HomeMy WebLinkAbout2024-08-24 CHA Minutes" :r
Caldwell Housing Authority �2t—�
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August 24, 2024
CHA Community Center and via ZOOM
Board Members Present: Arnoldo Hernandez, Estella Zamora, Patricia Benedict, Adam Garcia.
and Jim Porter
Board 1.lembers Absent: Sid Freeman. Robert Acosta, and Brad Doty
Staff Members Present: Mike Dittenber. Teresa Sanchez, Marisela Melchor, Dominique
Moreno. and Rosario Soto
Guests Present: None
In Order of Businetis
1. Roll call and call to order:
Arnold called the meeting to order at 12.05 p.m. Mike then introduced Dominique Moreno as
CI IA's TICIN'est cmplo%,ee.
2. Agenda Approval
Jim Porter made a motion to approve the August meeting agenda, seconded by Adam Garcia,
and appro-% ed by the Board at 12:07 p.m.
3. Approval of the ,June 2024 Meeting Minutes
Adam Garcia made a motion to appro%-e the June 2024 meeting minutes with corrections,
seconded by Jim Porter. and approved by the Board at 12:08 p.m. I"ollowing approval of the
minutes, Estella asked for clarification on the recent hiring process.
4. Audit Report
Jordan /.�� N quart provided the 2023 financial audit. He indicated reviews CHA's financial
annually and is not concerned about the Iinances or the way it is presented or represented. He
re%ie�%ed monthl% profit and loss statements and is satisfied with the monthly reconciliations.
Based on the information proN ided to the audit process. Ile was confident the Board was
reccix in,-- accurate monthly financial information. Although he looks at the financials once a
year. 11c ie,. ie«ti profit and loss statements once a month. Estella Zamora made a motion to
approve the 20-23 financial audit. seconded by Patricia Benedict and approved by the Board at
12:37 p.m.
5. ,July financial report
Rosario Soto prep ided the I financial report and updated the Board on the performance of our
Iiigh-vield CDs. I le indicated CHA should not renew yearly certificates citing cashflow and
rei111bl1rSCn1Cnt timin�ji as the primary causes. He indicated CHA was in the process of applying
for a $700.000 Iuan for Sun«cst Bank Ior the Rice House and should be approved in the coming
months. F inallN. he indicated CHA is still profitable, but wanted the Board to know CHA is a
couple t-car, behind the market rent for the area and is leaving a lot of money on the table. He
said that L n1OLint could be found in the loss to lease row of the monthly reconciliation report.
Arnoldo [lernander asked Rosario to bring information regarding the 2024 and 2025 Fair Market
Rents to the ne\t meeting_. Jim Porter made a motion to approve the July financials, seconded by
Patricia Benedict and approN ed by the Board at 1:07 p.m.
6. Project update
Mike provided the Board "-ith an update on the Rice blouse move. He indicated there were more
delays. but for the same reason: the foundation had to be perfect because is no room for
adjustments above the foundation. He indicated the foundation was poured earlier in the month
and that titalT NN as nu« %N orking on the footings and inside flooring before backfilling. He
tiut;uestetl the house %%ould be moved onto the foundation sometime in October. He concluded by
updating the Board on the Capital Finance plan and how it was difficult to gain momentum
N%ithout the 110LISC heing on the lbundation and available to showcase to potential donors.
7. Adjourned
.Adjourned at 1:35 p.m. ustng I
Certified: � 0
IPresidenf, Board of I)trectors
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C`3/dweil'o-0
Executive Director