HomeMy WebLinkAboutKit Housing - 2014-03-19Agenda # 4.1
KITCHENER HOUSING INC
MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS
HELD: Schmalz Room, City Hall, 200 King Street West, Kitchener
DATE: March 19, 2014
TIME: 4:00 p.m.
PRESENT: Andrew Head, Bob McColl, Mike Seiling, Ted Bleaney, Richard Parent,
Bil Ioannidis, Lisa Keys
RESOURCE
STAFF: Karen Kwiatkowski, Iulian Anghel, Lori Trumper, Camelia Suciu
ABSENT: Corrine Cash, Carl Zehr, Frank Etherington
1. Opening Remarks
Bob McColl - called the meeting to order at 4:10 p.m.
2. Conflict of Interest - nil
3. Approval of Agenda
On a motion by Ted Bleaney, seconded by Mike Seiling and CARRIED,
that the agenda be approved.
4. Minutes
4.1 Approval of Board Minutes — February 19, 2014
The minutes of the Board of Directors Meeting — February 19, 2014 had been circulated
with the agenda.
On a motion by Lisa Keys seconded by Ted Bleaney and CARRIED, it
was resolved that the minutes of the Board Meeting of February 19, 2014
be accepted as true.
5. Finance & Administration Business
5.1 Financial Statements — February 2014
The financial statements for February have been circulated with the agenda. Lori
Trumper gave an overview of the report. Suggestions were made to change the budget
information on the Financial Statements from the annual budget to a seasonal budget.
Lori's goal is to enter budgets into Voyager and use Voyager as the KHI source
document and full on accounting system. Karen commented that moving from SAP to
full-on Voyager will require capital upgrades and total cost scenarios are yet to be
presented to the Board. The first scenario is yet to be presented to the Board. The first
step will be for Lori to enter budgets into Voyager. Follow -up
On a motion by Richard Parent, seconded by Bil Ioannidis and
CARRIED, the February financial statements be approved.
5.2 Rental Arrears Report — February 2014
Rental Arrears Report for February 2014 had been circulated with the agenda. The
arrears were at 5 %, we had 3.1 vacancy and we were over the market target by 18 units.
Increase in the arrears is due to a retro rent charge at Waldau Woods.
6. Property Business — was discussed in Caucus
6.1 Tenant Placement — was discussed in Caucus
6.2 Property Maintenance Report — was discussed in Caucus
7. General Manager's Report - was discussed in Caucus
8. Open Forum - nil
9. Other —
10. Adjournment
On a motion by, Richard Parent seconded by Ted Bleaney and CARRIED, the
meeting adjourned at 5:30 P.M
Chairman
ACCEPTANCE OF MINUTES
Secretary