GBHA Properties 1, Inc.

AGENDA OF GBHA PROPERTIES 1, INC. THURSDAY, JUNE 19, 2025, 10:30 AM IMMEDIATELY FOLLOWING GREEN BAY HOUSING AUTHORITY MEETING. City Hall, Room 604 - The Harry Maier Room. Virtual attendance is also available via Zoom. A. Zoom Meeting Information. 1. Join Zoom Meeting Online: https://us02web.zoom.us/j/81434999289?pwd=N0dlMGxWSS85SGswK2lZeGhZZUN0UT09 Or call in by phone: +1 312 626 6799 Meeting ID: 814 3499 9289 Passcode: 483400 If you wish to speak at this public meeting or leave a comment, please fill out the online Comment Form prior to the meeting. More detailed Zoom Instructions can be found online. B. Roll Call. 1. Members: William VandeCastle - Chair, Stephen Srubas - Vice Chair, Sandra Popp, Erin Edwards and Randy Scannell C. Approval of the Agenda. 1. Approval of the agenda for the Thursday, June 19, 2025, meeting of the Green Bay Housing Authority. D. Approval of Minutes. 1. Approval of the minutes from the February 20, 2025, meeting of the GBHA Prop 1, Inc. E. Regular Business. 1. Consideration with possible action to approve the GBHA Properties 1, Inc. operating budget for Fiscal Year beginning July 1, 2025. Agenda of GBHA Properties 1, Inc. June 19, 2025 Page 1 F. Informational. 1. Next Meeting: To be determined 2. Financial Report. G. Adjournment. 1. Adjournment of the Thursday, June 19, 2025, meeting of the Green Bay Housing Authority. 1) THIS MEETING IS RECORDED: THE VIDEO OF THIS MEETING AND MINUTES ARE AVAILABLE ONLINE AT www.greenbaywi.gov 2) ACCESSIBILITY: Any person wishing to attend who requires special accommodation because of a disability, should contact the City Safety Manager at 920-448-3125 at least 48 hours before the scheduled meeting time so that arrangements can be made. 3) QUORUM: Please take notice that a majority or quorum of the Common Council may attend this GBHA Properties 1, Inc. meeting and will constitute a meeting of the Common Council for purposes of discussion and information gathering relative to this agenda. 4) REPRESENTATION: The party requesting the communication, or their representative, should be present at this meeting. Agenda of GBHA Properties 1, Inc. June 19, 2025 Page 2  Report to the GBHA Properties 1, Inc. of the City of Green Bay MEETING DATE PREPARED BY June 19, 2025 Kaycee Champasak AGENDA ITEM # D.1 Approval of the minutes from the February 20, 2025, meeting of the GBHA Prop 1, Inc. BACKGROUND RECOMMENDATION FISCAL IMPACT ATTACHMENTS 1. GBHAPROP1MINS2.20.25 100 North Jefferson Street, Green Bay, Wisconsin 54301-5026 greenbaywi.gov  Report to the GBHA Properties 1, Inc. of the City of Green Bay MEETING DATE PREPARED BY June 19, 2025 Stephanie Schmutzer, Staff AGENDA ITEM # E.1 Consideration with possible action to approve the GBHA Properties 1, Inc. operating budget for Fiscal Year beginning July 1, 2025. BACKGROUND The GBHA Properties 1 Inc. is a separate non-profit entity to run scattered sites when they were removed from the public housing status. The scattered sites were then sold to GBHA Properties LLC under the RAD conversion. This left the GBHA Properties 1 Inc. with a surplus budget of $700,000. Its annual operating budget runs from July 1, 2025, through June 30, 2026. The only budget items to be considered are interest earned, audit fees and insurance costs, as all other costs have been transferred out with the scattered sites. RECOMMENDATION To approve the GBHA Properties 1, Inc. operating budget for Fiscal Year Beginning July 1, 2025. FISCAL IMPACT ATTACHMENTS 1. 25-26 Budget 100 North Jefferson Street, Green Bay, Wisconsin 54301-5026 greenbaywi.gov  ScSite - GBHA Properties $ Budget % of Budget PY YTD 7/1-4/30 24-25 Budget 25-26 Budget changed changed Income 2802.00 · Hud Contributions 173,173.00 112,186.00 0.00 0.00 0.00 0.0% 3110.00 · Dwelling Rental 252,477.60 0.00 0.00 0.00 0.00 0.0% 3120.00 · Excess Utilities 0.00 0.00 0.00 0.00 0.00 0.0% 3510.00 · Management Fee Revenue 0.00 0.00 0.00 0.00 0.00 0.0% 3520.00 · Asset Management Rev 0.00 0.00 0.00 0.00 0.00 0.0% 3530.00 · BookKeeping Fee Rev 0.00 0.00 0.00 0.00 0.00 0.0% 3610.00 · Int Income 7,005.26 11,259.20 3,000.00 7,000.00 4,000.00 133.33% 3690.00 · Other Income - Tenants -630.00 0.00 0.00 0.00 0.00 0.0% 3690.01 · Other Income - Ins Dividends 6,280.73 30,978.96 0.00 0.00 0.00 0.0% 3690.02 · Other Income 17,962.22 600.00 0.00 0.00 0.00 0.0% 3690.03 · Cell Tower Rent 0.00 0.00 0.00 0.00 0.00 0.0% 9110.00 · Transfers In 0.00 0.00 0.00 0.00 0.00 0.0% Total Income 456,268.81 155,024.16 3,000.00 7,000.00 4,000.00 133.33% Expense 4110.00 · Admin Salaries 33,745.04 0.00 0.00 0.00 0.00 0.0% 4120.00 · Compensated Absences -6,099.51 0.00 0.00 0.00 0.00 0.0% 4130.00 · Legal Expense 65.00 6,752.50 0.00 0.00 0.00 0.0% 4130.01 · Investigations Expense 112.61 0.00 0.00 0.00 0.00 0.0% 4140.00 · Staff Training 1,147.09 0.00 0.00 0.00 0.00 0.0% 4150.00 · Travel 295.22 0.00 0.00 0.00 0.00 0.0% 4160.00 · Management Fee 35,634.29 74,791.68 0.00 0.00 0.00 0.0% 4163.00 · BookKeeping Fee 1,717.50 0.00 0.00 0.00 0.00 0.0% 4165.00 · Asset Management Fee 2,400.00 0.00 0.00 0.00 0.00 0.0% 4171.00 · Auditing Fees 4,484.00 9,120.00 0.00 4,500.00 4,500.00 100.0% 4182.00 · Employee Benefits - Admin 12,587.45 0.00 0.00 0.00 0.00 0.0% 4190.01 · Printing 948.21 0.00 0.00 0.00 0.00 0.0% 4190.02 · Postage 165.00 0.00 0.00 0.00 0.00 0.0% 4190.03 · Paper & Office Supplies 271.26 25.00 0.00 0.00 0.00 0.0% 4190.04 · Publications 0.00 0.00 0.00 0.00 0.00 0.0% 4190.05 · Membership Dues & Fees 66.35 41.00 0.00 0.00 0.00 0.0% 4190.06 · Computer Support 0.00 0.00 0.00 0.00 0.00 0.0% 4190.07 · Tele Fax & Comm 300.68 0.00 0.00 0.00 0.00 0.0% 4190.08 · Marketing 0.00 0.00 0.00 0.00 0.00 0.0% 4190.10 · Miscellaneous 299.75 0.00 0.00 0.00 0.00 0.0% 4220.00 · Ten Ser-Recr Etc 0.00 0.00 0.00 0.00 0.00 0.0% 4220.01 · Ten Ser - Resident Part 0.00 0.00 0.00 0.00 0.00 0.0% 4230.00 · Ten Ser-Contrs 0.00 0.00 0.00 0.00 0.00 0.0% 4310.00 · Water 4,331.03 0.00 0.00 0.00 0.00 0.0% 4320.00 · Electricity 636.08 0.00 0.00 0.00 0.00 0.0% 4330.00 · Gas 362.97 0.00 0.00 0.00 0.00 0.0% 4390.00 · Other Utilities 1,249.84 0.00 0.00 0.00 0.00 0.0% 4410.00 · Maint - Labor 18,866.08 0.00 0.00 0.00 0.00 0.0% 4420.00 · Maint - Supplies 12,573.52 0.00 0.00 0.00 0.00 0.0% 4430.00 · Maint - Contracts 10,236.02 0.00 0.00 0.00 0.00 0.0% 4430.01 · Maint - Non-Contract 1,966.00 0.00 0.00 0.00 0.00 0.0% 4430.03 · Maint - Truck Maint 691.41 0.00 0.00 0.00 0.00 0.0% 4430.09 · Fire Protection - Maint 0.00 0.00 0.00 0.00 0.00 0.0% 4430.10 · Heating and Cooling 0.00 0.00 0.00 0.00 0.00 0.0% 4430.11 · Snow Removal 95.10 0.00 0.00 0.00 0.00 0.0% 4430.12 · Elevator Maintenance 0.00 0.00 0.00 0.00 0.00 0.0% 4430.13 · Landscape and Grounds 0.00 0.00 0.00 0.00 0.00 0.0% 4430.15 · Electrical 0.00 0.00 0.00 0.00 0.00 0.0% 4430.16 · Plumbing 0.00 0.00 0.00 0.00 0.00 0.0% 4430.17 · Extermination 3,415.00 0.00 0.00 0.00 0.00 0.0% 4430.18 · Appliances 1,140.00 0.00 0.00 0.00 0.00 0.0% 4430.19 · Garbage & Trash Removal 6,693.99 0.00 0.00 0.00 0.00 0.0% 4432.00 · Extraordinary Maintenance 0.00 0.00 0.00 0.00 0.00 0.0% 4433.00 · Emp Ben Contr-ord maint 5,352.19 0.00 0.00 0.00 0.00 0.0% 4480.00 · Protect Service 0.00 0.00 0.00 0.00 0.00 0.0% 4510.00 · Insurance Expense - Property 34,459.38 0.00 0.00 0.00 0.00 0.0% 4510.01 · Insurance Expenses - Liability 3,853.00 2,065.00 1,100.00 2,500.00 1,400.00 127.27% 4520.00 · PILOT 0.00 0.00 0.00 0.00 0.00 0.0% 4530.00 · Bank Fees 281.34 0.00 0.00 0.00 0.00 0.0% 4572.00 · Bad Debt - Tenant Rents 0.00 0.00 0.00 0.00 0.00 0.0% 4590.00 · Other General 0.00 0.00 0.00 0.00 0.00 0.0% 4600.00 · Leases 0.00 0.00 0.00 0.00 0.00 0.0% 4800.00 · Depreciation Expense 57,328.77 0.00 0.00 0.00 0.00 0.0% 9120.00 · Transfers Out 1,322,035.01 0.00 0.00 0.00 0.00 0.0% Total Expense 1,575,053.06 92,795.18 1,100.00 7,000.00 5,900.00 536.36% Net Income/(loss) (1,118,784.25) 62,228.98 1,900.00 - Page 1 of 1  Report to the GBHA Properties 1, Inc. of the City of Green Bay MEETING DATE PREPARED BY June 19, 2025 Stephanie Schmutzer, Staff AGENDA ITEM # F.2 Financial Report. BACKGROUND RECOMMENDATION FISCAL IMPACT ATTACHMENTS 1. Monthly FS 100 North Jefferson Street, Green Bay, Wisconsin 54301-5026 greenbaywi.gov  GBHA Properties 1, Inc. Budget vs. Actual GBHA Properties 1, Inc May-25 SS YTD Budget Total Income 157,769.13 3,000.00 Total Expense 111,493.10 1,100.00 Net Income 46,276.03 1,900.00  GBHA Properties 1, Inc. Budget vs. Actual SS - Properites YTD Budget $ Over Budget % of Budget Income 2802.00 · Hud Contributions 112,186.00 0.00 112,186.00 100.0% 3110.00 · Dwelling Rental 0.00 0.00 0.00 0.0% 3120.00 · Excess Utilities 0.00 0.00 0.00 0.0% 3510.00 · Management Fee Revenue 0.00 0.00 0.00 0.0% 3520.00 · Asset Management Rev 0.00 0.00 0.00 0.0% 3530.00 · BookKeeping Fee Rev 0.00 0.00 0.00 0.0% 3610.00 · Int Income 14,004.17 3,000.00 11,004.17 466.81% 3690.00 · Other Income - Tenants 0.00 0.00 0.00 0.0% 3690.01 · Other Income - Ins Dividends 30,978.96 0.00 30,978.96 100.0% 3690.02 · Other Income 600.00 0.00 600.00 100.0% 3690.03 · Cell Tower Rent 0.00 0.00 0.00 0.0% Total Income 157,769.13 3,000.00 154,769.13 5,258.97% Expense 4110.00 · Admin Salaries 0.00 0.00 0.00 0.0% 4120.00 · Compensated Absences 0.00 0.00 0.00 0.0% 4130.00 · Legal Expense 6,752.50 0.00 6,752.50 100.0% 4130.01 · Investigations Expense 0.00 0.00 0.00 0.0% 4140.00 · Staff Training 0.00 0.00 0.00 0.0% 4150.00 · Travel 0.00 0.00 0.00 0.0% 4160.00 · Management Fee 93,489.60 0.00 93,489.60 100.0% 4163.00 · BookKeeping Fee 0.00 0.00 0.00 0.0% 4165.00 · Asset Management Fee 0.00 0.00 0.00 0.0% 4171.00 · Auditing Fees 9,120.00 0.00 9,120.00 100.0% 4182.00 · Employee Benefits - Admin 0.00 0.00 0.00 0.0% 4190.01 · Printing 0.00 0.00 0.00 0.0% 4190.02 · Postage 0.00 0.00 0.00 0.0% 4190.03 · Paper & Office Supplies 25.00 0.00 25.00 100.0% 4190.04 · Publications 0.00 0.00 0.00 0.0% 4190.05 · Membership Dues & Fees 41.00 0.00 41.00 100.0% 4190.06 · Computer Support 0.00 0.00 0.00 0.0% 4190.07 · Tele Fax & Comm 0.00 0.00 0.00 0.0% 4190.08 · Marketing 0.00 0.00 0.00 0.0% 4190.10 · Miscellaneous 0.00 0.00 0.00 0.0% 4510.00 · Insurance Expense - Property 0.00 0.00 0.00 0.0% 4510.01 · Insurance Expenses - Liability 2,065.00 1,100.00 965.00 187.73% 4520.00 · PILOT 0.00 0.00 0.00 0.0% 4530.00 · Bank Fees 0.00 0.00 0.00 0.0% 9120.00 · Transfers Out 0.00 0.00 0.00 0.0% Total Expense 111,493.10 1,100.00 110,393.10 10,135.74% Net Income/(Loss) 46,276.03 1,900.00 44,376.03 2,435.58%