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Housing authority reports interim balances as accounts restructure under RAD
Summary
Officials told the board that HACA accounts and Anaconda LIH accounts are being reconfigured; reported balances included HACA checking $12,850.93, Money Market $200,000, and an ICS Sweep of $5,575,114.45, while Anaconda LIH checking was $0 pending transfers.
Assistant Director Paul Fenchak told commissioners interim financial statements were provided but accounts remain in flux as the RAD close and new accounts come online. He reported HACA checking at $12,850.93, Money Market at $200,000.00 and an ICS Sweep account balance of $5,575,114.45, noting that some statements currently only show balances until full account setup is complete.
Fenchak also introduced newly created Anaconda LIH property accounts: Mount Haggin Homes checking $8,330.11, Cedar Park Homes checking $3,384.16, and P.J. Hagan Manor checking $6,516.79; deposit savings accounts for the properties were not yet funded. He said delinquent-account totals could not be calculated at present because of the tenant-account software transition.
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