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Attachment C Certification of Inability to Absorb Utility Rate Increases Within the Current Funds Attachment C


Certification of Inability to Absorb Utility Rate Increases Within the Current Funds
Available in Accordance with Notice 2001-9 (HA)



___________________________________________
(Name of Housing Agency)

Project Number ______________

The housing authority referenced above has experienced an increase in utility rates that
is creating a dire financial hardship. All available sources of funding, including eligible
capital funds that would not otherwise be obligated during the fiscal year for urgent
needs, have been exhausted to cover utility costs. I certify that I have reviewed the
operating reserve level and annual operating expenses of the housing authority and
have determined that its operating reserve level of $_______________.00 is less than
or equal to 20 percent of its budgeted annual routine operating expenses of
$_______________.00 (line 480 of Form HUD-52564, Operating Budget). I also certify
that all materials submitted in accordance with Notice 2001-9 (HA) which must accompany
this document are true and accurate to the best of my knowledge.

Name of Authorized Official


Title
Signature

X
Date