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Sudbury Housing Authority approves FYE26 revision, adopts FYE27 budget and sets executive director salary
Summary
The Sudbury Housing Authority approved a FYE26 budget revision that taps reserves for capital work and adopted the FYE27 budget, authorizing a 1.8% increase for the executive director and setting the salary at $69,647.
The Sudbury Housing Authority on March 10 approved a revised FYE26 budget that transfers reserves to cover roughly $275,000 in capital expenditures and unanimously adopted the FYE27 proposed budget, also voting to set Executive Director Sheila M. Cusolito’s salary at $69,647.
CPA Jenna Milne told the board that the FYE26 revision reflects staffing timing and compensation changes, lower-than-projected rental income and higher non-routine maintenance costs. Milne said SHA used restricted reserves for capital work—citing projects such as the 667 fire alarm, 667 fire road paving, vehicle repairs, automated door opener installations and equipment purchases including a tractor and 705 boilers—and expects the Authority’s reserve to be about 55%, or roughly $260,000, above the State-required minimum of 35%.
Milne said program-specific funds (for the New Duplex and SHALIP) remain restricted to their programs; she reported the New Duplex reserve stands at approximately $486,000 and SHALIP at $332,000. The board approved the FYE26 Budget Revision 1 on a motion by S. Cline, seconded by A. Lepak; the motion passed unanimously.
On the FYE27 proposed budget, Milne said the State is allowing a 5% increase on the ANUEL, which for SHA is about $23,258 for regular expenses excluding utilities. The proposal includes a 3% increase for administrative staff and limits the executive director increase to 1.8%. The board discussed adding a second full-time maintenance position but noted DLS wage-rate guidance received the day before does not yet differentiate part‑time and full‑time rates; that ambiguity could affect the ability to fund the position. The board approved the FYE27 budget and the executive director salary on a motion by F. Riepe, seconded by S. Cline; that motion also passed unanimously.
Next steps: Milne will provide final numbers for management and reimbursement transfers after fiscal-year reconciliation. The board discussed replacing a cracked flange on the Village service input line as soon as possible (an estimated $15,000 expense) and flagged increased overtime as a driver of current-year budget pressure.
Actions recorded: approval of FYE26 Budget Revision 1 and approval of the FYE27 budget with the ED salary set at $69,647. The board did not place conditions on either approval in the minutes; staff follow-up was requested where DLS rate clarifications could change staffing plans.
