HomeMy WebLinkAbout2026/08/12 - ADMIN - Agenda Packets - Housing Authority - Regular Housing Authority of St. Louis Park
Meeting date: June 10, 2026
Housing Authority, St. Louis Park, Minnesota
Wednesday August 12, 2026 5 p.m.
Westwood Room, third floor
Agenda
1.Call to order - roll call
2.Approval of Minutes for June 2026
3.Hearings:
a.None
4.Presentation
a.Financial audit for fiscal year (FY) ended December 31, 2025
5.Unfinished Business
a.None
6.New Business
a.Election of officers
b.Stable Home contract, Resolution No. 792
c.Quarter 1 utilization and occupancy report
7.Communications
a.Claims Lists: June and July 2026
b.Financials: May 2026
8.Other: Next scheduled meetings: September 9, 2026, October 14, 2026
9.Adjournment
Auxiliary Aides for those with disabilities are available upon request. To make arrangements
please call the Housing Authority office at 952-924-2579 (TDD 952-924-2668) at least 96 hours
in advance of meeting.
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Unofficial Minutes
Housing Authority meeting
St. Louis Park, Minnesota
June 10, 2026
1.Call to order: The meeting was called to order at 5:04 p.m.
Roll call:
Members present:, Catherine Courtney, Thom Miller, Jolene Tanner
Members absent: Shelby Conway and Val Upsher
Staff present: Marney Olson, Nicole Randall and Angela Nelson
2.Approval of Minutes – Minutes for the April 2026 board meeting were reviewed. A
correction to the year in the header was noted prior to the meeting.
It was moved by Commissioner Tanner, seconded by Commissioner Courteny to approve the
February 2026 minutes with the correction.
Motion passed 3-0.
3.Hearings - None
4.Presentation - None
5. Unfinished Business – None
6. New Business
a.Recognition of Service, Catherine Courtney, Resolution 792. Ms. Olson read
Resolution 791 into the record, recognizing Commissioner Catherine Courtney's 29 years
of service on the Housing Authority Board beginning June 2, 1997. The resolution
acknowledged her leadership as board chair, her contributions to the growth of housing
programming and resources, and her thoughtful, conscientious approach to housing
policy. Commission Tanner and Chair Miller offered additional remarks praising her
institutional knowledge, her welcoming disposition toward newer members and her
professionalism. Staff also noted that Commissioner Courtney received the Minnesota
NAHRO Conrad Rettmer Award in 2022 recognizing outstanding commissioners.
Chair Miller stated that he wanted to add on the record that he does not understand from
a contextual (versus systems perspective) why commissioner Courtney was required to
interview for a new term and was not reappointed. He noted the institutional knowledge
that she brings is valuable in addition to her professional experience. He stated it is a
disservice to the city and the housing authority to not have commissioner Courtney
continue to service on the board.
It was moved by Commissioner Tanner and seconded by Chair Miller to approve
recognition of service, Catherine Courtney, Resolution 792. Motion passed 2-0 with
Commissioner Courtney abstaining.
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Unofficial Minutes 2
Housing Authority
June 10, 2026
b.Review and approve Housing Authority Board purpose statement. Ms. Olson
presented an updated purpose statement, requested by city council for consistency across
the city's website. The revised statement was broadened to reflect the full scope of
Housing Authority programs beyond the Housing Choice Voucher and public housing
programs. A grammatical edit was suggested to improve clarity in listing program types.
The board accepted the revised purpose statement with the noted edit.
c.Quarter 1 Utilization and occupancy report. Ms. Olson and Ms. Randall introduced a
new reporting format summarizing rental assistance utilization and public housing
occupancy by month. The board expressed interest in receiving this report on a quarterly
basis going forward.
d.Election of officers.
Motion to table the election of officers to the August 12, 2026 meeting was made by
Commissioner Tanner and seconded by Chair Courtney. Motion passed 3-0.
7. Communications
Commissioner Tanner noted that Governor Walz proclaimed the week of May 18–
22, 2026 as Minnesota Affordable Housing Week and took the opportunity to
formally recognize staff's efforts to preserve and expand affordable housing in the
community.
The Housing Authority successfully completed the public housing HUD inspection
under the new HUD NSPIRE standards.
The 2-bedroom public housing waiting list opens June 15 - 17, 2026 and the
1-bedroom waiting list will open June 29 - July 1, 2026.
The July 8, 2026 meeting is canceled.
8. Other
9. Adjournment
It was moved by Commissioner Courtney, seconded by Commissioner Tanner, to adjourn
the meeting. Motion passed 3-0.
The meeting was adjourned at 5:50 p.m.
Respectfully submitted,
______________________________
Jolene Tanner, Secretary
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Housing Authority of St. Louis Park
Meeting date: August 12, 2026
Agenda item: 4a
Title: Financial audit for fiscal year (FY) ended December 31, 2025
Recommended action: No action is required by the board. The purpose of the report is to
provide the board with the results of an independent audit conducted to review the housing
authority’s (HA) financial statements for FY ended December 31, 2025
Policy consideration: None
Summary: Each year, the housing authority is required to have an independent audit
conducted to review its financial information. Attached are the audited financial statements
and communications letter for the FY ended December 31, 2025. RedPath and Company,
certified public accountants, conducted the audit in accordance with U.S. generally accepted
auditing standards.
Overall, the housing authority is in a solid financial position to meet its outstanding obligations
and continue to operate into the reasonably foreseeable future. For FY ended 2025, the
auditor issues several reports which will be presented at the board meeting including:
Opinion regarding the fair presentation of the financial statements: The auditors plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement and presented in accordance with
Accounting Standards. The result is a “clean” or unmodified opinion issued on the
financial statements.
Report on internal controls: No internal control findings reported
Report on Minnesota legal compliance: No findings of noncompliance.
Report on compliance with federal programs: No items of compliance identified and no
questioned costs.
Rebecca Peterson, Director of Audit and Accounting Services at RedPath and Company will
present the audit results to the Board and address any questions or concerns.
Supporting documents: Audit governance letter
2025 annual audit financial report
Prepared by: Marney Olson, housing manager
Reviewed by: Angela Nelson, office assistant, community development
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ST. LOUIS PARK HOUSING AUTHORITY
TABLE OF CONTENTS
Page
Reference No.
Board of Commissioners and Administration 3
Independent Auditor's Report 7
Management's Discussion and Analysis 11
Basic Financial Statements:
Government-Wide Financial Statements:
Statement of Net Position Statement 1 21
Statement of Activities Statement 2 22
Fund Financial Statements:
Balance Sheet - Governmental Funds Statement 3 24
Statement of Revenues, Expenditures and Changes in Fund Balance -
Governmental Funds Statement 4 25
Statement of Net Position - Proprietary Funds Statement 5 26
Statement of Revenues, Expenses and Changes in Fund Net Position -
Proprietary Funds Statement 6 27
Statement of Cash Flows - Proprietary Funds Statement 7 28
Notes to Financial Statements 29
Combining Fund Statements and Schedules:
Combining Statement of Net Position - Nonmajor Proprietary Funds Statement 8 42
Combining Statement of Revenues, Expenses and Changes in Fund Net Position -
Nonmajor Proprietary Funds Statement 9 43
Combining Statement of Cash Flows - Nonmajor Proprietary Funds Statement 10 44
Schedule of Modernization Costs Schedule 1 45
Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance and
Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government
Auditing Standards 49
Minnesota Legal Compliance Report 51
Independent Auditor's Report on Compliance For Each Major Program and on Internal Control over
Compliance required by the Uniform Guidance 53
Schedule of Expenditures of Federal Awards 57
Schedule of Findings and Questioned Costs 59
Summary Schedule of Prior Audit Findings 63
INTRODUCTORY SECTION
FINANCIAL SECTION
SINGLE AUDIT AND OTHER REQUIRED REPORTS
SUPPLEMENTARY INFORMATION
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1 15
2 16
3 17
4 18
5 19
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INDEPENDENT AUDITOR'S REPORT
To the Board of Commissioners
St. Louis Park Housing Authority
St. Louis Park, Minnesota
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities, the
business-type activities, each major fund, and the aggregate remaining fund information of St.
Louis Park Housing Authority, as of and for the year ended December 31, 2025, and the related
notes to the financial statements, which collectively comprise St. Louis Park Housing Authority's
basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects,
the respective financial position of the governmental activities, the business-type activities, each
major fund, and the aggregate remaining fund information of St. Louis Park Housing Authority,
as of December 31, 2025, and the respective changes in financial position, and, where applicable,
cash flows thereof for the year then ended in accordance with accounting principles generally
accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United
States of America and the standards applicable to financial audits contained in Government
Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities
under those standards are further described in the Auditor's Responsibilities for the Audit of the
Financial Statements section of our report. We are required to be independent of St. Louis Park
Housing Authority and to meet our other ethical responsibilities, in accordance with the relevant
ethical requirements relating to our audit. We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis for our audit opinions
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in
accordance with accounting principles generally accepted in the United States of America, and
for the design, implementation, and maintenance of internal control relevant to the preparation
and fair presentation of financial statements that are free from material misstatement, whether
due to fraud or error.
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In preparing the financial statements, management is required to evaluate whether there are
conditions or events, considered in the aggregate, that raise substantial doubt about St. Louis
Park Housing Authoritys ability to continue as a going concern for twelve months beyond the
financial statement date, including any currently known information that may raise substantial
doubt shortly thereafter.
Auditors Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a
whole are free from material misstatement, whether due to fraud or error, and to issue an
auditor's report that includes our opinions. Reasonable assurance is a high level of assurance but
is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance
with generally accepted auditing standards and Government Auditing Standards will always
detect a material misstatement when it exists. The risk of not detecting a material misstatement
resulting from fraud is higher than for one resulting from error, as fraud may involve collusion,
forgery, intentional omissions, misrepresentations, or the override of internal control.
Misstatements are considered material if there is a substantial likelihood that, individually or in
the aggregate, they would influence the judgment made by a reasonable user based on the
financial statements.
In performing an audit in accordance with generally accepted auditing standards and
Governmental Auditing Standards, we:
Exercise professional judgment and maintain professional skepticism throughout the
audit.
Identify and assess the risks of material misstatement of the financial statements, whether
due to fraud or error, and design and perform audit procedures responsive to those risks.
Such procedures include examining, on a test basis, evidence regarding the amounts and
disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of St. Louis Park Housing Authority 's internal
control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of
significant accounting estimates made by management, as well as evaluate the overall
presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the
aggregate, that raise substantial doubt about St. Louis Park Housing Authority 's ability to
continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other
matters, the planned scope and timing of the audit, significant audit findings, and certain internal
control related matters that we identified during the audit.
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Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the
managements discussion and analysis, as listed in the table of contents, be presented to
supplement the basic financial statements. Such information is the responsibility of management
and, although not a part of the basic financial statements, is required by the Governmental
Accounting Standards Board who considers it to be an essential part of financial reporting for
placing the basic financial statements in an appropriate operational, economic, or historical
context. We have applied certain limited procedures to the required supplementary information
in accordance with auditing standards generally accepted in the United States of America, which
consisted of inquiries of management about the methods of preparing the information and
comparing the information for consistency with management's responses to our inquiries, the
basic financial statements, and other knowledge we obtained during our audit of the basic
financial statements. We do not express an opinion or provide any assurance on the information
because the limited procedures do not provide us with sufficient evidence to express an opinion
or provide any assurance.
Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise St. Louis Park Housing Authoritys basic financial statements. The
accompanying combining fund statements and schedules and schedule of expenditures of federal
awards, as required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, are
presented for purposes of additional analysis and are not a required part of the basic financial
statements. Such information is the responsibility of management and was derived from and
relates directly to the underlying accounting and other records used to prepare the basic financial
statements. The information has been subjected to the auditing procedures applied in the audit of
the basic financial statements and certain additional procedures, including comparing and
reconciling such information directly to the underlying accounting and other records used to
prepare the basic financial statements or to the basic financial statements themselves, and other
additional procedures in accordance with auditing standards generally accepted in the United
States of America. In our opinion, the combining fund statements and schedules, and the
schedule of expenditures of federal awards are fairly stated, in all material respects, in relation to
the basic financial statements as a whole.
Other Information
Management is responsible for the other information included in the annual report. The other
information comprises the introductory section but does not include the basic financial
statements and our auditors report thereon. Our opinions on the basic financial statements do not
cover the other information, and we do not express an opinion or any form of assurance thereon.
In connection with our audit of the basic financial statements, our responsibility is to read the
other information and consider whether a material inconsistency exists between the other
information and the basic financial statements, or the other information otherwise appears to be
materially misstated. If, based on the work performed, we conclude that an uncorrected material
misstatement of the other information exists, we are required to describe it in our report.
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Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated
June 25, 2026, on our consideration of St. Louis Park Housing Authoritys internal control over
financial reporting and on our tests of its compliance with certain provisions of laws, regulations,
contracts, and grant agreements and other matters. The purpose of that report is solely to
describe the scope of our testing of internal control over financial reporting and compliance and
the results of that testing, and not to provide an opinion on the effectiveness of St. Louis Park
Housing Authority's internal control over financial reporting or on compliance. That report is an
integral part of an audit performed in accordance with Government Auditing Standards in
considering St. Louis Park Housing Authoritys internal control over financial reporting and
compliance.
REDPATH AND COMPANY, LLC
St. Paul, Minnesota
June 25, 2026
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THE ST. LOUIS PARK HOUSING AUTHORITY
MANAGEMENTS DISCUSSION AND ANALYSIS
December 31, 2025
As management of the St. Louis Park Housing Authority (the Authority), we offer readers of the
Authoritys financial statements this narrative overview and analysis of the financial activities of the
Authority for the fiscal year ended December 31, 2025.
FINANCIAL AND DEVELOPMENT HIGHLIGHTS
The assets of the Authority exceeded liabilities at the close of the most recent fiscal year by $5,229,968.
Of this amount, $2,018,812 of unrestricted net position may be used to meet the Authoritys ongoing
obligations.
The Authoritys total net position increased by $59,084 which is due to investment earnings in the
general fund, a decrease in net position in the public housing program and an increase in net position in
the HCV, Stable Home and Kids in the Park programs. _
As of the close of the current fiscal year, the business-type activities of the Authority reported an ending
net position of $4,539,765 of which $74,515 is restricted for FSS program participants, $1,342,234 is
unrestricted, and $3,123,016 is the net investment in capital assets. The governmental activities of the
Authority reported an ending net position of $690,203, of which $676,578 is unrestricted and $13,625 is
restricted.
OVERVIEW OF THE FINANCIAL STATEMENTS
The managements discussion and analysis (MD&A) is intended to serve as an introduction to the
Authoritys basic financial statements. The Authoritys basic financial statements are comprised of
three components: 1) government-wide financial statements, 2) fund financial statements and 3) notes
to the financial statements. This report also contains supplementary information in addition to the basic
financial statements themselves.
Government-Wide Financial Statements The government-wide financial statements are designed to
provide readers with a broad overview of the Authoritys finances in a manner similar to a private-sector
business.
The Statement of Net Position presents information on all of the Authoritys assets and liabilities, with
the difference between the two reported as net position. Over time, increases or decreases in net
position may serve as a useful indicator of whether the financial position of the Authority is improving
or deteriorating.
The Statement of Activities presents information showing how the Authoritys net position changed
during the most recent fiscal year. All changes in net position are reported as soon as the underlying
event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues
and expenses are reported in this statement for some items that will not result in cash flows until future
periods (e.g. earned but unused flex leave).
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THE ST. LOUIS PARK HOUSING AUTHORITY
MANAGEMENTS DISCUSSION AND ANALYSIS
December 31, 2025
Both of the government-wide financial statements distinguish functions of the Authority that are
principally supported by interest revenue (governmental activities) from other functions that are
intended to recover all or a significant portion of their costs through user fees and charges (business-type
activities). The governmental activities of the Authority include only the governmental activity of
general government. The business-type activities of the Authority are rental properties that are either
directly owned by the Authority or owned privately. Those which are owned privately have a contract
with the Authority to provide low income housing.
The government-wide financial statements can be found on pages 21-23 of this report.
Fund Financial Statements A fund is a grouping of related accounts that is used to maintain control
over resources that have been segregated for specific activities or objectives. The Authority, like other
state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-
related legal requirements. All funds of the Authority can be divided into two categories: governmental
funds and proprietary funds.
Governmental Funds Governmental funds are used to account for essentially the same functions
reported as governmental activities in the government-wide financial statements. However, unlike the
government-wide financial statements, governmental fund financial statements focus on near-term
inflows and outflows of spendable resources, as well as on balances of spendable resources available at
the end of the fiscal year. Such information may be useful in evaluating a governments near-term
financial requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial
statements, it is useful to compare the information presented for governmental funds with similar
information presented for governmental activities in the government-wide financial statements. By
doing so, readers may better understand the long-term impact of the Authoritys near-term financial
decisions. Both the governmental funds Balance Sheet and governmental funds Statement of Revenues,
Expenditures and Changes in Fund Balances provide a reconciliation to facilitate this comparison
between governmental funds and governmental activities.
The Authority maintains one governmental fund. Information is presented separately in the
governmental fund Balance Sheet and in the governmental fund Statement of Revenues, Expenditures
and Changes in Fund Balances for the General Fund, which is considered to be a major fund.
The basic governmental fund financial statements can be found on pages 24-25 of this report.
Proprietary Funds The Authority maintains one type of proprietary fund, enterprise. Enterprise
funds are used to report the same functions presented as business-type activities in the government-wide
financial statements. The Authority uses enterprise funds to account for its Public Housing, Housing
Vouchers, Stable Home, Kids in the Park, Resident Opportunity and Self-Sufficiency (ROSS), and
Family Self-Sufficiency (FSS) Programs.
Proprietary funds provide the same type of information as the government-wide financial statements,
only in more detail. The proprietary fund financial statements provide separate information for Public
Housing, Housing Vouchers, Stable Home, Kids in the Park, ROSS, and FSS Programs. The Public
Housing, Housing Vouchers, Stable Home Programs, and Kids in the Park Programs are considered
major funds. The basic proprietary fund financial statements can be found on pages 26-28 of this report.
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THE ST. LOUIS PARK HOUSING AUTHORITY
MANAGEMENTS DISCUSSION AND ANALYSIS
December 31, 2025
Notes to the Financial Statements The notes provide additional information that is essential to a full
understanding of the data provided in the government-wide and fund financial statements. The Notes to
the Financial Statements can be found on pages 29-39 of this report.
GOVERNMENT-WIDE FINANCIAL ANALYSIS
As noted earlier, net position may serve over time as a useful indictor of a governments financial
position. In the case of the Authority, the net position was $5,229,968 at the close of the most recent
fiscal year. The largest portion of the Authoritys net position $3,123,016, or 59.7%, reflects its
investment in capital assets (e.g. land, buildings, and equipment). These capital assets are not available
for future spending. Unrestricted net position of $2,018,812, or 38.6%, may be used to meet the
Authoritys ongoing obligations. Total restricted net position of $88,140, or 1.7%, consists of $13,625
for the Louisiana Court Project and $74,515 for FSS program participants.
At the end of the fiscal year, the Authority was able to report positive balances in both categories of net
position, both for the Authority as a whole, as well for its separate governmental and business-type
activities.
Net Position
2025 2024 2025 2024 2025 2024
Current and Other Assets $690,203 $680,012 $1,977,684 $1,587,340 $2,667,887 $2,267,352
Capital and Noncurrent Assets - - 3,461,412 3,653,282 3,461,412 3,653,282
Total Assets $690,203 $680,012 $5,439,096 $5,240,622 $6,129,299 $5,920,634
Other Liabilities $ - $316 $357,479 $204,543 $357,479 $204,859
Long-Term Liabilities - - 541,852 544,891 541,852 544,891
Total Liabilities 0 316 899,331 749,434 899,331 749,750
Net Position:
Invested in Capital Assets
Net of Related Debt - - 3,123,016 3,290,481 3,123,016 3,290,481
Restricted 13,625 13,077 74,515 69,829 88,140 82,906
Unrestricted 676,578 666,619 1,342,234 1,130,878 2,018,812 1,797,497
Total Net Position 690,203 679,696 4,539,765 4,491,188 5,229,968 5,170,884
Total Liabilities and Net
Position $690,203 $680,012 $5,439,096 $5,240,622 $6,129,299 $5,920,634
Governmental Business-Type
Activities Activities Total
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THE ST. LOUIS PARK HOUSING AUTHORITY
MANAGEMENTS DISCUSSION AND ANALYSIS
December 31, 2025
Change in Net Position
2025 2024 2025 2024 2025 2024
REVENUES:
Program Revenues:
Charges for Services $ - $ - $1,020,074 $989,371 $1,020,074 $989,371
Operating Grants and Contributions 548 642 6,896,675 6,421,494 6,897,223 6,422,136
Capital Grants and Contributions - - 211,588 720,123 211,588 720,123
General Revenues:
Investment Earnings 13,481 18,758 3,132 18,787 16,613 37,545
Miscellaneous revenue - 3,881 12,799 8,421 12,799 12,302
Total Revenues 14,029 23,281 8,144,268 8,158,196 8,158,297 8,181,477
EXPENSES:
General Government 3,522 4,009 - - 3,522 4,009
Public Housing - - 1,664,333 1,820,282 1,664,333 1,820,282
Housing Vouchers - - 5,446,572 5,060,989 5,446,572 5,060,989
FSS Program - - 62,937 62,937 62,937 62,937
ROSS Program - - 86,042 79,629 86,042 79,629
Stable Home - - 577,273 500,994 577,273 500,994
Kids in the Park - - 258,534 235,229 258,534 235,229
Total Expenses 3,522 4,009 8,095,691 7,760,060 8,099,213 7,764,069
Change in Net Position 10,507 19,272 48,577 398,136 59,084 417,408
Net Position - January 1 679,696 660,424 4,491,188 4,093,052 5,170,884 4,753,476
Net Position - December 31 $690,203 $679,696 $4,539,765 $4,491,188 $5,229,968 $5,170,884
Activities Activities Total
Governmental Business-Type
Governmental Activities
Governmental activities increased the Authoritys net position by $10,507. This increase is a result of
investment earnings.
Business-Type Activities
Business-type activities increased net position by $48,577. This increase was primarily due to increase
in net position for the HCV, Kids in the Park and Stable Home programs and a decrease in net position
for the public housing program.
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THE ST. LOUIS PARK HOUSING AUTHORITY
MANAGEMENTS DISCUSSION AND ANALYSIS
December 31, 2025
Expenses and Program Revenues Business-Type Activities
$1,580,960
$5,554,169
$582,763
$1,664,333
$5,446,572
$577,273
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
$4,500,000
$5,000,000
$5,500,000
Public Housing Housing Vouchers Stable Home
Revenue Expense
$62,937
$86,042
$261,466
$62,937
$86,042
$258,534
$-
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
FSS Program ROSS Kids in the Park
Revenue Expense
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THE ST. LOUIS PARK HOUSING AUTHORITY
MANAGEMENTS DISCUSSION AND ANALYSIS
December 31, 2025
Revenues by Source Business-Type Activities
Charges for Services
12%
Operating Grants and
Contributions
85%
Capital Grants and
Contributions
3%
Expenses by Source Business-Type Activities
Public Housing
21%
Housing Vouchers
67%
FSS Program
1%
ROSS
1%
Stable Home
7%
Kids in the Park
3%
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THE ST. LOUIS PARK HOUSING AUTHORITY
MANAGEMENTS DISCUSSION AND ANALYSIS
December 31, 2025
FINANCIAL ANALYSIS OF THE GOVERNMENT'S FUNDS
Governmental Funds The focus of the Authoritys governmental funds is to provide
information on near-term inflows, outflows and balances of spendable resources. Such
information is useful in assessing the Authoritys financing requirements. In particular,
unassigned fund balance may serve as a useful measure of a governments net resources
available for spending at the end of the fiscal year.
At the end of the current fiscal year, the Authoritys governmental fund reported an ending
fund balance of $690,203, of which $676,578 is unrestricted and $13,625 is restricted.
Proprietary Funds The Authoritys proprietary funds provide the same type of information
found in the government-wide financial statements, but in more detail.
At the end of the current fiscal year, the Authoritys proprietary funds reported combined net
position of $4,539,765. Of this total, 68.8% or 3,123,016, was invested in capital assets, 1.6% or
$74,515, was restricted for FSS program participants, and 29.6%, or $1,342,234 was unrestricted.
The Public Housing Program receives grants from HUD for subsidizing operations, purchasing
of certain equipment, and dwelling and non-dwelling improvements. If a grant is for capital
expenses and all funds are spent, it is closed and the capital improvements are transferred and
capitalized into the Public Housing Fund. In addition, the grant may be used to supplement
operations of the Public Housing Fund. This year, the Public Housing Program experienced a
decrease in net position of $71,722. This is attributed to greater expenses in 2025 and
depreciation being greater than the amount of capital improvements.
The Housing Vouchers Program had an increase in net position of $111,877. This is attributed to
an increase in Housing Assistance Payments, admin fees and interest income.
The Stable Home Program had an increase in net position of $5,490 for the fiscal year. This is
attributed to an increase in admin fees.
The Kids in the Park Program had an increase in net position of $2,932. This is attributed to an
increase in admin fees.
The Resident Opportunity and Self-Sufficiency Program had a $0 change in net position.
The Family Self-Sufficiency Program had a $0 change in net position.
Budgetary Highlights
There were no modifications to any of the budgeted amounts in any program during the
fiscal year ending December 31, 2025.
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THE ST. LOUIS PARK HOUSING AUTHORITY
MANAGEMENTS DISCUSSION AND ANALYSIS
December 31, 2025
CAPITAL ASSET AND DEBT ADMINISTRATION
Capital Assets The Authoritys capital assets for its governmental and business-type
activities as of December 31, 2025, amounted to $3,461,412 (net of accumulated depreciation
and amortization). This investment in capital assets includes land, buildings, equipment, and
right-to-use subscription assets.
Capital purchases for the year were for building improvements of $211,588. Depreciation and
amortization on capital assets totaled $403,458 during the fiscal year.
Capital Assets (Net of Depreciation)
Percent
2025 2024 Change
Land $655,352 $655,352 0%
Land improvements 108,336 129,694 (16.5%)
Building 215,769 254,947 (15.4%)
Building improvements 2,383,347 2,481,823 (4.0%)
Equipment 11,061 14,738 (24.9%)
Right-to-use subscription asset 87,547 116,728 (25.0%)
Total $3,461,412 $3,653,282 (5.3%)
Business-Type Activities
Requests for Information This financial report is designed to provide a general overview of
the Authoritys finances for all those with an interest in the Authoritys finances. Questions
concerning any of the information provided in this report or requests for additional financial
information should be addressed to the City of St. Louis Park Housing Authority, Attention:
Marney Olson Housing Supervisor, 5005 Minnetonka Blvd, St. Louis Park, Minnesota, 55416,
or molson@stlouisparkmn.gov.
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Housing Authority of St. Louis Park
Meeting date: August 12, 2026
Agenda item: 6a
Title: Election of officers
Recommended action: The Board of Commissioners must elect the Chair, Vice-Chair and
Secretary to serve as officers for the Housing Authority (HA) Board for the next year from
among the Commissioners of the HA.
Policy consideration: None
Summary: The bylaws of the HA state, the Chair, Vice-Chair, and Secretary shall be elected
annually at the first regular meeting following the month of May. The board voted to table the
election at the June meeting and move the election to the next scheduled meeting on August
12, 2026.
Such officers shall hold office for one year or until their successors are elected and qualified. The
Chair, Vice-Chair and Secretary shall be elected from among the current commissioners of the
HA and shall hold office for one year or until their successors are elected and qualified.
If a position is vacated prior to the annual election, the board must elect a board member to
serve in the vacated officer position until the next annual election.
The current slate of officers is as follows:
Chair: Thom Miller
Vice-Chair: Shelby Conway
Secretary: Jolene Tanner
Prepared by: Marney Olson, housing manager
Reviewed by: Angela Nelson, community development office assistant
79
80
Housing Authority of St. Louis Park
Meeting date: August 12, 2026
Agenda item: 6b
Title: Authorization to enter into a contract with Hennepin County to administer the Stable
HOME Rental Assistance program, Resolution No. 792
Recommended action: Staff recommend the Housing Authority (HA) Board authorize entering
into a contract with Hennepin County to continue administration of the tenant-based rental
assistance program Stable HOME. The program targets families that are homeless, formerly
homeless or at imminent risk of homelessness. The effective date of the contract is April 1,
2026.
Policy consideration: Does the Housing Authority Board wish to continue to partner with
Hennepin County to administer a rental assistance program that serves homeless families and
individuals throughout suburban Hennepin County consistent with the mission and goals of
the Housing Authority?
Summary: Since 2014, Hennepin County has contracted with the HA to administer a county
tenant based rental assistance program that was created to target Hennepin County families
and singles who have chronic health problems who are in shelters. Funding for the program is
provided by Federal HOME funds received by the county and county general funds. The funds
support expenses related to rental assistance payments. The HA earns an administrative fee,
similar to the Housing Choice Voucher program, for each participant under contract on the
first of the month. The admin fee is equal to the current maximum administrative fee
established by HUD for the Metro Area, currently at $109.51 per month per participant under
contract on the first of the month. It is estimated that the HA will earn approximately $15,000
in admin fees for the remainder of 2026.
Program Specifics: The Stable HOME program provides rent assistance throughout suburban
Hennepin County to low-income singles and families who are homeless or would otherwise be
at risk of homelessness. Rental assistance participation is strictly limited to 36 months, during
which time tenants have the opportunity to establish good rental histories. Tenants also
receive direct assistance from service providers to find a permanent subsidy program or
improve their earnings to a point where they no longer need rent assistance.
The program is administered by the St. Louis Park Housing Authority, but unlike the HA’s other
rental assistance programs that have a waiting list, participants for Stable HOME are referred
to the program through the county. Participants are free to choose a rental unit anywhere in
suburban Hennepin County (Minneapolis is excluded). The tenant rent portion for Stable
HOME participants is calculated similar to the Housing Choice Voucher program. Also, like
Housing Choice Vouchers, there is a Payment Standard and Utility Allowance that determine
the maximum cost of a unit that can be chosen. The
participant selects a unit on the private market and then pays approximately 40% of their
adjusted monthly income for rent. The Housing Authority pays the subsidy amount directly to
the owner.
81
Housing Authority meeting of August 12, 2026 (Item No. 6b) Page 2
Title: Authorization to enter into a contract with Hennepin County to administer the Stable HOME Rental
Assistance program, Resolution No. 792
Families or individuals may qualify for the program if:
They have at least $600 per month in income but are at or below 50% of AMI for their
household size.
The Gross Rent (rent plus Utility Allowance) does not exceed the Payment Standard for
the bedroom size that applies.
The unit is located in suburban Hennepin County.
The unit meets minimum inspection standards, an inspection is performed by the
Housing Authority before the execution of the Housing Assistance Payment (HAP)
contract.
The property owner or manager agrees to participate in the program and agrees to sign
a HAP contract.
Program participants pay the regular security deposit. If the participant needs assistance for
the deposit, they need to attempt to obtain those funds from various agencies, Hennepin
County Emergency Assistance, or the Stable HOME program itself, if necessary.
The maximum number of households to be served on the program is 45. The program
currently has 28 households under contract and 0 household searching. Through the
partnership between Hennepin County and the HA, the Stable HOME program is serving those
households most vulnerable to being homeless.
Next Steps: The Hennepin County Board has approved funding not to exceed $78,463 for
administrative fees and rental assistance not to exceed $708,172; the same board action
approved authorization to enter into a contract with the St. Louis Park Housing Authority for
the administration of the Stable Home Program. Approval by the SLPHA board to execute a
new contract is required to access the allocated HOME funds to fund the rental assistance and
admin fees paid by Hennepin County. The execution of this contract will support
approximately 40 families for roughly 18 months.
Supporting documents: Resolution No. 792
Prepared by: Nicole Randall, housing assistance administrator
Reviewed by: Marney Olson, housing manager
82
Resolution No. 792
Resolution authorizing the Housing Authority to enter into a contract with
Hennepin County to continue administration of the Stable HOME rent assistance
WHEREAS, the Housing Authority of St. Louis Park (HA) initially entered a contract
with Hennepin County to administer the Stable HOME rental assistance program in 2014;
and
WHEREAS, the HA wishes to continue to partner with Hennepin County to administer
a rental assistance program that serves homeless families and individuals throughout
suburban Hennepin County consistent with the mission and goals of the HA; and
WHEREAS, execution of the new contract is required to access allocated Home funds
to finance the rental assistance and the administrative fee funded by Hennepin County
Housing and Redevelopment Authority; and
WHEREAS, Hennepin County has approved entering a new contract with the HA to
continue the administration of the Stable HOME program;
NOW, THEREFORE, BE IT RESOLVED, by the Housing Authority Board of St. Louis Park,
that approval is hereby given to authorize the HA to enter a contract with Hennepin County
to administer the Stable HOME program effective April 1, 2026.
Adopted by the Authority on August 12, 2026
____________________________________
, chair
_____________________________________
, secretary
ATTEST:
__________________________
Karen Barton, executive director
83
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Housing Authority of St. Louis Park
Meeting date: August 12, 2026
Agenda item: 6c
Title: Quarter 2 utilization and occupancy report
Recommended action: No action required. This report is for informational purposes only.
Policy consideration: Does the Housing Authority Board have any questions or comments
related to utilization of the rental assistance programs and occupancy in public housing?
Summary: Annually the Housing Activity report is presented to the Housing Authority board
which includes utilization and occupancy information for the St. Louis Park Housing Authority
rental assistance and public housing programs.
Staff monitor utilization and occupancy continuously throughout the year with a goal to
maximize utilization of the rental assistance programs and maintain occupancy in public
housing. The utilization and occupancy reports will be presented to the board quarterly.
Attachments: Quarterly utilization charts for the following rental assistance programs:
Housing Choice Voucher including Mainstream
Kids in the Park
Stable Home
Bring it Home
Quarterly occupancy for the public housing program
Prepared by: Marney Olson, housing manager
Reviewed by: Nicole Randall, housing assistance administrator
85
Rental Assistance Utilization Report -2026
Month
HCV PBV VASH FUP FYI MS5 Port Ins Port Outs
Total
Voucher
Utilization
Total Voucher
Utilization %
Stable
Home
Kids in the
Park
Bring It
Home
Maximum # of
vouchers 269 36 25 27 24 25 406 45 30 52
Jan 257 36 23 24 24 22 12 24 394 97%38 30 0
Feb 257 36 22 26 24 21 13 20 389 96%36 30 0
March 255 36 22 27 23 21 13 21 386 95%36 30 0
April 252 36 21 27 24 22 13 21 391 96%36 30 1
May 256 36 22 26 26 22 13 21 391 96%33 30 3
June 253 36 21 27 25 22 15 22 388 96%31 30 11
July
August
September
October
November
December
Key
HCV: the number of Housing Choice vouchers that are leased up in St. Louis Park/the max this number can be is 269
PBV: the number of project based vouchers that are leased up in St. Louis Park at Wayside, Vail Place and Bickham Court/the max this number can be is 36.
VASH: the number of Veterans Affairs Support Housing Vouchers that are leased up, either in St. Louis Park or have ported out/the max this number can be is 25.
FUP: the number of Family Unification Program Vouchers that are leased up, either in St. Louis Park or have ported out/the max this number can be is 27.
FYI: the number of Foster Youth to Independence vouchers that are leased up, either in St. Louis Park or have ported out/the max this number can be is 24.
MS5: The number of Mainstream vouchers that are leased up, either in St. Louis Park or have ported out/the max this number can be is 25.
Port Ins: the number of vouchers that belong to other HAs, but are currently leased up in SLP.
Port Outs: the number of vouchers that belong to SLP, but are currently leased up in other jurisdictions (not including special program port outs).
Overall HCV Utilization: This percentage represents the overall utilization of HCV and special purpose vouchers.
Stable Home: The number of Stable Home vouchers that are leased up/the max this number can be is 45.
Kids in the Park: The number of KIPP households that are leased up/the max this number can be is 30.
Bring It Home: The number of Bring It Home vouchers that are leased up/the max this number can be is 52.
86
Month
Louisiana Court Scattered Sites Hamilton House Total Occupancy %
Units
available 12 37 110 159
Jan 11 37 106 154 96.86%
Feb 10 37 107 154 96.86%
March 10 37 106 153 96.23%
April 10 37 106 153 96.23%
May 11 36 107 154 96.86%
June 10 36 106 152 95.60%
July
August
September
October
November
December
YTD 62 220 638 920 96.44%
Key
Louisiana Court: 12 two-bedroom units in five buildings at Louisiana Court
Scattered sites: 17 three-bedroom units, 17 four-bedroom units and 3 five-bedroom units
Hamilton House: 108 one-bedroom units, 2 two-bedroom units
Used first day of the month for occupancy numbers.
Public Housing occupancy report -2026
87
88
Agenda Item 7a. Claims list June 2026
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95
96
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99
100
101
102
Period to Date Year to Date
2999-99-999 Revenue & Expenses
3000-00-000 INCOME
3100-00-000 TENANT INCOME
3101-00-000 Rental Income
3111-00-000 Tenant Rent 89,130 426,966
3114-00-000 Less: Concessions 0 -990
3119-00-000 Total Rental Income 89,130 425,976
3120-00-000 Other Tenant Income
3120-01-000 Laundry and Vending 0 2,063
3120-02-000 Cleaning Fee 300 1,920
3120-03-000 Damages 98 592
3120-04-000 Late Charges 296 1,213
3120-06-000 NSF Charges 0 90
3120-07-000 Tenant Owed Utilities 0 1,160
3120-09-000 Other Income - Laundry 560 3,730
3121-00-000 Tenant Payment Agreement (TPA) Rent -233 606
3121-01-000 Tenant Payment Agreement (TPA) Fraud -150 5,175
3121-02-000 Tenant Payment Agreement (TPA) Other -458 -1,685
3129-00-000 Total Other Tenant Income 413 14,864
3199-00-000 TOTAL TENANT INCOME 89,543 440,841
3400-00-000 GRANT INCOME
3401-00-000 HUD PHA Operating Grants/Subsidy 55,777 103,327
3499-00-000 TOTAL GRANT INCOME 55,777 103,327
3600-00-000 OTHER INCOME
3610-00-000 Investment Income - Unrestricted 0 500
3640-00-000 Fraud Recovery 150 600
3650-00-000 Miscellaneous Other Income 0 3,215
3699-00-000 TOTAL OTHER INCOME 150 4,315
3999-00-000 TOTAL INCOME 145,470 548,483
4000-00-000 EXPENSES
4100-00-000 ADMINISTRATIVE EXPENSES
4100-99-000 Administrative Salaries
4110-00-000 Administrative Salaries 20,448 94,824
4110-04-000 Employee Benefit Contribution-Admin 7,664 36,401
4110-99-000 Total Administrative Salaries 28,111 131,225
4130-00-000 Legal Expense
4130-04-000 General Legal Expense 0 1,439
Low Income Public Housing (.ph)
Income Statement
Period = May 2026
Book = Accrual
Page 1 of 3
103
Agenda item 7b.
Financials, May 2026
Period to Date Year to Date
Low Income Public Housing (.ph)
Income Statement
Period = May 2026
Book = Accrual
4131-00-000 Total Legal Expense 0 1,439
4139-00-000 Other Admin Expenses
4140-00-000 Staff Training 0 830
4150-00-000 Travel 702 702
4170-00-000 Accounting Fees 1,444 5,504
4171-00-000 Auditing Fees 0 1,750
4189-00-000 Total Other Admin Expenses 2,146 8,786
4190-00-000 Miscellaneous Admin Expenses
4190-01-000 Membership and Fees 0 270
4190-04-000 Office Supplies 0 60
4190-07-000 Telephone 140 1,838
4190-12-000 Software 0 8,888
4190-22-000 Other Misc Admin Expenses 4,454 10,415
4191-00-000 Total Miscellaneous Admin Expenses 32,705 152,697
4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 34,851 162,922
4300-00-000 UTILITY EXPENSES
4310-00-000 Water 0 10,066
4320-00-000 Electricity 5,315 27,926
4330-00-000 Gas 2,952 27,514
4340-00-000 Garbage/Trash Removal 2,689 21,926
4390-00-000 Sewer 0 16,382
4399-00-000 TOTAL UTILITY EXPENSES 10,956 103,813
4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES
4400-99-000 General Maint Expense
4410-00-000 Maintenance Salaries 15,050 77,623
4410-05-000 Employee Benefit Contribution-Maint.5,460 25,836
4419-00-000 Total General Maint Expense 20,510 103,459
4420-00-000 Materials
4420-01-000 Maintenance Materials 3,106 15,490
4420-02-000 Supplies-Appliance 832 3,552
4429-00-000 Total Materials 3,938 19,042
4430-00-000 Contract Costs
4430-06-000 Contract-Electrical 13,548 17,221
4430-07-000 Contract-Pest Control 0 7,415
4430-09-000 Contract-Grounds 410 410
4430-10-000 Contract-Janitorial/Cleaning 1,408 7,608
4430-11-000 Contract-Plumbing 3,029 12,861
4430-13-000 Contract-HVAC 0 18,516
4430-17-000 Contract-Elevator Monitoring 294 2,976
4430-18-000 Contract-Snow Removal Contract Cost 1,740 7,374
4430-19-000 Unit Turnaround Contract Cost 2,414 4,636
4430-99-000 Contract Costs-Other 6,478 23,934
Page 2 of 3
Period to Date Year to Date
Low Income Public Housing (.ph)
Income Statement
Period = May 2026
Book = Accrual
4439-00-000 Total Contract Costs 29,320 102,952
4499-00-000 TOTAL MAINTENANCE AND OPERATIONAL EXPENSES 53,768 225,453
4500-00-000 GENERAL EXPENSES
4510-00-000 Insurance 1,047 5,235
4510-10-000 Property Insurance 4,266 21,331
4510-20-000 Liability Insurance 277 1,385
4520-00-000 Payments in Lieu of Taxes -32,678 16,108
4570-01-000 Bad Debt-Other 0 75
4590-00-000 Other General Expense 5,410 5,410
4599-00-000 TOTAL GENERAL EXPENSES -21,678 49,544
4700-00-000 HOUSING ASSISTANCE PAYMENTS
4715-01-001 Tenant Utility Payments-Public Housing 158 1,528
4715-06-000 FSS Escrow Payments 1,620 8,246
4799-00-000 TOTAL HOUSING ASSISTANCE PAYMENTS 1,778 9,774
5000-00-000 NON-OPERATING ITEMS
5100-01-000 Depreciation -Buildings 31,190 155,948
5999-00-000 TOTAL NON-OPERATING ITEMS 31,190 155,948
8000-00-000 TOTAL EXPENSES 110,865 707,455
9000-00-000 NET INCOME 34,605 -158,972
Page 3 of 3
Current Balance
0999-99-000 All
1000-00-000 ASSETS
1001-00-000 CURRENT ASSETS
1100-00-000 CASH
1110-00-000 Unrestricted Cash
1111-10-000 Cash Operating 1 717,332
1111-90-000 Petty Cash 100
1111-99-000 Total Unrestricted Cash 717,432
1112-00-000 Restricted Cash
1112-02-000 Cash Restricted-FSS Escrow 33,457
1112-99-000 Total Restricted Cash 33,457
1119-00-000 TOTAL CASH 750,889
1120-00-000 ACCOUNTS AND NOTES RECEIVABLE
1122-00-000 A/R -Tenants 28,528
1122-01-000 Allowance for Doubtful Accounts-Tenants -7,996
1122-02-000 A/R - Tenant Payment Agreement (TPA)17,291
1149-00-000 TOTAL ACCOUNTS AND NOTES RECEIVABLE 37,823
1160-00-000 OTHER CURRENT ASSETS
1162-00-000 Investments-Unrestricted 347,352
1211-00-000 Prepaid Expenses and Other Assets 44,931
1299-00-000 TOTAL OTHER CURRENT ASSETS 392,283
1300-00-000 TOTAL CURRENT ASSETS 1,180,995
1400-00-000 NONCURRENT ASSETS:
1400-01-000 FIXED ASSETS
1400-05-000 Land 655,352
1400-06-000 Buildings 3,629,598
1400-08-000 Furniture and Equipment-Admin.93,328
1400-09-000 Leasehold Improvements 655,765
1400-10-000 Site Improvement 11,219,192
1405-01-000 Accum Depreciation-Buildings -13,459,453
1410-00-000 SBITA Asset 40,855
1410-01-000 Accumulated Amortization -16,342
1420-00-000 TOTAL FIXED ASSETS 2,818,295
1499-00-000 TOTAL NONCURRENT ASSETS 2,818,295
1999-00-000 TOTAL ASSETS 3,999,290
2000-00-000 LIABILITIES & EQUITY
Low Income Public Housing (.ph)
Balance Sheet
Period = May 2026
Book = Accrual
Page 1 of 2
Current Balance
Low Income Public Housing (.ph)
Balance Sheet
Period = May 2026
Book = Accrual
2001-00-000 LIABILITIES:
2100-00-000 CURRENT LIABLITIES:
2111-00-000 A/P Vendors and Contractors 108
2114-00-000 Tenant Security Deposits 43,627
2114-02-000 Security Deposit Clearing Account 374
2114-03-000 Security Deposit-Pet 200
2116-00-000 A/P-HUD 17,330
2135-00-000 Accrued Payroll & Payroll Taxes 103,826
2137-00-000 Accrued PILOT 16,108
2145-00-000 Interprogram-Due To 7,315
2240-00-000 Tenant Prepaid Rents 13,801
2260-00-000 Accrued Compensated Absences-Current 51,587
2299-00-000 TOTAL CURRENT LIABILITIES 254,276
2300-00-000 NONCURRENT LIABILITIES:
2305-00-000 Accrued Compensated Absences-LT 15,284
2307-00-000 FSS Escrow 33,457
2310-00-000 Notes Payable - LT 255,002
2360-00-000 SBITA Liability 23,350
2399-00-000 TOTAL NONCURRENT LIABILITIES 327,093
2499-00-000 TOTAL LIABILITIES 581,370
2800-00-000 EQUITY
2809-00-000 RETAINED EARNINGS:
2809-01-000 Invested in Capital Assets-Net of Debt 3,042,173
2809-02-000 Retained Earnings-Unrestricted Net Assets 375,748
2809-99-000 TOTAL RETAINED EARNINGS:3,417,921
2899-00-000 TOTAL EQUITY 3,417,921
2999-00-000 TOTAL LIABILITIES AND EQUITY 3,999,290
Page 2 of 2
Period to Date Year to Date
2999-99-999 Revenue & Expenses
3000-00-000 INCOME
3100-00-000 TENANT INCOME
3120-00-000 Other Tenant Income
3121-01-000 Tenant Payment Agreement (TPA) Fraud -997 6,420
3129-00-000 Total Other Tenant Income -997 6,420
3199-00-000 TOTAL TENANT INCOME -997 6,420
3400-00-000 GRANT INCOME
3410-01-000 Section 8 HAP Earned 402,983 1,841,813
3410-02-000 Section 8 Admin. Fee Income 36,508 184,354
3410-04-000 Port-In Admin Fees Earned 897 7,408
3410-06-000 Port In HAP Earned 11,595 101,134
3499-00-000 TOTAL GRANT INCOME 451,983 2,134,709
3600-00-000 OTHER INCOME
3610-00-000 Investment Income - Unrestricted 197 965
3640-00-000 Fraud Recovery 1,666 3,257
3699-00-000 TOTAL OTHER INCOME 1,863 4,222
3999-00-000 TOTAL INCOME 452,849 2,145,351
4000-00-000 EXPENSES
4100-00-000 ADMINISTRATIVE EXPENSES
4100-99-000 Administrative Salaries
4110-00-000 Administrative Salaries 14,356 70,927
4110-04-000 Employee Benefit Contribution-Admin 5,954 24,079
4110-99-000 Total Administrative Salaries 20,310 95,005
4139-00-000 Other Admin Expenses
4140-00-000 Staff Training 1,118 5,056
4150-00-000 Travel 1,226 2,868
4170-00-000 Accounting Fees 1,298 2,551
4171-00-000 Auditing Fees 0 1,750
4172-00-000 Port Out Admin Fee Paid 5,142 23,405
4189-00-000 Total Other Admin Expenses 8,784 35,629
4190-00-000 Miscellaneous Admin Expenses
4190-01-000 Membership and Fees 0 270
4190-12-000 Software 0 15,696
4190-22-000 Other Misc Admin Expenses 225 1,843
4191-00-000 Total Miscellaneous Admin Expenses 20,535 112,815
4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 29,319 148,444
HCV not including MS5 (.hcv-fin)
Income Statement
Period = May 2026
Book = Accrual
Page 1 of 2
Period to Date Year to Date
HCV not including MS5 (.hcv-fin)
Income Statement
Period = May 2026
Book = Accrual
4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES
4430-00-000 Contract Costs
4430-99-000 Contract Costs-Other 1,210 6,795
4439-00-000 Total Contract Costs 1,210 6,795
4499-00-000 TOTAL MAINTENANCE AND OPERATIONAL EXPENSES 1,210 6,795
4500-00-000 GENERAL EXPENSES
4585-00-000 Port-In HAP Expense 11,595 101,134
4599-00-000 TOTAL GENERAL EXPENSES 11,595 101,134
4700-00-000 HOUSING ASSISTANCE PAYMENTS
4715-00-000 Housing Assistance Payments 301,939 1,466,567
4715-01-000 Tenant Utility Payments-Voucher 890 3,339
4715-02-000 Port Out HAP Payments 82,433 410,017
4715-06-000 FSS Escrow Payments 3,414 18,878
4799-00-000 TOTAL HOUSING ASSISTANCE PAYMENTS 388,676 1,898,801
8000-00-000 TOTAL EXPENSES 430,800 2,155,174
9000-00-000 NET INCOME 22,048 -9,824
Page 2 of 2
Current Balance
0999-99-000 All
1000-00-000 ASSETS
1001-00-000 CURRENT ASSETS
1100-00-000 CASH
1110-00-000 Unrestricted Cash
1111-10-000 Cash Operating 1 496,739
1111-99-000 Total Unrestricted Cash 496,739
1112-00-000 Restricted Cash
1112-02-000 Cash Restricted-FSS Escrow 79,645
1112-03-000 Cash Restricted-HAP -52,149
1112-99-000 Total Restricted Cash 27,496
1119-00-000 TOTAL CASH 524,235
1120-00-000 ACCOUNTS AND NOTES RECEIVABLE
1122-00-000 A/R -Tenants 4,171
1122-02-000 A/R - Tenant Payment Agreement (TPA)7,106
1130-00-000 A/R Port Ins 4,510
1131-00-000 A/R Port In Suspense -124
1149-00-000 TOTAL ACCOUNTS AND NOTES RECEIVABLE 15,663
1160-00-000 OTHER CURRENT ASSETS
1162-00-000 Investments-Unrestricted 66,381
1299-00-000 TOTAL OTHER CURRENT ASSETS 66,381
1300-00-000 TOTAL CURRENT ASSETS 606,279
1400-00-000 NONCURRENT ASSETS:
1400-01-000 FIXED ASSETS
1410-00-000 SBITA Asset 94,841
1410-01-000 Accumulated Amortization -37,936
1420-00-000 TOTAL FIXED ASSETS 56,905
1499-00-000 TOTAL NONCURRENT ASSETS 56,905
1999-00-000 TOTAL ASSETS 663,184
2000-00-000 LIABILITIES & EQUITY
2001-00-000 LIABILITIES:
2100-00-000 CURRENT LIABLITIES:
2111-00-000 A/P Vendors and Contractors -3,109
2135-00-000 Accrued Payroll & Payroll Taxes 46,648
2150-02-000 Port-In Admin Fee Suspense 19
HCV not including MS5 (.hcv-fin)
Balance Sheet
Period = May 2026
Book = Accrual
Page 1 of 2
Current Balance
HCV not including MS5 (.hcv-fin)
Balance Sheet
Period = May 2026
Book = Accrual
2240-00-000 Tenant Prepaid Rents 136
2260-00-000 Accrued Compensated Absences-Current 13,851
2299-00-000 TOTAL CURRENT LIABILITIES 57,545
2300-00-000 NONCURRENT LIABILITIES:
2305-00-000 Accrued Compensated Absences-LT 4,104
2307-00-000 FSS Escrow 79,645
2360-00-000 SBITA Liability 54,206
2399-00-000 TOTAL NONCURRENT LIABILITIES 137,955
2499-00-000 TOTAL LIABILITIES 195,499
2800-00-000 EQUITY
2807-00-000 RESERVED FUND BALANCE
2807-01-000 Reserved for Operating Activities -52,149
2808-00-000 TOTAL RESERVED FUND BALANCE -52,149
2809-00-000 RETAINED EARNINGS:
2809-02-000 Retained Earnings-Unrestricted Net Assets 519,834
2809-99-000 TOTAL RETAINED EARNINGS:519,834
2899-00-000 TOTAL EQUITY 467,684
2999-00-000 TOTAL LIABILITIES AND EQUITY 663,184
Page 2 of 2
Period to Date Year to Date
2999-99-999 Revenue & Expenses
3000-00-000 INCOME
3100-00-000 TENANT INCOME
3400-00-000 GRANT INCOME
3410-01-000 Section 8 HAP Earned 0 61,930
3410-02-000 Section 8 Admin. Fee Income 0 9,486
3499-00-000 TOTAL GRANT INCOME 0 71,416
3999-00-000 TOTAL INCOME 0 71,416
4000-00-000 EXPENSES
4100-00-000 ADMINISTRATIVE EXPENSES
4100-99-000 Administrative Salaries
4110-00-000 Administrative Salaries 1,166 5,974
4110-04-000 Employee Benefit Contribution-Admin 559 1,911
4110-99-000 Total Administrative Salaries 1,725 7,885
4139-00-000 Other Admin Expenses
4172-00-000 Port Out Admin Fee Paid 617 2,750
4189-00-000 Total Other Admin Expenses 617 2,750
4190-00-000 Miscellaneous Admin Expenses
4190-12-000 Software 0 1,081
4190-22-000 Other Misc Admin Expenses 0 570
4191-00-000 Total Miscellaneous Admin Expenses 1,725 9,536
4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 2,342 12,286
4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES
4700-00-000 HOUSING ASSISTANCE PAYMENTS
4715-00-000 Housing Assistance Payments 5,571 54,170
4715-02-000 Port Out HAP Payments 8,389 39,914
4799-00-000 TOTAL HOUSING ASSISTANCE PAYMENTS 13,960 94,084
8000-00-000 TOTAL EXPENSES 16,302 106,370
9000-00-000 NET INCOME -16,302 -34,954
Mainstream 5 (ms5)
Income Statement
Period = May 2026
Book = Accrual
Page 1 of 1
Current Balance
0999-99-000 All
1000-00-000 ASSETS
1001-00-000 CURRENT ASSETS
1100-00-000 CASH
1110-00-000 Unrestricted Cash
1111-10-000 Cash Operating 1 16,540
1111-99-000 Total Unrestricted Cash 16,540
1112-00-000 Restricted Cash
1112-03-000 Cash Restricted-HAP -32,154
1112-99-000 Total Restricted Cash -32,154
1119-00-000 TOTAL CASH -15,614
1300-00-000 TOTAL CURRENT ASSETS -15,614
1400-00-000 NONCURRENT ASSETS:
1999-00-000 TOTAL ASSETS -15,614
2000-00-000 LIABILITIES & EQUITY
2001-00-000 LIABILITIES:
2100-00-000 CURRENT LIABLITIES:
2135-00-000 Accrued Payroll & Payroll Taxes 3,929
2299-00-000 TOTAL CURRENT LIABILITIES 3,929
2499-00-000 TOTAL LIABILITIES 3,929
2800-00-000 EQUITY
2807-00-000 RESERVED FUND BALANCE
2807-02-000 Reserved for Capital Activities -32,154
2808-00-000 TOTAL RESERVED FUND BALANCE -32,154
2809-00-000 RETAINED EARNINGS:
2809-02-000 Retained Earnings-Unrestricted Net Assets 12,611
2809-99-000 TOTAL RETAINED EARNINGS:12,611
2899-00-000 TOTAL EQUITY -19,543
2999-00-000 TOTAL LIABILITIES AND EQUITY -15,614
Mainstream 5 (ms5)
Balance Sheet
Period = May 2026
Book = Accrual
Page 1 of 1
Period to Date Year to Date
2999-99-999 Revenue & Expenses
3000-00-000 INCOME
3100-00-000 TENANT INCOME
3400-00-000 GRANT INCOME
3428-00-000 FSS Income 5,094 25,471
3499-00-000 TOTAL GRANT INCOME 5,094 25,471
3999-00-000 TOTAL INCOME 5,094 25,471
4000-00-000 EXPENSES
4100-00-000 ADMINISTRATIVE EXPENSES
4190-00-000 Miscellaneous Admin Expenses
4190-23-000 Sundry Exp - STEP 5,094 25,471
4191-00-000 Total Miscellaneous Admin Expenses 5,094 25,471
4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 5,094 25,471
4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES
8000-00-000 TOTAL EXPENSES 5,094 25,471
9000-00-000 NET INCOME 0 0
(fssgrant)
Income Statement
Period = May 2026
Book = Accrual
Page 1 of 1
Current Balance
0999-99-000 All
1000-00-000 ASSETS
1001-00-000 CURRENT ASSETS
1100-00-000 CASH
1400-00-000 NONCURRENT ASSETS:
2000-00-000 LIABILITIES & EQUITY
2001-00-000 LIABILITIES:
2800-00-000 EQUITY
(fssgrant)
Balance Sheet
Period = May 2026
Book = Accrual
Page 1 of 1
Period to Date Year to Date
2999-99-999 Revenue & Expenses
3000-00-000 INCOME
3100-00-000 TENANT INCOME
3400-00-000 GRANT INCOME
3427-00-000 ROSS Revenue 7,562 30,250
3499-00-000 TOTAL GRANT INCOME 7,562 30,250
3999-00-000 TOTAL INCOME 7,562 30,250
4000-00-000 EXPENSES
4100-00-000 ADMINISTRATIVE EXPENSES
4190-00-000 Miscellaneous Admin Expenses
4190-22-000 Other Misc Admin Expenses 260 1,039
4191-00-000 Total Miscellaneous Admin Expenses 260 1,039
4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 260 1,039
4200-00-000 TENANT SERVICES
4210-02-000 Project Coordinator 7,303 29,211
4299-00-000 TOTAL TENANT SERVICES EXPENSES 7,303 29,211
4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES
8000-00-000 TOTAL EXPENSES 7,562 30,250
9000-00-000 NET INCOME 0 0
(rosssvc)
Income Statement
Period = May 2026
Book = Accrual
Page 1 of 1
Current Balance
0999-99-000 All
1000-00-000 ASSETS
1001-00-000 CURRENT ASSETS
1100-00-000 CASH
1400-00-000 NONCURRENT ASSETS:
2000-00-000 LIABILITIES & EQUITY
2001-00-000 LIABILITIES:
2800-00-000 EQUITY
(rosssvc)
Balance Sheet
Period = May 2026
Book = Accrual
Page 1 of 1
Period to Date Year to Date
2999-99-999 Revenue & Expenses
3000-00-000 INCOME
3100-00-000 TENANT INCOME
3120-00-000 Other Tenant Income
3121-01-000 Tenant Payment Agreement (TPA) Fraud -529 401
3129-00-000 Total Other Tenant Income -529 401
3199-00-000 TOTAL TENANT INCOME -529 401
3400-00-000 GRANT INCOME
3422-00-000 Hennepin County Rev 44,104 214,802
3423-00-000 Hennepin County Admin Rev 3,614 18,658
3499-00-000 TOTAL GRANT INCOME 47,718 233,460
3600-00-000 OTHER INCOME
3640-00-000 Fraud Recovery 529 1,807
3699-00-000 TOTAL OTHER INCOME 529 1,807
3999-00-000 TOTAL INCOME 47,718 235,668
4000-00-000 EXPENSES
4100-00-000 ADMINISTRATIVE EXPENSES
4100-99-000 Administrative Salaries
4110-00-000 Administrative Salaries 1,865 9,410
4110-04-000 Employee Benefit Contribution-Admin 690 3,292
4110-99-000 Total Administrative Salaries 2,555 12,702
4139-00-000 Other Admin Expenses
4170-00-000 Accounting Fees 340 660
4189-00-000 Total Other Admin Expenses 340 660
4190-00-000 Miscellaneous Admin Expenses
4190-12-000 Software 0 1,946
4191-00-000 Total Miscellaneous Admin Expenses 2,555 14,648
4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 2,895 15,308
4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES
4430-00-000 Contract Costs
4430-99-000 Contract Costs-Other 0 460
4439-00-000 Total Contract Costs 0 460
4499-00-000 TOTAL MAINTENANCE AND OPERATIONAL EXPENSES 0 460
4700-00-000 HOUSING ASSISTANCE PAYMENTS
4715-00-000 Housing Assistance Payments 42,260 211,042
Stable Home (stablehm)
Income Statement
Period = May 2026
Book = Accrual
Page 1 of 2
Period to Date Year to Date
Stable Home (stablehm)
Income Statement
Period = May 2026
Book = Accrual
4799-00-000 TOTAL HOUSING ASSISTANCE PAYMENTS 42,260 211,042
8000-00-000 TOTAL EXPENSES 45,155 226,810
9000-00-000 NET INCOME 2,563 8,858
Page 2 of 2
Current Balance
0999-99-000 All
1000-00-000 ASSETS
1001-00-000 CURRENT ASSETS
1100-00-000 CASH
1110-00-000 Unrestricted Cash
1111-10-000 Cash Operating 1 41,081
1111-99-000 Total Unrestricted Cash 41,081
1119-00-000 TOTAL CASH 41,081
1120-00-000 ACCOUNTS AND NOTES RECEIVABLE
1122-00-000 A/R -Tenants 628
1122-02-000 A/R - Tenant Payment Agreement (TPA)3,865
1129-00-000 A/R -Other 95,915
1149-00-000 TOTAL ACCOUNTS AND NOTES RECEIVABLE 100,408
1300-00-000 TOTAL CURRENT ASSETS 141,489
1400-00-000 NONCURRENT ASSETS:
1400-01-000 FIXED ASSETS
1410-00-000 SBITA Asset 5,836
1410-01-000 Accumulated Amortization -2,334
1420-00-000 TOTAL FIXED ASSETS 3,502
1499-00-000 TOTAL NONCURRENT ASSETS 3,502
1999-00-000 TOTAL ASSETS 144,991
2000-00-000 LIABILITIES & EQUITY
2001-00-000 LIABILITIES:
2100-00-000 CURRENT LIABLITIES:
2111-00-000 A/P Vendors and Contractors -4,565
2135-00-000 Accrued Payroll & Payroll Taxes 5,840
2145-00-000 Interprogram-Due To 99,357
2240-00-000 Tenant Prepaid Rents 4
2260-00-000 Accrued Compensated Absences-Current 1,760
2299-00-000 TOTAL CURRENT LIABILITIES 102,396
2300-00-000 NONCURRENT LIABILITIES:
2305-00-000 Accrued Compensated Absences-LT 521
2360-00-000 SBITA Liability 3,336
2399-00-000 TOTAL NONCURRENT LIABILITIES 3,857
Stable Home (stablehm)
Balance Sheet
Period = May 2026
Book = Accrual
Page 1 of 2
Current Balance
Stable Home (stablehm)
Balance Sheet
Period = May 2026
Book = Accrual
2499-00-000 TOTAL LIABILITIES 106,253
2800-00-000 EQUITY
2809-00-000 RETAINED EARNINGS:
2809-02-000 Retained Earnings-Unrestricted Net Assets 38,738
2809-99-000 TOTAL RETAINED EARNINGS:38,738
2899-00-000 TOTAL EQUITY 38,738
2999-00-000 TOTAL LIABILITIES AND EQUITY 144,991
Page 2 of 2
Period to Date Year to Date
2999-99-999 Revenue & Expenses
3000-00-000 INCOME
3100-00-000 TENANT INCOME
3101-00-000 Rental Income
3112-00-000 50059 HAP Subsidy 19,349 91,392
3119-00-000 Total Rental Income 19,349 91,392
3199-00-000 TOTAL TENANT INCOME 19,349 91,392
3400-00-000 GRANT INCOME
3425-00-000 Admin Fee Revenue 1,705 8,305
3426-00-000 Admin Fee Revenue- to STEP 1,550 7,550
3499-00-000 TOTAL GRANT INCOME 3,255 15,855
3999-00-000 TOTAL INCOME 22,604 107,247
4000-00-000 EXPENSES
4100-00-000 ADMINISTRATIVE EXPENSES
4100-99-000 Administrative Salaries
4110-00-000 Administrative Salaries 938 4,523
4110-04-000 Employee Benefit Contribution-Admin 377 1,696
4110-99-000 Total Administrative Salaries 1,315 6,220
4139-00-000 Other Admin Expenses
4170-00-000 Accounting Fees 340 660
4189-00-000 Total Other Admin Expenses 340 660
4190-00-000 Miscellaneous Admin Expenses
4190-12-000 Software 0 1,297
4190-23-000 Sundry Exp - STEP 0 4,450
4191-00-000 Total Miscellaneous Admin Expenses 1,315 11,967
4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 1,655 12,627
4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES
4700-00-000 HOUSING ASSISTANCE PAYMENTS
4715-00-000 Housing Assistance Payments 19,349 91,068
4799-00-000 TOTAL HOUSING ASSISTANCE PAYMENTS 19,349 91,068
8000-00-000 TOTAL EXPENSES 21,004 103,695
9000-00-000 NET INCOME 1,600 3,552
Kids in the Park (kidspark)
Income Statement
Period = May 2026
Book = Accrual
Page 1 of 1
Current Balance
0999-99-000 All
1000-00-000 ASSETS
1001-00-000 CURRENT ASSETS
1100-00-000 CASH
1110-00-000 Unrestricted Cash
1111-10-000 Cash Operating 1 22,768
1111-99-000 Total Unrestricted Cash 22,768
1119-00-000 TOTAL CASH 22,768
1120-00-000 ACCOUNTS AND NOTES RECEIVABLE
1129-00-000 A/R -Other 44,079
1149-00-000 TOTAL ACCOUNTS AND NOTES RECEIVABLE 44,079
1300-00-000 TOTAL CURRENT ASSETS 66,847
1400-00-000 NONCURRENT ASSETS:
1400-01-000 FIXED ASSETS
1410-00-000 SBITA Asset 4,377
1410-01-000 Accumulated Amortization -1,750
1420-00-000 TOTAL FIXED ASSETS 2,627
1499-00-000 TOTAL NONCURRENT ASSETS 2,627
1999-00-000 TOTAL ASSETS 69,474
2000-00-000 LIABILITIES & EQUITY
2001-00-000 LIABILITIES:
2100-00-000 CURRENT LIABLITIES:
2111-00-000 A/P Vendors and Contractors -324
2135-00-000 Accrued Payroll & Payroll Taxes 2,685
2145-00-000 Interprogram-Due To 44,342
2260-00-000 Accrued Compensated Absences-Current 599
2299-00-000 TOTAL CURRENT LIABILITIES 47,302
2300-00-000 NONCURRENT LIABILITIES:
2305-00-000 Accrued Compensated Absences-LT 178
2360-00-000 SBITA Liability 2,502
2399-00-000 TOTAL NONCURRENT LIABILITIES 2,680
2499-00-000 TOTAL LIABILITIES 49,983
2800-00-000 EQUITY
Kids in the Park (kidspark)
Balance Sheet
Period = May 2026
Book = Accrual
Page 1 of 2
Current Balance
Kids in the Park (kidspark)
Balance Sheet
Period = May 2026
Book = Accrual
2809-00-000 RETAINED EARNINGS:
2809-02-000 Retained Earnings-Unrestricted Net Assets 19,491
2809-99-000 TOTAL RETAINED EARNINGS:19,491
2899-00-000 TOTAL EQUITY 19,491
2999-00-000 TOTAL LIABILITIES AND EQUITY 69,474
Page 2 of 2
Period to Date Year to Date
2999-99-999 Revenue & Expenses
3000-00-000 INCOME
3100-00-000 TENANT INCOME
3600-00-000 OTHER INCOME
3610-00-000 Investment Income - Unrestricted 863 4,231
3611-00-000 Investment Income - Restricted 41 201
3650-00-000 Miscellaneous Other Income 649 3,570
3699-00-000 TOTAL OTHER INCOME 1,553 8,002
3999-00-000 TOTAL INCOME 1,553 8,002
4000-00-000 EXPENSES
4100-00-000 ADMINISTRATIVE EXPENSES
4139-00-000 Other Admin Expenses
4170-00-000 Accounting Fees 360 700
4189-00-000 Total Other Admin Expenses 360 700
4190-00-000 Miscellaneous Admin Expenses
4190-20-000 Bank Fees 185 997
4191-00-000 Total Miscellaneous Admin Expenses 185 997
4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 545 1,697
4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES
8000-00-000 TOTAL EXPENSES 545 1,697
9000-00-000 NET INCOME 1,009 6,305
General Fund Cocc - interco (cocc)
Income Statement
Period = May 2026
Book = Accrual
Page 1 of 1
Current Balance
0999-99-000 All
1000-00-000 ASSETS
1001-00-000 CURRENT ASSETS
1100-00-000 CASH
1110-00-000 Unrestricted Cash
1111-10-000 Cash Operating 1 240,897
1111-99-000 Total Unrestricted Cash 240,897
1119-00-000 TOTAL CASH 240,897
1120-00-000 ACCOUNTS AND NOTES RECEIVABLE
1129-00-000 A/R -Other 9,256
1149-00-000 TOTAL ACCOUNTS AND NOTES RECEIVABLE 9,256
1160-00-000 OTHER CURRENT ASSETS
1162-00-000 Investments-Unrestricted 291,132
1162-10-000 Investments-Restricted 13,826
1295-00-000 Interprogram-Due From 151,014
1299-00-000 TOTAL OTHER CURRENT ASSETS 455,972
1300-00-000 TOTAL CURRENT ASSETS 706,125
1400-00-000 NONCURRENT ASSETS:
1999-00-000 TOTAL ASSETS 706,125
2000-00-000 LIABILITIES & EQUITY
2001-00-000 LIABILITIES:
2100-00-000 CURRENT LIABLITIES:
2115-00-000 A/P Other 9,616
2299-00-000 TOTAL CURRENT LIABILITIES 9,616
2499-00-000 TOTAL LIABILITIES 9,616
2800-00-000 EQUITY
2807-00-000 RESERVED FUND BALANCE
2807-01-000 Reserved for Operating Activities 13,826
2808-00-000 TOTAL RESERVED FUND BALANCE 13,826
2809-00-000 RETAINED EARNINGS:
2809-02-000 Retained Earnings-Unrestricted Net Assets 682,682
General Fund Cocc - interco (cocc)
Balance Sheet
Period = May 2026
Book = Accrual
Page 1 of 2
Current Balance
General Fund Cocc - interco (cocc)
Balance Sheet
Period = May 2026
Book = Accrual
2809-99-000 TOTAL RETAINED EARNINGS:682,682
2899-00-000 TOTAL EQUITY 696,508
2999-00-000 TOTAL LIABILITIES AND EQUITY 706,125
Page 2 of 2
Period to Date Year to Date
2999-99-999 Revenue & Expenses
3000-00-000 INCOME
3100-00-000 TENANT INCOME
3400-00-000 GRANT INCOME
3420-00-000 Capital Fund Grants 0 3,500
3499-00-000 TOTAL GRANT INCOME 0 3,500
3999-00-000 TOTAL INCOME 0 3,500
4000-00-000 EXPENSES
4100-00-000 ADMINISTRATIVE EXPENSES
4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES
9000-00-000 NET INCOME 0 3,500
(cfp2024)
Income Statement
Period = May 2026
Book = Accrual
Page 1 of 1
Current Balance
0999-99-000 All
1000-00-000 ASSETS
1001-00-000 CURRENT ASSETS
1100-00-000 CASH
1400-00-000 NONCURRENT ASSETS:
1400-01-000 FIXED ASSETS
1400-10-000 Site Improvement 361,715
1420-00-000 TOTAL FIXED ASSETS 361,715
1499-00-000 TOTAL NONCURRENT ASSETS 361,715
1999-00-000 TOTAL ASSETS 361,715
2000-00-000 LIABILITIES & EQUITY
2001-00-000 LIABILITIES:
2800-00-000 EQUITY
2809-00-000 RETAINED EARNINGS:
2809-02-000 Retained Earnings-Unrestricted Net Assets 361,715
2809-99-000 TOTAL RETAINED EARNINGS:361,715
2899-00-000 TOTAL EQUITY 361,715
2999-00-000 TOTAL LIABILITIES AND EQUITY 361,715
(cfp2024)
Balance Sheet
Period = May 2026
Book = Accrual
Page 1 of 1
Period to Date Year to Date
2999-99-999 Revenue & Expenses
3000-00-000 INCOME
3100-00-000 TENANT INCOME
3400-00-000 GRANT INCOME
3420-00-000 Capital Fund Grants 2,950 26,725
3499-00-000 TOTAL GRANT INCOME 2,950 26,725
3999-00-000 TOTAL INCOME 2,950 26,725
4000-00-000 EXPENSES
4100-00-000 ADMINISTRATIVE EXPENSES
4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES
9000-00-000 NET INCOME 2,950 26,725
(cfp2025)
Income Statement
Period = May 2026
Book = Accrual
Page 1 of 1
Current Balance
0999-99-000 All
1000-00-000 ASSETS
1001-00-000 CURRENT ASSETS
1100-00-000 CASH
1400-00-000 NONCURRENT ASSETS:
1400-01-000 FIXED ASSETS
1400-10-000 Site Improvement 92,645
1420-00-000 TOTAL FIXED ASSETS 92,645
1499-00-000 TOTAL NONCURRENT ASSETS 92,645
1999-00-000 TOTAL ASSETS 92,645
2000-00-000 LIABILITIES & EQUITY
2001-00-000 LIABILITIES:
2800-00-000 EQUITY
2809-00-000 RETAINED EARNINGS:
2809-02-000 Retained Earnings-Unrestricted Net Assets 92,645
2809-99-000 TOTAL RETAINED EARNINGS:92,645
2899-00-000 TOTAL EQUITY 92,645
2999-00-000 TOTAL LIABILITIES AND EQUITY 92,645
(cfp2025)
Balance Sheet
Period = May 2026
Book = Accrual
Page 1 of 1
Period to Date Year to Date
2999-99-999 Revenue & Expenses
3000-00-000 INCOME
3100-00-000 TENANT INCOME
3101-00-000 Rental Income
3112-00-000 50059 HAP Subsidy 4,402 4,402
3119-00-000 Total Rental Income 4,402 4,402
3199-00-000 TOTAL TENANT INCOME 4,402 4,402
3400-00-000 GRANT INCOME
3415-00-000 Other Government Grants 0 15,850
3499-00-000 TOTAL GRANT INCOME 0 15,850
3600-00-000 OTHER INCOME
3610-00-000 Investment Income - Unrestricted 8 15
3699-00-000 TOTAL OTHER INCOME 8 15
3999-00-000 TOTAL INCOME 4,410 20,267
4000-00-000 EXPENSES
4100-00-000 ADMINISTRATIVE EXPENSES
4100-99-000 Administrative Salaries
4110-00-000 Administrative Salaries 3,846 18,887
4110-04-000 Employee Benefit Contribution-Admin 1,437 6,626
4110-99-000 Total Administrative Salaries 5,283 25,513
4190-00-000 Miscellaneous Admin Expenses
4190-22-000 Other Misc Admin Expenses 0 1,000
4191-00-000 Total Miscellaneous Admin Expenses 5,283 26,513
4199-00-000 TOTAL ADMINISTRATIVE EXPENSES 5,283 26,513
4400-00-000 MAINTENANCE AND OPERATIONAL EXPENSES
4700-00-000 HOUSING ASSISTANCE PAYMENTS
4715-00-000 Housing Assistance Payments 3,279 4,402
4799-00-000 TOTAL HOUSING ASSISTANCE PAYMENTS 3,279 4,402
8000-00-000 TOTAL EXPENSES 8,562 30,915
9000-00-000 NET INCOME -4,152 -10,649
Bring It Home (bih)
Income Statement
Period = May 2026
Book = Accrual
Page 1 of 1
Current Balance
0999-99-000 All
1000-00-000 ASSETS
1001-00-000 CURRENT ASSETS
1100-00-000 CASH
1110-00-000 Unrestricted Cash
1111-10-000 Cash Operating 1 95,920
1111-99-000 Total Unrestricted Cash 95,920
1119-00-000 TOTAL CASH 95,920
1300-00-000 TOTAL CURRENT ASSETS 95,920
1400-00-000 NONCURRENT ASSETS:
1999-00-000 TOTAL ASSETS 95,920
2000-00-000 LIABILITIES & EQUITY
2001-00-000 LIABILITIES:
2100-00-000 CURRENT LIABLITIES:
2119-90-000 Other Current Liabilities 95,570
2135-00-000 Accrued Payroll & Payroll Taxes 10,999
2299-00-000 TOTAL CURRENT LIABILITIES 106,569
2499-00-000 TOTAL LIABILITIES 106,569
2800-00-000 EQUITY
2809-00-000 RETAINED EARNINGS:
2809-02-000 Retained Earnings-Unrestricted Net Assets -10,649
2809-99-000 TOTAL RETAINED EARNINGS:-10,649
2899-00-000 TOTAL EQUITY -10,649
2999-00-000 TOTAL LIABILITIES AND EQUITY 95,920
Bring It Home (bih)
Balance Sheet
Period = May 2026
Book = Accrual
Page 1 of 1