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HomeMy WebLinkAbout2018-05-01 Item 5 Presentation CVMC Annual Administrative Fee Update Senior Project CoordinatorPresented by: Stacey Kurz Rent Review Services9.50 CommissionRent Review Mobilehome retain fee at $25Commission provided advisory recommendation to Historical & anticipated costs o Revenues, expenses and projections (FY 18 & 19)o Incoming rental rates o Market conditions o April 19, 2018 Meeting Today-2013 Housing Market Chula Vista 21% ($780)o South Bay 27% ($982)o Space Average Rent for Incoming ResidentsMobilehomeMedian Home Sales Price 40%o bedroom) 32%-Apartment Rental Rate (2 o San Diego Region 5 Year Projection Assumes a case every other year Staff Recommendation 19 Fee at $25-Council set the FY 18 Recurring El Mirador–Minimal inquiries in FY18 o Rent Review AdministrationNew financial system/database o Contracted Out o Administrative Fee Billing & Collection Semiannual mailing/email o Annual Permissive Rent CalculationsExpenditures Fiscal Year 2017 Focused on educational meetings for managers/residents o MeetingsMHRRCday-to-trained to handle day-Office Specialist up o Ombudsman Activities  August 2017/2018MHRRC Age Friendly DiscussionRent Review ProcessJanuary Rent Review Procedures / Title XXVTerry’s Mobile LodgeOctober Bison Mobilehome Park / Sharon’s Mobilehome Park Fogerty Brothers / Trailer Villa / Broadway Trailer Park / Tour:  Total Staff Expenses ComparisonAnnual Fiscal Year 2018$189,493Surplus/Deficit$54,000TOTAL EXPENDITURES$4,000$4,000Billing/Administrative Costs$0$25,000 Experts$50,000$65,000Staff Charges (Housing Division)$243,493$187,218(as of 7/1/17)Fund Balance (2,251 spaces)$56,275(2,100 spaces)$52,500 Collected RevenueRevenues:ActualAnticipated Revenues & Expenditures Fiscal Year 2019 $125,493Surplus/Deficit $25,000Contingency for Experts$150,493ANTICIPATED FUND BALANCE$94,000TOTAL ANTICIPATED EXPENDITURES$4,000Billing/Administrative Costs$25,000 Experts$65,000 Staff ChargesExpenditures:$55,000Anticipated Revenues (2,200 @ $25)$189,493Available Fund Balance 7/1/18Revenues:Anticipated Budget CPI History Incoming Rental Rates Chula Vista Incoming Rental Rates represented79% represented94% vs. Trailer Park MobilehomeCV South Bay Market 21%27%