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Housing Commission of Anne Arundel County. Transitioning to Asset Management-Part 2 Kathleen Marcum Director of Finance. Budget season is always painful…. Meetings !. Timeline. First planning meeting in January 2005 Committees formed for each functional area

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housing commission of anne arundel county

Housing Commission of Anne Arundel County

Transitioning to Asset Management-Part 2

Kathleen Marcum

Director of Finance

slide3

Meetings !

Timeline

First planning meeting in January 2005

Committees formed for each functional area

Questionnaire, reviews, determination, game

plan in place by May

Phase I Target Implementation – July 1, 2005

Plan included buffer time for smoothing out the rough edges, changes etc.

Phase II Target Implementation – July 1, 2006

Property warehouses, COC, and Fees

For Services

Sub-Committee Meetings !

pha structure tomorrow the new central office
PHA Structure Tomorrow:The new Central Office

Property 1

150 units

Property 2

50 units

Property 3

100 units

HCV

600 units

Mgmt Fees/ Fees for Service

% Allocation/

Mgmt Fees

Central Office

Cost

Center

allowable fees
Allowable Fees:
  • Management Fee – 7475.1 REV Apr ‘07

- Baltimore 80th percentile=$49.63

- DC 80th percentile=$58.70

- HCAAC = $52.50

  • Asset Management Fee - $ 10 pum
  • Bookkeeping/IT Fee - $ 7.50 pum
fees for service
Fees for Service:
  • Central maintenance
  • Admissions & Occupancy
  • Safety fee
  • Turnaround crew fee
other programs
Other Programs

HCV program:

  • $12.00 PUM leased or 20% of admin fee
  • And $7.50 bookkeeping fee PUM leased

Capital Fund & RHF grants:

  • Admin fee of 3% of total grant
  • Up to 6% upon demonstration of reasonableness of fee
other programs12
Other Programs

Other PIH and HUD Grants:

  • 15% of grant amount as Mgmt. Fee or
  • Maximum grant allows

Non-Federal Programs:

  • “PHA may want to develop a fee structure in line with those authorized for federal programs”