1980-07-14 Reading Housing Authority Minutes

Home Browse Search

AC01&".L11%& XX%JU1mA1&V%a AU l- JL t Minutes of the Regular Meeting-- July 14, 1980 The Reading Housing Authority met in regular session on Monday, July 14, 1980 at 22 Frank D. Tanner Drive in the Town of Reading, Massachusetts, at 7 :30 P.M. The meeting was called to order by the Chairman, Mr. Dempster. Those members also present were Mr. White, and Mr. Ogden, forming a quorum. Mrs. Pierce, the Executive Director, was also present. Upon a motion made by Mr. White and seconded by Mr. Ogden, it was unanimously: VOTED: To accept for the record, the Secretary's Report for the regular meeting held June 10, 1980, copies of which had previously been mailed to all members. The Chairman thereupon declared said motion carried and said vote in effect. Upon a motion made by Mr. Ogden and seconded by Mr. White, it was unanimously: VOTED: To approve and pay checks and bills, a list of which is atta hod hereto and made a part of these Minutes and sent previously to all members, the amount of $7,301.38 for 667 -C. The Chairman thereupon declared said motion carried and said vote in effect, a:nd the checks were signed. (W At this time, Mrs. Pierce distributed among the members, copies of the: Operating Statement for the final quarter of this current fiscal year. It was noted that Operating Receipts were higher than anticipated at the Budget time due to increased rents from new tenants coming in, and higher interest receipts from the M.M.D.T. account than was expected. However, expenses were higher mainly due to excessive electricity cos The Authority hail conservatively budgetod according to E.O.C.D.'s formula in he three -cat ry budget system, but thw actual amount for the year exceded the udget figure by $7,000. Accordingly, thw annual deficit in actual figures was hi g er than the budgeted figure, but according to E.O.C.D.'s system, they only subsi $e the lower figure of the two. So the Authority will lose $3,279• Mrs. Pierce reported that the balance in the BayBank Middlesecaccountl� as of June 30, 1980 was $531.12 for 667-0. As of July 14, 1980 after payment� of the above checks due at this time, the balance in this account shows a deficit figure of $500.26. Therefore, upon a motion made by Mr. White and seconded by Mr. Ogden, it was unanimously: VOTED: To withdraw $500 from the M.M.D.T. account to cover the current expenses. The Chairman thermpon declared said motion carried and said vote in effect, and a check was drawn and signed for this transaction. 1.