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Financials Plan

The Cumberland County Housing and Redevelopment Authorities operate on a fiscal year from July 1 through June 30. Housing Authority revenue for the fiscal year ending June 30, 2019, was $10,928,365.* Redevelopment Authority revenue for 2018-2019 totaled $4,033,858. For the period, Housing Authority expenses, less depreciation, were $10,655,832. The Redevelopment Authority expenses, less depreciation, were $3,592,883 for the same time.

Complete details on the financial position and reporting for the Authorities can be found in the audits.

Both Authorities are audited each year and their financial statements are made available to the public. An independent auditor, Novogradac and Company, LLP provides a report on internal control over financial reporting, compliance and other fiscal matters based on an audit of the Authorities’ finances performed in accordance with government auditing standards.

* 2018-2019 is the most recent fiscal year for which audited figures are available. The audited financial statement is released between January and March of the following year.