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Louisville Housing Authority <br />LHA - 2012 BUDGET <br />November, 2011 <br />The 2012 budgets for LHA /ESLP /LSEL had an error in the Excel formula calculating Maintenance Salaries and <br />Maintenance Benefits. The formula was correct for the BCHA properties, but was not carried over to the <br />other entities correctly on the Excel worksheet. The fund balance and total budget approved has not <br />changed. Here are the corrections made to the worksheets: <br />LHA BEGINNING CORRECTION ENDING <br />Salaries 56,680.00 (8,110.00) 48,570.00 <br />Benefits 22,753.00 (1,934.00) 20,819.00 <br />79,433.00 (10,044.00) 69,389.00 <br />ESLP BEGINNING CORRECTION ENDING <br />Salaries 17.00 11,951.00 11,968.00 <br />Benefits 5,606.00 (477.00) 5,129.00 <br />5,623.00 11,474.00 17,097.00 <br />LSEL BEGINNING <br />Salaries 10,562.00 <br />Benefits 4,240.00. <br />14,802.00 <br />CORRECTION ENDING <br />10,562.00 <br />4,240.00 <br />14,802.00 <br />TOTAL ALL ENTITIES 99,858.00 1,430.00 101,288.00. <br />LHA <br />LHA's maintenance salaries /benefits budget decreased to be comparable with 2011: <br />The LHA budget is balanced. <br />Lincoln Street Elderly Limited Partnership <br />Sunnyside's maintenance salaries /benefits budget increased, and is comparable with 2011. <br />Budget is balances. <br />East Street Limited. Partnership <br />Lydia Morgan's maintenance salaries /benefits budget remained unchanged. Budget is balanced. <br />Presented: January 24, 2012 <br />8 <br />