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REPORT - FISCAL YEAR 2018/19 HOUSING AUTHORITY BUDGET ADOPTION
BACKGROUND: The Housing Authority’s annual budget process runs concurrently with the City’s process from January through June each year. The Executive Director of the Housing Authority is charged with submitting an expenditure, revenue, and transfer budget for all Housing Authority programs for approval by the Housing Authority Commissioners, which then becomes the formal budget for the next fiscal year. The Housing Authority is asked to adopt the budget at their June meeting each year.
RECOMMENDATION: It is recommended by the Housing & Community Services Department that the Housing Authority, by resolution, adopt the proposed budget for Fiscal Year (FY) 2018/19.
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