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Housing authority reports $1.48 million in savings, lower delinquencies than last year
Summary
The Authority reported total savings and investments of $1,476,076.54, an ICS sweep balance of $1,245,467.22, and delinquent accounts of $1,919.95 (down from $7,441.23 a year earlier). Pintlar accounts and delinquency figures were also presented.
At the Feb. 24 board meeting, Secretary Kaitlin Leary presented the Authority's January financial statements, reporting total savings and investments of $1,476,076.54. She said the PHA checking account balance at First Montana was $30,609.32, the Money Market balance was $200,000.00, and the ICS sweep account held $1,245,467.22.
Leary told the board that delinquent accounts for the Authority totaled $1,919.95 for the reporting period, down from $7,441.23 at the same time last year. For the Pintlar Apartments, the general fund balance was $161,246.83 (which includes a siding and windows loan); combined Pintlar savings and checking totaled $180,731.16 and delinquent accounts were $661.29, up from $30.00 the prior year.
Commissioners were provided the statements in advance for review; no motion was required on the financial report itself during the meeting.
