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Request for HRA Action <br />Date: 02-15-11 <br />Item No: 9.d. <br />Director Approval: Agenda Section: <br /> Action <br />Description: Amendment to 2011 RHRA Budget (HF0095) <br />Requested Action: <br />The RHRA should review the amended budget prepared by staff and reviewed by the RHRA <br />Finance Subcommittee and consider approval of the amended 2011 RHRA budget. <br />2011 RHRA Budget Details <br />The RHRA previously adopted a budget at the August 2010 meeting. Staff is bringing an <br />amendment to the budget to reflect the actual carry-over of funds from 2010 (the August budget <br />estimated the amount of the expected carry-over). In addition, staff has programmed costs into <br />the 2011 budget based on the 2011 RHRA Work Plan and organizational restructuring. <br />The August 2010 RHRA Budget showed an estimated carry-over of $55,000. Due to not all of <br />the program funds being expended in 2011, the carry-over is now $83,000. Based on the 2011 <br />RHRA Work Plan, staff has earmarked $35,000 for a first-time homeowners down payment <br />assistance program. New dollars have also been put in the budget to reflect the job <br />reclassification of the Housing Program Coordinator to the Housing Program Manager. <br />Staff Recommendation: <br />Staff recommends that the RHRA Board approves the amended 2011 RHRA Budget. <br />Suggested RHRA Action: <br />Motion to approve the amended 2011 RHRA Budget. <br />Prepared by: Patrick Trudgeon, RHRA Executive Director (651) 792-7071 <br />Attachments: A. Amended 2011 RHRA Budget <br /> 2011 Amended RHRA Budget <br /> <br />