For Immediate Release
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Contact: Charla Jackson Peter
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May 16, 2008
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(502) 564-7630, ext. 454
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Kentucky Housing Corporation Board of Directors
Finance and Executive Committees to Meet
The Finance Committee and the Executive Committee of the Kentucky Housing Corporation Board of Directors will meet Wednesday, May 21, 2008 at 1231 Louisville Road, Frankfort. The Finance Committee will meet at 1 p.m. and the Executive Committee will meet at 2:30 p.m. A copy of the agenda for each meeting accompanies this notice.
The press and public are invited to attend. Individuals requiring special accommodations to attend this meeting should contact Tracey Fitzgerald at least 24 hours in advance at (502) 564-7630 or (800) 633-8896, extension 241; TTY 711; or e-mail tfitzgerald@kyhousing.org.
FINANCE COMMITTEE AGENDA
I.
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Call to Order
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David A. Wombwell, Chairman
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A. Confirmation of Quorum
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B. Confirmation of Press Notice
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C. Public Participation (Public may raise issues not already on the agenda; limited to five minutes per speaker.)
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II.
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Consideration/Approval of Minutes of Meeting of October 17, 2007 (Motion)
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Chairman Wombwell
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III.
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Finance Report
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Derek VanMeter
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A. Report of Budgeted versus Actual Operating Fee
Income and Expenditures for the Nine Months-Ended March 31, 2008
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Derek VanMeter
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B. Presentation of Kentucky Housing Corporation's
March 31, 2008 Financial Statements
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Richard L. McQuady
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IV.
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Adoption of Annual Operating Budget
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Richard L. McQuady
Derek VanMeter
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Consideration of Recommendation of Resolution No. 27, Series of 2008 (Motion)
A RESOLUTION TO ADOPT THE BUDGETED OPERATING EXPENDITURES FOR THE HOUSING REVENUE BOND RESOLUTION FOR THE PERIOD JULY 1, 2008 THROUGH JUNE 30, 2009
Consideration of Recommendation of Resolution No. 28, Series of 2008 (Motion)
A RESOLUTION TO ADOPT THE ANNUAL BUDGET FOR THE HOUSING REVENUE BOND RESOLUTION FOR THE PERIOD JULY 1, 2008 THROUGH JUNE 30, 2009.
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V.
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Approval of the Annual Internal Audit Plan
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Kevin R. Field
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Consideration of Recommendation of Resolution No. 29, Series of 2008 (Motion)
A RESOLUTION APPROVING THE ANNUAL AUDIT PLAN FOR KENTUCKY HOUSING CORPORATION WHICH OUTLINES INTERNAL AUDIT ACTIVITIES FOR FISCAL YEAR 2009 AS REQUIRED BY THE INTERNATIONAL STANDARDS FOR THE PROFESSIONAL PRACTICE OF INTERNAL AUDITING.
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VI.
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Informational Items
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Chairman Wombwell
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VII.
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Items from the Committee or Staff (not on the agenda)
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Chairman Wombwell
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VII.
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Adjournment (Motion)
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EXECUTIVE COMMITTEE AGENDA
I.
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Call to Order
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Don Ball, Chairman
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A. Confirmation of Quorum
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B. Confirmation of Press Notice
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C. Public Participation (Public may raise issues not already on the agenda;
limited to five minutes per speaker.)
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II.
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Consideration/Approval of Minutes of the Meeting held April 10, 2008 (Motion)
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Chairman Ball
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III.
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Review of Proposals for Personal Service Contract for Legal Services
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Chairman Ball
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Consideration of Resolution No. 30, Series of 2008 (Motion)
A RESOLUTION RECOMMENDING APPROVAL BY THE BOARD OF DIRECTORS OF KENTUCKY HOUSING CORPORATION OF A PERSONAL SERVICE CONTRACT WITH THE LAW OFFICES OF _________________ FOR LEGAL SERVICES.
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Chairman Ball
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IV.
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Informational Items
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Chairman Ball
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V.
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Items from the Committee or Staff (not on agenda)
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Chairman Ball
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VI.
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Adjournment (Motion)
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Kentucky Housing Corporation - 1231 Louisville Road - Frankfort - Ky 40601-6191
www.kyhousing.org
Kentucky Housing Corporation, the state housing finance agency, was created by the 1972 General Assembly to provide affordable housing opportunities. As a self-supporting, public corporation, Kentucky Housing offers lower-than-market rate home mortgages, housing production financing, homeownership education/counseling, rental assistance, housing rehabilitation and supportive housing programs for special needs populations.
Kentucky Housing Corporation prohibits discrimination in employment based on race, color, religion, sex, national origin, sexual orientation, gender identity, ancestry, age, disability or veteran status.