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Proposed SAHA Fiscal Year 2009-2010 Consolidated Budget

Proposed SAHA Fiscal Year 2009-2010 Consolidated Budget. SAHA FY 2010 Priorities: Responsibility, Performance and Transparency. Engage in a Board Led Strategic Planning Process

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Proposed SAHA Fiscal Year 2009-2010 Consolidated Budget

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  1. Proposed SAHA Fiscal Year 2009-2010 Consolidated Budget

  2. SAHA FY 2010 Priorities:Responsibility, Performance and Transparency • Engage in a Board Led Strategic Planning Process • Conduct and complete independent assessments and develop effective internal control systems to meet accountability and transparency goals • Harness partnerships to respond to housing needs of SAHA communities • Expand community economic development efforts in a coordinated manner • Youth and Adult Educational and Employment Services • Community and Social Services • Launch enhanced staff performance evaluation system and professional development activities • Collaborate with other Public Housing Agencies for Best Practices

  3. Budget Process • December 2008 - Staffing Plans made available to SAHA Departments • January 2009 - Staff budget training and data entry • February 2009 • Operating Budgets reviewed by Finance • Operating Budgets finalized by Management staff • March 2009 • Analysis of Operating Budgets by Management Staff • Staffing Plans presented to Executive Management team • April 2009 • Budget review by Management Staff • Departmental performance goals and budget presentations to CEO • May 2009 • Budget Revisions and Preparation of Board Packet • Budget Workshop for Board of Commissioners held on May 20, 2009 • Finance Committee Review on May 26, 2009 • June 2009 - Consolidated budgets presented to Board for consideration and approval • July 2009 -Budgets Implemented

  4. Financial Assumptions & Principles • Higher Funding for Housing Assistance Programs • Public Housing: Higher Operating Subsidy funding (4%) due to inflation + new units • Section 8: Housing Assistance funding increased by 16%, from $67M to $78M • Non-Profit Portfolio: Higher rental revenue (9.2%) due to increased leasing • Increases in Operating Expenses • Salaries and Benefits: 2% COLA + 1% Merit + Werling Study • Insurance costs up by 10% • Utilities costs up by 6% due to inflation + increased consumption • Creation of additional Central Office Cost Units • Compliance and Process Improvement • Facilities and Construction Services • Business Units Must Operate at Breakeven or Better • Budgets Should Be Aligned to Meet Performance Goals

  5. Proposed Consolidated Budget

  6. Proposed Consolidated Sources and Uses

  7. Proposed Operating Sources and Uses

  8. Operating Expenses by Line of Business

  9. Top 10 Budget Expenses

  10. SAHA Housing Programs Individuals and Families Served SAHA brings $122 Million in federal funding to the local economy to provide housing assistance to over 65,626 children, adults, and senior citizens. *Includes HCV & Special Programs

  11. Real Estate Services Performance Goals

  12. Construction Services Performance Goals • Complete Utility Upgrade Contracts by November 2009 for Alazan, Lincoln, Wheatley and Cassiano • Capital Fund - Obligate 100% 2007 CFP by September 2009 • Complete Blanco Remediation Contract by September 2009 • Complete Multiple Shingle Roofing Contracts by March 2010 • Complete Multiple Modified Roofing Contracts by March 2010 • Responsibly Administer Stimulus Funds on Approved Projects • Obligate 100% of funds by March 2010 • Expend 60% of funds by March 2011 • Compete for Stimulus Funding Competitive Round

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