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HOUSING AUTHORITY OF THE CITY OF SANTA ANA – FY 2014/15 Page 3 <br />Implementation Plans are to be made available to the public on the City’s website <br />(http://www.santa-ana.org/cda/oversight.asp.) <br /> <br />I. AMOUNT DEPOSITED INTO LMIHAF <br /> <br />A total of $2,329,877 was deposited into the LMIHAF during the Fiscal Year. Of the total funds <br />deposited into the LMIHAF, a total of $1,582,564 was held for items listed on the ROPS. <br />II. ENDING BALANCE OF LMIHAF <br />At the close of the Fiscal Year, the ending balance in the LMIHAF was $8,361,937 of which <br />$200,000 is held for items listed on the ROPS. <br />III. DESCRIPTION OF EXPENDITURES FROM LMIHAF <br />The following is a description of expenditures from the LMIHAF by category: <br /> <br /> Fiscal Year <br />Monitoring & Administration Expenditures $266,915 <br />Homeless Prevention and Rapid Rehousing <br />Services Expenditures <br />$0 <br />Housing Development Expenditures <br /> Expenditures on Low Income Units <br /> Expenditures on Very-Low Income Units <br /> Expenditures on Extremely-Low Income Units <br /> Total Housing Development Expenditures <br />$ 40,956 <br />$0 <br />$0 <br />$683,365 <br /> <br />Total LMIHAF Expenditures in Fiscal Year $950,280 <br /> <br />The independent financial audit of the Low and Moderate Income Housing Asset Fund includes <br />an additional $683,365 in expenditures. These expenditures include real properties transferred <br />to developers as required by the disposition and development agreements and partial payment <br />of the unobligated amount identified in the Low and Moderate Income Housing Fund Due <br />Diligence Review. <br />6-5