RESOLUTION NO. ______
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE HOUSING
AUTHORITY OF THE CITY OF RICHMOND AUTHORIZING THE APPROVAL OF THE TITLE 2 CODE OF FEDERAL REGULATIONS 200 COMPLIANT
VERSION COST ALLOCATION PLAN
___________________________________________________________________________ WHEREAS, the Richmond Housing Authority (RHA) entered into a Public Housing Authority Recovery and Sustainability (PHARS) agreement with the U.S. Department of Housing and Urban Development (HUD); and
WHEREAS, RHA remains obligated and committed to performing all HUD required functions, and providing quality service to local program participants; and
WHEREAS, as part of the financial related tasks of the PHARS Agreement is to develop a HUD approved Title 2 Code of Federal Regulations 200 (2 CFR Part 200) Compliant Version Cost Allocation Plan (CAP) to be implemented for RHA budgets; and
WHEREAS, on July 27, 2021, the RHA Board of Commissioners approved consultant NBS to prepare the 2 CFR Part 200 compliant CAP; and
WHEREAS, the objective of the CAP is to quantify the costs incurred by the City of Richmond and establish a reasonable amount of costs to be recovered from HUD on behalf of RHA; and
WHEREAS, HUD responded that since the City of Richmond is considerably below the $100 million threshold the City just needs to develop a CAP and keep it on file for audit purposes; and
WHEREAS, HUD recommended that the RHA Board of Commissioners consider and approve the CAP once it has been completed; and
WHEREAS, the Fiscal Year (FY) 2022-23 CAP - Title 2 CFR, Part 200 compliant has been completed.
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSIONERS OF THE
HOUSING AUTHORITY OF THE CITY OF RICHMOND, COUNTY OF CONTRA COSTA, STATE OF CALIFORNIA authorizes the approval of the Title 2 Code of Federal Regulations 200 Compliant Version Cost Allocation Plan
BE IT FURTHER RESOLVED that the Executive Director is hereby authorized to take all actions necessary to implement this resolution.
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I certify that the foregoing resolution was passed and adopted by the Richmond Housing Authority Board of Commissioners held on April 18, 2023, by the following vote:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
______________________________
Chairperson
ATTEST:
_________________________
Secretary
Approved as to Form:
______________________________________
DAVID J. ALESHIRE
CITY ATTORNEY
CITY OF RICHMOND