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<br />Sheri M. stated that the requests are for $78K and the LHA has $15K available. Don stated that <br />he was just explaining how he came up with his numbers and then the board could look at what <br />was important for them over the next several years. <br /> <br />Action: Jay wants staff to go through budget and the requests and come up with a prioritized list <br />of needs for each site. Look at what you can aggregate. Jay wants to see a 5-year plan for <br />maintenance. Part of a 5-year plan is not taking cash flow and put it against a capital plan. Staff <br />will develop a capital plan and present it to the board in the coming months. <br /> <br />Finance Report: Lisa Bane:s <br /> <br />Presented budget review changes. Revenue is untouched. <br /> <br />Expenses: Utility expenses increased by 3% across the board. Maintenance increase by 3%; <br />lawn & landscaping increased; garbage and trash removal (7% increase). Took 2006 annualized <br />amount and increased 7%. <br />Telephone expenses (check old info at work to see what we can do away with) <br /> <br />Acme Place: Projected cash flow of $1 0,426 (possible increase) <br />Admin Budget: Cash Flow of$12,693 <br />Hillside Budget: cash flow of $8,978 (does not include HUD CFP-August) <br />Lilac: cash flow of $2,661 (possible increase) <br />Regal Ct 2: cash flow of $8,009 <br />Regal Square: cash flow $73,239 (can put in yearly for rental increase) <br /> <br />Section 8: balanced budget <br /> <br />Sunnyside: cash flow of $1 ,281 (less reserve requirements) 3 reserves: (replacement, <br />escrowlinsurance and operating reserves because of the type of note) <br />Lydia Morgan: cash flow of $4,780 (possible rental increase )-inc1udes reserve requirements <br />(75K operating reserves-in money market) <br /> <br />Action: Request by Doris F: When was rent changed last at all the properties? What are <br />average rents in the area. Talk to Property Managers to see if we increase rent, how many <br />residents would leave? <br /> <br />Lisa presented Resolution 2006-12: A Resolution Approving 2007 Operating Budgets for <br />Louisville Housing Authority, East Street LLP and Lincoln Street LLP. Motion to approve <br />by Terri Abbott, seconded by Callan Childs and unanimously approved. <br /> <br />Inclusionarv Zonine: for the City of Louisville: Paul Wood <br /> <br />Changes to Sam prior to January 11,2006 meeting. Went to planning commission on Nov 9th. <br />3 or 4 things that they commented on: <br />