SPECIAL MEETING HOUSING AUTHORITY

Footnotes to the 2008-2009 Budaet for Kottinaer Place ATTACHMENT 2 INCOME 3110 Rent Based on projected income from tenant rents 3610 Operating Interest -Based on interest from operating account 3690 Other Income -Interest from Operating Reserve accounts 3693 Operating Subsidy -estimated grant amount EXPENSES 4110 Administive Salary -Administrator - $5,000 of this salary has been shifted to the Capital funds Program grant administration 4120 Management Fee -Based on $2,000 per month 4170 Audit Fees -estimated amount 4194 Advertising -Cost for personnel advertising as well as closing the waiting list 4210 Service Coordinator - at 5 hours per week plus supervision costs 4310 Water -Annualized with a 5% increase 4320 Electricity -Annualized with a 5% increase 4330 Gas -Annualized with a 5% increase 4390 Sewer -Annualized with a 5% increase 4391 Cable N -Based on new rates as of April through March of 2009 -This is a "pass through" expense with matching income 4410 Maintenance Salaries -based on full time maintenance tech at $14.00/hr. living on-site; an estimated 90% of his salary is covered by the operating budget and 10% through the Capital Fund Program 4432 Exterminating -For insects as well as gophers 4434 Landscape Maintenance -Annualized with a 5% increase 4438 Appliance Repairs -incidental repairs to refrigerators, stoves and air conditioners 4450 Other Maint. Exp. Carpet -carpet cleaning, etc. 4470 Security Supplies -Keys and smoke alarms, etc. 4540 Employee Benefit Contributions -This line has increased significantly due to an increase in health insurance costs 4600 Extraordinary Maintenance This section represents anticipated expenditures from the Capital Fund Program grant. The exact amount of the grant for 2008/2009 is unknown, but is anticipated to be approximately $50,000. 4616 Exterior Replacements Funds have been budgeted in anticipation of installing new exterior lighting due to the antiquated and irreparable state of the current lighting