Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Financial Report topic
No spam. Unsubscribe anytime.
Housing Authority packet shows $53.95M in total assets and $2.20M net income (Jan. 31, 2026)
Summary
The board packet included January 31, 2026 balance sheet and profit-and-loss summaries: total assets $53,952,683.95, equity $36,519,319.77, and net income (period) $2,201,232.46; staff presented the numbers for board review with no vote recorded in provided excerpts.
Staff distributed the January 31, 2026 balance sheet and income statements for board review. The packet lists total assets of $53,952,683.95 (increase of $288,314.45 from Dec. 31, 2025), total liabilities $17,433,364.18, and total equity $36,519,319.77. Current assets declined about $355,615 to $4,795,576.74, while fixed assets were reported at $43,785,894.83. Notable line items include significant SPET collections reflected in revenue lines and an increase in the BOK Debt Service Fund of $597,094.05.
Profit-and-loss detail in the packet shows net income for the Authority of $2,201,232.46 for the period noted and breakdowns by housing supply class (e.g., net ordinary income items and dividend/interest income). Staff flagged management fees, insurance, taxes and interest expense for board awareness. The March 11 excerpt does not record board action on the financials; materials were presented to the board for review.
