Finance & Accounting

The Department of Finance and Accounting (Finance) is responsible for all financial planning, reporting and analysis for the Authority. This requires maintaining and following a system of accounting policies and procedures to ensure all transactions are processed, recorded and reported properly. Finance oversees the creation of an annual budget and coordinates the analysis of variances between budget and actual results. Finance prepares and distributes periodic financial statements and ensures compliance with a variety of external reporting requirements. Specific duties include but are not limited to:

• Revenue processing and accounts receivable
• Expense processing and accounts payable
• Payroll processing
• Financial and operational reporting
• Banking operations
• Coordinating annual budget process
• Coordinating annual audit process
• Enduring compliance with federal, state and local regulations

HUD Statewide Contract
457,140,005
72%

HAP
130,133,618
20%

Investment and Other Income
35,382,706
6%

Tenant Revenue
13,917,176
2%

Total
636,573,505
100%

FYE 2023

HAP
550,930,398
90%

Administration
25,726,629
4%

General Expenses & Insurance
11,063,208
2%

Maintenance
9,211,643
2%

Depreciation
7,432,037
1%

Tenant Services
3,760,846 
1%

Utilities
1,996,345
0%

Protective Services
479,470
0%

Interest Expense
435,376
0%

Casualty Losses
7,495
0%

Total
611,043,447
100%