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HH-2021-001-HopeSource-CIP Fully Executed
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2023-11-21 10:00 AM - Commissioners' Agenda
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HH-2021-001-HopeSource-CIP Fully Executed
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Last modified
11/16/2023 1:47:15 PM
Creation date
11/16/2023 1:46:19 PM
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Meeting
Date
11/21/2023
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Supporting documentation
Supplemental fields
Item
Request to Approve a Resolution Authorizing an Amendment of the July 15, 2021, Capital Improvement Program Contract with HopeSource
Order
11
Placement
Consent Agenda
Row ID
111109
Type
Contract
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6. Sustainability: Describe your ability, experience, and resources to implement and <br />sustain the project during the term of the project. (250 words max.) <br />HopeSource has owned and operated over 500 affordable housing units throughout Central <br />Washington, has developed 25 units, and will deliver another 49 units By May 3i.st ZO2L. All <br />projects have maintained their affordability over the years, are fully funded, and have sufficient <br />operating reserves to maintain the structures and serve the populations as intended, <br />HopeSource financial controls include adherence to Fiscal Policies supported by OMB Circular <br />requirements and accounting practices. HopeSource is annually audited by an external account <br />and has received 12 consecutive years of clean audits. HopeSource uses the Abila Mlp fund <br />accounting financial management system, which is a comprehensive, configurable solution that <br />enables staff to make better financial decisions, execute financial management with greater <br />precision, and better track, report, and manage finances across the entire organization. <br />10
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