HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 02/15/2000 - SUMMARY AGENDA (FORT COLLINS HOUSING AUTHORITY AGENDA
OF THE BOARD OF COMMISSIONERS OF
THE FORT COLLINS HOUSING AUTHORITY
February 15, 2000
Regular Meeting
6:00 p.m.
(or as soon thereafter as the City Council completes its business)
1. CALL MEETING TO ORDER.
2. ROLL CALL.
3. CITIZEN PARTICIPATION (limited to 30 minutes)
4. CITIZEN PARTICIPATION FOLLOW-UP:
This is an opportunity for the Boardmembers to follow-up on issues raised during Citizen
Participation.
5. AGENDA REVIEW: EXECUTIVE DIRECTOR
6. Resolution No. 26 Approvine the SEMAP Certification for the Authority for Submission to
the U.S. Department of Housing and Urban Development.
The Section 8 Management Assessment Program(SEMAP) was established to objectively
measure public housing agency performance in key Section 8 tenant-based assistance
program areas. SEMAP is intended to enable HUD to ensure program integrity and
accountability by identifying management capabilities and deficiencies.
Housing Authorities(HAs)must submit the HUD-required SEMAP certification form within
60 calendar days after the end of its fiscal years. The certification must be approved by
Housing Authority Board resolution and be signed by the board of commissioners'
chairperson and by the executive director.
7. Resolution No. 27 Revising the Policy Regarding the Capitalization of Assets.
The existing Policy Regarding the Capitalization of Assests states that all items having a
value above $100 and a useful life of more than three years be capitalized. During the audit
of the 1998 fiscal year, the auditors, Bondi and Associates, recommended that the
capitalization threshold be changed to$5,000 in order to conform with Generally Accepted
Accounting Principles (GAAP). The Resolution approves that change in policy and also
lowers the useful life threshold to one year.
8. Other Business.
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