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The LMIHAF does not have an Excess Surplus. (Refer to calculation below.) <br />Fund Balance — June 30, 2016 $46,541,115 <br />Less Unavailable Amounts: <br />Advance to private -purpose trust fund ( 4,751,291) <br />Community development ( 38,534,774) <br />Land held for resale ( 3,255,050) <br />Available Low Income Housing Funds <br />Limitation (Greater of $1,000,000 or Four Years Deposits): <br />Aggregate amounts deposited for preceding four fiscal years <br />2012-2013 506,303 <br />2013-2014 1,496,182 <br />2014-2015 2,329,877 <br />2015-2016 312,837 <br />Total deposits for the preceding four fiscal years 4,645,199 <br />Base limitation 1,000,000 <br />Greater Amount 4,645,199 <br />Computed Excess Surplus — June 30, 2016 <br />4 The FY 2015/16 beginning balance is restated due to the reclassification of the long-term loans <br />receivable from deferred inflows of resources, unavailable revenue, to an allowance for uncollectible <br />accounts. <br />HOUSING AUTHORITY OF THE CITY OF SANTAADFyk- F' <br />Page 8 <br />