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Housing authority outlines budget spending and grant projects; FAST filed, audit field work set for June
Summary
Director Maritza Cervantes reported preliminary fiscal-year allocations, expenditures through May 31 and grant-funded projects completed or underway; the unaudited FAST submission was filed May 31 and audit field work is scheduled to begin June 18.
At the June 4 meeting of the Gauss Housing Authority Board of Commissioners Director Maritza Cervantes presented fiscal-year allocations and expenditures through May 31 and summarized grant-funded capital projects completed under prior grant cycles.
Cervantes said the authority had allocated $447,560 for administrative expenses and expended $56,727.04, leaving a balance of $398,832.96. Tenant services were allocated $10,130 with no expenditures reported to date. Utility expenses carried an allocation of $320,500 with $51,496.19 expended (balance $269,003.81). Maintenance and operations were allocated $831,470…
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