Item HA 03 - Housing Successor Annual Report: FY 2022-23

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HOUSING AUTHORITY OF THE CITY OF SANTA ANA – FY 2022/23 Page 3 protects the former redevelopment agency’s investment of moneys from the Low and Moderate Income Housing Fund pursuant to Section 33334.3(f). This Report is to be provided to the Housing Successor’s governing body by December 31, 2023. However, the final audit opinion was not completed in time to place on the December 19, 2023 City Council meeting which delayed the presentation of this Report to January. In addition, this Report and the former redevelopment agency’s pre-dissolution Implementation Plans are to be made available to the public on the City’s website (https://www.santa-ana.org/successor- agency-oversight-board/ .) I.AMOUNT DEPOSITED INTO LMIHAF A total of $483,734 was deposited into the LMIHAF during the Fiscal Year. Of the total funds deposited into the LMIHAF, a total of $0 was held for items listed on the ROPS. II.ENDING BALANCE OF LMIHAF At the close of the Fiscal Year, the ending balance in the LMIHAF was $5,290,759 of which $0 is held for items listed on the ROPS. III.DESCRIPTION OF EXPENDITURES FROM LMIHAF The following is a description of expenditures from the LMIHAF by category: FY 2022/23 Monitoring & Administration Expenditures 1 $ 175,268 Homeless Prevention and Rapid Rehousing Services Expenditures $0 Housing Development Expenditures Expenditures on Moderate Income Units $0  Expenditures on Low Income Units $0  Expenditures on Very-Low Income Units $0  Expenditures on Extremely-Low Income Units $0  Total Housing Development Expenditures $0 Total LMIHAF Expenditures in Fiscal Year $ 175,268 ________________________________________________________________________ 1 The independent financial audit of the LMIHAF includes an adjustment of ($67,041) for bad debt expenses for loans receivable, for a total adjusted expenditure of $108,227. EXHIBIT 1