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Audit report for the fiscal year ended 09.30.14

posted Jul 15, 2015, 6:18 AM by Sherry Sims
Synopsis of the Boonton Housing Authority audit report for the fiscal year ended
September 30, 2014 as required by NJSA 40A: 5A-16. The Boonton Housing Authority
primarily administers a Section 8 Housing Choice Voucher Program consisting of
approximately 159 units and owns 74 units of public housing in the community.

STATEMENT OF NET POSITION
As of September 30, 2014

Cash and Other Current Assets $ 751,545
Restricted Cash 173,228
Capital Assets – Net 2,560,511
Total Assets 3,485,284

Less: Total Liabilities 623,104
Net Position $ 2,862,180

Net Position:
Net Investment in Capital Assets 2,295,511
Restricted 109,605
Unrestricted 457,064

Total Net Position $ 2,862,180
Ċ
Sherry Sims,
Jul 15, 2015, 6:18 AM
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