Fayetteville Public Housing board voids old checks, adopts FY2026 budget and authorizes Treasury repayment

At its Sept. 25 meeting, the Fayetteville Public Housing Board of Commissioners approved several financial resolutions required for year-end administration and HUD compliance.

Resolution 1358 (void checks): Staff explained the annual close-of-year process to void checks older than 90 days and said tenant information was redacted in the packet. The board voted to approve Resolution 1358 to void the listed checks; the roll call recorded Commissioners Humphrey, Deutsch, Nathan and Moore voting aye.

Resolution 1359 (FY2026 budgets): Staff presented the annual budgets and accompanying HUD forms required for operating-grant submission (PIH 2025-20 was cited). Staff discussed a recent HUD notice that would limit expendable fund balances to three days and the tension between that guidance and prior expectations that housing authorities keep several months of reserves; staff said they may plan targeted spend-downs or capital purchases if that guidance is finalized. The board moved and approved Resolution 1359 adopting the FY2026 budgets (roll-call ayes recorded for all present commissioners).

Resolution 1360 (Treasury repayment authorization): Staff said they had received notice of a new virtual Arkansas HUD field office and had requested guidance on repaying funds to the U.S. Department of the Treasury and on documenting corrective actions from compliance reviews. The board approved Resolution 1360, authorizing staff to repay debt owed to the U.S. Department of the Treasury as appropriate; roll-call votes were aye.

All three resolutions were approved during the meeting; staff said they would follow up with auditors, HUD field-office guidance and the board on next steps.