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The LMIHAF does not have an Excess Surplus. (Refer to calculation below.) <br />Fund Balance — June 30, 2019 $33,014,290 <br />Less Unavailable Amounts <br />Loans and notes ( 28,624,000) <br />Land held for resale ( 2,855,050) <br />Restricted cash and investments with fiscal agent ( 5,898) <br />Liabilities —Accounts payables & deposits ( 97,972) <br />Deferred inflows of revenues ( 3,020) <br />Project Commitments and Monitoring ( 1,336,506) <br />Available Low Income Housing Funds 91,844 <br />Limitation (Greater of $1,000,000 or Four Years Deposits): <br />Aggregate amounts deposited for preceding four fiscal years <br />2015 — 2016 312,836 <br />2016 — 2017 138,585 <br />2017 — 2018 540,960 <br />2018 — 2019 786,125 <br />Total deposits for the preceding four fiscal years 1,778,506 <br />Base limitation 1,000,000 <br />Greater Amount 1,778,506 <br />Computed Excess Surplus — June 30, 2019 $ <br />XI I. INVENTORY OF HOMEOWNERSHIP UNITS <br />(A) As of June 30, 2019, there was a total of 60 homeownership units and 796 rental <br />units subject to covenants or restrictions. Of this total, all 856 units had <br />affordability restrictions. <br />(B) During FY 2018-19, one (1) single family unit was lost to the portfolio as the <br />borrower paid off the loan earlier than the original maturity date. <br />(C) There were no funds returned to the Housing Successor as part of an adopted <br />program that protects the former redevelopment agency's investment of moneys <br />from the former Low and Moderate Income Housing Fund in FY 2018-19. <br />(D) The Housing Authority of the City of Santa Ana has not contracted with any <br />outside entity for the management of the units. <br />HOUSING AUTHORITY OF THE CITY OF SANTA 1 1 Y /19 Page 8 <br />