The Cumberland County Housing and Redevelopment Authorities operate on a fiscal year from July 1 through June 30. Housing Authority revenues for the fiscal year ending June 30, 2020, were $11,350,360.* Redevelopment Authority revenues for 2019-2020 totaled $5,014,596. For the period, Housing Authority expenses, less depreciation, were $10,769,518. The Redevelopment Authority expenses, less depreciation, were $4,420,683 for the same period.
Complete details on the financial position and reporting for the Authorities can be found in the audits.
Both Authorities are audited annually and their financial statements are made available to the public. An independent auditor, Novogradac and Company, LLP, provides a report on internal controls over financial reporting, compliance and other fiscal matters based on an audit of the Authorities’ finances performed in accordance with government auditing standards.
* 2019-2020 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.