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Home My WebLink About2024-03-12 VLHA Agenda 2 3 4 Vail Local Housing Authority Minutes Tuesday, February 27, 2024 3:00 PM Vail Town Council Chambers PRESENT ABSENT Steve Lindstrom Kristin Williams Dan Godec via zoom Craig Denton James Wilkins via zoom STAFF George Ruther, Housing Director Martha Anderson, Senior Housing Coordinator 1. Call to Order 1. 1 Call to Order The meeting was called to order at 3:06 p.m. with a quorum present. Williams joined at 3:50 p.m. 1.2 Zoom Meeting 2. Citizen Participation 2.1 Citizen Participation no comments 3. Approval of Minutes 3.1 VLHA February 1, 2024 Minutes MOTION: Denton SECOND: Wilkins PASSED: (4 - 0) 4. Matters from the Chairman and Authority Members 4.1 Matters from the Chairman and Authority Members Presenter(s): Steve Lindstrom, VLHA Chairman Ruther provided updates to the Authority regarding ongoing business. We are watching for a scope of work to come from David Flaherty regarding demographic information for EHUs in Town of Vail. There is a lengthy list of business and individual interest in purchasing Timber Ridge 2.0, of which there could be valuable feedback from this group through future surveys. There is a housing matters mailing list that will also be included. For March 12, the group seeks updates on Financials as well as a possible update from David Flaherty. Matters were again revisited after the main agenda at 3:58 p.m. Lindstrom suggested that the Authority explore the draft legislation, pros and cons statements around the upcoming multi-family dwelling legislation. Ruther updated the Authority regarding the current status of the development of the 5 International Building in Minturn as the continue to watch construction costs. 5. Main Agenda 5.1 Housing Policy Statements Update Discussion Presenter(s): George Ruther, Housing Director Ruther walked the Authority through the presented memo, housing updates and future planning to present to the Town Council with suggested updates to the established Housing Policy Statements. With several changeover in members to the Council, Authority and the housing market, rise of interest rates and market conditions the Authority finds benefit in revisiting the statements to be sure they are still relevant. Ruther highlighted suggested changes changes that stemmed from a variety of input. Changes were highlighted within the memo, with suggestions to add additional policy changes included. The next steps are as listed below: Present a revision of the Housing Statements, from 2018, to Council at the March 5th, 2024 meeting. The recommended changes will be presented to the Council on March 5th for discussion The final step will be to provide a proposed adopting resolution to Council on March 19 Ruther reminded the group that Council sets policy but looks to the Vail Local Housing Authority as a technical advisor and the Housing Staff is doing the day to day implementation. Lindstrom walked the Authority through the document to gather agreement and the Authority provided feedback and/or requested additions. Motion to recommend approval based on changes suggested by the Authority, including the opportunity for the Authority to serve as the investor. MOTION: Godec SECOND: Denton PASSED: (4 - 0) 5.2 Resolution No. 1, Series of 2024, A Resolution Authorizing a Professional Services Agreement Between The Vail Local Housing Authority and Social Impact Advisors for Grant Writing Services. Presenter(s): Steve Lindstrom, VLHA Chairman and Dan Godec, VLHA Board Member Godec highlighted a few areas that need clarification and request for a follow-up call with Impact Advisors related to the scope of work: 30-day vs 60-days clause to end the agreement; revisit the responsibility around the follow-up to compliance around future grants. Phase 1 is broken down into three specific topics and Ruther suggests for the Authority to gain clarity regarding the deliverables around the three tasks as well as a scheduled task list. The authority moves to approve, with modifications discussed and discretion for Lindstrom to finalize and execute final. MOTION: Godec SECOND: Denton PASSED: (5 - 0) 6. Adjournment 6.1 Adjournment Meeting adjourned at 4:08 p.m. MOTION: Godec SECOND: Denton PASSED: (5 - 0) 6 7. Future Agenda Items 7.1 Future Agenda Items Audit Exemption for 2023 Grant Funding Work Session Discuss Funding Opportunities 8. Next Meeting Date 8.1 Next Meeting Date March 12, 20 24 7 8 26 RESOLUTION NO. 2 SERIES OF2024 ARESOLUTIONAPPROVING AN EXEMPTION FROM AUDIT FOR THE FISCAL YEAR 2023 FOR THE VAIL LOCAL HOUSINGAUTHORITYIN THE STATE OF COLORADO. WHEREAS,the boardofthe Vail Local Housing Authoritywishes to claim exemption from the audit requirementsofSection 29-1-603,C.R.S.; and WHEREAS,Section 29-1-604,C.R.S.statesthatany local governmentwhere neither revenuesnor expendituresexceed five hundred thousand dollars may, with the approvalofthe state auditor, be exempt from the provisions ofSection 29-1-603,C.R.S.; and WHEREAS,neither revenues norexpendituresfor the Vail Local Housing Authorityexceeded $100,000 for fiscal year 2023; and WHEREAS, an application for exemption from audit for the Vail Local Housing Authority has been prepared by Carlie Smith, a person skilled in governmental accounting; and WHEREAS,said application for exemption from audit has been completed in accordance withregulations issued by the state auditor. NOWTHEREFORE,itwillbe ordained by the boardofthe Vail LocalHousing Authoritythatthe application for exemption from audit for the Vail Local Housing Authorityfor the fiscalyear ended,December 31,2023,hasbeen reviewed and is herebyapproved byamajorityof the boardofthe Vail thatthose membersofthe Vail Local Housing Authorityhave signified their approval by signing below; and thatthis resolution shall beattached to,and shall become a part ofthe application forexemption for auditofthe Vail Local Housing Authority for the fiscalyear ended December31, 2023. th ADOPTED THIS 1DAYOFMarch2024. ATTEST:SIGNED: __________________________________ Martha Anderson, SecretarySteve Lindstrom, Chairman RESOLUTION NO. 2, SERIES OF 2024 27 Members of Board Date Term Expires Signature Steve Lindstrom 05/31/2025 Craig Denton 05/31/2027 James Wilkins 05/31/2024 Kristin Williams 05/31/2028 Dan Godec 05/31/2026 RESOLUTION NO. 2, SERIES OF 2024 28 APPLICATION FOR EXEMPTION FROM AUDIT SHORT FORM IF EITHER REVENUES OR EXPENDITURES EXCEED $100,000, USE THE LONG FORM. Under the Local Government Audit Law (Section 29-1-601, et seq., C.R.S.) any local government may apply for an exemption from audit if neither revenues nor expenditures exceed $750,000 in the year. EXEMPTIONS FROM AUDIT ARE NOT AUTOMATIC To qualify for exemption from audit, a local government must complete an Application for Exemption from Audit EACH YEAR and submit it to the Office of the State Auditor (OSA). Any preparer of an Application for Exemption from Audit-SHORT FORM must be a person skilled in governmental accounting. Approval for an exemption from audit is granted only upon the review by the OSA. READ ALL INSTRUCTIONS BEFORE COMPLETING AND SUBMITTING THIS FORM ALL APPLICATIONS MUST BE FILED WITH THE OSA WITHIN 3 MONTHS AFTER THE ACCOUNTING YEAR-END. FOR EXAMPLE, APPLICATIONS MUST BE RECEIVED BY THE OSA ON OR BEFORE MARCH 31 FOR GOVERNMENTS WITH A DECEMBER 31 YEAR-END. APPLICATIONS FOR EXEMPTION FROM AUDIT ARE NOT ELIGIBLE FOR AN EXTENSION OF TIME GOVERNMENTAL ACTIVITY SHOULD BE REPORTED ON THE MODIFIED ACCRUAL BASIS PROPRIETARY ACTIVITY SHOULD BE REPORTED ON A BUDGETARY BASIS POSTMARK DATES WILL NOT BE ACCEPTED AS PROOF OF SUBMISSION ON OR BEFORE THE STATUATORY DEADLINE PRIOR YEAR FORMS ARE OBSOLETE AND WILL NOT BE FOR YOUR REFERENCE, COLORADO REVISED STATUTES ACCEPTED.CAN BE FOUND AT: APPLICATIONS SUBMITTED ON FORMS OTHER THAN THOSE http://www.lexisnexis.com/hottopics/Colorado/ PRESCRIBED BY THE OSA WILL NOT BE ACCEPTED. APPLICATIONS MUST BE FULLY AND ACCURATELY COMPLETED. CHECKLIST Checkout our web portal. Register your account Has the preparer signed the application? and submit electronic Applications for Exemption From Audit, Extension of Time to File requests, Has the entity corrected all Prior Year Deficiencies as communicated by the OSA? Audited Financial Statements, and more! See the link below. Has the application been PERSONALLY reviewed and approved by the governing body? Did you include any relevant explanations for unusual items in the appropriate spaces at the end of each section? Will this application be submitted electronically? Click here to go to the portal If yes, have you read and understand the new Electronic Signature Policy? See Click Here new policy -> --or-- If yes, have you included a resolution? Does the resolution state that the governing body PERSONALLY reviewed and approved the resolution in an open public meeting? Has the resolution been signed by a MAJORITY of the governing body? (See sample resolution.) Will this application be submitted via a mail service? (e.g. US Post Office, FedEx, UPS, courier.) If yes, does the application include ORIGINAL INK SIGNATURES from the MAJORITY of the governing body? 1 29 FILING METHODS Register and submit your Applications at our web portal! For faster processing the web portal is the preferred method for submission WEB PORTAL:https://apps.leg.co.gov/osa/lg MAIL:Office of the State Auditor Local Government Audit Division 1525 Sherman St., 7th Floor Denver, CO 80203 Please Note: The OSA's email addresses have changed as of December 1, 2023. Please ensure you are using the email address noted below. QUESTIONS? Email: osa.lg@coleg.gov OR Phone: 303-869-3000 IMPORTANT! All Applications for Exemption from Audit are subject to review and approval by the Office of the State Auditor. Governmental Activity should be reported on the Modified Accrual Basis Proprietary Activity should be reported on the Cash or Budgetary Basis Failure to file an application or denial of the request could cause the local government to lose its exemption from audit for that year and the ensuing year. In that event, AN AUDIT SHALL BE REQUIRED. 2 2: APPLICATION FOR EXEMPTION FROM AUDIT SHORT FORM NAME OF GOVERNMENTVail Local Housing AuthorityFor the Year Ended 75 S. Frontage Rd12/31/23 ADDRESS Vail, CO 81657or fiscal year ended: CONTACT PERSONCarlie Smith PHONE970-479-2119 EMAIL csmith@vail.gov PART 1 - CERTIFICATION OF PREPARER I certify that I am skilled in governmental accounting and that the information in the application is complete and accurate, to the best of my knowledge. NAME: Carlie Smith TITLE Finance Director FIRM NAME (if applicable) ADDRESS 75 S. Frontage Rd. Vail, CO 81657 PHONE 970-479-2119 DATE PREPARED PREPARER (SIGNATURE REQUIRED) GOVERNMENTAL PROPRIETARY Please indicate whether the following financial information is recorded (MODIFIED ACCRUAL BASIS)(CASH OR BUDGETARY BASIS) using Governmental or Proprietary fund types 3 31 PART 2 - REVENUE REVENUE: All revenues for all funds must be reflected in this section, including proceeds from the sale of the government's land, building, and equipment, and proceeds from debt or lease transactions. Financial information will not include fund equity information. DescriptionPlease use this Line#Round to nearest Dollar space to provide 2-1Taxes:Property(report mills levied in Question 10-6)$ - any necessary 2-2Specific ownership$ - explanations 2-3Sales and use$ - 2-4Other (specify): $ - 2-5Licenses and permits$ - 2-6Intergovernmental:Grants$ - 2-7Conservation Trust Funds (Lottery)$ - 2-8Highway Users Tax Funds (HUTF)$ - 2-9Other (specify): $ - 2-10Charges for services$ 16,540 2-11Fines and forfeits$ - 2-12Special assessments$ - 2-13Investment income$ 10,618 2-14Charges for utility services$ - (should agree with line 4-4, column 2) 2-15$ - Debt proceeds 2-16Lease proceeds$ 35,000 2-17Developer Advances received (should agree with line 4-4)$ - 2-18Proceeds from sale of capital assets$ - 2-19Fire and police pension$ - 2-20Donations$ - 2-21Other (specify): Rev Share$ 800 2-22$ - 2-23$ - 2-24(add lines 2-1 through 2-23) TOTAL REVENUE $ 62,958 PART 3 - EXPENDITURES/EXPENSES EXPENDITURES: All expenditures for all funds must be reflected in this section, including the purchase of capital assets and principal and interest payments on long-term debt. Financial information will not include fund equity information. Please use this Line#DescriptionRound to nearest Dollar space to provide 3-1Administrative$ - any necessary 3-2Salaries$ - explanations 3-3Payroll taxes$ - 3-4Contract services$ 59,828 3-5Employee benefits$ - 3-6Insurance$ - 3-7Accounting and legal fees$ 2,500 3-8Repair and maintenance$ - 3-9Supplies$ - 3-10Utilities and telephone$ - 3-11Fire/Police$ - 3-12Streets and highways$ - 3-13Public health$ - 3-14Capital outlay $ - 3-15Utility operations$ - 3-16Culture and recreation$ - 3-17Debt service principal (should agree with Part 4)$ - 3-18Debt service interest$ - 3-19Repayment of Developer Advance Principal (should agree with line 4-4)$ - 3-20Repayment of Developer Advance Interest$ - Contribution to pension plan 3-21(should agree to line 7-2)$ - 3-22Contribution to Fire & Police Pension Assoc. (should agree to line 7-2)$ - 3-23Other (specify): Bank Fees$ 120 3-24Board Prof Dev$ 345 3-25Misc$ 722 $ 63,514 3-26(add lines 3-1 through 3-24) TOTAL EXPENDITURES/EXPENSES If TOTAL REVENUE (Line 2-24) or TOTAL EXPENDITURES (Line 3-26) are GREATER than $100,000 - STOP. You may not use this form. Please use the "Application for Exemption from Audit - LONG FORM". 4 32 PART 4 - DEBT OUTSTANDING, ISSUED, AND RETIRED Please answer the following questions by marking the appropriate boxes.YesNo 4-1Does the entity have outstanding debt? If Yes, please attach a copy of the entity's Debt Repayment Schedule. 4-2 Is the debt repayment schedule attached? If no, MUST explain below: 4-3 Is the entity current in its debt service payments? If no, MUST explain below: 4-4 Please complete the following debt schedule, if applicable: Outstanding at Issued during Retired during Outstanding at (please only include principal amounts)(enter all amount as positive end of prior year*yearyearyear-end numbers) General obligation bonds $ -$ -$ -$ - Revenue bonds$ -$ -$ -$ - Notes/Loans$ -$ -$ -$ - Lease & SBITA** Liabilities \[GASB 87 & 96\]$ -$ -$ -$ - Developer Advances$ -$ -$ -$ - Other (specify): $ -$ -$ -$ - TOTAL$ -$ -$ -$ - **Subscription Based Information Technology Arrangements *Must agree to prior year-end balance Please answer the following questions by marking the appropriate boxes.YesNo Does the entity have any authorized, but unissued, debt? 4-5 How much?$ - If yes: Date the debt was authorized: Does the entity intend to issue debt within the next calendar year? 4-6 How much?$ - If yes: Does the entity have debt that has been refinanced that it is still responsible for? 4-7 What is the amount outstanding?$ - If yes: Does the entity have any lease agreements? 4-8 What is being leased? If yes: What is the original date of the lease? Number of years of lease? Is the lease subject to annual appropriation? What are the annual lease payments?$ - Part 4 - Please use this space to provide any explanations/comments or attach separate documentation, if needed PART 5 - CASH AND INVESTMENTS Amount Please provide the entity's cash deposit and investment balances.Total $ 398,009 5-1 YEAR-END Total of ALL Checking and Savings Accounts 5-2 Certificates of deposit $ - Total Cash Deposits $ 398,009 Investments (if investment is a mutual fund, please list underlying investments): $ - $ - 5-3 $ - $ - $ - Total Investments Total Cash and Investments $ 398,009 Please answer the following questions by marking in the appropriate boxesYesNoN/A 5-4Are the entity's Investments legal in accordance with Section 24-75-601, et. seq., C.R.S.? 5-5Are the entity's deposits in an eligible (Public Deposit Protection Act) public depository (Section 11-10.5-101, et seq. C.R.S.)? If no, MUST use this space to provide any explanations: 5 33 PART 6 - CAPITAL AND RIGHT-TO-USE ASSETS Please answer the following questions by marking in the appropriate boxes. YesNo Does the entity have capital assets? 6-1 6-2 Has the entity performed an annual inventory of capital assets in accordance with Section 29-1-506, C.R.S.,? If no, MUST explain: Balance - Additions (Must 6-3 Year-End Complete the following capital & right-to-use assets table: Deletions beginning of the be included in Balance year*Part 3) Land$ -$ -$ - $ - Buildings$ -$ -$ - $ - Machinery and equipment$ -$ -$ - $ - Furniture and fixtures$ -$ -$ - $ - Infrastructure$ -$ -$ - $ - Construction In Progress (CIP)$ -$ -$ - $ - Leased & SBITA Right-to-Use Assets$ -$ -$ - $ - Other (explain):$ -$ -$ - $ - Accumulated Depreciation/Amortization $ -$ -$ - (Please enter a negative, or credit, balance) $ - TOTAL$ -$ -$ -$ - *must tie to prior year ending balance Part 6 - Please use this space to provide any explanations/comments or attach documentation, if needed: PART 7 - PENSION INFORMATION Please answer the following questions by marking in the appropriate boxes. YesNo Does the entity have an "old hire" firefighters' pension plan? 7-1 Does the entity have a volunteer firefighters' pension plan? 7-2 Who administers the plan? If yes: Indicate the contributions from: Tax (property, SO, sales, etc.): $ - State contribution amount: $ - Other (gifts, donations, etc.): $ - TOTAL $ - What is the monthly benefit paid for 20 years of service per retiree as of Jan $ - 1? Part 7 - Please use this space to provide any explanations or comments: PART 8 - BUDGET INFORMATION Please answer the following questions by marking in the appropriate boxes.YesNoN/A Did the entity file a budget with the Department of Local Affairs for the current year 8-1 in accordance with Section 29-1-113 C.R.S.? If no, MUST explain: 8-2 Did the entity pass an appropriations resolution, in accordance with Section 29-1-108 C.R.S.? If no, MUST explain: Please indicate the amount budgeted for each fund for the year reported: If yes: Fund NameBudgeted Expenditures Total Appropriations By Fund Governmental/Proprietary Fund Name Vail Local Housing Authority$ 68,670 6 34 PART 9 - TAXPAYER'S BILL OF RIGHTS (TABOR) Please answer the following question by marking in the appropriate box YesNo Is the entity in compliance with all the provisions of TABOR \[State Constitution, Article X, Section 20(5)\]? 9-1 Note: An election to exempt the government from the spending limitations of TABOR does not exempt the government from the 3 percent emergency reserve requirement. All governments should determine if they meet this requirement of TABOR. If no, MUST explain: PART 10 - GENERAL INFORMATION Please answer the following questions by marking in the appropriate boxes. YesNo Is this application for a newly formed governmental entity? 10-1 If yes: Date of formation: 10-2Has the entity changed its name in the past or current year? If yes: Please list the NEW name & PRIOR name: 10-3 Is the entity a metropolitan district? Please indicate what services the entity provides: 10-4Does the entity have an agreement with another government to provide services? If yes: List the name of the other governmental entity and the services provided: Town of Vail provides accounting services 10-5Has the district filed a Title 32, Article 1 Special District Notice of Inactive Status during If yes: Date Filed: Does the entity have a certified Mill Levy? 10-6 If yes: Please provide the following mills levied for the year reported (do not report $ amounts): Bond Redemption mills - General/Other mills - Total mills - YesNoN/A NEW 2023! If the entity is a Title 32 Special District formed on or after 7/1/2000, has the entity filed its preceding year annual report with the State Auditor as required 10-7 under SB 21-262 \[Section 32-1-207 C.R.S.\]? If NO, please explain. The Vail Local Housing Authority was formed in 1990 Please use this space to provide any additional explanations or comments not previously included: 7 35 8 36 PART 11 - GOVERNING BODY APPROVAL Please answer the following question by marking in the appropriate box YESNO If you plan to submit this form electronically, have you read the new Electronic Signature 12-1 Policy? Form Electronic Signatures Policy and Procedure Policy - Requirements The Office of the State Auditor Local Government Audit Division may accept an electronic submission of an application for exemption from audit that includes governing board signatures obtained through a program such as Docusign or Echosign. Required elements and safeguards are as follows: (3), C.R.S., that states the application shall be personally reviewed, approved, and signed by a majority of the members of the governing body. signature history document must show when the document was created and when the document was emailed to the various parties, and include the dates the individual board members signed the document. The signature history must also show the individuals' email addresses and IP address. The application for exemption from audit form created by our office includes a section for governing body approval. Local governing boards note their approval and submit the application through one of the following three methods: 1) Submit the application in hard copy via the US Mail including original signatures. 2) Submit the application electronically via email and either, a. Include a copy of an adopted resolution that documents formal approval by the Board, or b. Include electronic signatures obtained through a software program such as Docusign or Echosign in accordance with the requirements noted above. 9 37 Print the names of ALL members of current A MAJORITY of the members of the governing body must sign below. governing body below. Print Board Member's Name I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for Board exemption from audit. James Wilkins Member Signed__________________________________ 1 Date:_____________________ My term Expires:______________________ Print Board Member's Name I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for Board exemption from audit. Steve Lindstrom Member Signed__________________________________ 2 Date:_____________________ My term Expires:______________________ Print Board Member's Name I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for Board exemption from audit. Dan Godec Member Signed__________________________________ 3 Date:_____________________ My term Expires:______________________ Print Board Member's Name I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for Board exemption from audit. Craig Denton Member Signed__________________________________ 4 Date:_____________________ My term Expires:______________________ Print Board Member's Name I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for Board exemption from audit. Kristin Williams Member Signed__________________________________ 5 Date:_____________________ My term Expires:______________________ Print Board Member's Name I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for Board exemption from audit. Member Signed__________________________________ 6 Date:_____________________ My term Expires:______________________ Print Board Member's Name I ______________________________ , attest I am a duly elected or appointed board member, and that I have personally reviewed and approve this application for Board exemption from audit. Member Signed__________________________________ 7 Date:_____________________ My term Expires:______________________ 10 38 EXAMPLE - DO NOT FILL OUT THIS PAGE This sample resolution/ordinance for exemption from audit is provided as an example of the documentation that is required. The wording may be used as a basis for your own local government document, if needed; however you MUST draft your own ordinance or resolution making any changes where applicable. Legal counsel should be consulted regarding any questions. RESOLUTION/ORDINANCE FOR EXEMPTION FROM AUDIT (Pursuant to Section 29-1-604, C.R.S.) A RESOLUTION/ORDINANCE APPROVING AN EXEMPTION FROM AUDIT FOR FISCAL YEAR 20XX FOR THE (name of government),STATE OF COLORADO. WHEREAS, the (governing body)of (name of government)wishes to claim exemption from the audit requirements of Section 29-1-603, C.R.S.; and WHEREAS, Section 29-1-604, C.R.S.,states that any local government where neither revenuesnor expenditures exceed seven hundred and fifty thousand dollars may, with the approval of the State Auditor, be exempt from the provision of Section 29-1-603, C.R.S.; and \[Choose 1 or 2 below, whichever is applicable\] (1)WHEREAS, neither revenuenor expenditures for (name of government)exceeded $100,000 for Fiscal Year 20XX; and WHEREAS, an application for exemption from audit for (name of government)has been prepared by (name of individual), a person skilled in governmentalaccounting; and OR (2)WHEREAS, neither revenuesnor expenditures for (name of government)exceeded $750,000 for Fiscal Year 20XX; and WHEREAS, an application for exemption from audit for (name of government)has been prepared by (name of individual or firm), anindependent accountant with knowledge of governmentalaccounting; and WHEREAS, said application for exemption from audit has been completed in accordance with regulations, issued by the State Auditor. NOW THEREFORE, be it resolved/ordained by the (governing body)of the (name of government)that the application for exemption from audit for (name of government)for the Fiscal Year ended ____________, 20XX, has been personally reviewed and is hereby approved by a majority of the (governing body)of the (name of government); that those members of the (governing body)have signified their approval by signing below; and that this resolution shall be attached to, and shall become a part of,the application for exemption from audit of the (name of government)for the fiscal year ended ____________, 20XX. ADOPTED THIS ___ day of _____________, A.D. 20XX. 11 39 EXAMPLE - DO NOT FILL OUT THIS PAGE 12 3: 41 42 43 44 --- $ $ 37,815 3,892,046 7,635,000 17,128,830 (9,203,830) (9,043,105) 475,000 7,925,000 3,180,089 102,891 1,500,000 780,989 -- --- 37,815 3,892,046 - 7,635,000 - 13,851,841 (13,376,841) (43,105) 19,640,379$ 1,393,443 $ 4,950,000 2,500,000 - 475,000 475,000 680,089 102,891 1,500,000 4,000 - 291,801 - - - 2,500,000 4,950,000 (9,000,000) $ 4,950,000 - 2,500,000 - - 7,450,000 2,500,000 - - - Preliminary 80,920 3,892,046 - 7,635,000 50,000 13,925,853 (14,083,119) - 4,521,791$ 471,791 $ 215,765 - - - (668,831) 4,000 (157,265) 680,089 89,787 1,500,000 (1,989) HOUSING FUND - - 17,104 20232023Variance20241st2024 4,858,4102,500,0001,200,000 AmendedActualsFav/(Unfav)BudgetSupplementalAmended 114,080 507,954 2,000,000 - - 3,931,023 6,541,226 - 13,099,153$ 19,640,379 $ 5,074,175 17,104 2,500,000 1,200,000 385,169 4,000 1,000,000 291,801 10,472,248 532,000 - - 776,989 TOWN OF VAIL PROPOSED AMENDED 2024 BUDGET SUMMARY OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE Fund Balance13,099,153 g innin g Construction Housing Projects Timber Ridge Redevelopment195,000 W. Middle Creek Development Placeholder4,400,000 Residences at Main Vail Opportunity Fee2,000,000 Land Purchases for future Housing CDOT Parcel Acquisition Placeholder7,635,000 Eagle-Vail Parcel Placeholder50,000Total Expenditures17,856,876 Operating Income(7,227,362)Transfer to Timber Ridge- Site and Podium Be Ending Fund Balance5,871,791 Revenue Housing Sales TaxHousing Fee in Lieu Annual CollectionsTransfer in from Capital Projects FundTransfer in from General FundWorkforce Housing Sales 1,054,000Housing Late FeesProject Reimbursements1,000,000Earnings on Investments-Total Revenue10,629,514 ExpendituresHousing Programs InDeed Program1,212,089 Buy Down Housing89,787 Future Purchases1,500,000 Pitkin Creek 14A unit775,000 45 2024 BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE VAIL LOCAL HOUSING AUTHORITY 2023202320242024 BudgetActualsBudgetYTD Revenue Middle Creek Revenue Share / Mgmt Fee$ 17,34016,300$ 16,700$ 2,840$ 10,618500 7,866 3,005 Interest Income 35,00035,000 35,000 - Ground Lease Revenue Total Revenue 62,95851,800 59,566 5,845 Expenditures Accounting Fees 2,5002,500 2,500 - Operating, Maintenance & Contracts 61,01466,170 72,370 7,683 Total Expenditures 63,51468,670 74,870 7,683 Revenue Over (Under) Expenditures (556)(16,870) (15,304) (1,838) Beginning Fund Balance 393,860393,860 393,304 393,304 Ending Fund Balance $ 393,304376,990$ 378,000$ 391,466$ 46 Page 1 of 1 .00370.00(370.00)100.00.005,475.00(5,475.00)(100.00) $0.00$370.00$0.000.00%$0.00$5,475.00($5,475.00)(100.00%)$0.00$5,475.00($5,475.00)(100.00%) 200.00400.00(200.00)(50.00) BalanceTotal ActualNet ChangeChange % $200.00$400.00($200.00)(50.00%) 78,052.3689,979.36(11,927.00)(13.26) 313,214.50308,030.005,184.501.68391,466.86312,037.4579,429.4125% Current YTDPrior Year $391,266.86$398,009.36($6,742.50)(1.69%)$391,466.86$398,779.36($7,312.50)(1.74%)$391,466.86$312,037.45$0.000.00%$391,466.86$312,037.45$0.000.00% Through 03/07/24 Balance Sheet TotalsTotalsTotalsTotalsTotals 10600 - 11000 - 14010 - 20100 - 29205 - ASSETS TOTALS LIABILITIES TOTALS FUND EQUITY TOTALS 800 - Vail Local Housing Authority Run by NWS on 03/07/2024 13:13:12 PM LIABILITIESFUND EQUITY ASSETSLIABILITIES AND FUND EQUITY Fund 47 1060011000140102010029205 AccountAccount Description10600.00VLHA / Checking 189310600.01VLHA / Liquid Asset 862211000.00Accounts Receivable14010.00Prepaid Expenses20100.00Accounts Payable29205.00Fund Balance - Restricted 48 Second Regular Session Seventy-fourth General Assembly STATE OF COLORADO INTRODUCED LLS NO. 24-0584.03 Pierce Lively x2059 HOUSE BILL 24-1239 HOUSE SPONSORSHIP Valdez, SENATE SPONSORSHIP Priola, House CommitteesSenate Committees Transportation, Housing & Local Government A BILL FOR AN ACT 101 C ONCERNING REQUIRING A LOCAL GOVERNMENT TO MODIFY A 102 BUILDING CODE TO ALLOW FIVE STORIES OF A MULTIFAMILY 103 RESIDENTIAL BUILDING TO BE SERVED BY A SINGLE EXIT. Bill Summary (Note: This summary applies to this bill as introduced and does not reflect any amendments that may be subsequently adopted. If this bill passes third reading in the house of introduction, a bill summary that applies to the reengrossed version of this bill will be available at http://leg.colorado.gov.) On or before December 1, 2026, the bill requires a board of county commissioners or the governing body of a municipality to adopt a building code, or amend an existing building code, to allow up to 5 stories of a multifamily residential building to be served by a single exit. To satisfy this requirement, a local government shall incorporate by reference Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment. Capital letters or bold & italic numbers indicate new material to be added to existing law. Dashes through the words or numbers indicate deletions from existing law. 49 and adopt or adapt and adopt language from a portion of an existing building code that allows a single exit to serve no more than 5 stories of a group r-2 occupancy in the same building. If a local government so requests, the department of local affairs shall provide technical assistance to the local government in satisfying this requirement. The bill also clarifies that the adoption or amendment of a building code to satisfy the requirements of the bill does not qualify as adopting or enforcing a building code for the purpose of determining whether a board of county commissioners or the governing body of a municipality is required to adopt an energy code. 1 Be it enacted by the General Assembly of the State of Colorado: 2 SECTION 1. In Colorado Revised Statutes, add 30-28-213 as 3follows: 4 30-28-213. Single exit in multifamily residential structure - 5 technical assistance - definition. (1) S UBJECT TO THE CONDITIONS SET 6 FORTH IN SUBSECTION (2) OF THIS SECTION AND NOTWITHSTANDING ANY 7 OTHER PROVISION OF LAW, ON OR BEFORE D ECEMBER 1, 2026, A BOARD OF 8 COUNTY COMMISSIONERS SHALL ADOPT A BUILDING CODE, OR AMEND ITS 9 EXISTING BUILDING CODE, TO ALLOW A SINGLE EXIT TO SERVE NO MORE 10 THAN FIVE STORIES OF A GROUP R-2 OCCUPANCY IN THE SAME BUILDING. 11(2) T O SATISFY THE REQUIREMENTS OF SUBSECTION (1) OF THIS 12 SECTION, A BOARD OF COUNTY COMMISSIONERS SHALL INCORPORATE BY 13 REFERENCE INTO ITS NEW OR EXISTING BUILDING CODE AND ADOPT OR 14 ADAPT AND ADOPT LANGUAGE FROM A PORTION OF AN EXISTING BUILDING 15 CODE OF ANY OTHER A MERICAN JURISDICTION THAT ALLOWS A SINGLE 16 EXIT TO SERVE NO MORE THAN FIVE STORIES OF A GROUP R-2 OCCUPANCY 17 IN THE SAME BUILDING. 18(3) T HE ADOPTION OF A BUILDING CODE, OR THE AMENDMENT OF 19 AN EXISTING BUILDING CODE, BY A BOARD OF COUNTY COMMISSIONERS TO 20 COMPLY WITH SUBSECTION (1) OF THIS SECTION, IS NOT ADOPTING OR -2-HB24-1239 4: 1 ENFORCING A BUILDING CODE FOR PURPOSES OF DETERMINING WHETHER 2 A BOARD OF COUNTY COMMISSIONERS IS REQUIRED TO ADOPT AND 3 ENFORCE AN ENERGY CODE PURSUANT TO SECTION 30-28-211. 4(4) U PON THE REQUEST OF A COUNTY OFFICIAL OR EMPLOYEE, THE 5 DEPARTMENT OF LOCAL AFFAIRS SHALL PROVIDE TECHNICAL ASSISTANCE 6 IN ADOPTING A BUILDING CODE OR AMENDING AN EXISTING BUILDING CODE 7 PURSUANT TO SUBSECTION (1) OF THIS SECTION. 8(5) A S USED IN THIS SECTION, UNLESS THE CONTEXT OTHERWISE 9 REQUIRES, "GROUP R-2 OCCUPANCY" MEANS A RESIDENTIAL OCCUPANCY 10 CONTAINING SLEEPING UNITS OR MORE THAN TWO DWELLING UNITS WHERE 11 THE OCCUPANTS ARE PRIMARILY PERMANENT IN NATURE. 12 SECTION 2. In Colorado Revised Statutes, add 31-15-604 as 13follows: 14 31-15-604. Single exit in multifamily residential structure - 15 UBJECT TO THE CONDITIONS SET technical assistance - definition. (1) S 16 FORTH IN SUBSECTION (2) OF THIS SECTION AND NOTWITHSTANDING ANY 17 OTHER PROVISION OF LAW, ON OR BEFORE D ECEMBER 1, 2026, THE 18 GOVERNING BODY OF ANY MUNICIPALITY SHALL ADOPT A BUILDING CODE, 19 OR AMEND ITS EXISTING BUILDING CODE, TO ALLOW A SINGLE EXIT TO 20 SERVE NO MORE THAN FIVE STORIES OF A GROUP R-2 OCCUPANCY IN THE 21 SAME BUILDING. 22(2) T O SATISFY THE REQUIREMENTS OF SUBSECTION (1) OF THIS 23 SECTION, THE GOVERNING BODY OF A MUNICIPALITY SHALL INCORPORATE 24 BY REFERENCE INTO ITS NEW OR EXISTING BUILDING CODE AND ADOPT OR 25 ADAPT AND ADOPT LANGUAGE FROM A PORTION OF AN EXISTING BUILDING 26 CODE OF ANY A MERICAN JURISDICTION THAT ALLOWS A SINGLE EXIT TO 27 SERVE NO MORE THAN FIVE STORIES OF A GROUP R-2 OCCUPANCY IN THE -3-HB24-1239 51 1 SAME BUILDING. 2(3) T HE ADOPTION OF A BUILDING CODE, OR THE AMENDMENT OF 3 AN EXISTING BUILDING CODE, BY A GOVERNING BODY OF A MUNICIPALITY 4 TO COMPLY WITH SUBSECTION (1) OF THIS SECTION, IS NOT ADOPTING OR 5 ENFORCING A BUILDING CODE FOR PURPOSES OF DETERMINING WHETHER 6 A GOVERNING BODY OF A MUNICIPALITY IS REQUIRED TO ADOPT AND 7 ENFORCE AN ENERGY CODE PURSUANT TO SECTION 31-15-602. 8(4) U PON THE REQUEST OF A MUNICIPAL OFFICIAL OR EMPLOYEE, 9 THE DEPARTMENT OF LOCAL AFFAIRS SHALL PROVIDE TECHNICAL 10 ASSISTANCE IN ADOPTING A BUILDING CODE OR AMENDING AN EXISTING 11 BUILDING CODE PURSUANT TO SUBSECTION (1) OF THIS SECTION. 12(5) A S USED IN THIS SECTION, UNLESS THE CONTEXT OTHERWISE 13 REQUIRES, "GROUP R-2 OCCUPANCY" MEANS A RESIDENTIAL OCCUPANCY 14 CONTAINING SLEEPING UNITS OR MORE THAN TWO DWELLING UNITS WHERE 15 THE OCCUPANTS ARE PRIMARILY PERMANENT IN NATURE. 16 SECTION 3. Act subject to petition - effective date. This act 17takes effect at 12:01 a.m. on the day following the expiration of the 18ninety-day period after final adjournment of the general assembly; except 19that, if a referendum petition is filed pursuant to section 1 (3) of article V 20of the state constitution against this act or an item, section, or part of this 21act within such period, then the act, item, section, or part will not take 22effect unless approved by the people at the general election to be held in 23November 2024 and, in such case, will take effect on the date of the 24official declaration of the vote thereon by the governor. -4-HB24-1239 52