For Immediate Release
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Contact: Charla Jackson Peter
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May 13, 2010
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(502) 564-7630, ext. 454
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Kentucky Housing Corporation Board of Directors
Program/Policy and Finance Committees to Meet
The Program/Policy Committee and the Finance Committee of the Kentucky Housing Corporation Board of Directors will meet Monday, May 17, 2010 at 1231 Louisville Road, Frankfort. The Program/Policy Committee will meet at 1 p.m. and the Finance 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 these meetings 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.
Program/Policy Committee Agenda
I. Call to Order
A. Confirmation of Quorum
B. Confirmation of Press Notice
C. Public Participation (Public may raise issues not
already on the agenda; limited to five minutes per
speaker.)
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P.G. Peeples,
Chairman
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II. Adoption of Kentucky Housing Corporation Fiscal Year 2011 Annual Allocation Plan
Consideration of Recommendation of Resolution 25, Series of 2010 (Motion)
A RESOLUTION TO ADOPT THE KENTUCKY HOUSING CORPORATION 2011 ANNUAL ALLOCATION PLAN DETAILING THE SOURCES AND USES OF FUNDS NECESSARY TO ADMINISTER THE CORPORATION’S PROGRAMS AND INITIATIVES.
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Richard L. McQuady
Susan Cottingham
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III. Informational Items
Foreclosures and Delinquencies Update
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Chairman Peeples
Brenda Weaver
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IV. Items from the Board or Staff (not on the agenda)
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V. Adjournment (Motion)
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Chairman Peeples
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Finance Committee Agenda
I. Call to Order
A. Confirmation of Quorum
B. Confirmation of Press Notice
C. Public Participation (Public may raise issues not
already on the agenda; limited to five minutes per
speaker.)
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David Wombwell, Chairman
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II. Consideration/Approval of Minutes of the Meeting Held September 23, 2009 (Motion)
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Chairman Wombwell
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III. Authorization to Renew the Personal Service Contract with Mountjoy Chilton Medley, LLP, for Audit of Financial Statements
Consideration of Recommendation of Resolution No. 26, Series of 2010 (Motion)
A RESOLUTION AUTHORIZING STAFF TO RENEW THE PERSONAL SERVICE CONTRACT WITH THE ACCOUNTING FIRM OF MOUNTJOY CHILTON MEDLEY, LLP, FOR FISCAL YEAR 2011 TO PERFORM THE ANNUAL COMPREHENSIVE AUDIT OF THE FINANCIAL BOOKS AND RECORDS OF THE CORPORATION IN AN AMOUNT NOT TO EXCEED $53,487.
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Richard L. McQuady
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IV. Approval of the Fiscal Year 2011 Annual Internal Audit Plan
Consideration of Recommendation of Resolution No. 27, Series of 2010 (Motion)
A RESOLUTION APPROVING THE ANNUAL AUDIT PLAN FOR KENTUCKY HOUSING CORPORATION WHICH OUTLINES INTERNAL AUDIT ACTIVITIES FOR FISCAL YEAR 2011 AS REQUIRED BY THE INTERNATIONAL STANDARDS FOR THE PROFESSIONAL PRACTICE OF INTERNAL AUDITING.
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Kevin R. Field
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V. Finance Report
A. Report of Budgeted versus Actual Operating Fee
Income and Expenditures for the Nine Months-Ended
March 31, 2010
B. Presentation of Kentucky Housing Corporation’s
March 31, 2010 Financial Statements
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Derek VanMeter
John D. Herald
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VI. Adoption of Annual Operating Budget
Consideration of Recommendation of Resolution No. 28, Series of 2010 (Motion)
A RESOLUTION TO ADOPT THE BUDGETED OPERATING EXPENDITURES FOR THE HOUSING REVENUE BOND RESOLUTION FOR THE PERIOD JULY 1, 2010 THROUGH JUNE 30, 2011.
Consideration of Recommendation of Resolution No. 29, Series of 2010 (Motion)
A RESOLUTION TO ADOPT THE ANNUAL BUDGET FOR THE HOUSING REVENUE BOND RESOLUTION FOR THE PERIOD JULY 1, 2010 THROUGH JUNE 30, 2011.
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Derek VanMeter
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VII. Informational Items
Financing Plan Update
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Chairman Wombwell
John D. Herald
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VIII. Items from the Board or Staff (not on the agenda)
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IX. Adjournment (Motion)
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Chairman Wombwell
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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.