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HOUSING AUTHORITY OF THE CITY OF SANTA ANA – FY 2022/23 Page 9 <br />The LMIHAF does not have an Excess Surplus. (Refer to calculation below.) <br />Fund Balance – June 30, 2023 $27,621,931 <br />Less Unavailable Amounts: <br /> Loans and notes (22,248,810) <br /> Land held for resale (75,000) <br /> Restricted cash and investments with fiscal agent (214,337) <br /> Liabilities – Accounts payables & deposits (2,257) <br /> Deferred inflows of revenues (6,329) <br /> Project Commitments and Monitoring (2,227,216) <br />Available Low Income Housing Funds 2,847,982 <br />Limitation (Greater of $1,000,000 or Four Years Deposits): <br /> Aggregate amounts deposited for preceding four fiscal years <br />2019 – 2020 1,371,881 <br />2020 – 2021 170,606 <br />2021 – 2022 1,246,112 <br />2022 – 2023 483,734 <br />Total deposits for the preceding four fiscal years 3,272,333 <br />Base limitation 1,000,000 <br />Greater Amount 3,272,333 <br />Computed Excess Surplus – June 30, 2023 $ - <br />XII.INVENTORY OF HOMEOWNERSHIP UNITS <br />(A)As of June 30, 2023, there was a total of 55 homeownership units and 912 rental <br />units subject to covenants or restrictions. Of this total, all 967 units had <br />affordability restrictions. <br />EXHIBIT 1