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Louisville Housing Authority
<br />Management's Discussion and Analysis
<br />December 31, 2013
<br />A $604,120 decrease in total current assets from prior year is due to the merger with BCHA and the transfer of
<br />cash, tenant security deposits, capital assets (fixed assets), and other assets for the final three LHA properties.
<br />Current liabilities decreased by $47,145 and long -term liabilities decreased by $226,087 due to the transfer of the
<br />final three properties to BCHA.
<br />The ending balance for assets, liabilities and net position is $0 as of December 31, 2013.
<br />Statement of Net Position - LHA
<br />Assets
<br />Current Assets
<br />Cash and cash equivalents
<br />Restricted cash tenant deposits
<br />Restricted cash and Cash equivalents
<br />Accounts receivable:
<br />Tenants
<br />Total Current Assets
<br />2013 - LHA 2012 - LHA
<br />Primary Primary
<br />Government Government
<br />Change
<br />$0
<br />$439,764 $(439,764)
<br />12,337 (12,337)
<br />150,804 (150,804)
<br />1,215 (1,215)
<br />604,120 (604,120)
<br />Accrued interest receivable 70,515 (70,515)
<br />Due from component unit 44,205 (44,205)
<br />Notes receivable - 415,253 (415,253)
<br />Investment in partnership 322,582 (322,582)
<br />Other assets, less accumulated amortization of $18,491 - -
<br />Capital Assets
<br />Non - depreciable 277,534 (277,534)
<br />Depreciable, net - 707,785 (707,785)
<br />Total Capital Assets 985,319 (985,319)
<br />Total Assets $ - $2,441,994 $(2,441,994)
<br />Liabilities and Net Position
<br />Current Liabilities
<br />Accounts payable
<br />Accrued & other liabilities
<br />Due to other agencies
<br />Tenant security deposits payable
<br />Payment in lieu of taxes
<br />Deferred revenue
<br />Notes, mortgages, and bonds payable — current portion
<br />Total Current Liabilities
<br />$0
<br />$9,408 ($9,408)
<br />2,146 (2,146)
<br />1,435 (1,435)
<br />12,337 (12,337)
<br />2,651 (2,651)
<br />745 (745)
<br />18,423 (18,423)
<br />47,145 (47,145)
<br />17
<br />7
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