Laserfiche WebLink
<br />HRA DISCUSSION <br />Date: 06-21-05 <br />Item No: 8.a. <br />Director Approval: Agenda Section: <br /> CB Discussion <br />di <br />Item Description: Budget Discussion <br />Budget Process: <br />1.0 <br />June– Review & Amend Housing Plan <br />1.1: Each year the HRA needs to review and update <br />(general and restricted) <br />its housing plan (attached) to help in the preparation of a budget . <br />This helps to provide information to determine if additional levy funds are needed to carry <br />out its goals and action steps. The housing plan as attached should be reviewed and <br />amended to at least include the policy statements and action steps approved as part of the <br />multifamily housing study as well as the action steps associated with the Neighborhood <br />meeting report. <br />JulyPresent Draft Budget <br />1.2 – : Based upon the review and suggested amendments to the <br />Housing Plan, a draft 2006 budget will be prepared and presented for HRA review and <br />discussion. <br />August – Hold Public Hearing\Adopt Preliminary Budget\Levy Request: <br />1.3 The HRA <br />should hold a public hearing in August to gain pubic comment on a proposed 2006 <br />budget. Upon closure of the public hearing the HRA will adopt a preliminary budget and <br />pass a resolution for a levy request (if necessary) to be forwarded to the City Council. If <br />a levy is requested, the resolution and preliminary budget must be presented to the City <br />Council on August 22, 2005. <br />September <br />1.4 – The City Council is required to submit any levies to the County in September. <br />October, November, December <br />1.5 – Refinement of budget and final recommended budget and <br />levy request (if necessary). The final levy information is required to be submitted to the <br />County by the end of December for taxes payable in 2006. <br />2.0HRA Finance Subcommittee <br />2.1The HRA finance subcommittee met and discussed several possible budget actions for <br />2005-06. These suggestions were in response to the neighborhood meetings as well as <br />trying to focus the programming to be more effective. Two suggestions include the <br />following to be funded out of the 2005 program dollars. <br />a.Create a Single Family Rehab Loan specifically for Families with Children <br />b.Apply funds to GMHC for a Roseville specific linkage program building upon the <br />existing Senior Housing Regeneration Program. <br /> HRA Budget Discussion - Page 1 of 2 <br /> <br />