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HomeMy WebLinkAbout1994-01-31 Reading Housing Authority MinutesREADING HOUSING AUTHORITY PROJECT BASED PROGRAM BALANCE SHEET JANUARY 31, 1994 ASSETS CASH PETTY CASH ACCOUNTS RECEIVABLE HUD ACCOUNTS RECEIVABLE ADVANCES TO REV FUND INVESTMENTS PREPAID INSURANCE DEFERRED CHARGES -RETIREMENT DEFERRED CHARGES -OTHER LAND, STRUCTURES AND EQUIPMENT TOTAL ASSETS ____________ LIABILITIES AND SURPLUS _______________________ lie ACCOUNTS PAYABLE - HUD ACCOUNTS PAYABLE - REVOLVING FUND ACCOUNTS PAYABLE - OTHER ACCRUED LIABILITIES PREPAID HUD CONTRIBUTIONS DEFERRED CREDITS UNRESERVED SURPLUS OPERATING RESERVE PROJECT ACCOUNT UNFUNDED CUMULATIVE HUD CONTRIBUTIONS INTEREST INCOME TENANT RENTAL INCOME SECTION 8 RENTAL INCOME TOTAL EXPENSES PRIOR YEAR ADJUSTMENTS EXPENDITURES FOR PROPERTY - CONTRA $0.00 0.00 0.00 1,330.00 smss $0.00 1,493.64 0.00 ME smsm TOTAL LIABILITIES AND SURPLUS � --- ------------ __ - - __________ �� See-Accountants'-Compilation Report 12-Feb-94 DAR $0.00 1,330. 0c) .O0 O.00 .00 .00 $1,334 .00 ===== === � $1,493.64 .00 � .00 0.00 � � � � .00 .00 79't.;. 50 530.50 (1,49j.64) .00 6.00 $1,WWI. 0O ===== === � READING HOUSING AUTHORITY PROJECT BASED PROGRAM MONTHLY OPERATING STATEMENT 1 Month Ending JANUARY 31, 1994 CALCULATION OF RENTAL INCOME 2 X $785.60 MAX PER MONTH ------------------------------------------------- STATEMENT OF OPERATING RECEIPTS AND EXPENDITURES ------------------------------------------------ RENTAL INCOME EARNED INTEREST INCOME OTHER OTHER TOTAL OPERATING RECEIPTS ADMINISTRATIVE SALARIES LEGAL TRAVEL ACCOUNTING AUDIT FEE CONDO FEES SUNDRY ADMINISTRATIVE BUILDING MAINTENANCE INSURANCE EMPLOYEE BENEFITS OTHER GENERAL EXPENSES TOTAL ROUTINE NON -HAP EXPENSE PRIOR YEAR, ADJUSTMENTS EXPENDITURES FOR EQUIPMENT TOTAL OPERATING EXPENSES NET OPERATING INCOME (LOSS) Fenton, Ewald & Associ tes, P. C. DAR 12- Feb -94 ---------------------------------------------------- PRO RATA (OVER) BUDGET UNDER BUDGET ACTUAL - - - - - -- - - - - - -- - - - - - -- 0 - - - - - -- (? 1,330 1,330 0 0 0 �? 0 n 0 0 0 - - - - - -- (; - - - - - -- 0 - - - - - -- 1,330 -- - - - - - -- 1,330 - - - - - -- - - - - - -- 0 - - - - - -- 0 - - - - - 0 0 0 0 (, 0 (? 0 p 0 0 0 0 0 r� 0 1,106 (1,106 0 0 388 (3B8 0 0 0 Q (r 0 0 Q - - - - - -- S 0 - - - - - -- 0 - - - - - -- 1,494 - - - - - -- (1,494 0 0 0 0 0 ii C 0 0 1,494 (1,494 - -- - - - - -- -- - - - - -- -- - - - - -- 0 (164) (I6� i X READING HOUSING AUTHORITY SECTION 9 VOUCHER PROGRAM MONTHLY OPERATING STATEMENT 7 Months Ending JANUARY 31, 1994 *o,.MPUTATION OF ADMINISTRATIVE FEE EARNED: ----------------------------------------- "July - September `93 X 809 X t?, 0K October - June `94 11 X 809 X 0.052 14 COMPUTATION OF HARD -TO -HOUSE FEE EARNED: NUMBER OF HARD TO HOUSE UNITS 0 X 45 = TOTAL ADMINISTRATIVE FEE EARNED Fenton, Ewald & Associates, P. C. DAR 12- Feb -94 ----------------------------------------------------------------------------------------------------- STATEMENT OF OPERATING RECEIPTS AND EXPENDITURES $97,8. 72 PRO RATA ----------------------- (OVER) ------------------------------------------ - - - - -- BUDGET BUDGET ACTUAL v ADMINISTRATIVE FEE EARNED 19,961 11,609 929 0.14' INTEREST ON OPERATING RESERVES 0 0 9 (151 OTHER INCOME: AUDIT FEE EARNED 0 !? 0 OTHER INCOME: MOBILITIES 0 0 734 (120) TOTAL OPERATING RECEIPTS 191901 11,609 1,662 ADMINISTRATIVE SALARIES 0 0 i? 6,110 LEGAL 0 0 0 TRAVEL 0 u 15 ACCOUNTING 600 350 350 AUDIT FEE 0 0 `? OFFICE RENT 0 0 0 SUNDRY ADMINISTRATIVE 0 0 372 CONSULTANTSiPROJECT COORD 15,000 9,750 2,13' INSURANCE 0 it 1110 EMPLOYEE BENEFITS 0 0 OTHER GENERAL EXPENSES 0 i? 0 TOTAL ROUTINE NON -HAP EXPENSES 15,600 9,100 2,990 PRIOR YEAR ADJUSTMENTS 0 EXPENDITURES FOR EQUIPMENT 0 0 0 TOTAL OPERATING EXPENSES 15,600 9,100 2,990 NET OPERATING INCOME (LOSS) 4,301 2,509 (1,3291 ----------------------------------------------------------------------------------------------------- COMPUTATION OF EXCESS OR DEFICIENCY OF FUNDS REQUISITIONED ---------------------------------------------------------- ADMINISTRATIVE FEE EARNED 4929 4010 & 4;:12 PRELIMINARY ADMINISTRATIVE EXPENSES 0 a715 HOUSING ASSISTANCE PAYMENTS (HAPs) 8,700 1;? LESS: INTEREST INCOME (TO BE RETURNED) ( 32 1 ~4170 PLUS: AUDIT COSTS 0 TOTAL ANNUAL CONTRIBUTION EARNED TO DATE 9,596 211x) LESS: AMOUNT: AMOUNT OF ACC REQUISITIONED AND RE_:EIVED ( 17,824 ) AMOUNT (OVER) OR UNDER REQUISITIONED FROM HUD 91.97 (4 ,329; 4199.01 729.72 925,73 cl,10? $97,8. 72 ----------------------- (OVER) UNDER (10,680) v 734 (9,947) 0.14' 0 0 (151 0 1.000 0 i! (372} 6,617 0.244 (120) 0 !1 6,110 0,329 i? 0 6,110 0,329 {3,937) ----------------- -0,529 - - - - --