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Homes and Community Renewal

2004-A-01: Operating Budget, Fiscal Year Ending March 31, 2006

To: All Housing Authority Executive Directors

From: Jane I. Berrie, Director Housing Management Bureau

Date: December 22, 2004

Subject: Operating Budget, Fiscal Year Ending March 31, 2006


In accordance with 9 NYCRR 1628 and the Management Bureau Procedural Bulletin dated December 30, 1968 ("Operating Budget Preparation -- For Local Housing Authorities"), we are enclosing, with the Executive Director's copy of this memorandum, the following forms which are needed to prepare your proposed operating budget for the fiscal year ending March 31, 2006:

These forms may be viewed in the PDF version of Management Bureau Memorandum 2004-A-01

Please note that the following procedures remain in effect:

In preparing your 2005-2006 budget, a review of income from all sources should be conducted to determine if there is a need for increased revenue in order to keep up with inflation.

Rent schedules should be revised when the projected budget nears or exceeds maximum State subsidy. Any revision of the rent schedules must be done in accordance with Management Bureau Memoranda #74-A-9 and #80-D-11 (copies attached). Evaluation of the need for increase should be done expeditiously, to assure that the necessary notification and approval requirements are met in advance of the planned implementation date. In addition, welfare rent schedules should be reviewed to ensure that they are at the maximum allowable levels.

Please submit the following to the address noted below no later than February 25, 2005:

NYS Division of Housing and Community Renewal
Housing Management Bureau
Attention: Ken Miller
25 Beaver Street
New York, New York 10004

If you have any questions about the preparation of your budget you may contact Ken Miller: Phone (212) 480-7355 or e-mail him at: KMiller@nyshcr.org.

-Jane I. Berrie

Last updated on 06/04/10