submitted by: Approv by: <br /> Steven Bocian Nelson Fia ho <br /> Assistant City Manager City Manager <br /> Attachments: <br /> 1. Budget Adoption Resolution <br /> 2. Annual Operating Budget for Kottinger Place for FY 2013/14 <br /> 3. Housing Commission Meeting Draft Minutes, June 20, 2013 <br /> Page 3 of 4 <br />