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HomeMy WebLinkAbout2020.01.16 - Minutes, Housing Authority R:Administrative/Board Meeting Minutes/2020 Board Meeting Minutes January 16, 2020 Chairman – Nicholas V. Hill, Sr. Members Present Members Absent (Unexcused) Staff Present Nicholas V. Hill, Sr. Ayodeji Badaki Corinne Guglielmini David Pool Keith McMunn Bill Beard Marlene Benson Ronnie Brezler Stan Steele Tasha Walls Wayne Keefer 1. The Regular meeting was called to order by Chair Nicholas V. Hill, Sr. at 12:03 pm. 2. There were no public comments noted. 3. A motion to approve the December 2019 minutes was made by Mr. Pool and it was seconded by Mr. Beard. Motion passed. 4. Work Force Housing – Discussion held regarding a recent article in the Herald Mail newspaper. Unlike other counties in Maryland, Washington County does not have a sources of income law for landlords. 5. Election of Officers as listed: Office Current Incumbent 2020 Officer Elected Chair Nicholas V. Hill, Sr. Nicholas V. Hill, Sr. Vice Chair Stan Steele Stan Steele Second Vice Chair David Pool David Pool Secretary Treasurer Corinne Guglielmini Corinne Guglielmini Assistant Secretary Treasurer Marlene N. Benson Marlene N. Benson 6. Washington County Housing Solutions election of Officers – same as above. A motion to approve the election of officers was made by Mr. Pool and it was seconded by Mr. Beard. Motion passed. 7. An Executive Committee has been established for the evaluation process for the Executive Director. The Executive Committee consists of: Nicholas v. Hill, Sr., David Pool, Ronnie Brezler and Tasha Walls. 8. Financial Report – Net revenue for the month was over budgeted levels. YTD net revenue is over budget driven by a favorable variance in the HCV Fund. Labor and Benefit expenditures for the month were under budget. The most significant favorable expense variance this month was due to low snow removal services at our locations, except Monterey. Total expenditures in December were favorable to budget while YTD costs are also favorable to budget. At the halfway point of the fiscal year, HAWC has a good chance of achieving our budget goals. In spite of the head winds, we face not being eligible for the energy grants that were budgeted this year. December completes FY2019 for Francis Murphy. Revenue was consistent throughout the year with the only significant variance being the phone system which we budgeted to end in February. Total revenue for the year was over budget. Total expenditures were favorable to budget including maintenance materials/subcontract, labor and property taxes. The favorable variances in both revenue and expense yielded a net income loss for FY2019. The preparation for the internal audit of the Francis Murphy financial statements begin this month. We anticipate no significant changes to the internal statements. Positive cash flow from operations was transferred to reserves for major repairs based on an external Capital Needs Assessment to stay in compliance with DHCD. Motion made to approve the financial report by Mr. Beard and it was seconded by Mr. Brezler. Motion passed. 9. Executive Director Report – We have been informed that we will be receiving a grant from HUD for the FSS program in the amount of $72,000. We also received 15 Mainstream vouchers which will be supported through partner service agencies assisting the disabled, homeless and foster children. We are still working on beefing up the Tanglewood security with cameras, fencing and lights. 10. The meeting adjourned at approximately 1:11 pm. A motion to adjourn the meeting was made by Mr. Brezler and it was seconded by Mr. Pool. Motion passed. 11. Next meeting on Thursday, February 20, 2020 at 12:00 pm.