TO: Housing Authority Commissioners
FROM: Jennifer Palmer, Housing Authority Executive Director
REPORT BY: Alex Carrasco, Project Manager
SUBJECT: Revisions to Lodging Revenue and Deposit Policy and Procedure
RECOMMENDATION
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Approve revisions to the Lodging Revenue and Deposit Policy and Procedure for improved efficiency. (No Fiscal Impact; Discretionary)
[4/5 vote required]
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BACKGROUND
The Napa County Housing Authority contracts with California Human Development (Operator) to provide onsite property management services including collecting and depositing rents. The Lodging Revenue and Deposit Policy and Procedure (Policy) provides direction to the Operator on how to collect and deposit rent revenues. The proposed revisions contain minor administrative changes and increases the requirement for deposit transfer from $1,500 to $3,200. While the Policy is working effectively, recent rent increases have resulted in increased operational expenses related to Operator travel (depositing at bank). These revisions have been vetted through the Auditor-Controller’s Office and the Napa County Housing Commission and will be effective May 1st.
Requested action:
Approve revisions to the Loding Revenue and Deposit Policy and Procedure.
FISCAL & STRATEGIC PLAN IMPACT
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Is there a Fiscal Impact? |
No |
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Is it Mandatory or Discretionary? |
Discretionary |
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Discretionary Justification: |
Revisions ensure the Policy remains aligned with current operational needs |
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Is the general fund affected? |
No |
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Future fiscal impact: |
Reduced operational expenses |
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Consequences if not approved: |
Operator will travel more frequently to transfer deposits - resulting in increased operational expenses |
ENVIRONMENTAL IMPACT
ENVIRONMENTAL DETERMINATION: The proposed action is not a project as defined by 14 California Code of Regulations 15378 (State CEQA Guidelines) and therefore CEQA is not applicable.