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Presentation, discussion, and possible action on the SFY 2027 Operating Budget
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RECOMMENDED ACTION
recommendation
WHEREAS, the Governing Board of the Texas Department of Housing and Community Affairs (the Department or TDHCA) is required to approve a SFY 2027 Operating Budget; and
WHEREAS, the Department is required to submit the budget to the Office of the Governor (OOG) and the Legislative Budget Board (LBB);
NOW, therefore, it is hereby
RESOLVED, that the SFY 2027 Operating Budget, in the form presented to this meeting, is hereby approved;
FURTHER RESOLVED that upon approval by the TDHCA Governing Board, the Department will submit the budget to the OOG and the LBB.
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BACKGROUND
In accordance with Tex. Gov't Code ?2306.112 et seq., TDHCA is charged with preparing an operating budget for Board adoption on or before September 1 of each fiscal year. The budget includes operational expenses distributed among the Department's divisions. It does not include federal or state program funds that pass through to subrecipients except for administrative funds used by the Department associated with those federal or state funds that are retained and reflected in the budget. This budget anticipates maximizing all federal administrative resources. In addition, in accordance with internal auditing standards and the Board's internal audit charter, the budget includes the Internal Audit Division's annual operating budget.
This SFY 2027 Internal Operating Budget, which the Board is being asked to approve, corresponds to the second year of the biennial General Appropriations Act (GAA) passed by the 89th Texas Legislature which appropriated $424,053,047. In total, this budget provides for administrative expenditures and associated revenues of $46,263,272 or a $2,231,634 (4.6%) decrease from the prior year's budget. Of the total net decrease, $1,395,364 is associated with temporary federal funding and a $2,491,066 decrease for Capital Budget projects, offset by a...
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