2015

Edison Housing
Authority Budget

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edisonha.org
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Department Of
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Community
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Division of Local Government Services

2015
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(Name)			
			
HOUSING AUTHORITY BUDGET
FISCAL YEAR: FROM 	( I 4-) 	TO 	(0 
For Division Use Only
CERTIFICATION OF APPROVED BUDGET
It is hereby certified that the approved Budget made a part hereof complies with the requirements of law and the rules and regulations of the Local Finance Board, and approval is given pursuant to N.J.S.A. 40A:5A-11.
State of New Jersey
Department of Community Affairs
Director of the Division of Local Government Services

By:

Page C-1

CERTIFICATION OF ADOPTED BUDGET
It is hereby certified that the adopted Budget made a part hereof has been compared with the approved Budget previously certified by the Division, and any amendments made thereto. This adopted Budget is certified with respect to such amendments and comparisons only.
State of New Jersey
Department of Community Affairs
Director of the Division of Local Government Services

By:

P044/41/
Date:

Page C-2

2015 PREPARER'S CERTIFICATION
EDISON HOUSING AUTHORITY BUDGET
FISCAL YEAR: FROM: JULY 1, 2015 TO: JUNE 30, 2016
It is hereby certified that the Housing Authority Budget, including both the Annual Budget and the Capital Budget/Program annexed hereto, represents the members of the governing body's resolve with respect to statute in that: all estimates of revenue are reasonable, accurate and correctly stated; all items of appropriation are properly set forth; and in itemization, form and content, the budget will permit the exercise of the comptroller function within the Housing Authority.
It is further certified that all proposed budgeted amounts and totals are correct. Also, I hereby provide reasonable assurance that all assertions contained herein are accurate and all required schedules are completed and attached.
Preparer's Signature:	'	-	if- 6,e,,,,,..> 044	
Name:	)
Anthony G. olcari, CPA	
Title:	Fee Accountant	
Address:	2035 Hamburg Turnpike Unit H Wayne, NJ 07470	
Phone Number:	973-831-6969	Fax Number:	973-831-6972	
E-mail address	tony@polcarico.com	

2015 APPROVAL CERTIFICATION
EDISON HOUSING AUTHORITY BUDGET
FISCAL YEAR: FROM: JULY 1, 2015 TO: JUNE 30, 2016
It is hereby certified that the Housing Authority Budget, including all schedules appended hereto, are a true copy of the Annual Budget and Capital Budget/Program approved by resolution by the governing body of the Edison Housing Authority, at an open public meeting held pursuant to N.J.A.C. 5:31-2.3, on the 9th day of June, 2016.
It is further certified that the recorded vote appearing in the resolution represents not less than a majority of the full membership of the governing body thereof.
	Officer's Signature:	
Name:	Madeline Cook, PHM	
Title:	Executive Director	
Address:	14 Rev. Samuel Carpenter Boulevard Edison, NJ 08820	
Phone Number:	908-561-2525	Fax Number:	908-561-7517	
E-mail address	mcook@edisonha.org	

Page C-3

Page C-4

INTERNET WEB SITE CERTIFICATION
Authority's Web Address:	Edisonha.org
All authorities shall maintain either an Internet website or a webpage on the municipality's or county's Internet website. The purpose of the website or webpage shall be to provide increased public access to the authority's operations and activities. N.J.S.A. 40A:5A-17.1 requires the following items to be included on the Authority's website at a minimum for public disclosure. Check the boxes below to certify the Authority's compliance with N.J.S.A. 40A:5A-17.1.
A description of the Authority's mission and responsibilities
•	Commencing with 2013, the budgets for the current fiscal year and immediately preceding two
prior years
•	The most recent Comprehensive Annual Financial Report (Unaudited) or similar financial information
•	Commencing with 2012, the complete annual audits of the most recent fiscal year and immediately two prior years
•	The Authority's rules, regulations and official policy statements deemed relevant by the governing
body of the authority to the interests of the residents within the authority's service area or jurisdiction
•	Notice posted pursuant to the "Open Public Meetings Act" for each meeting of the Authority,
setting forth the time, date, location and agenda of each meeting
•	Beginning January 1, 2013, the approved minutes of each meeting of the Authority including all
resolutions of the board and their committees, for at least three consecutive fiscal years
•	The name, mailing address, electronic mail address and phone number of every person who
exercises day-to-day supervision or management over some or all of the operations of the Authority
•	A list of attorneys, advisors, consultants and any other person, firm, business, partnership.,
corporation or other organization which received any remuneration of $17,500 or more during the preceding fiscal year for any service whatsoever rendered to the Authority.
It is hereby certified by the below authorized representative of the Authority that the Authority's website or webpage as identified above complies with the minimum statutory requirements of N.J.S.A. 40A:5A-17.1 as listed above. A check in each of the above boxes signifies compliance.
Name of Officer Certifying compliance Title of Officer Certifying compliance Signature			Madeline Cook					
		Executive Director			

Page C-5

2015 HOUSING AUTHORITY BUDGET RESOLUTION
RESOLUTION 3-6-15 
EDISON HOUSING AUTHORITY
FISCAL YEAR: FROM: JULY 1, 2015	TO: JUNE 30, 2016
WHEREAS, the Annual Budget and Capital Budget for the Edison Housing Authority for the fiscal year beginning July 1, 2015 and ending, June 30, 2016 has been presented before the governing body of the Edison Housing Authority at its open public meeting of June 9, 2015; and
WHEREAS, the Annual Budget as introduced reflects Total Revenues of $ 6,223,089, Total Appropriations, including any Accumulated Deficit if any, of $ 6,212,289 and Total Unrestricted Net Position utilized of $-0-; and
WHEREAS, the Capital Budget as introduced reflects Total Capital Appropriations of $45,000 and Total Unrestricted Net Position planned to be utilized as funding thereof, of $-0-; and
WHEREAS, the schedule of rents, fees and other charges in effect will produce sufficient revenues, together with all other anticipated revenues to satisfy all obligations to the holders of bonds of the Authority, to meet operating expenses, capital outlays, debt service requirements, and to provide for such reserves, all as may be required by law, regulation or terms of contracts and agreements; and
WHEREAS, the Capital Budget/Program, pursuant to N.J.A.C. 5:31-2, does not confer any authorization to raise or expend funds; rather it is a document to be used as part of the said Authority's planning and management objectives. Specific authorization to expend funds for the purposes described in this section of the budget, must be granted elsewhere; by bond resolution, by a project financing agreement, by resolution appropriating funds from the Renewal and Replacement Reserve or other means provided by law.
NOW, THEREFORE BE IT RESOLVED, by the governing body of the Edison Housing Authority, at an open public meeting held on June 9, 2015 that the Annual Budget, including all related schedules, and the Capital Budget/Program of the Edison Housing Authority for the fiscal year beginning, July 1, 2015 and ending, June 30, 2016 is hereby approved; and
BE IT FURTHER RESOLVED, that the anticipated revenues as reflected in the Annual Budget are of sufficient amount to meet all proposed expenditures/expenses and all covenants, terms and provisions as stipulated in the said Housing Authority's outstanding debt obligations, capital lease arrangements, service contracts, and other pledged agreements; and
BE IT FURTHER RESOLVED, that the governing body of the Edison Housing Authority will consider the Annual Budget and Capital Budget/Program for adoption on July 14, 2015.

el 9 - 
(Secretary's Signature)	(Date)
Governing Body	Recorded Vote
Member:	Ayer	Nay
Carlos N. Sanchez Walter Szoludko Kathryn Neal
•	///
Chris Mazaskaus Ray Koperwhats
Reinaldo Cruz v/
Barry Telesnick	Abstain	Absent	

Page C-6

2015 ADOPTION CERTIFICATION
Edison
(Name)
AUTHORITY BUDGET
FISCAJ,YEAR: FROM: July 1, 2015	II): June 30, 2016
It is hereby certified that the Authority Budget and Capital Budget/Program annexed hereto is a true
copy of the Budget adoptedbythe governing body of the  Edisin Housing 	Authority, pursuant to
N.J.A.C. 5:31-2.3, on the 14tbay Ot  July	2015

	Officer's Signature:	
Name:	Madeline Cook	
Rae:	Executive Director/Secretary	
Address:	14 Rev. Samuel Carpenter Blvd. Edison, NJ 08820	
Phone Number:	908-561-2525	Fax Number:	908-561-7517	
E-mail address	mcook@edisonha.org	

2015 ADOPTED BUDGET RESOLUTION
Resolution 3-7-15 EDISON
(Name)
HOUSING AUTHORITY
FISCAL YEAR: FROM: 7/1/2015	TO: 6/30/2016
WHEREAS, the Annual Budget and Capital Budget/Program for the 	Edison 	Housing Autho. rity for the fiscal
year beginning July 1 	,2015  and ending,Jun.e 3022016has been presented for adoption before the governing
body of the  Edison	Housing Authority at its open public meeting of  7/14/15  ; and
WHEREAS, the Annual Budget and Capital Budget as presented for adoption reflects each item of revenue and appropriation in the same amount and title as set forth in the introduced and approved budget, including all amendments thereto, if any, which have been approved by the Director of the Division of Local Government Services; and
WHEREAS, the Annual Budget as presented for adoption reflects Total Revenues of $6,223,089 	, Total
Appropriations, including any Accumulated Deficit, if any, of $ 6,212,289 	and Total Unrestricted Net Position
utilized of $	—0— 	; and
WHEREAS, the Capital Budiet as presented for adoption reflects Total Capital Appropriations of $ 45,000  and Total
Unrestricted Net Position planned to be utilized of $ —0— 	; and
NOW, THEREFORE BE IT RESOLVED, by the governing body of  Edison	Housing Authority, at an open
public meeting held on 	July 14, 2015 	that the Annual Budget and Capital Budget/Program of the
Edison 	Housing Authority for the fiscal year beginning, 7 /1 / 2015 and, ending /3O/2016  is hereby
adopted and shall constitute appropriations for the purposes stated; and
BE IT FURTHER RESOLVED, that the Annual Budget and Capital Budget/Program as presented for adoption reflects each item of revenue and appropriation in the same amount and title as set forth in the introduced and approved budget, including all amendments thereto, if any, which have been approved by the Director of the Division of Local Government Services.

				July 14, 2015	
				(Date)	

Recorded Vote
Aye	Nay	Abstain	Absent

oee_i m,(J2-- 
(Secretary's Signature)
Governing Body Member
Carlos Sanchez Walter Szoludko Kathryn Neal Chris Mazauskas Ray Koperwhats Barry Telesnick Rinaldo Cruz

Page C-7

2015 HOUSING AUTHORITY BUDGET
Narrative and Information Section

2015 HOUSING AUTHORITY BUDGET MESSAGE &
ANALYSIS
EDISON HOUSING AUTHORITY
AUTHORITY BUDGET
FISCAL YEAR: FROM: JULY 1, 2015 TO: JUNE 30, 2016 Answer all questions below. Attach additional pages and schedules as needed.
1.	Complete a brief statement on the 2015 proposed Annual Budget and make comparison to the 2014
adopted budget. Explain any variances over +/-10% for each line item. Explanations of variances should
include a description of the reason for the increase/decrease in the budgeted line item, not just an
indication of the amount and percent of the change. Attach any supporting documentation that will help to
explain the reason for the increase/decrease in the budgeted line item. For example, if the anticipated
HUD Operating Subsidy has increased 15%, provide documentation that supports the increased HUD
Operating Subsidy to the Housing Authority.
Budgeted revenues are anticipated to be adequate to cover projected expenses for the budget year ended June 30, 2016, resulting in a moderate budget surplus from operations of $10,800. Anticipated revenues total $6,223,089; an increase of $208,424 (3.5%) as compared to the current year. Actual current year revenues are in line with budgeted amounts for all major budget categories. Total appropriations budgeted for the fiscal year ended June 30, 2016 are $6,212,289; an increase of $200,339 (3.3%) versus the current year. Management has been able to offset the impact of stagnant BUD subsidies by controlling variable expense categories for the past several years. NO revenue or expense categories vmy by more than 10% from the prior year.
2.	Complete a brief statement on the impact the proposed Annual Budget will have on Anticipated Revenues, especially service charges, and on the general purpose/component unit financial statements. Explain significant increases or decreases, if any. An increase or decrease is considered significant if it is over +/-10% from the current year adopted budget.
The proposed annual budget will have no significant impact on rents or service fees charged. Rental income is set by federal regulations at 30% of adjusted tenant income. As previously discussed, other increased or decreases in budget revenue are primarily a result in changes in HUD's level of subsidy funding. Total revenues have not changed significantly; a 3.5% increase in total revenue from the prior year is budgeted. Increases in expenses are due primarily to normal 47ationaly increases. The major increases in expenses are in the areas of employee benefit costs and housing assistance payments. The increase in employee benefit costs is due to projected rate increases. The increase in housing assistance payment expenses is based on the increase in incoming portability and is offset by the increase in other revenue (i.e. the reimbursement received from the issuing agency). Saltily expenses are increased moderately from 2015 to 2016 based on normal salty)/ increases and a contingency added for possible overtime in the maintenance department for snow emergencies. As a result, the proposed budget will not significantly impact the housing authority's financial statements.
3.	Describe the state of the local/regional economy and how it may impact the proposed Annual Budget, including the planned Capital Budget/Program.
The local / regional economy is weak, but stable. The effects of the economy have been considered in projecting tenant income and resulting rental income and housing assistance payments expense in the public housing and housing choice voucher programs. Thus, the state of the local / regional economy does not have a significant impact on the proposed budget.

4.	Describe the reasons for utilizing Unrestricted Net Position in the proposed Annual Budget, i.e. rate stabilization, debt service reduction, to balance the budget, etc. If the Authority's budget anticipates a use of Unrestricted Net Position, this question must be answered.
5.	Is the Authority required to implement project-based budgeting and asset management under HUD rules and regulations? If yes, has the Authority's governing body adopted a project-based budget? No. The housing authority is not required to implement project-based budgeting and accounting due to its size, but has chosen to prepare a project-based budget.
6.	The proposed budget must not reflect an anticipated deficit from 2015 operations. If there exists an accumulated deficit from prior years' budgets (and funding is included in the proposed budget as a result of a prior deficit) explain the funding plan to eliminate said deficit (N.J.S.A. 40A:5A-12). If the Authority has a net deficit reported in its most recent audit, it must provide a deficit reduction plan in response to this question.
N/A — the Authority does not have an accumulated deficit and does not anticipate a deficit in the proposed budget.
7.	Attach a schedule of the Authority's existing rate structure (rent, maintenance/utilities, etc.) and a schedule of the proposed rate structure for the upcoming fiscal year. Explain any proposed changes in the rate structure and attach the resolution approving the change in the rate structure, if applicable.
As previously noted rental income is governed by federal regulations and is equal to 30% of adjusted tenant income. Since the local economy is fairly stable, it is not anticipated that tenant incomes and resultant rents will differ significantly from the prior period. Thus, changes in rental rates will have no signVicant impact on this budget.
8.	Attach a copy of the Authority's most recent Annual Operating Data submission to the Municipal Securities Rulemalcing Board's Electronic Municipal Marketplace Access (EMMA) under the Authority's Continuing Disclosure Agreements for any debt issuances outstanding. Examples of Annual Operating Data may include rents and collections; number of tenants; number of available housing units; etc. See Local Finance Notice 2014-9 for more information. N/A The Authority does not have any debt outstanding at this time.
Page N-1

•	
Page N-2

HOUSING AUTHORITY CONTACT INFORMATION
2015
Please complete the following information regarding this Housing Authority. All information requested below must be completed.
Name of Authority:	Housing Authority of the Township of Edison	
Address:	14 Reverend Samuel Carpenter Boulevard	
City, State, Zip:	Edison	NJ	08820	
Phone: (ext.)	908-561-2525	Fax:	908-561-7517	

Preparer's Name:	Anthony G. Polcari, CPA Fee Accountant	
Preparer's Address:	2035 Hamburg Turnpike Unit H	
City, State, Zip:	Wayne	NJ	07470	
Phone: (ext.)	973-831-6969	Fax:	973-831-6972	
E-mail:	tony@polcarico.com			

Chief Executive Officer:	Madeline Cook			
Phone: (ext.)	908-561-2525	Fax:	908-561-7517	
E-mail:	mcook@edisonha.org			

Chief Financial Officer:
Phone: (ext.)	Fax:
E-mail:

Name of Auditor:	Anthony Giampaolo, CPA	
Name of Finn:	Hymanson, Parries & Giampaolo	
Address:	47 Lincroft-Middletown Road	
City, State, Zip:	Lincroft	NJ	07738	
Phone: (ext.)	732-842-4550	Fax:	732-842-4551	
E-mail:		

HOUSING AUTHORITY INFORMATIONAL
QUESTIONNAIRE
EDISON HOUSING AUTHORITY
FISCAL YEAR: FROM: JULY 1, 2015 TO: JUNE 30, 2016 Answer all questions below completely and attach additional information as required.
1) Provide the number of individuals employed in calendar year 2014 as reported on the Authority's Form W-3, Transmittal of Wage and Tax Statements: 14
2) Provide the amount of total salaries and wages for calendar year 2014 as reported on the Authority's Form W-3, Transmittal of Wage and Tax Statements: $589636.58
3) Provide the number of regular voting members of the governing body: 7
4) Provide the number of alternate voting members of the governing body: 0
5) Did any person listed on Page N-4 have a family or business relationship with any other person listed on Page N-4 during the current fiscal year? NO If "yes," attach a description of the relationship including the names of the individuals involved and their positions at the Authority.
6) Did all individuals that were required to file a Financial Disclosure Statement for the current fiscal year because of their relationship with the Authority file the form as required? YES If "no," provide a list of those individuals who failed to file a Financial Disclosure Statement and an explanation as to the reason for their failure to file.
7) Does the Authority have any amounts receivable from current or former commissioners, officers, key employees or highest compensated employees? NO If "yes," attach a list of those individuals, their position, the anzount receivable, and a description of the amount due to the Authority.
8) Was the Authority a party to a business transaction with one of the following parties:
a.	A current or former commissioner, officer, key employee, or highest compensated employee? NO
b.	A family member of a current or former commissioner, officer, key employee, or highest compensated employee? NO
c.	An entity of which a current or former commissioner, officer, key employee, or highest compensated employee (or family member thereof) was an officer or direct or indirect owner? NO
If the answer to any of the above is "yes," attach a description of the transaction including the name of the commissioner, officer; key employee, or highest compensated employee (or family member thereof) of the Authority; the name of the entity and relationship to the individual or family menzber; the amount paid; and whether the transaction was subject to a competitive bid process.
9) Did the Authority during the most recent fiscal year pay premiums, directly or indirectly, on a personal benefit contract? A personal benefit contract is generally any life insurance, annuity, or endowment contract that benefits, directly or indirectly, the transferor, a member of the transferor's family, or any other person designated by the transferor. NO If "yes," attach a description of the arrangement, the premiums paid, and indicate the beneficiary of the contract.
10) Explain the Authority's process for determining compensation for all persons listed on Page N-4. Include whether the Authority's process includes any of the following: 1) review and approval by the commissioners or a committee thereof; 2) study or survey of compensation data for comparable positions in similarly sized entities; 3) annual or periodic performance evaluation; 4) independent compensation consultant; and/or 5) written employment contract. Attach narrative. The Board of Commissioners approves all initial employee salaries based on a comparability analysis prior to the beginning of each fiscal year. Any increased granted during the fiscal year require Board approval, at which time an additional comparability analysis in performed. All employees are evaluated annually by their immediate supervisor and those evaluations are considered when determining compensation for the next fiscal year. Only the Executive Director serves under a written employment contract.
11) Did the Authority pay for meals or catering during the current fiscal year? NO. If "yes," attach a detailed list of all meals and/or catering invoices for the current fiscal year and provide an explanation for each expenditure listed.

12) Did the Authority pay for travel expenses for any employee or individual listed on Page N-4? If 'Yes," attach a detailed list of all travel expenses for the current fiscal year and provide an explanation for each expenditure listed. Yes, a schedule of travel and training costs for all individuals listed on Page N-4 is attached.
Page N-3 (1 of 2)

Page N-3 (2 of 2)

HOUSING AUTHORITY INFORMATIONAL
QUESTIONNAIRE (CONTINUED)
EDISON HOUSING AUTHORITY
FISCAL YEAR: FROM: JULY 1, 2015 TO: JUNE 30, 2016
13) Did the Authority provide any of the following to or for a person listed on Page N-4 or any other employee of the Authority:
a.	First class or charter travel NO
b.	Travel for companions NO
c.	Tax indemnification and gross-up payments NO
d.	Discretionary spending account NO
e.	Housing allowance or residence for personal use NO
f.	Payments for business use of personal residence NO
g.	Vehicle/auto allowance or vehicle for personal use NO
h.	Health or social club dues or initiation fees NO
i.	Personal services (i.e.: maid, chauffeur, chef) NO
If the answer to any of the above is "yes," attach a description of the transaction including the name and position of the individual and the amount expended.
14) Did the Authority follow a written policy regarding payment or reimbursement for expenses incurred by employees and/or commissioners during the course of Authority business and does that policy require substantiation of expenses through receipts or invoices prior to reimbursement? Yes. Under the housing authority's travel policy, staff and commissioners are provided a daily subsistence of $65.00 to cover meals. Other expenses such as akfare and hotel are either paid for directly by the authority or reimbursed to the employee or commissioner upon submission of invoices . If "no," attach an explanation of the Authority's process for reimbursing employees Did the Authority make any payments to current or former commissioners or employees for severance or termination? NO If "yes," attach explanation including amount paid.
15) Did the Authority make any payments to current or former commissioners or employees for severance or termination? NO. If "yes," attach explanation including amount paid.
16) Did the Authority make any payments to current or former commissioners or employees that were contingent upon the performance of the Authority or that were considered discretionary bonuses? NO If "yes," attach explanation including amount paid.
17) Did the Authority comply with its Continuing Disclosure Agreements for all debt issuances outstanding by submitting its audited annual financial statements, annual operating data, and notice of material events to the Municipal Securities Rulemalcing Board's Electronic Municipal Marketplace Access (EMMA) as required? N/A — The Authority has no debt outstanding. If "no," attach a description of the Authority's plan to ensure compliance with its Continuing Disclosure Agreements in the future.
18) Did the Authority receive any notices from the Department of Housing and Urban Development or any other entity regarding maintenance or repairs required to the Authority's facilities to bring them into compliance with current regulations and standards that it has not yet taken action to remediate? No If 'Yes," attach explanation as to why the Authority has not yet undertaken the required maintenance or repairs and describe the Authority's plan to address the conditions identified.
19) Did the Authority receive any notices of fines or assessments from the Department of Housing and Urban Development or any other entity due to noncompliance with current regulations? No If 'Yes," attach a description of the event or condition that resulted in the fine or assessment and indicate the anzoluzt of the fine or assessment.
20) Has the Authority been deemed "troubled" by the Department of Housing and Urban Development? No If "yes," attach an explanation of the reason the Authority was deemed "troubled" and describe the Authority's plan to address the conditions identified.

Detail of Travel Expense
For the Fiscal Year Ended June 30, 2014
Information in support of Question 12 of Page N-3
NAME
NJAHRA
NJNAHRO
PHADA
NJNAHRO
NJAHRA
Atlantic Club Casino Hotel
Veronica Mickens
Cheryl Monden
Walter Szoludko
Carlos N. Sanchez
Michelle Thorne
Jolanta Kubacka
Judith Long
Reinaldo Cruz
Carlos N. Sanchez
Walter Szoludko
Kathryn Neal
Raymond Koperwhats
Christopher Mazauskas
Barry Telesnick
Madeline Cook
Nan McKay and Associates
NJAHRA
Reinaldo Cruz
Reinaldo Cruz
Cheryl Monden
Cheryl Monden
Nestor Lopez
Jolanta Kubacka
Jocelyn Silva
Harrah's Atlantic City
Walter Szoludko
Carlos N. Sanchez
Reinaldo Cruz
Madeline Cook
Raymond Koperwhats
Various	CONFERENCE
Conference Registration - Kubacka, Monden, Cook, Szoludko, Long & Thor Conference Registration - Cook, Sanchez, Szoludko, Koperwhats & Cruz Conference Registration - Koperwhats, Sanchez .& Cruz
Registration - Cook, Cruz & Szoludko
Dec. meeting - Cook, Long, Nmickens, Monden, Szoluidko, Sanchez' Lodging - NJAHRA Conference
Daily Subsistence & travel - NJAHRA Conference Daily Subsistence & travel - NJAHRA Conference Daily Subsistence & travel - NJAHRA Conference Daily Subsistence & travel - NJAHRA Conference Daily Subsistence & travel - NJAHRA Conference Daily Subsistence & travel - NJAHRA Conference Daily Subsistence - NJAHRA Conference reimbursement for local travel to meetings reimbursement for local travel to meetings reimbursement for local travel to meetings reimbursement for local travel to meetings reimbursement for local travel to meetings reimbursement for local travel to meetings reimbursement for local travel to meetings Daily subsistence & travel NJ/NAHRO annual meeting
Training - PHM Training fofr Cheryl Monden - Portland, Maine
Training Registrations - Mickens, Monen, Kuacka & Silva
Rutgers Center for Govt. Services - training required by State of NJ DCA Rutgers Center for Govt. Services - training required by State of NJ DCA Travel & Hotel for PHM Training
Daily subsistence for PHM Training Reimbursement for local travel
Reimbursement for local travel
Reimbursement for local travel
Lodging NJ NAHRO Convention - Cook, Sanchez, Szoludko, Koperwhats & Daily subsistence & travel NJ/NAHRO annual meeting
Daily subsistence & travel NJ/NAHRO annual meeting
Daily subsistence & travel NJ/NAHRO annual meeting
Daily subsistence & travel NJ/NAHRO annual meetin,g
NJNAHRO Conference daily subsistence plus tolls &Imileage to AC
Cheryl Monden, Petty Cashier - local travel paid through petty cash	DATES
9/22/13 - 9/24/13
11/20/13 to 11/22/13
1/12/14 to 1/16/14
3/21/2014
12/6/2013 9/22/13 to 9/24/13 9/22/13 to 9/24/13 9/22/13 to 9/24/13 9/22/13 to 9/24/13 9/22/13 to 9/24/13 9/22/13 to 9/24/13 9/22/13 to 9/24/13 9/22/13 to 9/24/13
various
various
various
various
various
various
various
11/20 13- 11/22/13
5/12/14 to n5/14/14
6/11/2014
10/23/2013
5/5/2014
5/12/14 to n5/14/14
5/12/14 to n5/14/14
various
various
various 11/19/13 to 11/22/13 11/19/13 to 11/22/13 11/19/13 to 11/22/13 11/19/13 to 11/22/13 11/19/13 to 11/22/13 11/19/13 to 11/22/13
Various	EXPENSE
$	3,125.00
1,925.00 1,320.00 1,340.00 360.00 807.12 333.00 333.00
**
333.00
**
333.00
333.00
333.00
**
215.00
**
200.00
**
200.00
**
187.50
**
200.00
**
175.00
**
162.50
**
125.00 395.00 1,192.50 300.00
**
525.00
**
2,400.00 1,523.48 390.00 187.50 25.84 12.19 1,089.26
**
395.00
**
330.00
**
330.00
398.00
**
395.00
567.09	

Detail of Travel Expense
For the Fiscal Year Ended June 30, 2014
Information in support of Question 12 of Page N-3
NAME	CONFERENCE
Reinaldo Cruz	PHADA - reimburse for airfare to Orlando, FL
Raymond Koperwhats	PHADA - reimburse for airfare to Orlando, FL
Carlos N. Sanchez	Hyatt Regency Grand Cypress
Raymond Koperwhats	Hyatt Regency Grand Cypress
Reinaldo Cruz	Hyatt Regency Grand Cypress
Carlos N. Sanchez	PHADA Conference - daily subsistence @ $65 per day
Raymond Koperwhats	PHADA Conference - daily subsistence @ $65 per day
Reinaldo Cruz	PHADA Conference - daily subsistence @ $65 per day
Reinaldo Cruz	Car Rental for all attendees at PHADA Orlando conferfence
Resorts Atlantic City	Hotel - NJ/NAHRO annual meeting - Cook, Szoludko & Cook
Madeline Cook	Daily subsistence & milage to AC - NJ/NAHRO annual meeting
Walter Szoludko	Daily subsistence & milage to AC - NJ/NAHRO annual meeting
Reinaldo Cruz	Daily subsistence & milage to AC - NJ/NAHRO annual meeting
TOTAL TRAVEL EXPENSE FOR FYE 6/30/14
* Denotes employee included on Schedule N-4 of budget for FYE 6/30/16. ** Denotes Commissioner	DATES 1/12/14 to 1/16/14 1/12/14 to 1/16/14 1/12/14 to 1/16/14 1/12/14 to 1/16/14 1/12/14 to 1/16/14 1/12/14 to 1/16/14 1/12/14 to 1/16/14 1/12/14 to 1/16/14 1/12/14 to 1/16/14 4/22/14 to 4/25/15 4/22/14 to 4/25/14 4/22/14 to 4/25/14 4/22/14 to 4/25/14	EXPENSE 310.80 349.80 850.50 850.50 850.50 325.00 325.00 325.00 139.52 581.40 391.00 369.00 391.00	** ** ** ** ** ** ** ** **
*
**
**	
		$	28,856		

AUTHORITY SCHEDULE OF COMMISSIONERS, OFFICERS, KEY EMPLOYEES,
HIGHEST COMPENSATED EMPLOYEES AND INDEPENDENT CONTRACTORS
EDISON HOUSING AUTHORITY
FISCAL YEAR: FROM: JULY 1, 2015 TO: JUNE 30, 2016
Complete the attached table for all persons required to be listed per #1-4 below.
1)	List all of the Authority's current commissioners and officers and amount of compensation from the Authority and any other public entities as defined below. Enter zero if no compensation was paid.
2)	List all of the Authority's key employees and highest compensated employees other than a commissioner or officer as defmed below and amount of compensation from the Authority and any other public entities.
3)	List all of the Authority's former officers, key employees and highest compensated employees who received more than $100,000 in reportable compensation from the Authority and any other public entities during the most recent fiscal year completed.
4)	List all of the Authority's former commissioners who received more than $10,000 in reportable compensation from the Authority and any other public entities during the most recent fiscal year completed.
Commissioner: A member of the governing body of the authority with voting rights. Include alternates for purposes of this schedule.
Officer: A person elected or appointed to manage the authority's daily operations at any time during the year, such as the chairperson, vice-chairperson, secretary, or treasurer. For the purposes of this schedule, treat the authority's top management official and top financial official as officers. A member of the governing body may be both a commissioner and an officer for the purposes of this schedule.
Key employee: An employee or independent contractor of the authority (other than a commissioner or officer) who meets both of the following criteria:
a)	The individual received reportable compensation from the authority and all other public entities in excess of $150,000 for the most recent fiscal year completed; and
b)	The individual has responsibilities or influence over the authority as a whole or has power to control or determine 10% or more of the authority's capital expenditures or operating budget.
Highest compensated employee: One of the five highest compensated employees or independent contractors of the authority other than current commissioners, officers, or key employees whose aggregate reportable compensation from the authority and other public entities is greater than $100,000 for the most recent fiscal year completed.
Compensation: All forms of cash and non-cash payments or benefits provided in exchange for services, including salaries and wages, bonuses, severance payments, deferred payments, retirement benefits, fringe benefits, and other financial arrangements or transactions such as personal vehicles, meals, housing, personal and family education benefits, below-market loans, payment of personal or family travel, entertainment, and personal use of the Authority's property. Compensation includes payments and other benefits provided to both employees and independent contractors in exchange for services.
Reportable compensation: The aggregate compensation that is reported (or is required to be reported) on Form W2, box 1 or 5, whichever amount is greater, and/or Form 1099-MISC, box 7, for the most recent calendar year ended 60 days before the start of the proposed budget year. For example, for fiscal years ending December 31, 2015, the calendar year 2013 W-2 and 1099 should be used (60 days prior to start of budget year is November 1, 2014, with 2013 being the most recent calendar year ended), and for fiscal years ending June 30, 2016, the calendar year 2014 W-2 and 1099 should be used (60 days prior to start of budget year is May 1, 2015, with 2014 being the most recent calendar year ended).
Other Public Entity: Any municipality, county, local authority, fire district, or other government unit, regardless of whether it is related in any way to the Authority either by function or by physical location.
Page N-4 (1 of 2)

Page NA (2 of 21

AuthoritySchedule.of Commissioners, Officers, Key Employees, Highest Compensated Employees and.ln dependent, Contractors (Continued)
For the Period	July 1,2015	to
Position	Edison NeusingAutherity
June 30, 2016
Reportable Compensation from Authority
(W-2/ 1099)		
		.
•	Former
.I-fighest Compensated
Employee
Key Employee
óltleer
Commissioner
.	.		Otheriauto '
allowance,
expense	Estimated
amount °father
corn0ensation	•
.	Parnes otOther	Averagetipeis •
•	Public Entities	per Week	-
where	Dedicated to	eportable	'Estimated meunt
rif other '
compensation (corn
Other Public Entities			
		Averageliours,
per.Week			account,
paymentin	from the
AUthoiity	•
Toter	:		. Indlyidual3s an	Prisitlens field	Positions at
	EmPloyee•or	at Other Public	Other Publie	Compensation
•	from-Other	(health benefits, pension, payment fn	Total
Compensation		
Name	Title	Dedicated to ': Position		Bate Sal
Stipend	Bonus	lieq.of health
benefits, etc.).	(health benefits, ' pension, etc.)	Compensation ! from Authority i	Vemberof the Entities °stadia Entities listed in
Governing Body	Column 0	Columns°	public Entities LW-El 1099}1099}	lieu-of health
benefits, eic.-)	All Public
'Entities		
1 Madeline
2 Carlos	Cocik Sandie:	40
I	X
x	X	$	102,762	5
-	-	$	-
-	$	18,000
..	$	120,762,	N/A.	N/A	N/A	0	$	-	$	120,762
-		
t‘Christonher	Mazausk.as		lx	.	4650444	-	-	..-1,".	l•			tee° 0;40 ea	-		
4 Barry	Telesnick	1	x				-	-	N/A	WA	N/A	0.	-	-	_....1	
5 Kathryn	Neal	1	r		-	-		s:	N/A	N/A	N/A	O.		-		
a Walter	Ettoludfto	1	x		-	-	'	•	-	N/A	N/A	N/A		-	-		
7 Ray	Koperwhats	1	x			u	-	-	-	N/A	IVA	N/A	0		.		
8 Reipaldo	Cruz	1	r		-	-	-	-	-	N/A s	N/A	N/A	0		-		
9
10
11	,							..,
_:				_
_
.		
1.2
13								.
•	'				_
_		
14								"				-		
15			•					-				-		

	s	120,762	

Enter the total number of employees/ Independent contractors•who received more than $loo,oao in total reportable conipensation fOr the most recent fiscal year completed:		
	(pi 3 ci 7-,		Pf ts-)Qc:.& 	

For the Period	July 1, 2015	to	June 30, 2016	

Edison Housing Authority

Reportable Compensation from Authority
Position	(W-2/ 1099)
		Average Hours per Week	Former
Highest Compensated
Employee
Key Employee
Officerl
Commissioner',			Other (auto allowance, expense account, payment in	Estimated
amount of other
compensation
from the
Authority	Total	Names of Other	Average Hours
Public Entities	per Week
where	Dedicated to
individual is an	Positions held	Positions at
Employee or	at Other Public	Other Public	Reportable
Compensation
from Other	Estimated amount
of other
compensation from
Other Public Entities
(health benefits,
pension, payment In	Total
Compensation	
Name	Title	Dedicated to
Position		Base Salary/ Stipend	Bonus	lieu of health benefits, etc.)	(health benefits, pension, etc.)	Compensation from Authority	Member of the Entitles Listed In Entities Listed in
Governing Body	Column 0	Column 0	Public Entitles
(W-2/ 1099)	lieu of health
benefits, etc.)	All Public
Entities	
1 Madeline	Cook	40		X	X	$	102,762	$	.	$	-	$	18,000	$	120,762	N/A	N/A	N/A	0	$	-	$	120,762	
2 Carlos	Sanchez	F.-) •	lx				f •WORitarr	-			-		Cliett 0 1-•	eets6( Cr 4-j			
3 Christopher	Mazauskas	1	x				-	-	-	-	eivzk:o	pc-ct m . ,i	`-tAJ	1 \ 3,0V	30)06-0	) La/ 6-651	
4 Barry	TelesnIck	1	x			-	-	-	-	-	N/A	N/A	N/A	0	-	-	
$ Kathryn	Neal	1	x			-	-	-	-	-	N/A	N/A	N/A	0	-	-	
6 Walter	Szzoiudko	1	x			-	-	-	-	-	N/A	N/A	N/A	0	-	-	
7 Ray	Koperwhats	1	x			-	-	-	-	-	N/A	N/A	N/A	0		-	
8 Relnaldo	Cruz	1	x			-	-	-	-	-	N/A	N/A	N/A	0		-	
9										-				.	
0										-				-	
									1						
2										-					
3										_				_	
4										"				"	
5										-					

Total:	$ 102,762	18,000	120,762

-	120,762	

Page Nal (2 of 2)

Enter the total number of employees/ Independent contractors who received more than $100,000 In total reportable compensation for the most recent fiscal year completed:

Edison Housing Authority
For the Period	July 1,2015	to	June 30, 2016

# of Covered
Members (Medical
& Rx) Proposed
Budget	Annual Cost Estimate per
Employee
Proposed
Budget	Total Cost
Estimate
Proposed
Budget	# of Covered
Members
(Medical & Rx)
Current Year	Annual Cost
per Employee
Current Year	Total Current $ Increase % Increase
Year Cost	(Decrease) (Decrease)	

#DIV/01 #DIV/01 #DIV/01 #DIV/01 #DIV/01 #DIV/01
#DIV/01 #DIV/01 #DIV/01 #DIV/01 #DIV/01 #DIV/01
#DIV/01 #DIV/01 #DIV/01 #DIV/01 #DIV/01 #DIV/01
#DIV/01

.. •
01.
0	0

Active Employees - Health Benefits - Annual Cost 
Single Coverage
Parent & Child
Employee & Spouse (or Partner)
Family
Employee Cost Sharing Contribution (enter as negative - )
Subtotal
Commissioners - Health Benefits - Annual Cost 
Single Coverage
Parent & Child
Employee & Spouse (or Partner)
Family
Employee Cost Sharing Contribution (enter as negative -)
Subtotal
Retirees - Health Benefits - Annual Cost 
Single Coverage
Parent & Child
Employee & Spouse (or Partner)
Family
Employee Cost Sharing Contribution (enter as negative - )
Subtotal
GRAND TOTAL

Page N-5

Is medical coverage provided by the SHBP (Yes or No)?
Is prescription drug coverage provided by the SHBP (Yes or No)?

Page N-6

ear ••• • • •••• 'an •••• • va•• •••• • • I..." •• yin. • • • Ire • •••• .81 •••• ••• ma • •••• Ina, • • a •• 7 • NI* • v.* v•• • ma	V. • • fur V •,/ • •V NV V
Edison Housing Authority
For the Period	July 1,2015	to	June 30, 2016
Complete the below table for the Authority's accrued liability for compensated absences.
Legal Basis for Benefit (check applicable items)
Dollar Value of Accrued
	Gross Days of Accumulated	Compensated
	Compensated Absences at	Absence
Individuals Eligible for Benefit	beginning of Current Year	Liability	Approved Labor
Agreement	Resolution	Individual
Employment Agreement	
See Attached Schedule	1,724 hours = 215 days	$	39,724	x		x	
Accrual for accumulated sick pay is capped at						
$7,500 for all individual employees						

						

						

						

Total liability for accumulated compensated absences at beginning of current year  $	39,724 

ACCRUED COMPENSATED ABSENCES
FYE JUNE 30, 2014
	UNUSED
VACATION	UNUSED
SICK	HOURLY
RATE OF	ACCRUED
VACATION	ACCRUED
SICK		PUBLIC HOUSING BY AMP		
EMPLOYEE	HOURS	HOURS	PAY	PAY	PAY		COCC	RE-1	JCE	
Cook, Madeline	180.00	169.00	58.16	5,234.82	7,500.00	(1)	12,734.82			
Dimayuga, Eduardo	40.50	6.50	29.46	596.56	191.49			788.04		
Geva, Antonio	0.24		22.44	2.69				2.69		
Kubacka, Jolanta	77.00	49.50	21.28	819.28	1,053.36				1,872.64	
Long, Judy	2.25	-	32.03	36.03				18.02	18.02	
Lopez, Nester	44.50	36.50	21.28	473.48	776.72				1,250.20	
Silva, Jocelyn	122.96	86.00	25.77	1,584.30	2,216.17		3,800.48			
Monden, Cheryl			16.82							
Webb, Marc	136.00	245.50	22.81	1,551.08	5,599.86			7,150.94		

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Mickens, Veronica	134.00	95.25	22.95	1,537.65	2,185.99	
Thorne, Michelle	114.00	184.50	22.95	1,308.15	4,234.28	

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	PHA	VOUCHER	TOTAL				
Current Portion	2,975.00 TB	997.49 TB	3,972.49	1,780.03	856.86	338.11	
Non- Current Portion	26,774.99 TB	8,977.42 TB	35,752.41	16,020.23	7,711.74	3,043.02	
	$29,749.99	$	9,974.92	$ 39,724.90	$	17,800.25	$	8,568.60	$	3,381.13	

(1) Per employment contract, the Executive Director shall receive the lesser of 120 days value or $7,500 for unused sick time.

A-f--7,61.04e-frtr-f- tv A1-1

Page N-7

Edison Housing Authority
For the Period	July 1, 2015	to	June 30, 2016
Thter the shared service agreements that the Authority currently engages in and identify the amount that is received/paid for those services.
Amount to be
Agreement	Received by/
Comments (Enter more specifics if	Effective Agreement	Paid from

JOT APPLICABLE

Name of Entity Providing Service	Name of Entity Receiving Service	Type of Shared Service Provided	needed)	Date	End Date	Authority

2015 HOUSING AUTHORITY BUDGET
Financial Schedules Section

For the Period	Edison Housing Authority
July 1, 2015	to	June 30, 2016	

Proposed Budget	$ Increase	% Increase
(Decrease)	(Decrease)
Current Year	Proposed vs. Proposed vs.
Adopted Budget	Current Year Current Year	

Public Housing	Housing	Total All	Total All

REVENUES
Total Operating Revenues Total Non-Operating Revenues
Total Anticipated Revenues APPROPRIATIONS
Total Administration
Total Cost of Providing Services
Net Principal Payments on Debt Service in Lieu of Depreciation

Management	Section 8	Voucher	Other Programs	Operations	Operations	All Operations All Operations

$	1,505,100	-	$ 4,304,489	$	12,500	$ 5,822,089	$	5,636,865	$	185,224	3.3%	
3,000			398,000	401,000	377,800	23,200	6.1%	
1,508,100	4,304,489		410,500	6,223,089	6,014,665	208,424	3.5%	
472,950	315,824		33,000	821,774	780,969	40,805	5.2%	
1,032,500	3,988,515		369,500	5,390,515	5,230,981	159,534	3.0%	

#D IV/01

Total Operating Appropriations	1,505,450	-	4,304,339	402,500	6,212,289		6,011,950		200,339	3.3%	
Net Interest Payments on Debt
Total Other Non-Operating Appropriations Total Non-Operating Appropriations
Accumulated Deficit								#DIV/01
#D1V/01
#DIV/01
#DIV/01	

									

Total Appropriations and Accumulated
Deficit	1,505,450	4,304,339	402,500	6,212,289	6,011,950	200,339	3.3%
Less: Total Unrestricted Net Position Utilized  	#DIV/01
Net Total Appropriations	1,505,450	-	4,304,339	402,500	6,212,289	6,011,950	200,339	3.3%
ANTICIPATED SURPLUS (DEFICIT)	$	2,650 $	- $	150 $	8,000 $	10,800	$	2,715	$	8,085	297.8%

F-1

2015 Revenue Schedule
For the Period	Edison Housing Authority
July 1, 2015	to	June 30,2016	

Total All
Operations

All Operations All Operations

Proposed Budget 
Public Housing	Housing
Management Section 8	Voucher	Other Programs

Current Year
Adopted Budget
Total All
Operations

$ Increase (Decrease) Proposed vs. Current Year 

% Increase (Decrease) Proposed vs. Current Year

$	$	-
-..	-
12,000	695,000	643,463	51,537
	-	-	_
	8,000	7,706	294
	810,000	809,632	368
-
	3,804,489	3,709,699	94,790 
	12,000 5,317,489	5,170,500	146,989

#D1V/01
8.0%
#DIV/01
3.8%
0.0%
#DIV/0!
2.6%
2.8%

:RATING REVENUES tal Fees
Homebuyers' Monthly Payments
Dwelling Rental	683,000
Excess Utilities
Non-Dwelling Rental	8,000
HUD Operating Subsidy	810,000
New Construction - Acc Section 8
Voucher - Acc Housing Voucher 	3,804,489
Total Rental Fees	1,501,000	-	3,804,489

8.1%
6.1%
#DIV/0!
#DIV/0!
8.2%
3.3%

500,000	500,000	462,500	37,500
4,100	4,100	3,865	235
500	500	500

?I' Operating Revenues (List) ncoming Portability HAP fenant Charges / Late Fees Sitanagement Fees
Dther Revenue 4

500	504,600	466,365	38,235
	12,500 5,822,089	5,636,865	185,224

Total Other Revenue	4,100	500,000 
Total Operating Revenues	1,505,100	4,304,489 
1-OPERATING REVENUES
/Ls & Entitlements (List)

	395,000	395,000	372,000	23,000
	1,000	1,000	1,000

6.2% #DIV/01 #DIV/0! #DIV/0!

24,000	6.5%

Ihelter Plus Care Program
:ommunity Developmemt Block Grant
3rant 113
irant #4

396,000	396,000

372,000

Total Grants & Entitlements
I Subsidies & Donations (List)

1,1DIV/01 #DIV/01 #DIV/0! #DIV/01 #DIV/01

ocal Subsidy #1
ocal Subsidy #2
ocal Subsidy #3
ocal Subsidy #4
Total Local Subsidies & Donations
est on Investments & Deposits

2,000

5,000

5,800

(800)	-13.8%
#DIV/0! #DIV/01 11DIV/01
(800)	-13.8%

westments	3,000
ecurity Deposits enalties
/ther Investments

2,000

5,000

5,800

Total Interest	3,000
r Non-Operating Revenues (List)

#DIV/0! #DIV/0! #DIV/0! IIDIV/01 #DIV/0!
	23,200	6.1%
	$ 208,424	3.5%

Ither Non-Operating #1
Ither Non-Operating #2
Ither Non-Operating #3
Ither Non-Operating #4
Other Non-Operating Revenues

398,000	401,000

377,800

Total Non-Operating Revenues 	3,000 

410,500 $ 6,223,089	$

6,014,665

IL ANTICIPATED REVENUES	$ 1,508,100 $	- $ 4,304,489 $

F-2

F-3

2014 Revenue Schedule
Edison Housing Authority
For the Period	July 1, 2015	to	June 30, 2016
ERATING REVENUES ntal Fees
Homebuyers' Monthly Payments		Current Year Adopted Budget		
	Management	Section 8	Voucher	Other Programs	Operations	
					
Dwelling Rental	643,463			643,463	
Excess Utilities					
Non-Dwelling Rental	7,706			7,706	
HUD Operating Subsidy	809,632			809,632	
New Construction - Acc Section 8					
Voucher - Acc Housing Voucher		3,709,699		3,709,699	
Total Rental Fees
pier Operating Revenues (List)	1,460,801	3,709,699		5,170,500	
Incoming Portability HAP		462,500		462,500	
Community Room Rental	3,865			3,865	
Other Revenue 3					
Other Revenue 4					
Total Other Revenue	3,865	462,500		466,365	
Total Operating Revenues	1,464,666	4,172,199		5,636,865	
)N-OPERATING REVENUES					
7nts & Entitlements (List)					
Shelter Plus Care Program			372,000	372,000	
Grant #2					
Grant #3					
Grant #4					
Total Grants & Entitlements			372,000	372,000	
:al Subsidies & Donations (List)					
Local Subsidy #1					
Local Subsidy #2					
Local Subsidy #3					
Local Subsidy #4					
Total Local Subsidies & Donations					
-erest on Investments & Deposits					
Investments	1,500	800	3,500	5,800	
Security Deposits					
Penalties					
Other Investments					
Total Interest
her Non-Operating Revenues (List)	1,500	800	3,500	5,800	
Other Non-Operating #1					
Other Non-Operating #2					
Other Non-Operating #3					
Other Non-Operating #4					
Other Non-Operating Revenues					
Total Non-Operating Revenues	1,500	800	375,500	377,800	
)TAL ANTICIPATED REVENUES	$	1,466,166	$	-	$ 4,172,999	$	375,500	$ 6,014,665	

F-4

2015 Appropriations Schedule
Edison Housing Authority
For the Period	July 1, 2015	to	June 30, 2016
$ Increase	% Increase
(Decrease)	(Decrease)
Current Year	Proposed vs. Proposed vs.
Proposed Budget 	Adopted Budget	Current Year Current Year 
Public Housing	Housing	Total All	Total All
Management	Section 8	Voucher	Other Programs	Operations	Operations	All Operations All Operations
RATING APPROPRIATIONS inistration
;Wary & Wages	$	245,000	$ 127,720 $	20,000 $ 392,720	$	383,367	$	9,353	2.4%
'singe Benefits	117,000	84,500	1,500	203,000	186,052	16,948	9.1%
egal	27,000	8,500	35,500	33,700	1,800	5.3%
,taff Training	11,000	4,000	15,000	14,000	1,000	7.1%
'ravel	7,800	6,000	13,800	13,000	800	6.2%
•	ccounting Fees	32,000	32,000	31,000	1,000	3.2%
•	uditing Fees	6,150	3,850	10,000	9,800	200
Aiscellaneous Administration*	27,000	81,254	11,500	119,754	110,050	9,704	8.8%
Total Administration	472,950	315,824	33,000	821,774	780,969	40,805	5.2%
of Providing Services
alary & Wages -Tenant Services	-	-	ADIV/0!
alary & Wages - Maintenance & Operation	215,000	215,000	207,870	7,130	3.4%
alary & Wages - Protective Services	-	.	liDIV/01
alary & Wages - Utility Labor	-	-	..	tIDIV/01
ringe Benefits	115,100	115,100	109,086	6,014	5.5%
enant Services	1,000	1,000	1,000	_	0.0%
Itilities	419,500	419,500	413,000	6,500	1.6%
Aaintenance & Operation	185,000	6,000	191,000	179,000	12,000	6.7%
rotective Services	-	-	ADIV/O!
isurance	63,000	5,900	500	69,400	67,700	1,700	2.5%
ayment in Lieu of Taxes (PILOT)	24,400	24,400	23,046	1,354	5.9%
erminal Leave Payments	-	-	A0IV/01
ollection Losses	10,500	10,500	10,000	500	5.0%
ither General Expense	-	tIDIV/Ol
ents	3,982,615	362,000	4,344,615	4,220,279	124,336	2.9%
xtraordinary Maintenance	-	-	ADIV/01
eplacement of Non-Expendible Equipment	14DIV/01
roperty Betterment/Additions	SIDIV/0!
liscellaneous COPS*  	ADIV/0!
Total Cost of Providing Services	3.0%
'rincipal Payments on Debt Service in Lieu of
eciation	1101 V/0
Total Operating Appropriations	1,505,450	4,304,339	402,500	6,212,289	3.3%
•	

14DIV/01 14DIV/0! fIDIV/0! tIDIV/01 ADIV/01
6,011,950	200,339	3.3%
UDIV/0!

OPERATING APPROPRIATIONS Dterest Payments on Debt ations & Maintenance Reserve wal & Replacement Reserve cipality/County Appropriation r Reserves
Dtal Non-Operating Appropriations
1 APPROPRIATIONS	1,505,450	4,304,339	402,500	6,212,289
IMULATED DEFICIT
,L APPROPRIATIONS & ACCUMULATED
:11	1,505,450	4,304,339	402,500	6,212,289	6,011,950	200,339	3.3%
iSTRICTED NET POSITION UTILIZED
cipality/County Appropriation	HDIV/01
-	tIDIV/01
Dtal Unrestricted Net Position Utilized	IIDIWOI
I NET APPROPRIATIONS	$	1,505,450 $	- $ 4,304,339 $	402,500 $ 6,212,289	$	6,011,950	$ 200,339	3.3%
cellaneous line items may not exceed 5% of total operating appropriations shown below. If amount in miscellaneous is greater than the amount shown v, then the line item must be itemized above.
5% of Total Operating Appropriations	$	75,272.50 $	-	$ 215,216.95 $	20,125.00 $ 310,614.45

2014 Appropriations Schedule

Edison Housing Authority
For the Period	July 1, 2015	to	June 30, 2016
Current Year Adopted Budget 
Public Housing	Housing	Total All
Management	Section 8	Voucher	Other Programs	Operations
OPERATING APPROPRIATIONS Administration
Salary & Wages	$	222,337	$	142,120 $	18,910 $	383,367
Fringe Benefits	116,677	67,500	1,875	186,052
Legal	27,000	6,700	33,700
Staff Training	11,000	3,000	14,000
Travel	7,000	6,000	13,000
Accounting Fees	31,000	31,000
Auditing Fees	6,000	3,800	9,800
Miscellaneous Administration* 	40,450	67,600	2,000	110,050
Total Administration	461,464	296,720	22,785	780,969 
Cost of Providing Services
Salary & Wages - Tenant Services
Salary & Wages - Maintenance & Operation	207,870	207,870
Salary & Wages - Protective Services
Salary & Wages - Utility Labor
Fringe Benefits	109,086	109,086
Tenant Services	1,000	1,000
Utilities	413,000	413,000
Maintenance & Operation	179,000	179,000
Protective Services
Insurance	61,700	6,000	67,700
Payment in Lieu of Taxes (PILOT)	23,046	23,046
Terminal Leave Payments
Collection Losses	10,000	10,000

3,870,279	350,000	4,220,279
3,876,279	350,000	5,230,981	

Other General Expense
Rents
Extraordinary Maintenance
Replacement of Non-Expendible Equipment
Property Betterment/Additions
Miscellaneous COPS*
Total Cost of Providing Services	1,004,702
Net Principal Payments on Debt Service in Lieu

of Depreciation
Total Operating Appropriations
NON-OPERATING APPROPRIATIONS
Net Interest Payments on Debt
Operations & Maintenance Reserve
Renewal & Replacement Reserve
Municipality/County Appropriation
Other Reserves
Total Non-Operating Appropriations
TOTAL APPROPRIATIONS
ACCUMULATED DEFICIT
TOTAL APPROPRIATIONS & ACCUMULATED
DEFICIT
UNRESTRICTED NET POSITION UTILIZED
Municipality/County Appropriation
Other
Total Unrestricted Net Position Utilized
TOTAL NET APPROPRIATIONS

1,466,166		4,172,999		372,785	6,011,950	

						
						
1,466,166		4,172,999		372,785	6,011,950	
1,466,166		4,172,999		372,785	6,011,950	

$	1,466,166	$	-	$	4,172,999	$	372,785	$	6,011,950	

F-5

* Miscellaneous line items may not exceed 5% of total operating appropriations shown below. If amount in miscellaneous is greater than the amount shown below, then the line item must be itemized above.
5% of Total Operating Appropriations	$	73,308.30 $	-	$ 208,649.95 $	18,639.25 $ 300,597.50

Edison Housing Authority

Fiscal Year Beginning in

(2014)

Debt Issuance #1 Debt Issuance #2 Debt Issuance #3 Debt Issuance #4
'OTAL PRINCIPAL
ESS: HUD SUBSIDY
IET PRINCIPAL

2015	2016	2017	2018	2019	2020	Thereafter	Outstanding
$

$

-	$	-	$	$	$	$	$	$	$

Indicate the Authority's most recent bond rating and the year of the rating by ratings service.
Moody's	Fitch	Standard & Poors
Bond Rating
Year of Last Rating

F-6

Edison Housing Authority

F-7

Fiscal Year Beginning in

Current Year
(2014)

2015
$

Total Interest Payments

Debt Issuance #1 Debt Issuance #2 Debt Issuance #3 Debt Issuance #4
'OTAL INTEREST
ESS: HUD SUBSIDY
JET INTEREST

2016	2017	2018	2019	2020	Thereafter	Outstanding
$

$

$ 	$	$	$	$	$	$	$

Edison Housing Authority
For the Period	July 1, 2015	to	June 30, 2016

OTAL NET POSITION BEGINNING OF CURRENT YEAR (1)
Less: Invested in Capital Assets, Net of Related Debt (1)
Less: Restricted for Debt Service Reserve (1)
Less: Other Restricted Net Position (1)
Total Unrestricted Net Position (1)
Less: Designated for Non-Operating Improvements & Repairs
Less: Designated for Rate Stabilization
Less: Other Designated by Resolution
Plus: Accrued Unfunded Pension Liability (1)
Plus: Accrued Unfunded Other Post-Employment Benefit Liability (1)
Plus: Estimated Income (Loss) on Current Year Operations (2)
Plus: Other Adjustments (attach schedule)
INRESTRICTED NET POSITION AVAILABLE FOR USE IN PROPOSED BUDGET
Unrestricted Net Position Utilized to Balance Proposed Budget
Unrestricted Net Position Utilized in Proposed Capital Budget
Appropriation to Municipality/County (3)
Total Unrestricted Net Position Utilized in Proposed Budget
ROJECTED UNRESTRICTED UNDESIGNATED NET POSITION AT END OF YEAR (4)

Proposed Budget
Total All Operations
4,530,386
3,271,895
79,425
1,179,066
332,580
12,500
1,524,146
1,524,146

F-8

I) Total of all operations for this line item must agree to audited financial statements.
?) Include budgeted and unbudgeted use of unrestricted net position in the current year's operations. 3) Amount may not exceed 5% of total operating appropriations. See calculation below.
Maximum Allowable Appropriation to Municipality/County	75,273
1)/f Authority is projecting a deficit for any operation at the end of the budget period, the Authority must attach a statement explaining its plan to reduce the deficit,  'eluding the timeline for elimination of the deficit, if not already detailed in the budget narrative section.

2015
EDISON
HOUSING
AUTHORITY
CAPITAL
BUDGET/
PROGRAM

Page CB-1

2015 CERTIFICATION OF HOUSING AUTHORITY
CAPITAL BUDGET/PROGRAM
EDISON HOUSING AUTHORITY
FISCAL YEAR: FROM: JULY 1, 2015 TO: JUNE 30, 2016
[X]	It is hereby certified that the Housing Authority Capital Budget/Program annexed hereto
is a true copy of the Capital Budget/Program approved, pursuant to N.J.A.C. 5:31-2.2, along with the Annual Budget, by the governing body of the Edison Housing Authority, on the 9th day of June, 2015
OR
It is hereby certified that the governing body of the	Housing Authority have
elected NOT to adopt a Capital Budget /Program for the aforesaid fiscal year, pursuant to N.J.A.C.  5:31-2.2 for the following reason(s):

	Officer's Signature:	
Name:	Madeline Cook, PHM	
Title:	Executive Director	
Address:	14 Reverend Samuel Carpenter Boulevard Edison, NJ 08820	
Phone Number:	908-561-2525	Fax Number:	908-561-7517	
E-mail address	mcook(@,edisonha.org	

Add additional sheets if necessmy.

2015 CAPITAL BUDGET/PROGRAM MESSAGE
Edison Housing Authority
FISCAL YEAR: FROM:	July 1, 2015	TO: June 30, 2016
This section is included in the Capital Budget pursuant to N.J.A.C. 5:31-2. It does not in itself confer any authorization to raise or expend funds. Rather, it is a document used as part of the Housing Authority's planning and management system. Specific authorization to spend funds for purposes described in this section must be granted elsewhere, by a separate financing agreement, security agreement, by resolution appropriating funds from the Renewal and Replacement Reserve, or other lawful means.
1.	Has the Capital Budget/Program been prepared in consultation with or reviewed by, the local and county planning board(s), governing body(ies), or other affected governmental entity(ies) of the jurisdiction(s) served by the Housing Authority?
Yes — reviewed and approved by municipal government and residents of the developments affected.
2.	Has each capital project/project financing been developed from a specific plan or report and have the full life cycle costs of each been calculated? Yes. The capital projects have been developed in conjunction with the Authority's Capital Fund Program, a comprehensive program considering the capital needs of all its projects.
3.	Has the Housing Authority prepared a long-term (10-20 years) infrastructure needs assessment? In accordance with HUD requirements, the Authority has prepared a 5 year capital plan and performed a physical needs assessment.
4.	Are any of the capital projects/project financings being undertaken in a community that has a State Plan designated center? If so, please describe the relationship of same to the center's goals and objectives. N/A
5.	Describe the impact on the schedule of rents and/or user charges if the proposed capital projects are undertaken. Indicate the impact on current and future year's schedules.
As previously noted, rental income is governed by federal regulations and is equal to 30% of adjusted tenant income. Since the local economy is fairly stable, it is not anticipated that tenant incomes and resultant rents will differ significantly from the prior period. All planned capital projects are funded by HUD's capital fund program and will not be affected by fluctuations in rental income. The proposed capital projects are considered necessau to maintain the dwelling rents at budgeted levels.
6.	Have the projects been reviewed and approved by HUD? Yes, all capital fund budgets have been approved by HUD.

a.. a....A.JP I 1%.0 1.4 la 6.7 1.s %A %., LAI 1.4 I II. GI I LO 41 U4 5 G I.
Edison Housing Authority
For the Period	July 1, 2015	to	June 30, 2016
Funding Sources
Window Replacements JCE	Estimated Total
Cost	Renewal &
Unrestricted Net	Replacement	Debt ,
Position Utilized	Reserve	Authorization	Capital Grants	Other
Sources	
	$			
Security Equipment - NEG	17,000	17,000		
Heating and DHW Piping - NEG	13,000	13,000		
Computer Upgrande - Agency-wide	7,500	7,500		
Refrigerators & Ranges Agency-wide	7,500	7,500		
Project F Description				
Project G Description				
TOTAL PROPOSED CAPITAL BUDGET	$	45,000	$	-	$	-	$	-	$	45,000	$	

Enter brief description of up to seven projects above. For more than seven budgeted projects, please attach additional schedules. Input total amount of all projects on single line and enter "See Attached Schedule" instead of project description.

••• • ••• • • • •.• jr• • • ••• 4 I IIII1,011%/Va1111%.1111. I IGUI
Edison Housing Authority
For the Period	July 1, 2015	to	June 30, 2016	

Fiscal Year Beginning in
Estimated Total	Current Year
Cost	Proposed Budget	2016	2017	2018	2019	2020

Window Replacements JCE	$	100,000	$	- $	50,000 $	50,000
Security Equipment - NEG	17,000	17,000
Heating and DHW Piping - NEG	13,000	13,000
Computer Upgrande - Agency-wide	7,500	7,500
Refrigerators & Ranges Agency-	7,500	7,500
Project F Description Project G Description
TOTAL	$	• 145,000	45,000 $	50,000 $	50,000 $
Project descriptions entered on Page CB-3 will carry forward to Pages CB-4 and CB-5. No need to re-enter project descriptions above.

Edison Housing Authority
For the Period	July 1, 2015	to	June 30, 2016
Funding Sources
Renewal &
Estimated Total	Unrestricted Net Replacement	Debt
Cost	Position Utilized	Reserve	Authorization Capital Grants Other Sources
Window Replacements JCE	$	100,000	$	100,000
Security Equipment - NEG	17,000	17,000
Heating and DHW Piping - NEG	13,000	13,000
Computer Upgrande - Agency-wide	7,500	7,500
Refrigerators & Ranges Agency-	7,500	7,500
Project F Description Project G Description
TOTAL	$	145,000	$	- $	- $	- $ 145,000 $
Total 5 Year Plan per CB-4	$	145,000
Balance check	- If amount is other than zero, verify that projects listed above match projects listed on CB-4.
Project descriptions entered on Page CB-3 will carry forward to Pages CB-4 and CB-5. No need to re-enter project descriptions above.