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Implementation Plans are to be made available to the public on the City's website <br />(hftp://wvvw.santa-ana.or,q/cdaloversight.asp.) <br />AMOUNT DEPOSITED INTO LMIHAF <br />A total of $138,585 was deposited into the LMIHAF during the Fiscal Year. Of the total funds <br />deposited into the LMIHAF, a total of $0 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 $13,746,606 of which <br />$244,309 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 />67 <br />Homeless Prevention and Rapid Rehousing Services Expenditures $ <br />0 <br />0 <br />Housing Development Expenditures <br />➢ Expenditures on Low Income Units $ 98,746 <br />➢ Expenditures on Very -Low Income Units $ <br />➢ Expenditures on Extremely -Low Income Units $ 0 <br />D Tnfnl Mnucinn nniminnmcn4 Fvncnrli6,roc @ AA AA7 2 <br />Total LMIHAF <br />The independent financial audit of the LMIHAF includes an additional $2,520,441 for bad debt <br />expenses for loans receivable, for a total expenditure of $2,687,817. <br />The independent financial audit of the LMIHAF includes: <br />(1) an additional $131,591 for the loss on sale of land for properties transferred to the developer as <br />required by the disposition and development agreement, <br />(2) an additional $789,853 for the transfer of funds to the Successor Agency for remaining balances <br />from completed housing obligations from the ROPS, and <br />(3) $34,846 expended on moderate income units, <br />for a total expenditure of $1,055,036. <br />Including the additional items from footnotes 1 and 2 above, the total LMIHAF per the audit is <br />$3,742,853. <br />HOUSING AUTHORITY OF THE CITY OF SANTAJ%\Yft/FY 6/17 Page 3 <br />