Louisville Housing Authority Agenda and Packet 2014 09 30

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Louisville Housing Authority Management's Discussion and Analysis December 31, 2013 MANAGEMENT'S DISCUSSION AND ANALYSIS TABLE OF CONTENTS Introduction Our Organization Using this Annual Report Financial Highlights Overview of the Financial Statements The Statement of Net Assets and the Statement of Activities Reporting BCHA's General Fund Louisville Housing Authority as a Whole General Fund Budgetary Highlights Capital Asset and Long -term Liabilities Economic Factors Contacting BCHA's Financial Management Introduction The Louisville Housing Authority's (LHA) discussion and analysis provides an overview of' the housing authority's financial activities for the fiscal year ended December 31, 2013. Readers are encouraged to consider the information presented here in conjunction with additional information that is furnished in the notes to the financial statements. This report and monthly financial statements are posted on the Boulder County Commissioner's web site at: http: / /www.bouldercounty.org /gov /meetings /pages/hearings.aspx Our Organization The Louisville Housing Authority is a corporate body created as a Colorado Public Housing Authority. LHA is committed to the residents of Louisville to deliver innovative affordable housing solutions. This commitment is furthered by a strong partnership with Boulder County Housing Authority. In 2012, LHA entered an IGA with BCHA, Boulder County, and the City of Louisville with a number of agreements including the commitment to transfer its assets and dissolve the entity. The process began in 2012, and in 2013, the last assets of the Louisville Housing Authority were merged with the Boulder County Housing Authority. This action was effective January 1, 2013 and all financial activity for properties is located within the Boulder County Housing Authority financial statements. 4 14