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Louisville Housing Authority
<br />Management's Discussion and Analysis
<br />December 31, 2013
<br />Liabilities and Net Position
<br />Current Liabilities
<br />Accounts payable
<br />Accrued & other liabilities
<br />Tenant security deposits payable
<br />Notes, mortgages and bonds payable - current
<br />portion
<br />Total Current Liabilities
<br />Long -Term Liabilities
<br />Deferred developer fee payable
<br />Due to primary government
<br />Notes, mortgages and bonds payable - net of
<br />current portion
<br />Total Long-Term Liabilities
<br />Total Liabilities
<br />Net Position
<br />Invested in capital assets, net of related debt
<br />Restricted
<br />Unrestricted
<br />Total Net Position
<br />Total Liabilities and Net Position
<br />$0
<br />$0
<br />$5,750 ($5,750)
<br />70,862 (70,862)
<br />5,300 (5,300)
<br />436,570
<br />518,482
<br />(436,570)
<br />(518,482)
<br />195,176 (195,176)
<br />44,205 (44,205)
<br />931,988 (931,988)
<br />1,171,369 (1,171,369)
<br />1,689,851 (1,689,851)
<br />444,170 (444,170)
<br />(218,396) 218,396
<br />225,774 (225,774)
<br />$1,915,625 ($1,915,625)
<br />Financial Statements - Summary of Revenues. Exnenses and Changes in Net Position
<br />Louisville Housing Authority
<br />As the final three LHA properties were transferred to BCHA in 2013, the financial statements for 2013 show no
<br />operating revenues or expenses for 2013. This reporting adjustment follows GASB Statement # 69 which defines
<br />the merger date for transfer of assets as the beginning of the reporting period (January 1) regardless of the actual
<br />transfer date.
<br />Statement of Revenues, Expenses and Changes in Net Position - LHA
<br />Operating Revenues
<br />Rental
<br />Rental subsidy
<br />Other
<br />Total operating revenues
<br />2013 - LHA 2012 - LHA
<br />Primary Primary
<br />Government Government
<br />Change
<br />$138,435 $(138,435)
<br />177,090 (177,090)
<br />1,254 (1,254)
<br />316,779 (316,779)
<br />19
<br />9
<br />
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