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Home My WebLink About1994-08-31 Reading Housing Authority MinutesREADING HOUSING AUTHORITY PROJECT - 689-1 BALANCE SHEET - AUGUST 31, 1994 ASSETS (W ------ Cash - Admin Petty Cash Accounts Receivable - Tenants Accounts Receivable - Subsidy (prior year) Accounts Receivable - All Others Accounts Receivable - Subsidy (current year) Revolving Fund Advances Investments Prepaid Insurance Deferred Charges - Retirement Deferred Charges - Other Development Costs Less: Development Costs Liquidation Furniture & Equipment Dev. Cost Inventory - Contra Completed Modernization Costs TOTAL ASSETS (W LIABILITIES AND SURPLUS _______________________ Accounts Payable - Vendors Accounts Payable - All Others Accounts Payable - EOCD Subsidy Overpayment Accounts Payable - Revolving Fund Accrued Liabilities Tenants Prepaid Rent Undistributed Credits Deferred Subsidy (overfunded) Grants Issued EOCD Modernization Contribution Valuation of Fixed Assets Capital Reserves Operating Reserve - 75.4% of max. (incl. N.I.) Revenue Routine Expenses Operating Subsidy Earned Prior Year Adjustments (Extraordinary Maintenance W Replacement of Equipment `- Recpts. from Sale of Equip. Betterments & Additions $3,004.82 0.00 373.18 233.16 0.00 275,331.86 0.00 1,425.00 (1,425.00) $0.00 0.00 U, U(-) 520.23 0.00 0.00 0.00 275,331.86 0.00 0.00 0.00 4,350.55 2,103.25 (1,630.91) 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL LIABILITIES AND SURPLUS 21-Sep DAR See Accountants' Compilation Report $3,004.82 V.Vo ,500.00 340.30 � 606.34 27 331.86 $28D,783.32 ====L======= $520.23 108.34 0.00 275,331.e6 4,350.55 472.34 0.00 ___ _______ $28D,783.32 ---- ------- READING HOUSING AUTHORITY 689 -1 8 units Fenton, Ew fi� & Asso,zj�lj 2 months ending 16 unit months AR Uy/ 94,C. AUGUST 31, 1994 APPROVED ACT UAL ACTUAL AMOUNT ACTUAL A5 AVAILABLE ACCOUNT BUDGET PRO RATA BUDGET TO DATE TO DATE OVER/ A FACTOR OF REMAI'DER NUMBER CLASSIFICATION AMOUNT BUDGET F,L:M. P.U.M. AMOUNT UNDER PRO RATA OF YEAR �.• OPERATING RECEIPTS 3110 SHELTER RENT - TENANT 111240 2640 127,50 130.63 1,:;245 in 50 3115 SHELTER RENT - FEDERAL SECT. R 0 is ill :00 0.00 0 0 ERR 0 ?116 SHELTER RENT - EOCD SECTION B G G 0.00 0.00 0 G ERR 0 3120 UTILITY CHARGES TO TENANTS 0 4 10,00 c,, 0;; G G ERR 0 3190 NON DWELLING RENTALS a is 0:00 0CIO, 0 r, RR 0 3610 INTEREST ON INVESTMENTS. 90 15 0.94 ia.8z 13 -� 0:8833 71 3690 OTHER OPERATING RECEIPTS {} 0 0.06 0:00 0 ? ERR 0 ?Cc ?AL ---------------------------------------------------------------------- OPERATING RECEIPTS '_2330 2055 128:44 131.45 2103 48 - 1.0235 - - - -- 10227 - -- OPERATING EXPENDITURES ADMINISTRATIVE 4110 ADMINISTRATION SALARIES 1838 306 19.15 19,74 316 -10 11,032; 1 22 4131, LEGAL G ci 0,00 O.c;F; 0 0 ERR 0 4140 COMPENSATION -BOARD MEMBERS G to 0,00 0.00 0 0 ERR 0 415% TRAVEL AND RELATED EXPENSES 54 9 0,56 0,04 1 8 t'.:c1722 53 4170 ACCOUNTING SERVICES 11200 200 12.50 12.50 200 D 1.0000 1000 4190 ADMINISTRATIVE OTHER 504 84 5.25 3.84 61 23 0,7320 14, 7 TOTAL ---------------------------------------------------------------------- ADMINISTRATIVE EXPENSE 3596 599 31.46 36,12 578 21 - 0,9649 - - - -- 3 - -- !8 423:` RESIDENT SERVICES 0 G 0,00 0,00 0 0 ERR 0 ---------------------------------------------------------------------- ORDINARY MAINTENANCE - - - - -- - -- 4410 MAINTENANCE LABOR 3148 525 32,79 34.93 559 -34 1,0645 299 442E MATERIALS AND SUPPLIES 445 74 4.64 1,33 2! 53 0.2810 124 4430 CONTRACT COSTS 331 55 3.45 0.25 4 51 0,0113 27 TOTAL ---------------------------------------------------------------------- ORDINARY MAINTENANCE 3924 654 40,88 36.5x: 584 70 - 0.8930 - - - -- ; - -- 40 GENERAL EXPENSE 4510 INSURANCE 661 110 6.89 5.94 95 15 0.8638 66 4520 PILOT 650 108 6.71 6,77 108 -0 ;.0031 42 40 EMPLOYEE BENEFIT CONTR. 1575 263 16,41 9.06 145 118 0.5510 1 30 TOTAL ---------------------------------------------------------------------- GENERAL EXPENSES 2886 481 30.06 21.77 348 133 - 0.7241 - - - -- 253B - -- RESERVES 4790 PROV. FOR OPERATING RES. 724 121 7.54 7.54 121 0 0.9972 503 4799 PROV. FOR CAPITAL RESERVE 0 0 0.00 0,00 0 0 ERR 0 4800 EOCD DIRECTED COSTS 0 0 0.00 0.00 0 0 ERR 0 4900 DEBT SER4'ICE (SECT 8 ONLY) 0 0 0.00 0.00 0 G ERR 0 TOTAL ---------------------------------------------------------------------- PROVISIONS FOR RESERVES 724 1211 1.54 7.54 121 0 - 0.9912 - - - -- - -- 03 ---------------------------------- TOTAL NON- UTILITY EXPENSES ---------------------------------------------------------------------- 11130 1855 115,94 - --------------------------------------------- 101.93 1631 224 0:8792 - 9199 - - - -- - -- ---------------------------------------------------------------------------- UTILITIES - -- 3.00 WATER & SEWER 0 0 0,00 0.00 G is ERR 0 4320 ELECTRICITY it 0 0.00 0.00 0 0 ERR 0 4330 GAS 0 G 0.00 0.00 0 G ER" 0 4340 FUEL 0 0 0.00 0.00 0 0 ERR 0 4360 ENERGY CONSERVATION 0 0 0.00 0.00 0 G ERR 0 4390 OTHER 0 0 0.00 0:00 0 0 ERR 0 TOTAL ---------------------------------------------------------------------- UTILITIES EXPENSE 0 0 0.00 0,00 0 0 - ERR - - - -- - -- 0 - -- TOTAL ---------------------------------------------------------------------- OPERATING EXPENSES 11130 1855 115.94 141,93 1631 224 - 0.8792 - - - -- 9199 NET INCOME(DEFICIT) BEFORE SUBSIDY 1200 200 12.50 29.52 472 -212 ---------- -- - - -- - -- -- Actual Subsidy ; 7 3001 Operating Subsidy Earned 0 0 0,00 0,00 0 0; Earned 0; NET INCOME(DEFICIT) ------------------------------------------------------- - - - - -; Amt Over!(L!nd r) BEFORE NONROUTiNE EXPENSES iZOG 200 12,50 29.52 472 272 ---------- Funded - - - - -- 0 ; - - - -- NONROUTINE EXPENSES AND (CREDITS) 6210 PRIOR YEAR ADJUSTMENTS 0 0 0,00 G.OG 0 G ERR 0 EX.TRAORDINARY MAINTENANCE 1200 200 12.5E 0.00 0 200 010000 1 00 ..'80 COLLECTION LOSS 0 0 0.00 0,00 0 G ERR 0 752x1 REPLACEMENT OF EQUIPMENT 0 0 0,(x11 0.00 0 0 ERR 0 1530 SALE OF FIXED ASSETS U 0 0,00 0,00 G G ERR 0 154E BETTERMENTS AND ADDITIONS 0 0 0.00 0.00 0 0 ERR 0 TOTAL NONR OUT INE EXPENSES 1200 200 12.50 0.00 0 200 0.0000 1 00 2700 ------------------------------------------------------------ NET INCOME (DEFICIT) G , O,cG 29,52 472 472 Sea ArCoUntant5 ComDi lation ReDDrt FENTON, EWALD & ASSOCIATES, P.C. CERTIFIED PUBLIC ACCOUNTANTS 471 HUNNEWELL STREET NEEDHAM, MA 02194 -1360 OFFICE: (617) 444 -6630 FAX: (617) 444 -6836 To the Board of Commissioners Reading Housing Authority 22 Frank D. Tanner Drive Reading, MA 01867 RICHARD S. FENTON, CPA TERESA A. EWALD, CPA ROBERT J. CONROY, CPA We have compiled the accompanying statements of as is and liabiliti for all programs of the Reading Housing Authority as of C l and the related statements of Revenue and Expenses and ala other supplemental schedules for all programs for the -*00 month(s) then ended, in accordance with standards established by the American Institute of Certified Public Accountants. The Reading Housing Authority prepares its financial statements on the basis of accounting prescribed by the Commonwealth of Massachusetts Executive office of Communities and Development (EOCD) and the U.S. Department of Housing and Urban Development (HUD), which is a comprehensive basis of accounting other than generally accepted accounting principles. A compilation is limited to presenting in the form of financial statements information that is the representation of the Housing Authority. We have not audited or reviewed the accompanying statements and, accordingly, do not express an opinion or any other form of assurance on them. This report is intended solely for the information and use of the Board of Commissioners and management of the Housing Authority and /or the Executive office of Communities and Development and the U. S. Department of Housing and Urban Development. This restriction is not intended to limit the distribution of this report, which is a matter of public record. Needham, Massachusetts