Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Accounts topic
No spam. Unsubscribe anytime.
Housing authority reviews interim financial statements and sets up new Anaconda LIH accounts
Summary
The Board reviewed interim financial statements during RAD account transitions, heard account balances (HACA checking $12,850.93; Money Market $200,000; HACA ICS Sweep $5,575,114.45) and approved vouchers tied to extraordinary expenditures.
Assistant Director Paul Fenchak presented interim financial statements and explained that many accounts remain in flux because of the RAD deal close and migration to new accounts. He reported specific balances: "The balance in Checking for HACA at First Montana was $12,850.93," Money Market balance $200,000.00, and the HACA ICS Sweep Account balance $5,575,114.45. The Board was introduced to new Anaconda LIH checking accounts for Mount Haggin Homes, Cedar Park Homes, and PJ Hagan Manor with small initial balances and separate deposit savings accounts that staff are working to populate.
The Secretary noted written vouchers were not yet available because of the account transitions, but the Assistant Director listed PHA and Pintlar extraordinary expenditures (including RAD incentive payments, taxes, elevator contract and plumbing). The Board moved to approve the extraordinary expenditures and PHA/Pintlar vouchers; motions were carried unanimously.
