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HomeMy WebLinkAbout2019-03 RESOLUTION NO. 2019-03 A RESOLUTION OF THE EXECUTIVE BOARD OF THE SOUTH KING COUNTY HOUSING AND HOMELESSNESS PARTNERS ADOPTING THE 2020 BUDGET WHEREAS, Section 13 of the South King County Housing and Homelessness Partners ("SKHHP") Interlocal Agreement ("ILA") requires the Executive Board to recommend and transmit a proposed budget and work plan for the next budget year to the parties by June 1st of each year; and, WHEREAS, the Administering Agency prepared a recommended budget for 2020 based on updated estimates of personnel costs, and presented it for discussion and possible action to the Executive Board on May 24, 2019; and, WHEREAS, because of the delay in executing the ILA, the time necessary to properly recruit a Program Manager, and the Executive Board's decision to wait until the Program Manager was hired to allow the Program Manager to have input into the development of the Work Plan, a work plan has not been proposed. NOW, THEREFORE, THE EXECUTIVE BOARD RESOLVES as follows: Section 1. The Executive Board recommends the proposed budget for 2020 as shown on attachment A. Section 2. Because the 2019 and 2020 expenditures and revenues are derived from operating assumptions that will be affected by the date SKHHP employees are hired, the pay grade that they are hired at, and the benefit package that will accompany each SKHHP employee, the Executive Board intends to confirm budget assumptions at the end of 2019. Resolution No. 2019-03 May 24, 2019 Page 1 of 3 Rev.2019 Section 3. The Chair is authorized and requested to send the proposed budget to the Parties with a request that the Parties adopt the proposed budget and send to implement those administrative procedures necessary to carry out the directives of this legislation. Section 4. This Resolution will take effect and be in full force on passage and signature. Dated and Signed this 24th day of May, 2019. SOUTH KING COUNTY HOUSING AND HOMELESSNESS PARTNERS N NC)/ :.441c S, CHAIR Shawn Campbell, Auburn City Clerk Resolution No. 2019-03 May 24, 2019 Page 2 of 3 Rev.2019 RESOLUTION 2019-03 –ATTACHMENT A 2020 SKHHP'Budget Assumptions — Beginning Fund Balance $94,787 Revenues Outside Sources $61,000 Shared $195,400 Other Total $256,400 Expenditures Program Manager $153,294 Administrative Support $103,121 Expenses $32,000 Administrative Fee $24,400 Total $312,815 Ending Fund Balance $38,372 (EFB)* EFB Percent of Budget 12.3% *Target EFB at least 8% of overall budget Resolution No. 2019-03 May 24, 2019 Page 3 of 3 Rev.2019