Fresno City Council
June 6, 2024

f. Estimate the number of unduplicated persons expected to benefit from the project:
775 unduplicated persons will receive a direct benefit from this project. g. Please indicate which of these service types will be provided and the number of unduplicated persons who will benefit.

Check if
Providing Public and Community Service Types Estimated No. Persons Assisted Operating Cost of Shelters for Persons
who are homeless or impacted by

HIV/AIDS

Rental Assistance/Subsidy 710
Supportive/Essential Services (not
duplicated with services provided in
conjunction with another activity)
65 Housing information services (not
duplicated with services provided in
conjunction with another activity)

h. Describe the homeless service or homelessness prevention program. Please include information about barriers to program participation and how the activity will address those barriers, and any information about how the activity was developed or refined in consultation with the target population. Limit description to the space provided on this and the next page.

Currently, we have over 400 families unhoused, migrant or living in transitional housing. These are Central Unified’s most vulnerable families living in unpredictable housing. Our Intervention Specialist and Family Outreach Liaisons are challenged when families are: displaced from evictions, living in places not meant for human inhabitation, loss of job, and unable to provide basic necessities like food, clothing, and transportation. Food, clothing, and transportation can easily be provided through our existing services. Rapid rehousing and homelessness prevention we can not currently provide as an internal service, and too often our neighbor organizations can not either. With these barriers in place, it can directly impact school attendance for school age children. In fact, it is common for parents to share the reason for their students' absence as living out of a car, without access to vital necessities to survive.

PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

Our Student Support Services team works tirelessly to find external resources and partnerships to assist families when we can not provide. During the 22-23 school year we worked directly with the Foundation For Central Schools to provide temporary housing vouchers for emergency shelter. This collaboration helped keep families in hotels or Airbnb’s until space became available elsewhere. As a result, we assisted 13 families with a combined total of 322 nights of emergency housing. The success of our services and partnership allowed our families to seek immediate shelter when faced with displacement.

Most importantly, students were not disrupted from their academics. With the success of the 22-23 housing vouchers we learned the demand for rapid rehousing, homelessness prevention and our outreach.

The Student Support Services Rapid Outreach Project will allow our staff to provide expanded internal resources, housing assistance, short-term rent, and utilities assistance. Similar to our 22-23 partnership with the Foundation For Central Schools. Successful participation of the project will provide stable housing and prevent families from evictions and utility shut offs. As an internal resource of Central Unified we will work directly with our families and provide assistance quickly. Our success will prevent disruptions in the classroom and achieve home life stability for at-risk students and families of Central Unified.

PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

Detailed Narrative Description of Project/Program (Continued from previous page)

PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

i. Collaboration
Briefly describe any collaboration efforts with other organizations for this project/program or related initiatives.

Collaborating Organization Description of Collaboration Foundation For Central
Schools
Food Pantry, Groceries, and Clothing Assistance
Centro La Familia Immigration Services, CalWorks Assistance, CalFresh, Bilingual Services
Randy's Closet Clothing Assistance

4. Project/Program Budget
a. Activity Budget by Funding Type
Please provide a high-level summary of the total budget by federal and nonfederal funds.

Proposed Activity Budget Amount
Total ESG, HOPWA, and/or CDBG Funds Requested $132,000.00 Total Other Federal Funds (do not include the above funds on this line)
$
Total Non-Federal Funds $
Total Proposed Activity Budget $132,000.00
PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

b. List of Funding Sources
Provide all planned funding anticipated/ committed for this activity for FY 2024- 2025. If the organization has received funding commitment letters, please attach as an exhibit to this application.

Funding Source (Name of
Funder)
Name of
Funding
Program (if
applicable)
Dollar Amount
Commitment
Status
(Committed
or Pending)
If Pending,
Expected
Commitment
Date
Foundation For Central
Schools
Well-being Pillar $6,500.00 Pending July 1, 2024

c. Activity Budget Summary and Narrative
Please complete Exhibit A – Operating Budget Summary.

The above referenced Budget worksheet is available in Excel format at www.fresno.gov/housing under ‘Notices of Funding Available.’ Please complete Exhibit B – Budget Narrative to provide a brief explanation of the expenses included in the budget.
d. Prior-Year Financial Statement
For existing programs, please attach a financial statement labeled as Exhibit D for the proposed program for the last full operating year. Failure to provide the financial statement will result in disqualification.

Part B
Exhibit A
Salaries &
Wages Fringe Benefits
Totals
(City of Fresno
HUD Funds)
Other Federal
Funds State Funds Local Govm't Funds
Private / Donor
Funds
Other Funds
(specify)
Salaries/Wages (Specify each position; add additional rows as needed) Direct Service Personnel:
[enter position title] - -
[enter position title] - -
[enter position title] - -
[enter position title] - -
[enter position title] - -
Administrative Personnel:
[enter position title] - -
[enter position title] - -
[enter position title] - -
Independent Contractors / Consultants:
[enter position title] - -
[enter position title] - -
TOTAL PERSONNEL BUDGET $ - $ - $ - $ - $ - $ - $ - $ - $ - Other Direct Costs (Include only costs that are direct; indirect costs are covered under the Indirect Cost Rate) Housing Assistance 40,000.00 40,000.00
Utilities Assistance 20,000.00 20,000.00
Short-term Rental
Assistance 60,000.00 60,000.00
-
[enter cost category] -
[enter cost category] -
[enter cost category] -
[enter cost category] -
[enter cost category] -
[enter cost category] -
[enter cost category] -
TOTAL OTHER DIRECT COSTS $ 120,000.00 $ - $ - $ - $ - $ - $ 120,000.00 INDIRECT COSTS* (Select 1 indirect rate Only)
Approved Indirect Cost Rate -
De minimus 10 % Rate 12,000.00 12,000.00

TOTAL INDIRECT COST
BUDGET $ 12,000.00 $ - $ - $ - $ - $ - $ 12,000.00
TOTAL PROJECT BUDGET $ - $ - $132,000.00 $ - $ - $ - $ - $ - $132,000.00 *An approved indirect cost rate must be applied to the base identified in the agreement with the federal cognizant agency.

Per 2 CFR 200.414, any non-federal entity that does not have a current negotiated rate may elect to charge a de minimis rate of 10% of Modified Total Direct Costs (defined in 2 CFR 200.68).

CITY OF FRESNO
OPERATING BUDGET SUMMARY (non-capital projects)
Please revise this form and annotate budget items as needed All applicants are required to submit a copy of their organization’s operating budget.

City of Fresno HUD Funds Other Funds for Project
Project Totals
(All Funds)
Budgeted Position
(Personnel) or Category
(Operations)
Part B
Exhibit B
PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

Exhibit B: Budget Narrative
Please provide a brief narrative describing the expenses included in each category of the budget summary.

Our Budget will focus on providing at-risk families with utilities or short-term rental assistance, rapid re-housing assistance to achieve stability.

A. Housing Assistance
a. Temporary housing and housing placement for Central Unified families living in places not meant for human habitation
i. Quality Inn Hotel or Airbnb - 1 night @$150.00

1. 200 nights of shelter = total $30,000.00
ii. Security deposit or first and last month’s rent assistance. Not to exceed $2000.00 per Central Unified family.

1. $2000.00 payments x 5 Families = $10,000.00
iii. Combined Total Budget = $40,000.00
B. Utilities Assistance
a. Short term utilities assistance for Central Unified families with proof of up to 3 months of late bills or final notices.
b. Utilities include: City of Fresno Utilities Bill, Biola Community Service District Water & Sewer Bills and Pacific Gas & Electric Bills.
i. Not to exceed $200.00 per family.
ii. 100 Families @$200.00 payments each = Total Budget $20,000.00 PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

C. Short-Term Rental Assistance
a. Tenant based rental assistance for Central Unified Families that are struggling to make monthly payments and are at-risk of eviction and homelessness. b. Short-term: Up to 3 months of accumulated due rent or mortgage not to exceed a 1x payment of $2500.00 per family.
c. $2500.00 x 24 families = Total budget $60,000.00
Part B
Exhibit C
PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

Exhibit C:

ESG Match Follow-Up Questions and Match Exclusions
Please identify ESG Matching Funds (eligible Match Funds only) by name of the funding source and dollar amount. Please also provide answers to the below questions.

Source of ESG Match Funds
(Eligible Match Only. Please be specific.)
Dollar ($) Amount of Match
Coordination currently needed for managing
homelessness outreach program (Student Support
Services), their salary has been identified as the match. $223,385.00
$
$
$
$
$
$
$
$
Total $223,385.00
TOTAL $ 0.00
PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

Please review the Match statements below and indicate whether they are correct or not.

In general, Federal, State, local, or private funds, other than ESG, may be used to satisfy the requirement that the subrecipient provide matching contributions to City of Fresno ESG funding, so long as the following conditions are met:

1. The matching funds to be contributed to the activity described in the NOFA Part B Application will be exclusively expended on the subrecipient’s described activity and is an allowable ESG costs.

Yes
No

2. The matching funds will not be expended before the commencement date of the applicable ESG subrecipient agreement.

Yes
No

3. The matching funds will be expended by the expenditure deadline that applies to the ESG funds being matched.

Yes
No

4. The matching funds have not been, and will not be, used to match any other Federal program’s funds nor any other ESG grant.

Yes
No

5. The subrecipient does not use ESG funds to meet another program's matching requirement.

Yes
No
PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

6. The subrecipient will keep records of the source and use of the matching funds, including the fiscal year of the ESG grant for which the matching contribution is counted.

Yes
No
Note: Because the matching funds are contributed to the ESG program and expended for the subrecipient’s allowable ESG costs, the following are not allowed to be used as match:
• SNAP benefits (food stamps) because the funds are being used to cover the program participant’s costs;
• Housing Choice Vouchers, because the funds are used to pay the PHA’s obligations under its Housing Assistance Payment contract with the owner; and • The tenant’s portion of the rent because this amount is the tenant’s obligation.

Please also note the following:
• The matching funds are provided based on the total grant amount and do not have to be provided on a component-by-component basis.
• HOME-TBRA funds cannot be used as a match because the requirements for rental assistance are significantly different between the two programs. In particular, under the HOME-TBRA program (24 CFR parts 92.209 and 92.253), subrecipient(s) may not require a program participant to accept any services (subrecipient may offer services but cannot require them). In contrast, when providing ESG homelessness prevention or rapid re-housing assistance to a program participant, the recipient or subrecipient must require the program participant to meet with a case manager not less than once per month to assist the program participant in ensuring long-term housing stability and develop a plan to assist the program participant to retain permanent housing after the ESG assistance ends (24 CFR 576.401(e)). Because of these differences in the two programs, HOME-TBRA funds may not be used as Match for the ESG funds.
• SHP funds generally cannot be used as a match, because very few activity costs are allowable under both SHP and ESG. However, in some cases, such as where SHP funds are used for HMIS or street outreach costs that are allowable under ESG, SHP funds can be counted as match in accordance with conditions 1-8 above.

Please note, however, that HMIS costs are only eligible to be used as match under ESG if they are eligible under section 576.107 and allocable to the ESG program, whether charged as direct costs or indirect costs. If the SHP HMIS funds are being used to pay for SHP projects’ data entry, those data entry costs are not allocable to the ESG program, and the funds used cannot be counted as match.

Part B
Exhibit D

Part B
Exhibit E

Letter of
Support
4605 N. Polk Ave
Fresno, CA 93727
CentralFoundation.org
February 16, 2024
The City of Fresno, Homeless and Homelessness Prevention Program Re: PY 24-25 Consolidated BOFA Part B- Application Homeless and Homelessness Prevention The Foundation for Central Schools is pleased to support the application of Central Unified for the funding of the Student Services Rapid Outreach Project, designed to provide extended services to at-risk students and their families of Central Unified. Through the in-depth student support the Student Services and Family Outreach team provide, a numerous amount of families will be provided vital resources to prevent unhousing.

This new initiative of expanded care has the potential to be a major benefit for the Central Unified culturally and diverse families that live in the City of Fresno, County of Fresno and City of Biola. Often Central Unified families have complex needs and struggle to access relevant and appropriate information and resources. Especially services that are located more than a few miles from their school site. We believe that the proposed project is a good model of collaboration between the public school system and the community at large. These services are directly serving the youth to provide housing stability and education.

In addition, the Foundation is committed to providing a small annual allowance of monies to the Well-Being Pillar starting July 1 of the 24-25 school year. Of which, Ms. Maisie Young, Student Support Services Supervisor will directly oversee and allocate amongst the needs of the students.

The Foundation for Central Schools remains committed to continuing to work together with Central Unified and its departments combatting homelessness and homeless prevention services and we wholeheartedly support their funding
Sarah Ruiz, President Date
Foundation For Central Schools
CentralFoundation.org
2-16-24
Homeless Services and
Homelessness Prevention
Fresno Housing Authority

Part A, Exhibit 1

Part A, Exhibit 2

Housing Authority of
the City of Fresno
Fresno, California
Annual Comprehensive Financial Report
Year Ended
December 31, 2022

HOUSING AUTHORITY OF THE CITY OF FRESNO
Annual Comprehensive Financial Report
For the Year Ended December 31, 2022
Issued by
Accounting & Finance Department

HOUSING AUTHORITY OF THE CITY OF FRESNO
Fresno, California
Year Ended December 31, 2022

TABLE OF CONTENTS
Page
Introductory Section
Transmittal Letter iv
Organizational Chart viii
List of Principal Officials ix
Certificate of Achievement for Excellence in Financial Reporting x Financial Section
Independent Auditor’s Report 1
Management’s Discussion and Analysis 5
Basic Financial Statements:

Statement of Net Position 12
Statement of Revenues, Expenses and Changes in Net Position 15 Statement of Cash Flows 17
Notes to the Basic Financial Statements 20
Required Supplementary Information:

Schedule of Changes in Net Pension Liability and Related Ratios 68 Schedule of Pension Plan Contributions 69
Other Supplementary Information:

Schedule of Modernization Costs for Completed Projects 71 Financial Data Schedule 75
Statistical Section
Net Position by Component (Table 1) 87
Change in Net Position (Table 2) 88
Operating Revenues by Source (Table 3) 89
Non-Operating Revenues by Source (Table 4) 90
Ratio of Debt to Capital Assets (Table 5) 91
Tenant Demographics – Population Statistics (Table 6) 92 Principal Employers (Table 7) 93
Regional Demographics – Population Statistics (Table 8) 94 Property Characteristics and Dwelling Unit Composition (Table 9) 95 Employee Demographics (Table 10) 96
Single Audit Section
Independent Auditor’s Reports 98
Schedule of Expenditures of Federal Awards 103
Notes to Schedule of Expenditures of Federal Awards 104 Schedule of Findings and Questioned Costs 105

Housing Authority of
the City of Fresno
Fresno, California

Introductory Section:

Letter of Transmittal

Organizational Chart
List of Principal Officials
Certificate of Achievement for Excellence in
Financial Reporting

iv
September 27, 2023
Members of the Board of Commissioners of
the Housing Authority of the City of Fresno:

We are pleased to present the Annual Comprehensive Financial Report for the Housing Authority of the City of Fresno (Agency) for the year ended December 31, 2022. This report is prepared in conformance with standards of financial reporting as established by the Governmental Accounting Standards Board and the Government Finance Officers Association. The U.S. Department of Housing and Urban Development (HUD) requires that all public housing authorities publish within nine months after the fiscal year end, financial statements presented in conformity with U.S. Generally Accepted Accounting Principles (GAAP). The agency’s financial statements have been audited by CohnReznick LLP, a firm of licensed independent auditors. The purpose of the independent audit is to provide reasonable assurance that the audited financial statements are free from material misstatement. The auditors issued an unmodified opinion on the Housing Authority of the City of Fresno’s financial statements for the year ended December 31, 2022. The data presented in this report is the responsibility of the management of Agency. To the best of our knowledge and belief, the data presented is accurate in all material aspects and is presented in a manner designed to fairly state the financial position and results of operations of the Agency. All disclosures necessary have been included to enable the reader to gain an understanding of Agency’s financial affairs. As required by GAAP, management has provided a narrative introduction, overview and analysis to complement the basic financial statements in the form of Management’s Discussion and Analysis (MD&A). This transmittal letter is designed to complement the MD&A and should be read in conjunction with it. The Agency’s MD&A can be found immediately following the Independent Auditor’s Report.

Government Overview
The Housing Authority of the City of Fresno was established by a resolution of the Fresno City Council on March 14, 1940. Agency was founded under the Health and Safety Code of the State of California and the United States Housing Act of 1937, and is governed by a seven-member Board of Commissioners appointed by the Mayor of the City of Fresno, where five members are appointed to four-year terms, and two members, also residents of the Agency’s housing program, are appointed to two-year terms. The Housing Authority of the City of Fresno has been operating in conjunction with the Housing Authority of Fresno County since 1995 under a Joint Exercise of Powers Agreement, which authorizes the two agencies to pool resources and cooperate on designated projects of mutual interest. Collectively known as Fresno Housing (FH), the two housing authorities serve Fresno County under a variety of programs with the mission to create and sustain vibrant communities.
1331 Fulton Street
Fresno, California 93721
(559) 443‐8400
TTY (800) 735‐2929
www.fresnohousing.org
v
Fresno Housing’s mission is accomplished by administering a number of programs developed by HUD, including the Public Housing Program, the Section 8 Housing Choice Voucher Program and the Project Based Section 8 Program. FH’s primary source of funding comes from HUD, who has direct responsibility for administering housing program under the Housing Act of 1937. FH also receives funding from the U.S. Department of Agriculture’s Rural Development Program to provide farm labor housing in the City of Fresno. In addition to these federal programs, FH has established various instrumentalities, affiliates and partnerships to explore and develop innovative methods for offering housing opportunities to lowand moderate-income residents of Fresno County. Altogether, FH provides affordable housing to more than 40,000 of Fresno’s lowest-income families, elderly, veterans, and persons with disabilities, making FH the County’s largest provider of affordable housing.

Economic Condition and Outlook
Over these past seven decades, Fresno Housing has been flexible in adhering to complex and demanding government mandates, while continuously attempting to meet the housing needs of Fresno’s diverse communities. As FH looks to the future, FH continue to consider ways to advance affordable housing opportunities by growing programs strategically, by maximizing the potential of its resources – increasing its effectiveness and expanding its capacity – and by responding appropriately to the specific issues facing the ever-changing communities of Fresno County.

Congressional housing legislation and the Federal budget affect the FH more than local economic factors.

FH's primary source of funding is HUD. As with most housing authorities, a majority of FH's operating and capital funding comes from federal sources in the form of operating subsidies, capital grant funds and Section 8 Housing Assistance Payments (HAP). In FY 2022, HUD and other federal agencies provided approximately 81% of the Agency’s total operating revenues. For the Public Housing program, housing authorities receive operating subsidies in accordance with an operating subsidy funding formula.

In general, the calculated subsidy amount is the difference between an estimate of operating costs minus an estimate of income from rents. Operating subsidies are subject to annual appropriation by Congress.

In 2022, the Public Housing program was funded at 104.93% of eligibility. Funding for Section 8 was prorated at 100% for HAP and 89% of eligibility for administrative fees.

Major Initiatives
Fresno Housing envisions an engaged community, where all residents have access to quality housing that contributes to vibrant neighborhoods, and where all residents are empowered to achieve their educational and economic goals. Fresno Housing continues to focus on four primary strategies, as it works toward its broad, community-building mission and vision.

Place. Develop and maintain quality affordable housing for low-income residents throughout the County.

People. Design, implement, and sustain exceptional programs that invest in residents and program participants to become self-fulfilled through an array of educational, employment, and economic platforms.

Partnership. Lead, encourage, and build partnerships with local, regional, and national organizations to promote policies that build community that increase and enhance affordable housing options, and that provide programs that reflect and support the diverse needs to housing participants. vi
Public. Generate public will to address the housing needs to low-income households in Fresno, and throughout California, by contributing to effective national and statewide advocacy efforts and by implementing programs that educate and encourage residents of County of Fresno to have a voice in housing and civic issues.

It is FH’s mission to serve the residents of Fresno by developing and expanding the availability of quality affordable housing options throughout the County by growing and preserving appropriate residential assets and increasing housing opportunities for low-income residents. Over the past decade, FH has been one of the most productive affordable housing developers in the Central Valley, building and renovating over 2,500 units and bringing over $606 million dollars of private investment to Fresno County.

These efforts are mainly accomplished through the Low-Income Housing Tax Credit Program (LIHTC) and HUD’s Rental Assistance Demonstration (RAD). These two programs allow FH to leverage public and private debt and equity in order to construct and/or rehabilitate affordable housing stock.

In 2022, Arthur @ Blackstone located at in an area of high demand in Fresno, CA. The site plan is designed for mixed-use 41 units and up to 4,200 square feet of renovated commercial space. The project was financed with $17.4 million of LIHTC financing, as well as investments from City of Fresno, HCD and Fresno Housing. The financial closing was completed in May 2022 and construction is expected to be completed by Q4, 2023.

In 2022, Promega Commons is one of the motel conversion projects along Parkway Drive. The site plan is designed for 64-unit large family development with an approximately 1,600 square foot community room. The project was financed with $19.3 million of LIHTC financing, as well as investments from City of Fresno and Fresno Housing. The financial closing was completed in June 2022 and construction is expected to be completed by Q4, 2023.

Other on-going, FH initiatives include a Landlord Outreach Program, Workforce Development Pilot, Research, Program Evaluation, and Analysis, the California Avenue Neighborhood Plan, Diversity Equity and Inclusion Plan, and a Resident Safety Program.

Financial Information
Fresno Housing’s management is responsible for establishing and maintain a proper internal control structure to safeguard its assets and ensure accounting data is accurately presented in conformance with GAAP. FH has designed its internal control structure to provide reasonable, but not absolute, assurances that these objectives are met. The concept of reasonable assurance recognizes that: (1) the costs of a control should not exceed the benefits likely to be derived, and (2) the valuation of costs and benefits requires estimates and judgment by management.

As a recipient of federal awards, FH is responsible for ensuring that adequate internal controls are in place to provide compliance with applicable laws, regulations, contracts and grants related to those programs. These internal controls are subject to periodic evaluation by management, and their independent auditors. As part of FH's single audit, the adequacy of internal controls are tested, including that portion related to federal award programs, as well as FH’s compliance with applicable laws, regulations, contracts and grants. The FH's single audit for the year ended December 31, 2022, found vii
no instances of material weakness in the internal controls. Reports were prepared for this purpose and are included in this financial report in the Single Audit Section.

FH exercises budgetary controls over all programs through a variety of internal control mechanisms.

Automated systems allow checking for purchases against expenditure budgets and accounts. Secondary budgetary control is maintained by the encumbrance of estimated purchase amounts and contracts prior to releasing payments on the purchase orders. Third is an automated inquiry system, which allows the user to look up account information to check budgets and detailed charges against budgets. Budget to actual reports are presented to the FH Board and management for all FH programs on a monthly basis.

Awards
The Government Finance Officers Association of the United States and Canada (GFOA) awarded the Certificate for Achievement for Excellence in Financial Reporting to Fresno Housing of the City of Fresno for it’s Annual Comprehensive Financial Report for the year ended December 31, 2021. This was the third year that the FH has achieved this prestigious award. A Certificate of Achievement for Excellence in Financial Reporting is valid for a period of one year.

Acknowledgements
Preparation of the Annual Comprehensive Financial Report is made possible through the dedicated service of the entire staff of the Accounting and Finance Department. Our sincere appreciation is extended to the management and staff of CohnReznick, LLP who provided the necessary professional auditing services and technical assistance.

In closing, without the leadership and support of the members of the Boards of Commissioners, preparation of this report would not have been made possible.

Respectfully Submitted,
Tyrone Roderick Williams
Chief Executive Director
viii
Housing Authority of the City of Fresno
Organizational Chart
December 31, 2022

Board of
Commissioners
CEO/ Executive
Director
Deputy Executive
Director
Human Resources &
Organizational   Finance&
Development Administrative Services
Planning & Community
Development&
Housing Management
Strategic Initiatives &
Housing Programs
Neighborhood
Initiatives Communication
Human Resources Budget & Finance Real Estate
Development Housing Choice
Training &
Development Accounting Housing Management Resident Services IT/ IS Construction
Operations
Procurement & Policies
ix
Housing Authority of the City of Fresno
List of Principal Officials
December 31, 2022
Board of Commissioners: Management:

Adrian Jones Tyrone Roderick Williams
Chairperson Chief Executive Director

Sharon Williams Tammy Townsend
Vice-Chairperson Deputy Executive Officer

Isaiah Green Michael Duarte
Commissioner Chief Real Estate Officer

Areli Rios Marc’ Bady
Commissioner Chief Inclusion and Empowerment Officer

Ruby Yanez Brandy Woodard
Commissioner Chief of Housing Choice Programs and Initiatives

Emogene Nelson
Commissioner

Paul Idsvoog
Commissioner
x
1 Independent Auditor's Report
To the Board of Commissioners
Housing Authority of the City of Fresno
Report on the Audit of the Financial Statements
Opinion
We have audited the financial statements of the business-type activities of the Housing Authority of the City of Fresno (the "Agency"), as of and for the year ended December 31, 2022, and the related notes to the financial statements, which collectively comprise the Agency’s basic financial statements as listed in the table of contents.

In our opinion, based on our audit and the report of the other auditor, the accompanying financial statements present fairly, in all material respects, the financial position of the business-type activities of the Housing Authority of the City of Fresno, as of December 31, 2022, and the changes in its financial position and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.

We did not audit the financial statements of Silvercrest, Inc., a joint venture of the Agency. The Agency's investment in Silvercrest, Inc. as of December 31, 2022 of $13,799,436 is included in investments in joint ventures in the statement of net position and the Agency's share of Silvercrest, Inc.'s loss for the year then ended of $2,268,833 is included in share of joint venture income in the statement of revenues, expenses and changes in net position. Those financial statements were audited by another auditor whose report thereon has been furnished to us, and our opinion, insofar as it relates to the amounts included for the Agency’s investment in Silvercrest, Inc. is based solely on the report of the other auditor.

Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. The financial statements of Silvercrest, Inc. were not audited in accordance with Government Auditing Standards. We are required to be independent of the Agency and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Responsibilities of Management for the Financial Statements The Agency’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

2 In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Agency’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.

Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS and Government Auditing Standards, we:
• Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Agency’s internal control. Accordingly, no such opinion is expressed.
• Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
• Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Agency’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.

Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management's discussion and analysis, the schedule of changes in net pension liability and related ratios, and the schedule of pension plan contributions as listed in the table of contents be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who

3 considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Supplementary Information
Our audit was conducted for the purpose of forming an opinion on the financial statements that collectively comprise the Agency’s basic financial statements. The Schedule of Modernization Costs for Completed Projects, the Financial Data Schedule required by the U.S. Department of Housing and Urban Development ("HUD") and the Schedule of Expenditures of Federal Awards, as required by Title 2 U.S.

Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, are presented for purposes of additional analysis and are not a required part of the basic financial statements.

The Schedule of Modernization Costs for Completed Projects, the Financial Data Schedule required by HUD, and the Schedule of Expenditures of Federal Awards as listed in the table of contents as other supplementary information are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements.

Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the Schedule of Modernization Costs for Completed Projects, the Financial Data Schedule required by HUD, and the Schedule of Expenditures of Federal Awards as listed in the table of contents as other supplementary information are fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Information
Management is responsible for the other information included in the annual comprehensive financial report. The other information comprises the introductory and statistical sections included in the annual comprehensive financial report but does not include the financial statements and our auditor's report thereon. Our opinion on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.

4 Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated September 27, 2023, on our consideration of the Agency's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Agency's internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Agency's internal control over financial reporting and compliance.

Sacramento, California
September 27, 2023
Housing Authority of the City of Fresno
Management’s Discussion and Analysis
Year Ended December 31, 2022
5 Introduction
This narrative overview and analysis of the Housing Authority of the City of Fresno’s (the “Agency”) performance through December 31, 2022, is provided as a supplement to the Agency’s year-end financial statements. Please read it in conjunction with the basic financial statements and the notes to the basic financial statements.

Overview of the Basic Financial Statements
The Agency’s Basic Financial Statements consist of the following:
– Statement of Net Position
– Statement of Revenues, Expenses and Changes in Net Position – Statement of Cash Flows
– Notes to the Basic Financial Statements
– Required Supplementary Information
– Other Supplementary Information
The Agency, like other governmental and quasi-governmental entities, uses fund accounting to ensure and demonstrate compliance with funding-related requirements. The funds are combined in a Proprietary Fund, which is a single “enterprise fund” with “business-type” activities intended to recover all or a portion of their costs through fees and charges for services. The Proprietary Fund presents the activities of the Agency as a whole.

The specific financial activities of the Agency have been presented within the following:
– The Statement of Net Position includes all of the Agency’s assets and deferred outflow of resources (DOR) and liabilities and deferred inflow of resources (DIR), with the difference between the two reported as the net position. Assets and liabilities are presented in the order of liquidity and are classified as “current” (convertible to cash within one year) and “non-current”.

This statement also provides a basis of measuring the liquidity and financial flexibility of the Agency. Over time, increases or decreases in net position will serve as a useful indicator of whether the Agency’s financial health is improving or deteriorating. – The Statement of Revenues, Expenses and Changes in Net Position reports the Agency’s revenues by source and its expenses by category to substantiate the changes in net position for the year. This statement measures the success of the Agency’s operations over the past year. – The Statement of Cash Flows reports how the Agency’s cash was provided and used during the year. It also provides information about the Agency’s operating, investing, and financing activities, and can be used to reconcile cash balances at December 31, 2022 and 2021. Fundamentally, this statement shows where cash came from, how cash was used, and what the change in cash was during the year.
– The Notes to the Basic Financial Statements provide additional information that is integral to a full understanding of the Basic Financial Statements. The Notes to the Basic Financial Statements can be found in this report after the Basic Financial Statements.

Housing Authority of the City of Fresno
Management’s Discussion and Analysis
Year Ended December 31, 2022
6 – Required Supplementary Information includes the Schedule of Changes in Net Pension Liability and Related Ratios and the Schedule of Pension Plan Contributions, which are required by the Governmental Accounting Standards Board and are presented to supplement the basic financial statements.
– Other Supplementary Information includes the Schedule of Modernization Costs for Completed Projects and the Financial Data Schedule, which are submitted to U.S. Department of Housing and Urban Development’s (HUD) Real Estate Assessment Center (REAC) online system.

Financial Analysis
Statement of Net Position
The purpose of the statement of net position is to give the financial statement reader a snapshot of the fiscal condition of the Agency at a certain point in time. It presents end of year data for assets and DOR, liabilities and DIR, and net position (assets/DOR minus liabilities/DIR).

Statement of Net Position is summarized in the table below:

Increase Percentage
Assets 2022 2021 (Decrease) Change
Unrestricted Current Assets $ 9,884,531 $ 13,833,911 $ (3,949,380) -28.55% Restricted Current Assets 3,131,661 1,350,939 1,780,722 131.81% Capital Assets, Net of Accumulated Depreciation 22,226,856 21,049,117 1,177,739 5.60% Other Non-current Assets 123,291,299 111,542,155 11,749,144 10.53% Total Assets 158,534,347 147,776,122 10,758,225 7.28%
Deferred Outflows 4,033,416 1,429,771 2,603,645 182.10% Total Assets and Deferred Outflows $ 162,567,763 $ 149,205,893 $ 13,361,870 8.96% Liabilities
Current Liabilities $ 15,308,616 $ 16,050,533 $ (741,917) -4.62% Non-Current Liabilities 28,975,617 15,346,236 13,629,381 88.81% Total Liabilities 44,284,233 31,396,769 12,887,464 41.05% Deferred Inflows 3,487,195 7,592,646 (4,105,451) -54.07% Total Liabilities and Deferred Inflows 47,771,428 38,989,415 8,782,013 22.52% Net Position
Net Investment in Capital Assets 4,373,579 6,142,861 (1,769,282) -28.80% Restricted Net Postion 746,974 773,089 (26,115) -3.38%
Unrestricted Net Position 109,675,782 103,300,528 6,375,254 6.17% Total Net Position 114,796,335 110,216,478 4,579,857 4.16% Total Liabilities, Deferred Inflows and Net Position 162,567,763 $ $ 149,205,893 $ 13,361,870 8.96% December 31,
Total assets and DOR of the Agency at December 31, 2022 and 2021 amounted to $162.6 million and $149.2 million, respectively.

The significant components of unrestricted current assets are cash and cash equivalents, and receivables from tenants, related parties, HUD and local governments. Restricted current assets are cash and cash equivalents that are restricted for explicit purposes, like federal programs or project-specific reserves.

Capital assets include land, land improvements, leasehold improvements, structures, construction in progress, and equipment. All capital assets, except for land and construction in progress, are shown net of accumulated depreciation. Other noncurrent assets include long-term notes receivable, lease receivable, interest receivable, assets held for sale and investments in joint ventures. The principal Housing Authority of the City of Fresno
Management’s Discussion and Analysis
Year Ended December 31, 2022
7 changes in assets from December 31, 2021 to December 31, 2022 were increases in notes receivable and leases receivable offset by decreases in investment in joint ventures. The increase in other assets was mainly attributable to a pass-through loan made to Doragon @ Chinatown, LP and loans made to Fresno 1101 Parkway, LP and Arthur at Blackstone, LP. Following the adoption of GASB 87, the Agency recorded lease receivable and capital asset of $4,002,851 and $1,510,902, respectively, as of December 31, 2021.

Total liabilities and DIR of the Agency were $47.7 million and $38.9 million at December 31, 2022 and 2021, respectively. Current liabilities include short-term accounts payable, accrued liabilities, current portions of long-term debt, and unearned revenue. The decrease in current liabilities by $741 thousand was mainly attributable to the decrease in current portion on Notes Payable due to refinancing for Dayton, El Cortez, and Woodside mortgage loans. Non-current liabilities increased from $15.3 million in 2021 to $28.9 million in 2022 mainly due to an increase of $6.7 million in the net pension liability and an increase of $6.6 million in the long-term portion of notes payable due to the refinancing of mortgage notes. The pension liability represents the difference between the Agency’s total pension liability and the current plan assets calculated at fair value. Following the adoption of GASB 87, the Agency recorded lease liability and deferred inflows of $1,510,902 and $4,002,851, respectively, as of December 31, 2021. See Note 18 in the Notes to the Basic Financial Statements for more information.

Net position represents the Agency’s equity, a portion of which is restricted for certain uses. Net position is divided into the following three categories:
– Invested in capital assets, net of related debt and depreciation: Amounts on this line are the Agency’s equity in land, structures, construction in progress, and equipment, net of related capital debt outstanding and accumulated depreciation.
– Restricted net position: These are assets subject to external limitations, and can be based on use, purpose, and/or time.
– Unrestricted net position: These resources are available for any use that is lawful and prudent based on the Agency’s stated mission, and/or strategic plans.

The Agency’s net position increased by 4.16% during the year from $110.2 million in 2021 to $114.8 million in 2022.

Statement of Revenues, Expenses and Changes in Net Position The purpose of the statement of revenues, expenses and changes in net position is to present the operating and non-operating revenues earned by the Agency, the operating and non-operating expenses incurred, and other gains or losses of the Agency. This statement presents a glimpse into the financial activity that occurred from January 1, 2022 to December 31, 2022.

Operating revenues are the amounts received for providing housing services. This revenue can either come from tenants as rental payments, subsidy from the U.S. Department of Housing and Urban Development (HUD), developer fee revenue, or as grant revenue from another funding source. Nonoperating revenues/expenses are earned/incurred when goods or services are not a part of normal business activity, for example, interest income or interest expense. Operating expenses are those costs incurred to maintain the housing units or to provide other services to our clientele. Capital contributions represent revenues earned from HUD for public housing capital repairs and rehabilitation.

Housing Authority of the City of Fresno
Management’s Discussion and Analysis
Year Ended December 31, 2022
8 Statement of Revenues, Expenses and Changes in Net Position is summarized in the table below:

Increase Percentage
2022 2021 (Decrease) Change
Operating Revenues
Rental Income and Other $ 8,971,597 $ 8,663,301 $ 308,296 3.56% Grant Revenue 72,790,512 69,292,323 3,498,189 5.05%
Total Operating Revenues 81,762,109 77,955,624 3,806,485 4.88% Operating Expenses 79,832,789 75,825,680 4,007,109 5.28% Operating Income (Loss) 1,929,320 2,129,944 (200,624) -9.42% Non-Operating Revenues/(Expenses)
Interest Income, net 1,649,888 1,338,648 311,240 23.25% Other Revenue/ (Expenses), net (981,666) 1,670,460 (2,652,126) -158.77% Total Non-Operating Revenues/ (Expenses) 668,222 3,009,108 (2,340,886) -77.79% Net Income/(Loss) before Capital Contributions 2,597,542 5,139,052 (2,541,510) -49.45% Capital and Equity Contributions/(Distributions) 1,982,315 643,556 1,338,759 208.03% Increase/(Decrease) in Net Position 4,579,857 5,782,608 (1,202,751) -20.80% Net Position, Beginning of Year 110,216,478 83,219,118 26,997,360 32.44% Change in Reporting Entity 21,214,752 - (21,214,752) -100.00% Net Position, End of Year $ 114,796,335 $ 110,216,478 $ 4,579,857 4.16% December 31,
The preceding Statement of Revenues, Expenses and Changes in Net Position reflects the year ended December 31, 2022, compared to the year ended December 31, 2021. Overall, operating revenues increased by 4.88% or $3.8 million from 2021 to 2022; operating expenses increased by 5.28% or $4 million for the year; non-operating revenues decreased by 77.79% or $2.3 million from 2021 to 2022.

Capital and equity contributions increased by 208.03% or $1.3 million, from 2021 to 2022. These changes lead to a total increase in net position of $4.6 million from 2021 to 2022.

Explanations of the primary reasons for these changes are as follows:
– The increase in operating revenues is attributable to increase in Housing Assistance Payment with increase in Per Unit Cost.
– The net decrease in non-operating revenues/(expenses) was mainly attributable to the Agency’s investment income/loss from Silvercrest, Inc. and Housing Relinquish Fund Corporation (HRFC). – The increase in capital and equity contribution was mainly due to HUD capital grants drawn for the Rental Assistance Demonstration (RAD) investment projects and capital related activities. – The change in reporting entity in the amount of $21.2 million reported for Silvercrest, Inc. as a joint venture of the Agency in the prior year.

Housing Authority of the City of Fresno
Management’s Discussion and Analysis
Year Ended December 31, 2022
9 Capital Assets
The table below shows the Agency’s capital assets, net of accumulated depreciation and amortization, at December 31, 2022, and 2021.

Increase Percentage
2022 2021 (Decrease) Change
Land $ 2,669,425 $ 2,669,425 $ - 0.00%
Structures 11,361,246 10,014,061 1,347,185 13.45%
Equipment 509,372 524,765 (15,393) -2.93%
Construction in Progress 6,553,636 6,329,964 223,672 3.53% Right of Use Assets 1,133,177 1,510,902 (377,725) -25.00% Total Capital Assets, Net $ 22,226,856 $ 21,049,117 $ 1,177,739 5.60% December 31,
Overall, the Agency’s capital assets increased by $1.2 million during 2022, attributable to construction in progress being placed in service. See Note 7 in the Notes to the Basic Financial Statements for more information.

Debt Administration
The table below shows the Agency’s outstanding debt at December 31, 2022 and 2021. Short-term borrowings include inter-fund loans between programs, between the City and County Housing Authorities, or between component units of the Agency. Notes payable - non-related parties include loans and mortgages with external entities. Notes payable - related parties includes loans from joint ventures and Agency-sponsored limited partnerships.

Increase Percentage
2022 2021 (Decrease) Change
Short Term Borrowings (Interfund) $ 1,967,116 $ 1,967,116 $ - 0.00% Notes Payable - Non-Related Parties 11,626,314 8,842,312 2,784,002 31.49% Notes Payable - Related Parties 6,341,596 5,800,854 540,742 9.32% Total Debt $ 19,935,026 $ 16,610,282 $ 3,324,744 20.02% December 31,
The notes payable increased by $3.3 million during the year mostly due to increase in non-related parties loans for development of low-income projects. See Note 11 in the Notes to the Basic Financial Statements for more information.

Economic Factors Affecting the Agency’s Future
The majority of the Agency’s funding comes from the U.S. Department of Housing and Urban Development (HUD) in the form of Section 8 housing assistance payments, Public Housing operating subsidies, Capital Fund grants, and other smaller grants. Over the past decade, Congress and the federal government have continued to cut housing subsidies due to changes in budget priorities. These funding reductions continue to have an impact on the Agency’s economic position because federal subsidies make up a majority of the Agency’s revenue and, there still is significant uncertainty about future funding levels. The Agency continues to explore alternative funding options to lessen our federal dependency through development activities and pursuit of other grants; however, HUD will most likely continue to be a major funding source over the foreseeable future.

Housing Authority of the City of Fresno
Management’s Discussion and Analysis
Year Ended December 31, 2022
10 As we look forward, the near-term forecast for low-income housing programs continues to be unchanged, requiring the Agency to operate with less federal funding while continuing to provide high quality, affordable housing that promotes safe and vibrant communities. The Agency has been swift to respond to changes in federal limitations, both programmatically and financially. We have responded by implementing changes designed to reduce costs with the least effect on services. We have been adamant that despite funding cuts, we would continue to maintain housing for existing residents and voucher participants. As a result, the Agency is better poised to weather additional funding cuts without further capacity reductions.

While we acknowledge the challenges, and face political, economic and public health realities head-on, we remain committed more than ever to our mission of creating and sustaining vibrant communities across the City of Fresno. Our strategy for accomplishing this includes: developing and maintaining quality affordable housing for low-income individuals throughout the City of Fresno; implementing exceptional programs that invest in our residents; encouraging partnerships with local, regional and national organizations to build the Fresno community; and generating public will to address the housing needs of low-income individuals. We are confident our strategy will allow us to attain these goals and strengthen the Agency’s ability to address the housing and quality-of-life challenges facing Fresno, both now and in the future.

Requests for Information
This financial report is designed to provide a general overview of the Agency’s finances to demonstrate the Agency’s accountability for the money it receives. For questions about this report or requests for additional financial information, please contact the individual below.

I-Hsin (Nicole) Diaz
Director of Finance and Accounting
1331 Fulton Street
Fresno, CA 93721
Phone: (559) 443-8400
11 THIS PAGE INTENTIONALLY LEFT BLANK

HOUSING AUTHORITY OF THE CITY OF FRESNO
Fresno, California

STATEMENT OF NET POSITION
DECEMBER 31, 2022
12 ASSETS AND DEFERRED OUTFLOWS
Unrestricted Current Assets
Cash and Cash Equivalents $ 5,331,324
Accrued Interest Receivable 50,000
Accounts Receivable - Tenants, Net of Allowance for
Doubtful Accounts of $21,607 200,101
Miscellaneous Receivables, Net of Allowance for
Doubtful Accounts of $61,192 51,840
Current Lease Receivable 507,592
Due From Other Governments 883,601
Due From Related Parties 2,379,168
Prepaid Expenses 480,905
Total Unrestricted Current Assets 9,884,531
Restricted Current Assets
Restricted Cash 3,131,661
Total Restricted Current Assets 3,131,661
Total Current Assets 13,016,192
Non-Current Assets
Capital Assets
Capital Assets - Not being depreciated 9,223,061
Capital Assets - Depreciable, Net of
Accumulated Depreciation of $43,974,058 13,003,795
Total Capital Assets, Net 22,226,856
Other Non-Current Assets
Lease Receivable 2,768,470
Notes Receivable From Related Parties 52,808,994
Notes Receivable From Non-Related Parties 281,213
Interest Receivable From Related Parties,
Net of Allowance for Doubtful Accounts of $1,176,421 9,381,143 Interest Receivable - Non-Related Parties 1,112
Investments In Joint Ventures 56,680,982
Assets Held For Sale 1,369,385
Total Other Non-Current Assets 123,291,299
Total Non-Current Assets 145,518,155
Total Assets 158,534,347
Deferred Outflow of Resources - Pension Related 4,033,416 Total Deferred Outflow of Resources 4,033,416
Total Assets and Deferred Outflows $ 162,567,763
(Continued)

HOUSING AUTHORITY OF THE CITY OF FRESNO
Fresno, California

STATEMENT OF NET POSITION
DECEMBER 31, 2022
(Continued)
13 LIABILITIES, DEFERRED INFLOWS AND NET POSITION
Current Liabilities
Vendors and Contractors Payable $ 1,736,971
Accrued Salaries 396,861
Accrued Compensated Absences 523,349
Accrued Interest Payable 370,095
Resident Security Deposits 303,017
Due To Other Governments 431,386
Due To Related Parties 4,558,028
Current Lease Liability 386,129
Other Current Liabilities - Related Parties 41,019
Other Current Liabilities - Non-Related Parties 439,064 Notes Payable - Related Parties 3,876,566
Notes Payable - Non-Related Parties 150,696
Unearned Revenue 2,095,435
Total Current Liabilities 15,308,616
Non-Current Liabilities
Lease Liability 726,906
Notes Payable - Related Parties 2,465,030
Notes Payable - Non-Related Parties 11,475,618
Accrued Interest Payable 1,159,670
Accrued Compensated Absences 313,764
Other Accrued Non-Current Liabilities 50,371
Net Pension Liability 12,784,258
Total Non-Current Liabilities 28,975,617
Total Liabilities 44,284,233
Deferred Inflows of Resources - Pension Related 211,133 Deferred Inflows of Resources - Lease Related 3,276,062 Total Deferred Inflows of Resources 3,487,195
Total Liabilities and Deferred Inflows 47,771,428
Net Position
Net Investment in Capital Assets 4,373,579
Restricted for:

Housing Assistance Payments 245,518
Other Externally Required Reserves 501,456
Unrestricted 109,675,782
Total Net Position 114,796,335
Total Liabilities, Deferred Inflows and Net Position $ 162,567,763 See accompanying notes to the basic financial statements 14 THIS PAGE INTENTIONALLY LEFT BLANK

HOUSING AUTHORITY OF THE CITY OF FRESNO
Fresno, California

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR THE YEAR ENDED DECEMBER 31, 2022
15 Operating Revenues
Rental Revenue $ 4,042,706
Fee Revenue 1,004,383
HUD Grants 66,291,552
Other Governmental Grants 6,498,960
Other Revenue 3,170,752
Developer Fee Revenue 753,756
Total Operating Revenues 81,762,109
Operating Expenses
Administrative Expense 14,362,907
Tenant Services Expense 1,663,736
Utilities Expense 1,024,660
Maintenance and Operations Expense 3,118,655
Protective Services Expense 261,774
Insurance Expense 375,061
General Expense 2,011,057
Housing Assistance Payments 55,453,089
Depreciation 1,561,850
Total Operating Expenses 79,832,789
Operating Income (Loss) 1,929,320
Non-Operating Revenues (Expenses)
Interest Revenue, Unrestricted 46,061
Interest Revenue, Restricted 1,217
Interest Revenue on Notes Receivable 2,004,301
Interest Expense (401,691)
Share of Joint Venture Income (Loss) (985,928)
Gain (Loss) from Insurance Claims (890)
Gain from Disposition of Capital Assets 5,152
Total Non-Operating Revenues (Expenses) 668,222
Income (Loss) Before Contributions and Transfers 2,597,542 Capital Contributions 1,982,315
Increase (Decrease) in Net Position 4,579,857
Net Position, Beginning of Year 110,216,478
Net Position, End of Year $ 114,796,335
See accompanying notes to the basic financial statements 16 THIS PAGE INTENTIONALLY LEFT BLANK

HOUSING AUTHORITY OF THE CITY OF FRESNO
Fresno, California

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
17 Cash Flows From Operating Activities:

Cash Received from Tenants $ 3,995,019
Cash Received from Others 5,106,193
Cash Paid to Employees for Services (16,881,798)
Cash Paid to Suppliers for Goods and Services (4,587,466) Cash Received from Operating Grants 76,934,839
Cash Paid for Housing Assistance (55,453,089)
Net Cash Provided by Operating Activities 9,113,698
Cash Flows From Capital and Related Financing Activities:

Acquisition of Capital Assets (2,739,588)
Proceeds from Sale of Capital Assets 5,152
Principal Proceeds on Long Term Debt - Related Parties 7,493,561 Principal Proceeds on Long Term Debt - Non-Related Parties 6,901,445 Principal Paid on Long Term Debt - Related Parties (6,952,819) Principal Paid on Long Term Debt - Non-Related Parties (4,117,443) Interest Paid on Long Term Debt (28,945)
Principal Paid on Lease Liability (397,867)
Net Cash Provided by Capital and Related Financing Activities 163,496 Cash Flows from Noncapital Financing Activities:

Issuance of Notes Receivable (9,496,479)
Principal Received on Issuance of Notes Receivable 487,342 Interest Received on Notes Receivable 474,735
Net Cash Used for Noncapital Financing Activities (8,534,402) Cash Flows From Investing Activities:

Contribution to Investments in Joint Venture (3,052,260) Interest Received From Investments 46,061
Interest on Restricted Cash 1,217
Net Cash Used By Investing Activities (3,004,982)
Net Decrease to Cash and Cash Equivalents (2,262,190)
Cash and Cash Equivalents at Beginning of Year 10,725,175 Cash and Cash Equivalents at End of Year $ 8,462,985
Reconciliation of Cash and Cash Equivalents Per Statement of Net Position to Cash and Cash Equivalents Per Statement Of Cash Flows:

Cash and Cash Equivalents $ 5,331,324
Restricted Cash 3,131,661
Cash and Cash Equivalents at End of Year $ 8,462,985
Continued)

HOUSING AUTHORITY OF THE CITY OF FRESNO
Fresno, California

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2022
(Continued)
18 Reconciliation of Operating Income to Net
Cash Provided By (Used For) Operating Activities:

Operating Income $ 1,929,320
Adjustments to Reconcile Operating Income (Loss) to
Net Cash Provided By (Used For) Operating Activities:

Depreciation 1,561,850
Other Expenses (890)
(Increase) Decrease in Accounts Receivable - Tenants (47,687) (Increase) Decrease in Accounts Receivable - Other 165,629 (Increase) Decrease in Lease Receivable (3,276,062)
(Increase) Decrease in Due From Other Governments 1,849,364 (Increase) Decrease in Due From Related Parties (517,014) (Increase) Decrease in Prepaid Expenses 269,294
(Increase) Decrease in Deferred Outflows (2,603,646)
Increase (Decrease) in Accounts Payable - Vendors 644,315 Increase (Decrease) in Due To Related Parties 956,207
Increase (Decrease) in Accrued Salaries 25,032
Increase (Decrease) in Accrued Compensated Absences (160,810) Increase (Decrease) in Other Accrued Liabilities (164,786) Increase (Decrease) in Accounts Payable - Other Governments 132,389 Increase (Decrease) in Unearned Revenue 1,723,381
Increase (Decrease) in Resident Security Deposits Payable 12,563 Increase (Decrease) in Net Pension Liability 6,717,849
Increase (Decrease) in Deferred Inflows (102,600)
Net Cash Provided by Operating Activities $ 9,113,698
Significant Noncash Activities
Distribution from Joint Venture 5,858,779
Issuance of Notes Receivable (5,858,779)
$ -
See accompanying notes to the basic financial statements 19 THIS PAGE INTENTIONALLY LEFT BLANK

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
20 1) Summary of Significant Accounting Policies
a) General Purpose
The Housing Authority of the City of Fresno, California (the Agency) is responsible for the development and implementation of certain housing programs and activities within the City of Fresno, California. The Agency provides housing to families under a variety of programs including conventional Low-Income Public Housing, Housing Choice Vouchers, Section 42 Low-Income Housing Tax Credits, Migrant Services, Farm Labor Housing, Emergency Housing, and others. b) Financial Reporting Entity
The Agency was established by a resolution of the Fresno City Council on March 14, 1940. The Agency is governed by a seven-member Board of Commissioners appointed by the Mayor of the City of Fresno, where five members are appointed to four-year terms, and two members, also residents of the Agency’s housing programs, are appointed to two-year terms.

As required by Generally Accepted Accounting Principles, these financial statements present the Agency and any component units. A component unit is an entity for which the primary government is considered to be financially accountable.
 The primary government is considered to be financially accountable for an organization if it appoints a voting majority of that organization’s governing body, and (1) if the primary government is able to impose its will on that organization or (2) there is a potential for that organization to provide specific financial benefits to or impose specific financial burdens on the primary government.
 The primary government may also be considered financially accountable for an organization if that organization is fiscally dependent on the primary government (i.e., the organization is unable to approve or modify its budget, levy taxes or set rates/charges, or issue bonded debt without approval from the primary government).  In certain cases, other organizations are included as component units if the nature and significance of their relationship with the primary government are such that their exclusion would cause the primary government’s financial statements to be misleading or incomplete, even though the primary government is not considered financially accountable for that organization under the criteria previously described. A legally separate, tax exempt organization is reported as a component unit if (1) the economic resources received or held by the organization are entirely or almost entirely for the direct benefit of the primary government or its constituents; (2) the primary government is entitled to or has the ability to otherwise access a majority of the economic resources received or held by the organization; and (3) the economic resources received or held by the organization are significant to the primary government.

Component units must be classified as either “blended” or “discrete” in the primary government’s financial statements. A component unit is “blended” if the governing boards of the two organizations are substantially the same, or if the component unit provides services entirely or almost entirely to the primary government. Component units that do not meet either of these two

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
21 criteria are considered “discrete” and are reported only in the government-wide financial statements.

A brief description of the Agency’s blended component unit is as follows:

Pacific Gardens Enterprises, Inc. a California Corporation. In 2010, the Agency purchased 100% of the Corporation’s outstanding stock. Pacific Gardens Enterprises, Inc. consists of a 56-unit affordable housing project in the City of Fresno. In March 2011, the Agency entered into a Purchase and Sale Agreement with Pacific Garden, LP related to the building and improvements, and Ground Lease agreement related to the land and improvement. The Limited Partnership pays rent to the Corporation for the use of the land. Separate financial statements are not issued for Pacific Gardens Enterprises, Inc.
c) Basis of Presentation
The basic accounting and reporting entity is a “fund”. A fund is defined as an independent fiscal and accounting entity with a self-balancing set of accounts, recording resources, related liabilities, obligations, reserves and equities segregated for the purpose of carrying out specific activities or attaining certain objectives with special regulations, restrictions or limitations.

The Agency has chosen to report its activity as one fund. The fund of the Agency is considered to be an enterprise fund. Enterprise funds are used to account for operations that are financed and operated in a manner similar to private business enterprises, where the intent is that costs of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges. Enterprise funds are also used when the governing body has decided that periodic determination of revenues earned, expenses incurred, or net income is appropriate for capital maintenance, public policy, management control, accountability or other purposes.
d) Measurement Focus/Basis of Accounting
Measurement focus refers to what is being measured; basis of accounting refers to when revenues and expenditures are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measurement made, regardless of the measurement focus applied.

The Agency’s operations are accounted for on an economic resources measurement focus using the accrual basis of accounting. Revenues are recognized when they are earned and expenses are recorded at the time liabilities are incurred.

When the Agency incurs an expense for which both restricted and unrestricted resources may be used, it is the Agency’s policy to use restricted resources first and then unrestricted resources as needed.
e) Cash and Cash Equivalents
The Agency’s cash and cash equivalents are considered to be cash on hand, demand deposits, and reserves for replacements with original maturities of three months or less from the date of acquisition that are not specifically restricted as to use.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
22 f) Restricted Cash
Restricted cash represents deposits to lender required replacement reserve and impound accounts, insurance reserve, program funding and security deposit. g) Assets Held for Sale
Several of the Agency’s funds administer homeownership programs. Assets held for sale consist of housing units set aside by the Agency for these homeownership programs. These assets are recorded at the Agency’s cost to purchase the property or upon entering into a contract for sale, the estimated realizable value, if lower. See Note 10 for further discussion. h) Capital Assets
Capital assets are defined by the Agency as assets with an initial, individual cost of $5,000 or more and having an estimated useful life of greater than one year. All purchased capital assets are valued at historical cost. Contributed capital assets are recorded at acquisition value at the time received.

Capital assets acquired for proprietary funds are capitalized in the respective funds to which they apply. Depreciation of exhaustible capital assets used by proprietary funds is charged as an expense against operations, and accumulated depreciation is reported on the proprietary funds balance sheet. Depreciation has been provided over the estimated useful lives using the straightline method of depreciation. Buildings are being depreciated over a useful life of thirty years, modernization costs over ten years, and dwelling and other equipment over five years.

Major outlay for capital assets are capitalized as projects are constructed. For certain projects that are intended to be sold or transferred, construction in progress remains capitalized in the financial statements until such sale or transfer occurs. i) Impairment of Capital Assets
The Agency reviews its capital assets for impairment whenever events or changes in circumstances indicate that there has been a decline in service utility that is magnitude and outside of the normal life cycle of the capital asset being evaluated. As of December 31, 2022, there has been no impairment of the capital assets.
j) Predevelopment Costs
The Agency incurs costs in connection with properties it is considering for development as well as costs associated with projects in the initial stages of development. These costs include such items as market studies, purchase options, environmental study costs, legal and accounting costs. Predevelopment costs are capitalized until such time as the project is no longer considered desirable or feasible, at which time the costs are expensed. Predevelopment costs related to projects that are ultimately developed are subsequently recorded as receivables to be repaid by the applicable projects.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
23 k) Accounts Receivable and Allowance for Doubtful Accounts

Accounts receivable are stated net of an allowance for doubtful accounts. The Agency estimates an allowance based on an analysis of specific tenants, and landlord participants taking into consideration past due accounts and an assessment of the debtor’s general ability to pay. l) Net Position
Net position represents the difference between assets and DOR and liabilities and DIR. Net investment in capital assets consists of capital assets, net of accumulated depreciation, reduced by the outstanding balances of any borrowing used for the acquisition, construction, or improvement of those assets, including the interest due on the borrowing (excluding inter-fund borrowing). Net position is reported as restricted when there are limitations imposed on their use either through constitutional provisions or enabling legislation or through external restrictions imposed by creditors, grantors, or laws or regulations of other governments. m) Operating Revenue and Expenses
Operating revenues are those revenues that are generated directly from the primary activity of the proprietary funds. For the Agency, these revenues are typically rental charges, developer revenue and operating grants. Operating expenses are necessary costs that have been incurred in order to provide the good or service that are the primary activity of the fund. All revenue and expenses not meeting these definitions are reported as non-operating revenue and expenses. n) Income Taxes
The Agency is exempt from Federal Income and California Franchise Taxes except for taxable transactions incurred by the blended component unit operated by the Agency. The Agency files federal and state tax returns for the blended component unit. o) Grant Restrictions
The Agency has received loans and grants from the U.S. Department of Housing and Urban Development, the U.S. Department of Agriculture, and the California Housing Finance Agency to build and improve housing projects. The grants require that only individuals and families that meet various income, age and employment standards be housed or aided.

Further, if the fund equity of the Agency’s U.S. Department of Agriculture program exceeds certain levels, the payments on these notes must be increased.
p) Use of Estimates
The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America, and accordingly, include amounts that are based on management’s best estimates and judgments. Accordingly, actual results may differ from the estimates.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
24 q) Notes Receivable
The accompanying financial statements reflect the recording of certain notes receivable that represent loans made to various parties, including related parties. In certain cases, the amount of collection is dependent upon future residual receipts to be generated by the property or contingent upon the ability of the owner to sell the property at an amount sufficient to pay all liens against the property, including the obligation to the Agency. Where reasonably estimable, an allowance for doubtful accounts has been recorded to reflect management’s best estimate of likely losses associated with non-repayment. An estimate of any additional potential losses associated with non-repayment cannot be reasonably estimated at this time. r) Leases
Lessee: The Agency is a lessee under noncancellable leases and recognizes a lease liability and an intangible right-of-use lease asset in the statement of net position. The Agency recognizes lease liabilities with an initial individual value of $1,000 or more and a useful life in excess of one year. The Agency initially measures the lease liability at the present value of the payments expected to be made during the lease term. Subsequently, the lease liability is reduced by the principal portion of the lease payments made. The right-of-use lease asset is initially measured as the initial amount of the lease liability, adjusted for payments made at or before the lease commencement date. Subsequently, the right-of-use lease asset is amortized on a straight-line basis over the shorter of the lease term or the useful life of the underlying asset. Key estimates and judgments related to leases include how the Agency determines (1) the discount rate it uses to discount the expected lease payments at present value, (2) the lease term, and (3) the lease payments.
 The Agency uses the interest rate charged by the lessor as the discount rate. When the interest rate charged by the lessor is not provided, the Agency generally uses its estimated incremental borrowing rate as the discount rate for leases.  The lease term includes the noncancellable period of the lease  The lease payments included in the measurement of the lease liability are composed of fixed payments and purchase option price that the Agency is reasonably certain to exercise.

The Agency monitors changes in circumstances that would require a remeasurement of its leases and will remeasure the right-of-use lease asset and the lease liability if certain circumstances occur that are expected to significantly affect the amount of the lease liability.

The right-of-use lease assets is included within capital assets in the statement of net position.

Lessor: The Agency is a lessor under noncancellable leases and recognizes a lease receivable and a deferred inflow of resources in the statement of net position. The Agency initially measures the lease receivable at the present value of the payments expected to be received during the lease term. Subsequently, the lease receivable is reduced by the principal portion of the lease payments received. The deferred inflow of resources is initially measured as the initial amount of the lease receivable, adjusted for lease payments received at or before the lease commencement

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
25 date. Subsequently, the deferred inflow of resources is recognized as revenue over the lease term. Key estimates and judgments related to leases include how the Agency determines (1) the discount rate it uses to discount the expected lease receipts at present value, (2) the lease term, and (3) lease receipts.
 The Agency uses its estimated incremental borrowing rate as the discount rate for leases.  The lease term includes the noncancellable period of the lease.  The lease receipts included in the measurement of the lease receivable are composed of fixed payments (or in substance fixed payments) from the lessee.

The Agency monitors changes in circumstances that would require a remeasurement of its leases and will remeasure the lease receivable and the deferred inflows of resources if certain circumstances occur that are expected to significantly affect the amount of the lease receivable. s) Investments in Joint Ventures
The Agency has investments in joint ventures that are owned, operated, or governed by two participants as a separate and specific activity subject to joint control, in which the participants retain (a) an ongoing financial interest or (b) an ongoing financial responsibility. See Note 9 for further disclosure.

t) Defined Benefit Pension Plan
For purposes of measuring the net pension liability, deferred outflows and inflows of resources related to pensions, pension expense, information about the fiduciary net position of the Agency’s California Public Employees’ Retirement Systems (CalPERS) Plan (the Plan) and additions to/deductions from the Plan’s fiduciary net position have been determined on the same basis as they are reported by CalPERS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when currently due and payable in accordance with the benefit terms. Pension plan investments are reported at fair value.

GAAP requires that the reported results must pertain to liability and asset information within certain defined timeframes. For this report, the following timeframes are used:

Valuation Date (VD) June 30, 2021
Measurement Date (MD) June 30, 2022
Measurement Period (MP) July 1, 2021 to June 30, 2022
u) Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net assets that applies to future period(s) and so will not be recognized as an outflow of resources (expense/ expenditure) until that time. The Agency has one item that qualifies for reporting in this category: Deferred Outflows- Pension Related.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
26 In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net assets that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The Agency has two items that qualify for reporting in this category: Deferred Inflows - Pension Related and Deferred Inflows – Leases Related.
v) New Accounting Pronouncements
During the year ended December 31, 2022, the Agency implemented the following new accounting standards issued by the GASB:

Statement No. 87, "Leases". GASB Statement No. 87 requires that government lessees recognize a lease liability and an intangible asset representing the lessee's right to use the leased asset and report in its financial statements amortization expense for using the leased asset for the shorter of the lease term or the useful life of the underlying asset, interest expense on the lease liability and note disclosures about the lease. The Statement also requires government lessors recognize a lease receivable and a deferred inflow of resources and continue to report the leased asset in its financial statements and report in its financial statements lease revenue recognized over the term of the lease corresponding with the reduction of the deferred inflow, interest income on the receivable and note disclosures about the lease. The requirements of this Statement are effective for the Agency's fiscal year ending December 31, 2022. The adoption of this Statement had the following effect on net position as reported as of December 31, 2021.

Net position, December 31, 2021 $110,216,478,
Adjustments:

Lease receivable 4,002,851,
Deferred inflow - leases (4,002,851)
Right of use assets 1,510,902,
Lease liability (1,510,902)
Restated net position, December 31, 2021 $110,216,478,
Statement No 91, "Conduit Debt Obligations". The primary objectives of Statement No 91 are to provide a single method to report conduit debt obligations and to eliminate diversity in practice associated with commitments extended by issuers, arrangements associated with conduit debt obligations and related note disclosures. The requirements of this Statement are effective for the Agency's year ending December 31, 2022. The adoption of this Statement had no impact on the Agency’s financial statements and related disclosures.

Statement No. 92, "Omnibus 2020". GASB Statement No. 92 addresses a variety of topics including, among other things, Leases, Financial Reporting for Post-Employment Benefit Plans Other Than Pension Plans, Fiduciary Activities, Measurement of liabilities related to AROs. The requirements of this Statement are effective for the Agency's year ending December 31, 2022.

The adoption of this Statement had no impact on the Agency’s financial statements and related disclosures.

Statement No. 93, "Replacement of Interbank Offered Rates". GASB Statement No. 93 assists state and local governments in the transition away from existing interbank offered rates (IBOR) to

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
27 other reference rates because of global reference rate reform, wherein the London Interbank Offered Rate (LIBOR) is expected to cease to exist in its current form at the end of 2021. The objective of this Statement is to address implications that result from the replacement of an IBOR in Statement No. 53, Accounting and Financial Reporting for Derivative Instruments and Statement No. 87, Leases and other accounting and financial reporting implications. The removal of LIBOR as an appropriate benchmark interest rate in this Statement are effective for Agency's year ending December 31, 2022. All other requirements of this statement are effective for the Agency’s year ending December 31, 2023. The adoption of this Statement had no impact on the Agency’s financial statements and related disclosures.

Statement No. 97, "Certain Component Unit Criteria, and Accounting and Financial Reporting for internal Revenue Code Section 457 Deferred Compensation Plans - an Amendment of GASB Statements No. 14 and No. 84, and a Supersession of GASB Statement No. 32". The primary objectives of this Statement are to (1) increase consistency and comparability related to the reporting of fiduciary component units in circumstances in which a potential component unit does not have a governing board and the primary government performs the duties that a governing board typically would perform; (2) mitigate costs associated with the reporting of certain defined contribution pension plans, defined contribution other postemployment benefit (OPEB) plans, and employee benefit plans other than pension plans or OPEB plans (other employee benefit plans) as fiduciary component units in fiduciary fund financial statements; and (3) enhance the relevance, consistency, and comparability of the accounting and financial reporting for Internal Revenue Code (IRC) Section 457 deferred compensation plans (Section 457 plans) that meet the definition of a pension plan and for benefits provided through those plans. The requirements of the Statement are effective for the Agency's year ending December 31, 2022. The adoption of this Statement had no impact on the Agency’s financial statements and related disclosures.

Statement No. 99, "Omnibus 2022". GASB Statement No. 99 addresses a variety of topics including, among other things, Leases, PPPs, and SBITAs, extension of use of LIBOR, accounting for SNAP distributions, disclosures of nonmonetary transactions, pledges of future revenues by pledging governments, financial guarantees, and classification and reporting of derivative instruments. The requirements related to financial guarantees and the classification and reporting of derivative instruments within the scope of Statement 53 are effective for the Agency's year ending December 31, 2024. All other requirements of this statement are effective for the Agency’s year ending December 31, 2022. The adoption of this Statement had no impact on the Agency’s financial statements and related disclosures.

The Authority is currently analyzing its accounting practices to determine the potential impact on the financial statements for the following GASB Statements:
• Statement No. 94, "Public-Private and Public-Public Partnerships and Availability Payment Arrangements". GASB Statement No. 94 establishes standards of accounting and financial reporting for Public-Private and Public-Public Partnerships (PPPs) and Availability Payment Arrangements (APAs). The requirements of this Statement are effective for Agency's year ending December 31, 2023.
• Statement No. 96, "Subscription-Based Information Technology Arrangements". GASB Statement No. 96 establishes standards of accounting and financial reporting for subscriptionbased information technology arrangements (SBITAs) for government end users. Under this Statement, a government generally should recognize a right-to-use subscription asset, an

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
28 intangible asset, and a corresponding subscription liability. The requirements of the Statement are effective for the Agency's year ending December 31, 2023. • Statement No. 100, "Accounting Changes and Error Corrections - an amendment of GASB Statement No. 62". Statement No. 100 establishes standards to enhance accounting and financial reporting requirements for accounting changes and error corrections to provide more understandable, reliable, relevant, consistent, and comparable information for making decisions or assessing accountability. The requirements of this Statement are effective for Agency's year ending December 31, 2024.
• Statement No. 101, "Compensated Absences". Statement No. 101 establishes standards to unify the recognition and measurement model of liabilities for compensated absences. The requirements of this Statement are effective for Agency's year ending December 31, 2024. 2) Cash and Cash Equivalents and Restricted Cash
Cash and cash equivalents held by the Agency at December 31, 2022, was classified as follows in the accompanying Statement of Net Position:

Cash and Cash Equivalents $ 5,331,324
Restricted Cash 3,131,661
Total Cash, Cash Equivalents and Restricted Cash $ 8,462,985 Disclosure Related to Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity its fair value will be to changes in market interest rates. In accordance with the Agency’s Investment Policy, the Agency manages its exposure to interest rate risks by purchasing a combination of shorter term and longer-term investments and by timing cash flows from maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash flow and liquidity needed for operations.

Disclosure Related to Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization.

For the year ended December 31, 2022, the Agency did not maintain a significant equity position in investment pool activities. It is the policy of the Agency to invest only in highly rated securities to the extent practicable and where applicable by law.

Concentration of Credit Risk
The investment policy of the Agency contains no limitations on the amount that can be invested in any one issuer beyond that stipulated by the California Government Code. There are no investments

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
29 in any one issuer (other than external investment pools) that represent 5% or more of the Agency’s total investments.

Custodial Credit Risk
Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The California Government Code and the Agency’s Investment Policy do not contain legal or policy requirements that would limit the exposure to custodial credit risk for deposits, other than the following provision for deposits: The California Government Code requires California banks and savings and loan associations to secure the Agency’s deposits not covered by federal deposit insurance by pledging mortgages or government securities as collateral. The market value of mortgages must equal at least 150% of the face value of deposits. The market value of government securities must equal at least 110% of the face value of deposits. Such collateral must be held in the pledging bank’s trust department in a separate depository in an account for the Agency.

The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty (broker-dealer, etc.) to a transaction, a government will not be able to recover the value of its investment or collateral securities that are in the possession of another party. The California Government Code and the Agency’s Investment Policy do not contain legal or policy requirements that would limit the exposure to custodial credit risk for investments. With respect to investments, custodial credit risk generally applies only to direct investments in marketable securities. Custodial credit risk does not apply to a local government’s indirect investment in securities through the use of mutual funds or government investment pools.

The Agency executed a “General Depository Agreement” with Wells Fargo on April 21, 2014. This agreement states that any portion of the PHA funds not insured by a Federal insurance organization shall be fully (100%) and continuously collateralized with specific and identifiable U.S. Government or Agency securities as prescribed by HUD. Such securities shall be pledged and set aside in accordance with applicable law or Federal regulation.

The Agency's cash deposits, and cash equivalents are $8,462,985 at December 31, 2022. Bank balances are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 and for amounts over $250,000 collateralized with securities held by the pledging financial institutions in the Agency's name in accordance with California Government Code as discussed above. $2,151,167 is collateralized as of December 31, 2022, and the remaining $6,061,818 is uncollateralized cash deposits and cash equivalents.

Pooled Cash and Cash Equivalents
The Agency’s cash and investments are pooled with the Housing Authority of Fresno County’s cash and cash equivalents. Income from the investment of the pooled cash is allocated to each Agency’s funds on a monthly basis, based on the average monthly balance of the fund as a percent of the average monthly total pooled cash balance.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
30 3) Restricted Cash
Restricted cash consists of funds that cannot be disbursed by the Agency unless approval is obtained from another government agency, mortgagor, or restrictions are released.

Cash held by the California Housing Finance Agency (CHFA) can only be used for major repairs or insurance on the associated project and upon receipt of prior written approval from CHFA. Cash held as replacement reserves for the USDA projects cannot be disbursed without the approval of the USDA Rural Economic and Community Development. The funds held by CHFA, excess HAP funds and the funds held for the replacement of the USDA program projects are also reported as restricted net position. The amounts held by the Agency on behalf of program participants, tenants and for future HAP payments not yet taken as revenue are also reported as payable from restricted assets.

Details of restricted cash at December 31, 2022 are as follows:

Cash In Restricted
Cash Restricted for: Restriction In Liabilities Net Position Escrow $ 34 $ - $ 34
HAP Funding 363,582 118,064 245,518
Tenant Security Deposits 303,017 303,017 -
Emergency Housing Vouchers 810,786 464,333 346,453
Other Reserves 1,654,242 1,499,273 154,969
$ 3,131,661 $ 2,384,687 $ 746,974
4) Accounts Receivable
The Agency’s accounts receivable consists of related party receivables, grant program receivables, overpayment to landlords and tenant rent receivables. Accounts receivable are carried at amortized costs, net of allowance for doubtful accounts. Provisions for losses are charged to operations in amounts sufficient to maintain an allowance for losses at a level considered adequate to cover probable losses inherent to the Agency’s accounts receivable. The allowance for losses is based on management’s evaluation of the collectability of the receivables and historical loss experience.

Accounts receivable at December 31, 2022 consist of the following:

Accounts Receivable - Tenants, Net of Allowance for
Doubtful Accounts of $21,607 $ 200,101
Miscellaneous Receivables, Net of Allowance for
Doubtful Accounts of $61,192 51,840
Total Accounts Receivable $ 251,941

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
31 5) Due from Other Governments
At December 31, 2022, amounts Due from Other Governments consists of the following:

U.S. Department of HUD $ 458,941
Other 424,660
Total Due from Other Governments $ 883,601
6) Due from Related Parties
At December 31, 2022, amounts Due from Related Parties consists of the following:

Housing Self Insurance Corporation $ 6,250
Limited Partnerships 1,616,025
Silvercrest, Inc. 756,893
Total Due from Related Parties $ 2,379,168
7) Capital Assets
Changes in the Capital Assets during the year ended December 31, 2022 were as follows:

Balance
12/31/2021 Additions Deletions Balance 12/31/2022
Capital assets not depreciated:

Land $ 2,669,425 $ - $ - $ 2,669,425
Construction in progress 6,329,964 223,672 - 6,553,636
Total capital assets not depreciated 8,999,389 223,672 - 9,223,061 Capital assets being depreciated:

Buildings and Improvements 51,339,169 2,502,564 - 53,841,733 Equipment / Software 1,688,835 (76,969) 1,625,218 13,352 Intangible Right of Use Leases 1,510,902 - 1,510,902 -
Total capital assets being depreciated 54,538,906 2,515,916 (76,969) 56,977,853 Less accumulated depreciation for:

Buildings and Improvements (41,325,108) (1,155,379) - (42,480,487) Equipment / Software (1,164,070) (28,745) 76,969 (1,115,846) Intangible Right of Use Leases (377,725) - (377,725) -
Total accumulated depreciation (42,489,178) (1,561,849) 76,969 (43,974,058) Total capital assets being depreciated, net 12,049,728 954,067 - 13,003,795 Total Capital Assets, Net $ 21,049,117 $ 1,177,739 $ - $ 22,226,856

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
32 8) Notes Receivable
The following is a summary of changes in Notes Receivable during the year ended December 31, 2022:

Balance
12/31/2021 Additions Payments/ Deletions
Balance
12/31/2022
Interest
Receivable
Non-Related Parties:

City of Clovis-Clovis Senior Ctr $ 234,566 $ - $ (26,690) $ 207,876 $ 1,112 844 S. Chance 76,300 - (2,963) 73,337 -
Total due from non-related parties 310,866 - (29,653) 281,213 1,112 Related Parties:

Better Opportunities Builders, Inc. 125,000 - - 125,000 - Limited Partnerships:

Fresno Edison II (Legacy Commons) 4,150,000 - - 4,150,000 643,151 Fresno Pacific Gardens 2,738,430 - - 2,738,430 1,777,081 Parc Grove Commons II 3,129,538 - - 3,129,538 3,486,573 Renaissance at Alta Monte 400,000 - - 400,000 -
Renaissance at Santa Clara Street 400,000 - - 400,000 142,384 Fresno Renaissance at Trinity 400,000 - - 400,000 -
Renaissance at Santa Clara Street AHP 638,839 - - 638,839 159,696 Fresno Renaissance at Trinity - AHP Loan 200,000 - - 200,000 - Southeast Fresno RAD 10,601,534 - 10,601,534 - 1,717,154 Viking Village RAD 955,349 - - 955,349 169,322
YEC Limited (HOPE VI) 6,258,336 - - 6,258,336 860,059
Doragon @ Chinatown-Cap Fund 1,045,000 - - 1,045,000 -
FHA Note Rec RP L/T - Doragon @ Chinatown-IIG 1,044,000 - - 1,044,000 - Mon. at Chinatown-EPRI /Solar - 536,309 - 536,309 -
Doragon @ Chinatown-TCC AHD 2,001,830 4,087,925 - 6,089,755 176,428 Doragon @ Chinatown-TCC HRI 2,123,569 122,245 - 2,245,814 - Doragon @ Chinatown 1,000,000 - 1,000,000 -
Villages at Barstow-Alegre 1,450,000 - - 1,450,000 117,289 Villages at Paragon 250,000 750,000 (457,689) 542,311 50,000 The Arthur at Blackstone 3,000,000 - - 3,000,000 71,333 Fresno 1101 Parkway 5,858,779 - - 5,858,779 60,673
Total due from related parties 37,911,425 15,355,258 (457,689) 52,808,994 9,431,143 Total $ 38,222,291 $ 15,355,258 $ (487,342) $ 53,090,207 $ 9,432,255 City of Clovis
The Agency has purchased a $500,000 subordinate, multifamily housing revenue bond for the Silver Ridge at Clovis project. The bond was purchased with homebuyer reserve proceeds. The proceeds of the bond were used to develop an apartment complex for seniors in the City of Clovis. The bond matures September 1, 2040 and accrues interest at a rate of 1% per annum.

Annual principal and interest payments depend on the residual cash flows of this future tax credit project. The availability of these cash flows to make future payments is unknown. As of December 31, 2022, the outstanding principal balance was $207,876 with accrued interest of $1,112. 844 South Chance
On January 14, 2021, the Agency entered a loan agreement in the amount of $76,300 with the buyer of the property located at 844 South Chance Avenue, Fresno. The loan is secured by the Deed of Trust. The loan accrues interest at 2.74% per annum, payable monthly beginning March 1, 2021 with a maturity of February 1, 2051. As of December 31, 2022, the outstanding principal balance was $73,337.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
33 Better Opportunities Builders, Inc.

On September 18, 2008, the Agency has made a loan of $125,000 to Better Opportunities Builders, Inc. (BOB). The loan is unsecured and interest free. No payments are due on this loan for 60 months after the date the Agency records the final release of construction covenants for the projects pursuant to the Disposition and Development Agreement (DDA). BOB is considered to be a related party of the Agency. As of December 31, 2022, the outstanding principal balance was $125,000.

Fresno Edison II, LP
On April 14, 2017, the Agency entered into two loan agreements with Fresno Edison II, LP to develop and construct Low-Income housing units. The first loan, Capital and Operating Fund Loan agreement for $1,800,000 bears an interest rate of 4.0% compounded annually and with a maturity date of April 14, 2072. Principal and interest payable annually commencing on June 1, 2019 from available cash flow.

The second loan, HACF Disposition Funds Loan Agreement for $2,350,000 bears an interest rate of

4.0% compounded annually with a maturity date of April 14, 2072 with principal and interest payable annually commencing on May 1, 2017 from available cash flow. The note is secured by, among other security, a subordinate lien mortgage covering the fee simple interest of the Partnership.

As of December 31, 2022, the total outstanding principal balances for both loans was $4,150,000 with accrued interest of $643,151.

Fresno Pacific Gardens, LP
The Agency has authorized three loans to Fresno Pacific Gardens, LP, for the purpose of rehabilitation and construction of a mixed-income rental unit project composed of 55 rental units and one manager’s unit known as Pacific Gardens on land owned by the Agency. All three loans are secured by a deed of trust of the development’s property. Fresno Pacific Gardens, LP is considered a related party of the Agency.

The first loan was authorized on March 14, 2011 for $1,588,656. The loan bears an interest rate of

5.4625% compounded annually, with principal and interest payable annually commencing January 1, 2012 from available cash flow. The note is secured by the deed of trust of the development’s property located in Fresno, California.

The second loan was also authorized on March 14, 2011 in the amount of $599,774. The loan bears an interest rate of 5.4625% compounded annually, with principal and interest payable annually commencing January 1, 2012 from available cash flow after payment of the principal and interest due on the first loan.

The third loan was also authorized on March 14, 2011 in the amount of $550,000. The loan bears an interest rate of 5.4625% compounded annually, with principal and interest payable annually commencing January 1, 2012 from available cash flow after payment of principal and interest due on the first and second loans.

As of December 31, 2022, the outstanding principal balance for all three loans was $2,738,430 with accrued interest of $1,777,081.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
34 Parc Grove Commons II, LP
On January 27, 2010, the Agency authorized a loan to Parc Grove Commons II, LP, for $5,322,730 for the development and construction of a mixed-income tax credit rental unit project comprised of 215 rental units of which 31 are Public Housing units. Interest accrues at a rate of 5%, compounded annually prior to construction completion and 7.5% compounded annually thereafter. The entire amount of principal and accrued interest for both notes is due and payable on February 1, 2065. The note is secured by the deed of trust of the development’s property located in Fresno, California. As of December 31, 2022, the outstanding principal balance was $3,129,538 with accrued interest of $3,486,573.

Renaissance at Alta Monte, LP
On December 13, 2011, the Agency entered into a loan agreement with the Renaissance at Alta Monte, LP for an amount of $400,000. This loan is secured by a Deed of Trust, bears interest at a simple rate of 7.5% during construction and 8.75% after construction completion. The loan matures on November 30, 2065. The loan is payable in annual amounts equal to 50% of the residual receipts as defined in Article 1, Section 1.3 of the promissory note dated December 13, 2011. As of December 31, 2022, the outstanding principal was $400,000. Accrued interest on the loan have been fully reserved as of December 31, 2022.

Renaissance at Santa Clara Street, LP
On December 1, 2010, the Agency entered into a loan agreement with Renaissance at Santa Clara Street, LP for an amount of $400,000 (the “FH Loan”). The loan bears interest on the outstanding balance at 8.75%. The FH Loan is secured by a Deed of Trust, and matures on December 30, 2066.

Beginning January 14, 2014, annual payments of interest and principal are due equal to 50% of the residual receipts, as defined in the Partnership Agreement. As of December 31, 2022, the outstanding principal balance on the FH Loan was $400,000 with accrued interest of $142,284. Accrued interest in the amount of $400,777 have been reserved as of December 31, 2022.

On November 14, 2014, the Agency entered into an AHP loan agreement with Renaissance at Santa Clara Street, LP, for $638,839 with a maturity date of June 1, 2068. The loan bears interest at 8.75% per annum. As of December 31, 2022, the outstanding principal on the AHP Loan was $638,839 with accrued interest of $159,696. Accrued interest in the amount of $342,688 have been reserved as of December 31, 2022.

The total principal recorded for both loans at December 31, 2022 was $1,038,839 with accrued interest of $302,080.

Fresno Renaissance at Trinity, LP
On December 1, 2010, the Agency authorized a loan of $400,000 to Fresno Renaissance at Trinity, LP, a related party to the Housing Authority of the City of Fresno, for the purpose of financing a 21- unit low-income multifamily project known as Renaissance at Trinity. The loan bears no interest with payments due on or before the maturity date of November 30, 2065. The note is secured by a deed of trust of the development’s property located in Fresno, California. Fresno Renaissance at Trinity, LP, is considered to be related party of the Agency. The outstanding balance at December 31, 2022 was $400,000.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
35 On December 1, 2010, the Agency entered into a loan agreement with Fresno Renaissance at Trinity, LP. The Agency was awarded a grant through the Affordable Housing Program (AHP) and these funds were in turn loaned to the Fresno Renaissance at Trinity, LP. The note bears no interest with principal payable upon completion of the project. The outstanding balance of the loan due from Fresno Renaissance at Trinity, LP at December 31, 2022 was $200,000.

Southeast Fresno RAD, LP
On December 18, 2013, the Agency entered into a loan agreement with Southeast Fresno RAD, LP for $6,377,000 to purchase three former public housing sites and rehabilitate into a 191-unit lowincome multi-family project. The note bears an interest rate of 3.32% compounded annually, with principal and interest payable monthly commencing January 1, 2016 from available cash flow, as defined in the Partnership Agreement.

On December 18, 2013, the Agency entered into a second loan agreement with Southeast Fresno RAD, LP for $5,000,000 for the purpose of redevelopment and rehabilitation of three former public housing sites into two sites that will consist of 191-units of low-income housing. The note bears an interest rate of 4.0% compounded annually. Principal and interest payment will commence on January 1, 2015 from available cash flow as defined in the Partnership Agreement.

The outstanding principal balances for the two loans at December 31, 2022, were $10,601,534 with accrued interest of $1,717,154.

Viking Village RAD, LP
On March 18, 2014, the Agency entered into a Purchase Loan agreement with Viking Village RAD, LP for $831,886 to sell certain property to rehabilitate into Low-Income housing units. The note bears a 3.32% interest compounded annually and with a maturity date of March 18, 2069. Principal is payable upon maturity and interest is payable from available cash flow.

On March 18, 2014, the Agency entered into a second loan agreement with Viking Village RAD, LP for $917,387 for the rehabilitation of the above-mentioned property. The note bears a 3.36% interest compounded annually and with a maturity of March 18, 2069. Principal is payable upon maturity and interest is payable from available cash flow.

The outstanding principal balances for the two loans at December 31, 2022 was $955,349 with accrued interest of $169,322.

YEC Limited
The Agency has authorized three loans to YEC Limited, a California Limited Partnership for the purpose of financing the development and construction of a 69-unit public housing development in Fresno, California known as Yosemite Village. The project received low-income housing tax credits through the California Tax Credit Allocation Committee and is intended for rental to low-income families.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
36 The first loan was authorized on November 1, 2008 for $990,000. This loan is secured by the deed of trust of the development’s property. This loan and applicable interest, if any, is deferred until November 1, 2063.

The second loan was also authorized on November 1, 2008 for $362,984 which was passed-through from an allocation of Replacement Housing Factor (RHF) funds provided by the U.S. Department of Housing and Urban Development (HUD). This loan is unsecured, non-interest bearing and is due November 1, 2063.

The third loan was authorized on November 6, 2009 for $5,829,325. This loan is secured by the deed of trust of the development’s property. This loan bears no interest and is deferred until November 1, 2063.

As of December 31, 2022, the outstanding principal balances for all three loans was $6,258,336 with accrued interest of $860,059.

Doragon @ Chinatown, LP
On August 1, 2020, the Agency entered into an HAFC Capital Funds loan agreement with Doragon @ Chinatown, LP, a related party to the Housing Authority of the City of Fresno in the amount of $1,045,000. The HAFC (Cap Funds) Construction Deed of Trust, Security Agreement and Financing Statement secure the note. The note bears no interest and matures on September 30, 2077. As of December 31, 2022, the outstanding principal balance on the Cap Funds loan was $1,045,000.

On August 1, 2020, the Agency entered into an HAFC Infill Infrastructure grant program (IIG) loan agreement with Doragon @ Chinatown, LP, in the amount of $1,160,000. The HAFC (IIG) Construction Deed of Trust, Security Agreement and Financing Statement secure the note. This loan bears no interest and matures on September 30, 2077. As of December 31, 2022, the outstanding principal balance on the Cap Funds loan was $1,044,000.

On August 1, 2020, the Agency entered into a the Monarch @ Chinatown HACF (EPRI/Solar) loan agreement with Doragon @ Chinatown, LP for the amount $850,876. The EPRI/Solar Loan is secured by the Construction Deed of Trust, Security Agreement and Financing Statement. The loan bears no interest and matures on September 30, 2077. The entire amount of principal is due at maturity. As of December 31, 2022, the outstanding principal balance on the EPRI/Solar Loan was $536,309.

On August 1, 2020, the Agency entered into an HAFC (TCC-AHD) loan agreement with Doragon @ Chinatown, LP for the amount $8,004,319. The loan bears interest on the outstanding balance at 3%.

The TCC-AHD Loan is secured by the Construction Deed of Trust, Security Agreement and Financing Statement, and matures on September 30, 2077. The entire amount of principal and accrued interest for both notes is due at maturity. As of December 31, 2022, the outstanding principal balance on the TCC-AHD Loan was $6,089,755 with accrued interest of $176,429.

On August 1, 2020, the Agency entered into an HAFC (TCC-HRI) loan agreement with Doragon @ Chinatown, LP for the amount $2,800,000. The TCC-AHD Loan is secured by the Construction Deed of Trust, Security Agreement and Financing Statement. The loan bears no interest and matures on September 30, 2077. The entire amount of principal is due at maturity. As of December 31, 2022, the outstanding principal balance on the TCC-HRI Loan was $2,245,814.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
37 On October 11, 2017, the Agency authorized of advance for pre-developmental activities, closing costs and development activities for the Chinatown Housing Development project. The funds were advanced in 2022 and bears no interest. As of December 31, 2022, the outstanding principal balance on the advance was $1,000,000.

As of December 31, 2022, the outstanding principal balances for all six loans was $11,960,878 with accrued interest of $176,428.

Villages at Barstow, LP
On December 23, 2020, the Agency entered into a loan agreement with The Villages at Barstow, LP, a related party to the Housing Authority of the City of Fresno in the amount of $1,450,000. The note is secured by, among other security, a subordinate lien mortgage or deed of trust. The note bears an interest rate of 4.00% per annum and matures on January 31, 2078. As of December 31, 2022, the outstanding principal balance for the loan was $1,450,000 with accrued interest of $117,289.

The Villages at Paragon, LP
On July 23, 2019, the Agency entered into a pre-development loan agreement with Housing Relinquished Fund Corporation, a joint venture to the Housing Authority of the City of Fresno in the amount of $1,000,000 for the rehabilitation of The Villages at Paragon Apartments. The note is secured by, among other security, a subordinate lien mortgage or deed of trust. The note bears interest at 5% per annum and matures on January 31, 2078. As of December 31, 2022, the outstanding principal balance for the loan was $542,311 with accrued interest of $50,000.

The Arthur at Blackstone, LP
On May 26, 2022, the Agency entered into a loan agreement with The Arthur at Blackstone, LP, a related party of the Housing Authority of the City of Fresno in the amount of $3,000,000. The note is secured by, among other security, a subordinate lien mortgage or deed of trust. The note bears an interest rate of 4.00% per annum and matures on May 1, 2080. As of December 31, 2022, the outstanding principal balance for the loan was $3,000,000 with accrued interest of $71,333.

Fresno 1101 Parkway, LP
On May 26, 2022, the Agency entered into a loan agreement with Fresno 1101 Parkway, LP, a related party of the Housing Authority of the City of Fresno in the amount of $5,858,779. The note is secured by, among other security, a subordinate lien mortgage or deed of trust. The note bears an interest rate of 4.00% per annum and matures on June 1, 2079. As of December 31, 2022, the outstanding principal balance for the loan was $5,858,779 with accrued interest of $60,673.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
38 9) Investment in Joint Ventures
As of December 31, 2022, the Agency’s investment in joint ventures is comprised of the following:

Housing Relinquished Fund Corporation $ 43,006,051
Housing Self Insurance Corporation (63,322)
Silvercrest, Inc. 13,799,436
Villa Del Mar, Inc. (61,183)
Total Investments in Joint Venture $ 56,680,982
Housing Relinquished Fund Corporation (HRFC) – This entity was created as a steward for the Housing Authority of the City and County of Fresno’s development and investment capital. HRFC’s Board of Directors is comprised of two members each of the City Housing Authority and County Housing Authority’s Board of Commissioners. The Agency has a 75% allocation on distribution of net assets upon dissolution of HRFC. HRFC does not issue separate financial statements. As of December 31, 2022, HRFC has total assets, liabilities and equity of $59,049,571, $5,426,772 and $53,622,799, respectively. For the year end December 31, 2022, HRFC's revenue and expenses were $4,768,303 and $309,282, respectively.

Housing Self Insurance Corporation (HSIC) – This entity was organized to provide additional security against a variety of insurable and non-insurable losses to include deductibles, payouts, settlements, and other related obligations. HSIC’s Board of Directors is comprised of two members each of the City Housing Authority and County Housing Authority’s Board of Commissioners. The Agency has an 84% allocation on distribution of net assets upon dissolution of HSIC. HSIC does not issue separate financial statements. As of December 31, 2022, HSIC has total assets, liabilities and equity (deficit) of $271,241, $6,250 and $264,991, respectively. For the year end December 31, 2022, HSIC’s revenue and expenses were $0 and $36,859, respectively.

Silvercrest, Inc. - This entity is a California non-profit public benefit corporation. Silvercrest, Inc. was formed as a vehicle to own and operate a number of housing developments throughout Fresno County, primarily in a limited partnership arrangement with local developers. Silvercrest, Inc.’s Board of Directors is comprised of two members each of the City Housing Authority and County Housing Authority’s Board of Commissioners. The Agency has a 74% allocation on distribution of net assets upon dissolution of Silvercrest, Inc. Audited financial statements, when they become available, may be requested by writing to the Housing Authority of the City of Fresno, at P.O. Box 11985, Fresno, California 93776-1985. As of December 31, 2022, Silvercrest, Inc. has total assets, liabilities and equity of $29,044,880, $14,376,433 and $14,368,447, respectively. For the year end December 31, 2022, Silvercrest, Inc.’s revenue and expenses were $3,591,846 and $12,423,670, respectively.

Villa Del Mar, Inc. – This entity was created for purposes of ownership and management of the 48- unit Villa Del Mar affordable housing project in the City of Fresno. Villa Del Mar, Inc.’s Board of Directors is comprised of two members each of the City Housing Authority and County Housing Authority’s Board of Commissioners. The Agency has a 100% allocation on distribution of net assets upon dissolution of Villa Del Mar, Inc. Villa Del Mar, Inc. does not issue separate financial statements.

As of December 31, 2022, Villa Del Mar, Inc. has total assets, liabilities and equity (deficit) of $0, $46,245 and ($46,245), respectively. For the year end December 31, 2022, Villa Del Mar, Inc.’s revenue and expenses were $3,091 and $2,025, respectively.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
39 10) Assets Held for Sale
Assets held for sale consist of homes that are being developed using a variety of Federal, State, and local funds. The assets held for sale are recorded in the following funds as of December 31, 2022:

CHFA Program $ 1,037,878
City Public Housing Program 331,507
Total Assets Held for Sale $ 1,369,385
The Agency used a portion of loans from the California Housing Finance Agency (CHFA) HELP Program to purchase properties for use in future developments or for the future sale to program participants. The Agency purchased a parcel of land at a total cost of $1,037,878 to be used for future development. At December 31, 2022, the carrying value of remaining assets held for sale was $1,037,878.

In accordance with Section 5 of the Public Housing Act, the Agency sells single family homes to qualified low-income residents. At December 31, 2022, the book value of homes held for sale were $331,507.
11) Leases
Lease receivable
The Agency, as a lessor, has entered into lease agreements for the use of certain ground and commercial spaces. Terms of the agreements are listed below. As an interest rate implicit in the Agency’s leases is not readily determinable, the Agency used the incremental borrowing rate of

3.52% obtained from their lenders. For the year ended December 31, 2022, the Agency has the following leases:

Current
Lease
Receivable
Non-Current
Lease
Receivable
Deferred
Inflows of
Resources
Lease
Revenue
Lease
Interest
Revenue
Ground Lease
Pacific Garden Ground Lease $ 15,488 $ 1,520,599 $ 1,536,087 $ 15,442 $ 4,558 1260-Marderosian Building 52,267 1,039,681 1,091,948 8,534 6,467 Plaza Terrace El Puente 322,997 - 322,997 634,767 116,665 VA Parc Grove Parking Lot 116,840 208,190 325,030 46,846 5,237 Total $ 507,592 $ 2,768,470 $ 3,276,062 $ 705,589 $ 132,927 Commerical Lease
Ground lease
Pacific Gardens - On March 14, 2011, the Agency entered into a 99-year ground lease agreement with Pacific Gardens, LP, for the property located at 516 E Kings Canyon Rd, Fresno, CA. The Agency is receiving annual payments of $20,000 through March 3, 2110.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
40 Commercial lease
1260-Marderosian Building - On December 8, 2021, On December 8, 2021, the Agency and the Housing Authority of the City of Fresno, a related party, jointly entered into a 5-year lease agreement with Central Valley Community Foundation, a California nonprofit corporation, for the property located at 1260 Fulton Street, Fresno, CA 93721. The Agency is receiving monthly payments of $7,500 through 2027, with two 5-year options to extend.

Plaza Terrace El Puente - On September 26, 2017, the Agency entered into a 5-year lease agreement with County of Fresno, a political subdivision of the State of California, for the property located at 4041 Plaza Drive, Fresno, CA 93702 (from October 2017 – September 2018) and 937 Klette Avenue, Fresno, CA 93706 (August 2018 – June 2023). The Agency is receiving monthly payments of $60,204 through 2023.

VA Parc Grove Parking Lot - On August 19, 2022, the Agency entered into a 1-year lease agreement with Department of Veterans Affairs for the parking lot located at E. Clinton Avenue/N. Angus Street, Fresno, CA 93703. The Agency is receiving monthly payments of $10,417 through 2023, with one 3- year option to extend.

The following is a schedule of future lease payments expected through the terms of the lease agreements note above subsequent to December 31, 2022:

Total future
rental payments
Less amount
representing
interest
Present value of future
lease payments
receivable
2023 $ 642,656 $ (135,064) $ 507,592
2024 240,359 (45,812) 194,547
2025 198,408 (39,504) 158,904
2026 110,000 (36,295) 73,705
2027 112,025 (34,149) 77,876
2028-2032 603,230 (132,230) 471,000
2033-2037 589,945 (88,690) 501,255
2038-2042 100,000 (22,699) 77,301
2043-2047 100,000 (17,407) 82,593
2048-2052 100,000 (16,188) 83,812
2053-2057 100,000 (14,952) 85,048
2053-2062 100,000 (13,697) 86,303
2063-2067 100,000 (12,424) 87,576
2068-2072 100,000 (11,132) 88,868
2073-2077 100,000 (9,821) 90,179
2078-2082 100,000 (8,490) 91,510
2083-2087 100,000 (7,140) 92,860
2088-2092 100,000 (5,770) 94,230
2093-2097 100,000 (4,380) 95,620
2098-2102 100,000 (2,969) 97,031
2103-2107 100,000 (1,538) 98,462
2108-2110 40,000 (210) 39,790
Total $ 3,936,623 $ (660,561) $ 3,276,062

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
41 Lease Payable
On January 1, 2021, the Agency, as a lessor, had entered a 1-year lease agreement with Silvercrest, Inc., a related party, for the real property called located at 777 N Parkway, Fresno, CA 93728. As an interest rate implicit in the Silvercrest, Inc’s lease is not readily determinable, the Agency used the incremental borrowing rate of 3.52% obtained from their lenders. The Agency has exercised the option to extend the agreement for additional 4-years and is paying monthly payments of $35,000 through 2025.

Current
Lease
Liability
Non-Current
Lease Liability
Right of Use
Asset, Net
Lease
Amortization
Expense
Lease
Interest
Expense
Silvercrest, Inc $ 386,129 $ 726,906 $ 1,133,177 $ 377,725 $ 22,133 The following is a schedule for the future minimum lease payment requirements through the term of the lease agreement noted above subsequent to December 31, 2022:

Total future
required
payments
Less amount
representing
interest
Present value of future
minimum lease
payments
2023 420,000 $ $ (33,871) $ 386,129
2024 420,000 (49,141) 370,859
2025 420,000 (63,953) 356,047
Total $ 1,260,000 $ (146,965) $ 1,113,035

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
42 12) Long-Term Liabilities
Changes in long-term liabilities for the year ended December 31, 2022, were as follows:

Balance
12/31/2021 Additions Payments/
Deletions
Balance
12/31/2022
Due Within
One Year
Notes Payable - Non-Related Parties:

U.S. Department of Agriculture
City of Fresno - NSP San Ramon $ 3,000,036 $ - $ - $ 3,000,036 $ - Santa Clara-AHP 638,839 - - 638,839 -
Trinity- AHP 200,000 - - 200,000 -
San Ramon Apartments 987,811 6,445 (20,596) 973,660 16,068 Valley Republic Bank - Marderosian Bldg 1,250,000 - (9,018) 1,240,982 29,711 Mortgages
Dayton Square 1,370,439 (1,370,439) - - -
El Cortez Apartments 1,091,261 (1,091,261) - - -
Woodside Apartments 1,553,926 (1,553,926) - - -
Dayton Square 1,925,000 - (24,622) 1,900,378 35,778
El Cortez Apartments 1,535,000 - (19,634) 1,515,366 28,529 Woodside Apartments 2,185,000 - (27,947) 2,157,053 40,610 8,842,312 6,901,445 (4,117,443) 11,626,314 150,696
Notes Payable - Related Parties:

P&CD (Pacific Garden Enterp.) to HRFC 1,340,894 - - 1,340,894 - P&CD (Various pre-dev) to HRFC 2,926,850 7,493,561 (6,952,819) 3,467,592 3,467,592 Helm Home to HRFC 872,040 - - 872,040 -
Office building to HRFC 154,000 - - 154,000 -
LIPH (Townsend) to HRFC 98,097 - - 98,097 -
Roosevelt Apartment 408,973 - - 408,973 408,974
5,800,854 7,493,561 (6,952,819) 6,341,596 3,876,566
Other Liabilities:

Interest Payable 1,157,019 427,509 (54,763) 1,529,765 370,095 Compensated Absences 1,676,637 997,923 (1,837,447) 837,113 523,349 Homebuyers Earned Payments 46,854 3,517 - 50,371 -
Net Pension Liability 6,066,409 6,717,849 12,784,258 - - 8,268,205 8,825,512 (1,892,210) 15,201,507 893,444
Total Notes Payable $ 22,911,371 $ 23,220,518 $ (12,962,472) $ 33,169,417 $ 4,920,706

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
43 The following is a schedule of debt payment requirements to maturity for notes payable:

Year Ending December 31 Principal Interest Total
2023 $ 4,027,262 $ 370,095 $ 4,397,357
2024 1,618,126 364,689 1,982,815
2025 500,038 357,309 857,347
2026 506,854 350,493 857,347
2027 513,652 287,149 800,801
2028-2032 3,350,556 1,675,271 5,025,827
2033-2037 5,951,404 1,295,821 7,247,225
2038-2042 750,009 502,054 1,252,063
2043 750,009 293,838 1,043,847
$ 17,967,910 $ 5,496,719 $ 23,464,629
City of Fresno NSP (Neighborhood Stabilization Program) In March 2013, the Agency entered into a Loan Agreement with the City of Fresno for $1,800,000 to administer the Neighborhood Stabilization Program, a federal program funded by HUD. This loan is intended for the construction, rehabilitation, and/or preservation of project units and affordable housing units. In March 2014, an Amendment to the Agreement was made to increase the loan amount to $3,000,000. This note carries a 2% simple annual interest rate. Current payment terms are based upon residual cash flow of the properties being funded with principal and interest payable 30 years from origination date. As of December 31, 2022, the outstanding balance of this note was $3,000,036.

Santa Clara-AHP
On November 14, 2014, the Agency entered into a promissory note with Mississippi Valley Company Bank in the amount of $638,839 (the “AHP Loan”) from funds provided by the Federal Home Loan Bank of San Francisco pursuant to the regulations governing the Affordable Housing Program (“AHP”). Under the terms of the agreement, the AHP Loan bears no interests. The Agency has loaned the proceeds to 1555 Santa Clara Street, LP, a related party. See Note 8 for the Notes Receivable from 1555 Santa Clara Street related to this AHP loan. As of December 31, 2022, the outstanding principal balance was $638,839.

Fresno Renaissance at Trinity-AHP
On February 25, 2013, the Agency entered into a promissory note with Bank of the West in the amount of $200,000 from funds provided by the Federal Home Loan Bank of San Francisco pursuant to the regulations governing the Affordable Housing Program (“AHP”). Under the terms of the agreement, the AHP Loan bears no interest. The Agency has loaned the proceeds to Fresno Renaissance at Trinity, LP, a related party. See Note 8 for the Notes Receivable from Fresno Renaissance at Trinity related to this AHP loan. As of December 31, 2022, the outstanding principal balance was $200,000.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
44 San Ramon Apartments
On July 15, 2019, the Agency entered into a promissory note with Central Valley Community Bank in the amount of $1,025,000. The fund was applied to the HRFC loan, which can be used on future affordable housing projects. The note accrues interest of 5.25% per annum and matures on July 15, 2029. As of December 31, 2022, the outstanding principal balance was $973,660.

Mortgages
On January 14, 2004, the Agency borrowed $5,000,000 from the Bank of the West, with the purpose of refinancing the debt on three apartment complexes: El Cortez Apartments, Dayton Square, and Woodside Apartments. Each of the three loans is secured by each apartment complex. On March 20, 2014, the three mortgages were re-financed for $4,589,657 at 4.25% interest rate and set to mature on January 5, 2024. On April 21, 2022, the three loans were re-financed for $5,645,000 at 3.79% interest rate and set to mature on April 21, 2037.

As of December 31, 2022, the balances were the following:

Principal
Monthly
Payment
Due Within 1
Year
Dayton Square $ 1,900,378 $ 2,982 $ 35,778
El Cortez 1,515,366 2,378 28,529
Woodside Apartments 2,157,053 3,385 40,610
$ 5,572,797 $ 104,917
Marderosian Building Note
On March 16, 2022, the Agency and The Housing Authority of Fresno County, jointly entered into a loan agreement with Valley Republic Bank in the amount of $2,500,000. Under the terms of the agreement, the loan bears 4.00% interest per annum and matures on April 5, 2037. The loan is allocated 50-50 between the borrowers. As of December 31, 2022, the outstanding principal balance was $1,240,982 with accrued interest of $0.

Housing Relinquished Fund Corporation (HRFC)
On June 2, 2010, the Agency recorded in the Planning and Community Development fund a promissory note entered into with the HRFC for $2,700,000 for the acquisition of 100% of the shares of Pacific Gardens Enterprises, Inc., the sole owner of Pacific Gardens Apartments located in Fresno, California. Payments for the loan are to be made from the eventual sale or refinancing of the apartment complex. The loan carries an interest rate of 5% per annum and is due upon sale or refinance of the complex. The outstanding principal balance at December 31, 2022 was $1,340,894.

The predevelopment loans are made throughout the year. Payments are to be made from the sale of the properties. The outstanding balance at December 31, 2022 was $3,467,592.

The Helm Home is located at 1749 L Street in Fresno, was purchased in March 2010 and is on the local register of historic sites. The loan carries an interest rate of 5% per annum and is due upon sale or refinance of the complex. The outstanding principal balance at December 31, 2022 was $872,040.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
45 The Agency entered into a promissory agreement with HRFC for $154,000, a portion of the acquisition of the Central Office Building. This note bears no interest and is open ended with regard to payment.

The outstanding principal balance on this note at December 31, 2022 was $154,000.

On October 1, 2006, the Agency obtained a loan from HRFC for the purchase of the property at 3129 E. Townsend properties for $98,097. The note bears no interest and the principal is payable upon sale of property. The outstanding principle balance on this note at December 31, 2022 was $98,097.

This property is currently in Assets Held for Sale.

On October 2, 2020, the Agency obtained a loan from HRFC for the purchase of the property at 466 N. Roosevelt property for $408,973. The note bears no interest and is open ended with regard to payment. The outstanding principal balance on this note at December 31, 2022 was $408,973.

Compensated Absences Payable
It is the Agency’s policy to permit employees to accumulate earned but unused vacation leave, which will be paid to employees upon separation from the Agency’s service or used in future periods. The Agency permits employees to accumulate earned but unused sick leave which will be used in future periods, paid to the employee upon termination, or upon retirement. The Executive Director is entitled to receive cash out of accrued sick leave at the time of separation. Other employees are paid 25% of the value of their unused sick leave upon voluntary separation, and 50% upon retirement or death.

Employees are paid 100% of unused vacation leave upon separation of employment as provided in the applicable collective bargaining agreement and in accordance with the law.

As of December 31, 2022, accrued vacation and vested sick leave has been valued by the Agency at $837,113 with the current portion due in the amount of $523,349. 13) Due to Other Governments
At December 31, 2022, amounts due to other governments consists of the following:

Payments in Lieu of Taxes $ 93,304
U.S. Department of HUD 338,082
Total Due to Other Governments $ 431,386
14) Due to Related Parties
At December 31, 2022, amounts due to related parties consist of the following:

Housing Authority of Fresno County $ 4,428,783
Limited Partnerships 129,245
Total Due to Related Parties $ 4,558,028

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
46 15) Other Current Liabilities
Other current liabilities at December 31, 2022, consist of the following:

Payroll - Withholding Taxes, Benefits Payable $ 98,472
Unclaimed Checks/Refunds 161,939
Accrued Expenses 178,653
Other Liabilities 41,019
Total Other Current Liabilities $ 480,083
16) Unearned Revenues
Unearned revenues at December 31, 2022, consist of the following:

Grant $ 2,081,668
Prepaid Tenant Rents 13,404
Other 363
Total Unearned Revenues $ 2,095,435
17) Deferred Compensation
The Agency offers its employees a deferred compensation plan created in accordance with Internal Revenue Code 457. The plan, available to all permanent employees, permits them to defer a portion of their current salary until future years. The deferred compensation is not available to employees until termination, retirement, death or unforeseeable emergency. Annual contributions by a participant may not exceed $20,500 established by IRS for 2022. Employees may also borrow against their deferred compensation account while employed under the deferred compensation loan program. The 401(a) Plan also provides an employer-matching contribution on amounts up to $900 per employee to defer into the 457 plan. The employer contribution to the 457 plan amounted to $94,402 for the year ended December 31, 2022. All amounts of compensation deferred under the plan, all property and rights purchased with those amounts, and all income attributable to those amounts, property, or rights are held in trust for the exclusive benefit of participants and their beneficiaries.

The Agency maintains two plans which are administered by Mass Mutual and the California Public Employees’ Retirement System. These funds are not recorded as assets of the Agency since they are held in trust for the exclusive benefit of participants and their beneficiaries and are not subject to claims of the Agency’s general creditors.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
47 18) Defined Benefit Pension Plan
All qualified permanent and probationary employees are eligible to participate in the Local Government’s Miscellaneous Plans, agent multiple-employer defined benefit pension plans administered by the CalPERS, which acts as a common investment and administrative agent for its participating member employers. Benefit provisions under the Plans are established by State statute and Local Government resolution. CalPERS issues publicly available reports that include a full description of the pension plans regarding benefit provisions, assumptions and membership information that can be found on the CalPERS website.

Plan’s Major Benefit Options
CalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to plan members, who must be public employees and beneficiaries. Benefits are based on years of credited service, equal to one year of full-time employment.

Shown below is a summary of the major optional benefits for which the agency has contracted.

Contract Package
Active
Miscellaneous
Active
Miscellaneous
- PEPRA
Receiving
Miscellaneous
Benefit Provision
Benefit Formula 2.0% @ 60 2.0% @ 62
Social Security Coverage Yes Yes
Full/Modified Modified Full
Employee Contribution Rate 7.00% 6.25%
Final Average Compensation
Period One Year Three Year
Sick Leave Credit Yes Yes
Non-Industrial Disability Standard Standard
Industrial Disability No No
Pre-Retirement Death Benefits
Optional Settlement 2W No No
1959 Survivor Benefit Level No No
Special No No
Alternate (firefighters) No No
Post-Retirement Death Benefits
Lump Sum $500 $500 $500
Survivor Allowance (PRSA) No No No
COLA 2% 2% 2%

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
48 Employees Covered:

Summary of Valuation Data (Counts)
June 30, 2021

1. Active Members 108

2. Transferred Members 31

3. Terminated Members 89

4. Retired Members and Beneficaries 109

5. Active to Retired Ratio [(1)/(4)] 0.99
Counts of members included in the valuation are counts of the records processed by the valuation.

Multiple records may exist for those who have service in more than one valuation group. This does not result in double counting of liabilities.

Average Annual Benefits represents benefit amounts payable by this plan only. Some members may have service with another agency and would therefore have a larger total benefit than would be included as part of the average shown here.

Contribution Description
Section 20814(c) of the California Public Employees’ Retirement Law (PERL) requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. The total plan contributions are determined through CalPERS’ annual actuarial valuation process. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The employer is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. Employer contribution rates may change if plan contracts are amended. Payments made by the employer to satisfy contribution requirements that are identified by the pension plan terms as to member contribution requirements are classified as plan member contributions.

For the measurement period ending June 30, 2022, the average active employee contribution rate was 6.60 percent of annual pay, and the average employer’s contribution rate was 7.64 percent of annual payroll. Employer contribution rates may change if plan contracts are amended. It is the responsibility of the employer to make necessary accounting adjustments to reflect the impact due to any Employer Paid Member Contributions or situations where members are paying a portion of the employer contribution.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
49 Actuarial Methods and Assumptions Used to Determine Total Pension Liability The June 30, 2021 valuation was rolled forward to determine the June 30, 2022 total pension liability, based on the following actuarial methods and assumptions:

Actuarial Cost Method Entry Age Actuarial Cost Method
Actuarial Assumptions
Discount Rate 6.90%
Inflation 2.30%
Salary Increases Varies by Entry Age and Service
Mortality Rate Table 1 Derived using CalPERS’ Membership Data for all funds Post Retirement Benefit
Increase
The lessor of contract COLA or 2.3% until Purchasing Power Protection Allowance floor on purchasing power applies,

2.3% thereafter
1 The morality table used was developed based on CalPERS-specific data. The probabilities of mortality are based on the 2021 CalPERS Experience Study for the period from 2001 to 2019. Preretirement and Post-retirement mortality rates include generational mortality improvement using 80% of Scale MP-2020 published by the Society of Actuaries. For more details on this table, please refer to the CalPERS experience Study and Review of Actuarial Assumptions report from December 2021 that can be found on the CalPERS website.

Discount Rate
The discount rate used to measure the total pension liability was 6.90 percent. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from employers will be made at statutorily required rates, actuarially determined. Based on those assumptions, the Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total pension liability.

Long-term Expected Rate of Return
The long-term expected rate of return on pension plan investments was determined using a buildingblock method in which expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class.

In determining the long-term expected rate of return, CalPERS took into account both short-term and long-term market return expectations. Using historical returns of all of the funds’ asset classes, expected compound (geometric) returns were calculated over the next 20 years using a buildingblock approach. The expected rate of return was then adjusted to account for assumed administrative expenses of 10 Basis points. The expected real rates of return by asset class are as follows:

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
50 The expected real rates of return by asset class are as followed:

Asset Class1 Assumed asset
allocation Real Return1, 2
Global Equity - Cap-weighted 30.00% 4.54%
Global Equity - Non-Cap- weighted 12.00 3.84
Private Equity 13.00 7.28
Treasury 5.00 0.27
Mortgage-backed Securities 5.00 0.50
Investment Grade Corporates 10.00 1.56
High Yield 5.00 2.27
Emerging Market Debt 5.00 2.48
Private Debt 5.00 3.57
Real Asset 15.00 3.21
Leverage (5.00) (0.59)
(1) An expected inflation of 2.30% used for this period. (2) Figures are based on the 2021 Asset Liability Management study Changes in Net Pension Liability
The changes in Net Pension Liability for the measurement period ended June 30, 2022, were as follows:

Total Pension
Liability
Plan Fiduciary
Net Pension
Net Pension
Liability
Balance at: June 30, 2021 $ 45,840,147 $ 39,773,738 $ 6,066,409 Changes recognized for the measurement period:

Service Cost 1,081,529 - 1,081,529
Interest on Total Pension Liability 3,206,612 - 3,206,612 Changes of Benefit Terms - - -
Changes of Assumptions 1,490,483 - 1,490,483
Differences between Expected and
Actual Experience (279,241) - (279,241)
Net Plan to Plan Resource Movement - - -
Contributions - Employer - 1,291,712 (1,291,712)
Contributions - Employee - 491,122 (491,122)
Net Investment Income (2,976,523) - 2,976,523
Benefit Payments, including Refunds of
Employee Contributions (2,239,012) (2,239,012) -
Administrative Expense - (24,777) 24,777
Other Miscellaneous Income - - -
Net Changes during 2021-2022 3,260,371 (3,457,478) 6,717,849 Balance at: June 30, 2022 $ 49,100,518 $ 36,316,260 $ 12,784,258 Increase (Decrease)

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
51 Sensitivity of the Net Pension Liability to Changes in the Discount Rate The following presents the net pension liability of the Plan as of the Measurement Date, calculated using the discount rate of 6.90 percent, as well as what the net pension liability would be if it were calculated using a discount rate that is 1 percentage-point lower (5.90 percent) or 1 percentage-point higher (7.90 percent) than the current rate.

Discount Rate -1%
(5.90%)
Current Discount Rate
(6.90%)
Discount Rate + 1%
(7.90%)
Plan's Net Pension Liability/(Assets) $ 19,626,131 $ 12,784,258 $ 7,160,089 Subsequent Events
There were no subsequent events that would materially affect the results presented in this disclosure.

Recognition of Gains and Losses
Under GASB 68, gains and losses related to changes in total pension liability and fiduciary net position are recognized in pension expense systematically over time. The first amortized amounts are recognized in pension expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to pensions and are to be recognized in future pension expense.

The amortization period differs depending on the source of the gain or loss:

Net Difference between projected and
actual earnings on investments
5-year straight-line amortization
All other amounts Straight-line amortization over the average expected remaining service lifetime (EARSL) of all members that
are provided with benefits (active, inactive, and retired) as of the beginning of the measurement period
Expected Average Remaining Service Lifetime (EARSL)
The expected average remaining service lifetime (EARSL) is calculated by dividing the total future service years by the total number of plan participants (active, inactive, and retired). Note that inactive employees and retirees have remaining service lifetimes equal to 0. Also note that total future service is based on the members’ probability of decrementing due to an event other than receiving a cash refund.

The EARSL for the Plan for the measurement period ending June 30, 2022 is 4.1 years, which was obtained by dividing the total service years of 1,379 (the sum of remaining service lifetimes of the active employees) by 337 (the total number of participants: active, inactive, and retired). Inactive employees and retirees have remaining service lifetimes equal to 0. Total future service is based on the members’ probability of decrementing due to an event other than receiving a cash refund.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
52 Deferred Outflows and Deferred Inflows of Resources
For the Measurement Period ending June 30, 2022, the Agency incurred a pension expense of $2,093,218.

As of June 30, 2022, the Housing Authority of the City of Fresno has deferred outflows and deferred inflows of resources related to pensions listed below. Contributions subsequent to the measurement date are also shown as a Deferred Outflow of Resources.

Deferred
Outflow of
Resources
Deferred
Inflow of
Resources
Changes of Assumptions 1,126,951 $ $ -
Differences between Expected and Actual Experience 353,105 (211,133) Net Difference between Projected and Actual Earnings on Pension Plan Investments 1,871,028 -
Payment on pension contributions between measurement
date and fiscal year end 682,332 -
Total $ 4,033,416 $ (211,133)
The $682,332 in pension payments between June 30 and December 31, 2022, reported as deferred outflows of resources related to employer contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the fiscal year ended December 31, 2023.

Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized as pension expense as follows:

Amortization of Deferred Outflows/(Inflows) of Resources December 31:
2023 835,665 $
2024 699,243
2025 435,852
2026 1,169,191
2027 -
Thereafter -
$ 3,139,951
$ 4,033,416
(211,133)
3,822,283
Payment on pension contributions between measurement
date and fiscal year end $ (682,332)

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
53 19) Insurance Coverage
HARRP
The Agency is a member of the Housing Authority Risk Retention Pool (HARRP). HARRP was established by public housing authorities participating in an intergovernmental cooperation agreement pursuant to specific statutes in Oregon, Washington, California and Nevada for the purpose of operating and maintaining a cooperative program of risk management and loss indemnification. HARRP offers property, general liability, automobile liability and physical damage, fidelity, and errors and omissions, which includes employment practices and director’s and officers’ liability insurance to participants. The relationship between the Agency and HARRP is such that HARRP is not a component unit of the Agency for financial reporting purposes.

The Agency’s insurance expense was $336,094 for the year ended December 31, 2022. The loss limits for the various types of insurance are follows: individual structure stated value, with full replacement cost, for property with a deductible per occurrence of $10,000; $2,000,000 for general liability with no deductible; $2,000,000 for automobile liability, including losses arising from the use of a non-owned covered automobile; $100,000 for employee dishonesty and forgery and alteration with a $1,000 deductible; $10,000 for employee theft with a $1,000 deductible; and $2,000,000 for errors and omissions with a 10% co-pay.

This activity related to risk management is also accounted for in the Housing Self Insurance Corporation (HSIC), a joint venture of the Agency. HSIC records an expense when it pays for repairs to the Agency’s properties when incurred. HSIC records revenue when it receives payment from the Agency for insurance premiums recorded as expense by the Agency.

California Housing Workers’ Compensation Authority
The Agency is insured for workers’ compensation claims through the California Housing Workers’ Compensation Authority (CHWCA). Under this program, the pool provides up to $550,000 workers’ compensation coverage and $550,000 employer’s liability coverage. The Authorities are insured for Statutory Workers’ Compensation by the Safety National Casualty Corporation. The pool provides up to $5,000,000 per occurrence. The Agency’s worker’s compensation insurance expense was $38,967 for the year ended December 31, 2022.
20) Participation in Related Party Limited Partnerships YEC Limited
YEC Limited, a California Limited Partnership, was formed to construct, hold and otherwise operate the 69-unit single family residential project known as Yosemite Village. The project is located in Fresno, California and is intended for rental to low-income families. The project received low-income housing tax credits through the California Tax Credit Allocation Committee.

The partnership was originally formed on February 7, 2007, by the Housing Authority of the City of Fresno as the Co-General Partner and Silvercrest, Inc., a California non-profit public benefit corporation, as the Managing General Partner. The day-to-day operations of the partnership are controlled by the Managing General Partner. This agreement was later amended to admit Columbia

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
54 Housing/PNC Institutional Fund XLI Limited Partnership as the Investment Limited Partner and Columbia Housing SLP Corporation as the Special Limited Partner.

Together, the two General Partners (the Housing Authority of the City of Fresno and Silvercrest, Inc.) are allocated 0.01% interest of all net profits (or net losses) of the partnership. Complete audited financial statements, when they become available, may be requested by writing to the Housing Authority of the City of Fresno, at P.O. Box 11985, Fresno, California 93776-1985. See Note 8 for descriptions of any related party transactions between the Agency and the partnership.

Parc Grove Commons II, Limited Partnership
Parc Grove Commons II, a California Limited Partnership, was formed for the development and construction of a mixed-income tax credit rental unit project comprised of 215 rental units. The project is located in Fresno, California and is intended for rental to low-income families. The project received low-income housing tax credits through the California Tax Credit Allocation Committee.

The partnership was originally formed on March 11, 2008, by Silvercrest, Inc., a California non-profit public benefit corporation as the Managing General Partner, and the Housing Authority of the City of Fresno as the Co-General Partner. The day-to-day operations of the partnership are controlled by the Managing General Partner. This agreement was later amended on January 27, 2010 to admit Wachovia Affordable Housing Community Development Corporation as the Investor Limited Partner and as State Equity Limited Partner.

Together, the two General Partners, (the Housing Authority of the City of Fresno and Silvercrest, Inc.) are allocated a 0.01% interest of all net profits (or net losses) of the partnership. Complete audited financial statements, when they become available, may be requested by writing to the Housing Authority of the City of Fresno, at P.O. Box 11985, Fresno, California 93776-1985. See Note 8 for descriptions of any related party transactions between the Agency and the partnership.

Fresno Renaissance at Trinity, LP
Fresno Renaissance at Trinity, a California Limited Partnership, was formed to acquire, construct/rehabilitate, and operate the Renaissance at Trinity Apartments, a 21-unit permanent supportive housing project located in Fresno, California. The project received low-income housing tax credits through the California Tax Credit Allocation Committee.

The partnership was originally formed on June 9, 2010, by Fresno Renaissance at Trinity, LLC, a California limited liability company, as the Administrative General Partner and Silvercrest, Inc., a California nonprofit public benefit corporation as the Managing General Partner. The day-to-day operations of the partnership are controlled by the Managing General Partner. The agreement was later amended as of December 1, 2010 to admit PNC Real Estate Tax Credit Capital Institutional Fund 47 Limited Partnership as the Investment Limited Partner, and Colombia Housing SLP Corporation as the Special Limited Partner.

Together, the two General Partners (Fresno Renaissance at Trinity, LLC and Silvercrest, Inc.) are allocated 0.01% interest of all net profits (or net losses) of the partnership. Complete audited financial statements, when they become available, may be requested by writing to the Housing Authority of the City of Fresno, at P.O. Box 11985, Fresno, California 93776-1985. See Note 8 and Note 12 for descriptions of any related party transactions between the Agency and the partnership.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
55 Fresno Renaissance at Alta Monte, LP
Fresno Renaissance at Alta Monte, a California Limited Partnership, was formed to acquire, construct/rehabilitate, and operate the Fresno Renaissance at Alta Monte, a 70-unit permanent supportive housing project located in Fresno, California. The project received low-income housing tax credits through the California Tax Credit Allocation Committee.

The partnership was originally formed on September 23, 2009, by Fresno Renaissance at Alta Monte, LLC, a California limited liability company, as the Administrative General Partner and Silvercrest, Inc., a California nonprofit public benefit corporation, as the Managing General Partner. The day-to-day operations of the partnership are controlled by the Managing General Partner. The agreement was later amended as of June 23, 2011 to admit PNC Real Estate Tax Credit Capital Institutional Fund 49 Limited Partnership as the Investment Limited Partner, and Colombia Housing SLP Corporation as the Special Limited Partner.

Together, the two General Partners (Fresno Renaissance at Alta Monte, LLC and Silvercrest, Inc.) are allocated 0.01% interest of all net profits (or net losses) of the partnership. Complete audited financial statements, when they become available, may be requested by writing to the Housing Authority of the City of Fresno, at P.O. Box 11985, Fresno, California 93776-1985. See Note 8 for descriptions of any related party transactions between the Agency and the partnership. 1555 Santa Clara Street, LP
1555 Santa Clara Street, a California Limited Partnership, was formed to acquire, construct, and operate 1555 Santa Clara Street, a 30-unit permanent supportive housing project located in the Fresno, California. The project received low-income housing tax credits through the California Tax Credit Allocation Committee.

The partnership was originally formed on December 14, 2011, by 1555 Santa Clara Street LLC, a California limited liability company, as the Administrative General Partner and Silvercrest, Inc., a California nonprofit public benefit corporation, as the Managing General Partner. The day-to-day operations of the partnership are controlled by the Managing General Partner. The agreement was later amended as of June 22, 2011 to admit PNC Real Estate Tax Credit Capital Institutional Fund 47 Limited Partnership as the Investment Limited Partner, and Colombia Housing SLP Corporation as the Special Limited Partner.

Together, the two General Partners (1555 Santa Clara Street, LLC and Silvercrest, Inc.) are allocated

0.01% interest of all net profits (or net losses) of the partnership. Complete audited financial statements, when they become available, may be requested by writing to the Housing Authority of the City of Fresno, at P.O. Box 11985, Fresno, California 93776-1985. See Note 8 for descriptions of any related party transactions between the Agency and the partnership.

Fresno Pacific Gardens, LP
Fresno Pacific Gardens, a California Limited Partnership, was formed to acquire, construct/rehabilitate, and operate the Fresno Pacific Gardens Apartments, a 56-unit multi-family housing development located in Fresno, California. The partnership received low-income housing tax credits through the California Tax Credit Allocation Committee.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
56 The partnership was originally formed on January 1, 2011, by Fresno Pacific Gardens AGP LLC, a California limited liability company, as the Administrative General Partner and Silvercrest, Inc., a California nonprofit public benefit corporation, as the Managing General Partner. The day-to-day operations of the partnership are controlled by the Managing General Partner. The agreement was later amended as of March 14, 2011 to admit PNC Real Estate Tax Credit Capital Institutional Fund 46 Limited Partnership as the Investment Limited Partner, and Colombia Housing SLP Corporation as the Special Limited Partner.

Together, the two General Partners (Fresno Pacific Gardens AGP LLC and Silvercrest, Inc.) are allocated 0.01% interest of all net profits (or net losses) of the partnership. Complete audited financial statements, when they become available, may be requested by writing to the Housing Authority of the City of Fresno, at P.O. Box 11985, Fresno, California 93776-1985. See Note 8 and Note 12 for descriptions of any related party transactions between the Agency and the partnership.

Bridges at Florence, LP
Bridges at Florence LP, a California Limited Liability Company, was formed to acquire, construct, and operate Bridges at Florence, a 34-unit affordable-housing complex and community resource building located in Fresno, California. The project received low-income housing tax credits through the California Tax Credit Allocation Committee. The purpose of this project is to expand availability of long-term housing for low-income persons residing in the City of Fresno, California.

The partnership was originally formed on April 12, 2012, by Bridges at Florence AGP, LLC, a California limited liability company, as the Administrative General Partner and Silvercrest, Inc., a California nonprofit public benefit corporation, as the Managing General Partner. The day-to-day operations of the partnership are controlled by the Managing General Partner. The agreement was later amended as of April 4, 2013 to admit PNC Bank, National Association as the Investor Limited Partner, and Colombia Housing SLP Corporation as the Special Limited Partner.

Silvercrest, Inc., as Managing General Partner, is allocated 0.005% interest of all net profits (or net losses) of the partnership. Bridges at Florence AGP, LLC, as Administrative General Partner, is allocated 0.005% interest of all net profits (or net losses) of the partnership. Complete audited financial statements, when they become available, may be requested by writing to the Housing Authority of the City of Fresno, at P.O. Box 11985, Fresno, California 93776-1985.

Parc Grove Commons Northwest, LP
Parc Grove Commons Northwest LP, was formed to acquire, construct, and operate Parc Grove Commons Northwest, a 148-unit affordable-housing complex and community resource building. The project received low-income housing tax credits through the California Tax Credit Allocation Committee. The purpose of this project is to expand availability of long-term housing for low-income persons residing in the City of Fresno, California.

The partnership was originally formed on March 1, 2012, by Parc Grove Commons Northwest AGP, LLC, a California limited liability company, as the Administrative General Partner and Silvercrest, Inc., a California nonprofit public benefit corporation, as the Managing General Partner. The day-to-day operations of the partnership are controlled by the Managing General Partner. The agreement was later amended as of February 13, 2013 to admit Wells Fargo Affordable Housing Community

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
57 Development Corporation as the Investor Limited Partner, and a to-be-designated entity as the Special Limited Partner.

Silvercrest, Inc. is the Managing General Partner and the Withdrawing Limited Partner. Parc Grove Commons Northwest AGP, LLC, is the Administrative General Partner. Each of those two entities is allocated 0.005% interest of all net profits (or net losses) of the partnership. Complete audited financial statements, when they become available, may be requested by writing to the Housing Authority of the City of Fresno, at P.O. Box 11985, Fresno, California 93776-1985.

Southeast Fresno RAD, LP
Southeast Fresno RAD, LP was formed to acquire, construct and/or rehabilitate, and operate a scattered site affordable-housing development and community resource building in Fresno, California. The project received low-income housing tax credits through the California Tax Credit Allocation Committee.

The partnership was originally formed on December 1, 2013, by Southeast Fresno RAD AGP, LLC, a California limited liability company, as the Administrative General Partner and Silvercrest, Inc., a California nonprofit public benefit corporation, as the Managing General Partner. The day-to-day operations of the partnership are controlled by the Managing General Partner. R4 FR Acquisition LLC is the Investor Limited Partner, and Silvercrest, Inc. is the Withdrawing Special Limited Partner.

Net profits or losses of the partnership are allocated 0.005% to each of the two General Partners, Silvercrest, Inc. and Southeast Fresno RAD AGP, LLC. Complete audited financial statements, when they become available, may be requested by writing to the Housing Authority of the City of Fresno, at P.O. Box 11985, Fresno, California 93776-1985. See Note 8 for descriptions of any related party transactions between the Agency and the partnership.

Viking Village Fresno RAD, LP
Viking Village Fresno RAD, LP was formed to acquire, construct and/or rehabilitate, and operate an affordable-housing development and community resource building in Fresno, California. The project received low-income housing tax credits through the California Tax Credit Allocation Committee.

The partnership was originally formed on March 18, 2014, by Viking Village Fresno RAD AGP, LLC, a California limited liability company, as the Administrative General Partner and Silvercrest, Inc., a California nonprofit public benefit corporation, as the Managing General Partner. The day-to-day operations of the partnership are controlled by the Managing General Partner. PNC Bank National Association is the Investor Limited Partner, PNC Real Estate Tax Credit Capital Fund 47 is the State Limited Partner and Columbia Housing SLP Corporation as the Special Limited Partner.

Net profits or losses of the partnership are allocated 0.005% to each of the two General Partners, Silvercrest, Inc. and Viking Village Fresno RAD AGP, LLC. Complete audited financial statements, when they become available, may be requested by writing to the Housing Authority of the Fresno County, at P.O. Box 11985, Fresno, California 93776-1985. See Note 8 for descriptions of any related party transactions between the Agency and the partnership.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
58 802 Van Ness Avenue, LP
802 Van Ness Avenue, LP, was formed to acquire, construct, and operate an affordable-housing complex, community resource building, and commercial space located in Fresno, California. The project received low-income housing tax credits through the California Tax Credit Allocation Committee.

The partnership was originally formed on October 17, 2013, by 802 Van Ness Avenue AGP, LLC, a California limited liability company, as the Administrative General Partner and Silvercrest, Inc., a California nonprofit public benefit corporation, as the Managing General Partner. The day-to-day operations of the partnership are controlled by the Managing General Partner. PNC Real Estate Tax Credit Capital Institutional Fund 52 Limited Partnership is the Investor Limited Partner, and Columbia Housing SLP Corporation is the Special Limited Partner.

As the Managing General Partner and Administrative General Partner, Silvercrest, Inc. and 802 Van Ness Avenue AGP, LLC, respectively, are allocated 0.005% interest of all net profits (or net losses) of the partnership. Complete audited financial statements, when they become available, may be requested by writing to the Housing Authority of the City of Fresno, at P.O. Box 11985, Fresno, California 93776-1985.

Fultonia West/Cedar Heights Scattered Site, LP
Fultonia West/Cedar Heights Scattered Site, LP was formed to acquire, construct and/or rehabilitate, and operate a scattered site affordable-housing development and community resource building in Fresno, California. The Partnership was formed for the purpose of developing and operating a 45- unit project located in Fresno, California. The project qualifies for federal low-income housing tax credit program as described in the Internal Revenue Code Section 42. The project received lowincome housing tax credits through the California Tax Credit Allocation Committee.

The partnership was originally formed on June 27, 2014, by Fultonia West Scattered Site AGP, LLC, a California limited liability company, as the Administrative General Partner and Silvercrest, Inc., a California nonprofit public benefit corporation, as the Managing General Partner. The day-to-day operations of the partnership are controlled by the Managing General Partner. BOAUSBLIHTC Fund 2015-1 is the Limited Partner and US Bancorp Community Development Corporation is the State Credit Partner.

Net profits or losses of the partnership are allocated 0.009% to the Administrative General Partner,

0.001% to the Managing General Partner, 98.99% to the Limited Partner and 1.0% to the State Credit Partner. Complete audited financial statements, when they become available, may be requested by writing to the Housing Authority of the City of Fresno, at P.O. Box 11985, Fresno, California 93776- 1985.

Fresno Edison I Apartments, LP
Fresno Edison I Apartments, LP was formed to acquire, construct and/or rehabilitate, and operate a scattered site affordable-housing development and community resource building in Fresno, California. The Partnership was formed for the purpose of developing and operating a 45-unit project located in Fresno, California. The project qualifies for federal low-income housing tax credit program

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
59 as described in the Internal Revenue Code Section 42. The project received low-income housing tax credits through the California Tax Credit Allocation Committee.

Fresno Edison I Apartments, L.P. was originally formed on February 1, 2015 and is a California limited partnership between Fresno Edison I Apartments AGP, LLC as the Administrative General Partner, Silvercrest, Inc. as the Managing General Partner, PNC Real Estate Tax Credit Capital Institutional Fund 47, LP as the Original Investment Limited Partner, PNC Real Estate Tax Credit Capital Institutional Fund 53, LLC as the Investment Limited Partner and Columbia Housing SLP Corporation as the Special Limited Partner.

Net profits or losses of the partnership are allocated 0.005% to the Administrative General Partner,

0.005% to the Managing General Partner, 99.99% to the Investment Limited Partner and 0.0% to the Special Limited Partner. Complete audited financial statements, when they become available, may be requested by writing to the Housing Authority of the City of Fresno, at P.O. Box 11985, Fresno, California 93776-1985.

Lowell Neighborhood Project, LP
Lowell Neighborhood Project, LP was formed for the purpose of developing and operating a 30-unit project located in the City of Fresno, California.

Lowell Neighborhood Project, L.P. was originally formed on June 18, 2015 and is a California limited partnership between Lowell Neighborhood Project AGP, LLC as the Administrative General Partner, Silvercrest, Inc. as the Managing General Partner, and U.S. Bankcorp Community Development Corporation as the Limited Partner.

Net profits or losses of the partnership are allocated 0.005% to the Administrative General Partner,

0.005% to the Managing General Partner, and 99.99% to the Limited Partner. Complete audited financial statements, when they become available, may be requested by writing to the Housing Authority of the City of Fresno, at P.O. Box 11985, Fresno, California 93776-1985.

Fresno Edison II Apartments, LP
Fresno Edison II Apartments, LP was formed in February 2015 to expand the development and availability of long-term housing for low-income persons residing in the City of Fresno, California.

Fresno Edison II Apartments, LP is a limited partnership between Fresno Edison Apartments II AGP, LLC (the Administrative General Partner), Silvercrest, Inc. (the Managing General Partner) and US Bankcorp Community Development Corporation (the Limited Partner). The partnership was formed for the purpose of developing a 64-unit project located in Fresno, California known as Fresno Edison Apartments Phase II.

Net profits or losses of the partnership are allocated 0.005% to the Administrative General Partner,

0.005% to the Managing General Partner, and 99.99% to the Limited Partner. Complete audited financial statements, when they become available, may be requested by writing to the Housing Authority of the City of Fresno, at P.O. Box 11985, Fresno, California 93776-1985.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
60 Parc Grove Commons III, LP
Parc Grove III, LP was formed in June 2016 to expand the development and availability of long-term housing for low-income persons residing in the City of Fresno, California.

Parc Grove Commons III, LP is a limited partnership between Renaissance Parc Grove AGP, LLC (the Administrative Partner), Silvercrest, Inc. (the Managing General Partner) and Wells Fargo Affordable Housing Community Development Corporation (the Investor Limited Partner). The Partnership was formed for the purpose of development and operating a 40-unit project located in Fresno, California known as Parc Grove Commons Northeast Veterans.

Net profits, losses or tax credits of the partnership are allocated 0.005% to the Administrative General Partner, 0.005% to the Managing General Partner, and 99.99% to the Limited Partner. Complete audited financial statements, when they become available, may be requested by writing to the Housing Authority of the City of Fresno, at P.O. Box 11985, Fresno, California 93776-1985.

Fresno Mariposa Meadows, LP
Fresno Mariposa Meadows, LP is a limited partnership between Fresno Mariposa Meadows AGP, LLC (the Administrative General Partner), Silvercrest, Inc. (the Managing General Partner) and US Bancorp Community Development Corporation (the Limited Partner). The Partnership was formed for the purpose of developing and operating a 40-unit project located in Fresno, California known as Mariposa Meadows (the Project) consisting of twenty buildings placed in service on February 3, 2020.

The project qualifies for the federal low-income housing tax credit program as described in the Internal Revenue Code Section 42. The partnership received an exemption from real estate taxes under California Revenue and Taxation Code section 214)g).

Pursuant to the Amended and Restated Agreement of Limited Partnership dated May 10, 2019, profits, losses and tax credits are allocated 0.005% to the Managing General Partner, 0.005% to the Administrative General Partner, and 99.99% to the Limited Partner. Complete audited financial statements, when they become available, may be requested by writing to the Housing Authority of the City of Fresno, at P.O. Box 11985, Fresno, California 93776-1985.

Villages at Paragon, LP
Villages at Paragon, LP was formed in July of 2019 to expand the development and availability of long-term housing for low-income persons residing in the City of Fresno, California, including the sale of low-income housing tax credits and entering into agreements for the financing, planning, construction and development of the Complex. The complex is anticipated to include 28 units of multifamily housing. The project filed a notice to proceed with construction on December 6, 2019.

See Note 8 for descriptions of any related party transactions between the Agency and the partnership.

Complete audited financial statements, when they become available, may be requested by writing to the Housing Authority of the City of Fresno, at P.O. Box 11985, Fresno, California 93776-1985.

Villages at Broadway, LP
Villages at Broadway, LP was formed in June of 2019 to expand the development and availability of long-term housing for low-income persons residing in the City of Fresno, California, including the sale of low-income housing tax credits and entering into agreements for the financing, planning,

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
61 construction and development of the Complex. The complex is anticipated to include 25 units of multifamily housing. The project filed a notice to proceed with construction on April 6, 2020. See Note 8 for descriptions of any related party transactions between the Agency and the partnership.

Complete audited financial statements, when they become available, may be requested by writing to the Housing Authority of the City of Fresno, at P.O. Box 11985, Fresno, California 93776-1985.

Doragon @ Chinatown, LP
Doragon @ Chinatown, LP was formed in August of 2019 to expand the development and availability of long-term housing for low-income persons residing in the City of Fresno, California, including the sale of low-income housing tax credits and entering into agreements for the financing, planning, construction and development of the Complex. The complex is anticipated to include 57 units of multifamily housing. The project filed a notice to proceed with construction on July 23, 2020. See Note 8 for descriptions of any related party transactions between the Agency and the partnership.

Doragon @ Chinatown, LP does not issue separate financial statements.

Villages at Barstow, LP
Villages at Barstow, LP was formed in June of 2019 to expand the development and availability of long-term housing for low-income persons residing in the City of Fresno, California, including the sale of low-income housing tax credits and entering into agreements for the financing, planning, construction and development of the Complex. The complex is anticipated to include 42 units of multifamily housing. The project filed a notice to proceed with construction on December 23, 2020.

See Note 8 for descriptions of any related party transactions between the Agency and the partnership.

Villages at Barstow, LP does not issue separate financial statements.

The Arthur at Blackstone, LP
The Arthur at Blackstone, LP was formed in February of 2021 to expand the development and availability of long-term housing for low-income persons residing in the City of Fresno, California, including the sale of low-income housing tax credits and entering into agreements for the financing, planning, construction and development of the Complex. The complex is anticipated to include 41 units of multifamily housing. The project filed a notice to proceed with construction on June 8, 2022.

See Note 8 for descriptions of any related party transactions between the Agency and the partnership.

The Arthur at Blackstone, LP does not issue separate financial statements. 21) Other Related Parties
Better Opportunities Builders, Inc.

The Executive Director of the Agency serves as the Secretary-Treasurer of Better Opportunities Builders, Inc. (BOB). The Agency’s Director of Planning & Community Development serves as the Chief Executive Officer of BOB. One of the Agency’s Commissioners serves on the Board of Directors of BOB. The remaining Board of Directors are selected by other affiliated agencies. BOB has agreed to be the Managing General Partner in several low-income housing projects within the City of Fresno.

The Agency provides management and bookkeeping services for BOB, and the Agency is reimbursed on a monthly basis for these costs.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
62 Housing Authority of Fresno County
The Housing Authority of Fresno County was established by a resolution of the Fresno County Board of Supervisors on February 5, 1946. The Authority is governed by a seven-member Board of Commissioners who are appointed to four-year terms by the County Board of Supervisors, reports on a calendar year, and has issued separate financial and compliance audits for 2022. The County and City Housing Authorities operate and report separately while sharing the same management team and staff. All significant related party transactions have been appropriately identified in the accompanying financial statements.

The budget document for the jointly managed operations is approved by both Boards. If one Board amends budgetary data subject to its jurisdiction, executive staff of the Authorities amends the joint budget as necessary to accommodate such changes. Although each Board takes action to approve its portion of the budget, the budget adoption process reflects considerable interplay between the two Boards and is essentially a single process managed by the shared management and staff of the two Authorities.
22) Inter-fund and Interagency Activity
The following is a summary of changes in Inter-fund loans as of December 31, 2022:

Balance
12/31/2021 Additions Deletions
Balance
12/31/2022 Interest
Receivables:

City RF from NSP $ 1,128,277 $ - $ - $ 1,128,277 $ -
Total Receivables $ 1,128,277 $ - $ - $ 1,128,277 $ -
Payables:

NSP To City RF $ 1,128,277 $ - $ - $ 1,128,277 $ -
Total Payables $ 1,128,277 $ - $ - $ 1,128,277 $ -
The Agency has made various inter-fund loans. Inter-fund balances have been eliminated in the Statement of Net Position.
23) Contingent Liabilities
a) Grants
The Agency has received funds from various Federal, State, and local grant programs. It is possible that at some future date it may be determined that the Agency was not in compliance with applicable grant requirements. The amount, if any, of expenditures that may be disallowed by the granting agencies cannot be determined at this time although management does not expect such disallowed amounts, if any, to materially affect the financial statements. b) Pending Litigation
In the normal course of operations, the Agency may become a defendant in various litigation disputes. In the opinion of management and counsel, the outcome of current litigation not already accrued as a liability, is not expected to materially or adversely affect the financial position of the Agency.

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
63 c) Guarantees
The Agency has made certain guarantees with regards to the completion of development projects, including repayment of construction loans and tax credit delivery. On these development projects, the Agency has also made guarantees with regards to operating deficits for defined periods beyond stabilization of the property. In addition, the Agency has indemnified Silvercrest, Inc. and Better Opportunities Builder, Inc. related to general partner and developer obligations. d) HUD Guaranteed Debt
In 1999, HUD directed the Agency to remove all HUD guaranteed debt from their financial statements. These HUD-guaranteed notes and bonds have not been forgiven by HUD. However, the Public Housing Programs’ Annual Contributions Contract (ACC) states that all debt service requirements related to these notes will be HUD’s responsibility. It is therefore management’s opinion, that the Agency is not currently liable for these notes as long as the federal government continues to honor the ACC. Accordingly, the accompanying financial statements have not been adjusted to reflect any related loss contingency.
24) Restricted Net Position
Net position is reported as restricted when constraints placed on the net position uses are either externally imposed by creditors, grantors, contributors, or laws or regulations of other governments; or imposed by law through constitutional provisions or enabling legislation and/or imposed time restrictions. At December 31, 2022, the Agency had reported the following as restricted net position:

Externally Required Restrictions:

Housing Choice Voucher $ 245,518
Emergency Housing Voucher 346,453
Other Reserves 155,003
Total Restricted Net Position $ 746,974

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
64 25) Blended Component Units
Below is a summary of the financial statements as of December 31, 2022 of the blended component unit.

Current assets
Cash 108,976 $
Other assets 1,576,087
Total current assets 1,685,063
Non-current assets
Capital assets, net 53,856
Total non-current assets 53,856
Total assets $ 1,738,919
Deferred inflow of resources 1,536,087
Total liabilities $ 1,536,087
Total net position $ 202,832
Change in net position
Revenues $ 40,000
Expenses (4,334)
Income (loss) before transfers 35,666
Transfers
Transfers in -
Transfers out -
Total transfers -
Change in net position 35,666
Net position - beginning 167,166
Net position - end $ 202,832

HOUSING AUTHORITY OF THE CITY OF FRESNO

NOTES TO THE BASIC FINANCIAL STATEMENTS
DECEMBER 31, 2022
65 A summary of the cash flow information of the blended component unit for the year ended December 31, 2022, is as follows:

Cash Flow Information
Operating receipts 35,666 $
Operating expenses paid (20,000)
Cash flows from operating activities 15,666
Net increase in cash 15,666
Cash - beginning 93,310
Cash - end $ 108,976
26) Subsequent Events
Events that occur after the statement of net position date but before the financial statements were available to be issued must be evaluated for recognition or disclosure. The effects of subsequent events that provide evidence about conditions that existed at the statement of net position date are recognized in the accompanying financial statements. Subsequent events which provide evidence about conditions that existed after the statement of net position date require disclosure in the accompanying notes. Management evaluated the activity of the Agency through September 27, 2023, the date the financial statements were available to be issued, and concluded that no subsequent events have occurred that would require recognition in the financial statements or disclosure in the notes to financial statements.
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67 REQUIRED SUPPLEMENTARY INFORMATION

HOUSING AUTHORITY OF THE CITY OF FRESNO
Schedule of Changes in Net Pension Liability and Related Ratios for the Measurement Period (Miscellaneous Plan)
Year Ended December 31, 2022
(With comparative information for the last 10 years)*
68 Measurement Date 6/30/2022 6/30/2021 6/30/2020 6/30/2019 6/30/2018 6/30/2017 6/30/2016 6/30/2015 6/30/2014TOTAL PENSION LIABILITY Service Cost $ 1,081,529 $ 956,110 $ 898,425 $ 880,861 $ 797,492 $ 776,960 $ 663,643 $ 661,529 $ 676,253 Interest on Total Pension Liability 3,206,612 3,101,668 2,936,254 2,804,543 2,624,537 2,506,027 2,446,728 2,364,282 2,263,160Changes in Benfit Terms - - - - - - 112,322 - - Changes of Assumptions 1,490,483 - - - (226,094) 1,986,632 - (548,058) -Difference between Expected and Actual Experience (279,241) 669,327 273,462 1,075,312 547,402 (187,114) (245,424) 110,317 -Benefit Payments, Including Refunds of Employee Contributions (2,239,012) (2,239,091) (2,199,612) (2,051,490) (1,991,447) (1,922,730) (1,878,391) (1,753,743) (1,774,461) Net Change in Total Pension Liability 3,260,371 2,488,014 1,908,529 2,709,226 1,751,890 3,159,775 1,098,878 834,327 1,164,952Total Pension Laibility - Beginning 45,840,147 43,352,133 41,443,604 38,734,378 36,982,488 33,822,713 32,723,835 31,889,508 30,724,556 Total Pension Liability - Ending (a) 49,100,518 45,840,147 43,352,133 41,443,604 38,734,378 36,982,488 33,822,713 32,723,835 31,889,508

PLAN FIDUCIARY NET POSITION
Net Plan to Plan Resource Movement - - - (72) - - - -
Contributions - Employer 1,291,712 1,139,232 987,323 806,755 637,719 485,952 398,558 337,706 319,132 Contributions - Employee 491,122 516,172 508,143 459,475 431,744 369,705 359,742 361,526 327,076 Investment Income (2,976,523) 7,331,672 1,587,266 1,999,891 2,454,577 3,046,401 172,143 657,572 4,384,043 Benefit Payments, Including Refunds of Employee Contributions (2,239,012) (2,239,091) (2,199,612) (2,051,490) (1,991,447) (1,922,730) (1,878,391) (1,753,743) (1,774,461) Administrative Expense (24,777) (33,024) (45,424) (22,143) (46,171) (40,885) (17,465) (32,261) - Other Miscellaneous Income - - - 72 (87,680) - - - -
Net Change in Fiduciary Net Position (3,457,478) 6,714,961 837,696 1,192,560 1,398,670 1,938,443 (965,413) (429,200) 3,255,790Plan Fiduciary Net Position - Beginning 39,773,738 33,058,777 32,221,081 31,028,521 29,629,851 27,691,408 28,656,821 29,086,021 25,830,231 Plan Fiduciary Net Position - Ending (b) 36,316,260 39,773,738 33,058,777 32,221,081 31,028,521 29,629,851 27,691,408 28,656,821 29,086,021 Plan Net Pension Liability - Ending (a) - (b) $ 12,784,258 $ 6,066,409 $ 10,293,356 $ 9,222,523 $ 7,705,857 $ 7,352,637 $ 6,131,305 $ 4,067,014 $ 2,803,487 Plan Fiduciary Net Position as a Percentage of the Total Pension Liability 73.96% 86.77% 76.26% 77.75% 80.11% 80.12% 81.87% 87.57% 91.21% Covered Payroll $ 7,322,473 $ 7,087,544 $ 6,529,253 $ 6,382,123 $ 5,694,745 $ 5,478,495 $ 5,206,671 $ 5,100,057 $ 5,036,890 Plan Net Pension Liability as a Percentage of Covered Payroll 174.59% 85.59% 157.65% 144.51% 135.32% 134.21% 117.76% 79.74% 55.66% Notes to Schedule of Changes in Net Pension Liability and Related Ratios: Benefit Changes: The figures above include any liability impact that may have resulted from voluntary benefit changes that occurred on or before the measurement date of June 30, 2022. However, offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes) that occurred after the June 30, 2021, valuation date are not included in the figures above, unless the liability impact is deemed to be material by the plan actuary. Changes of Assumptions: In 2022, demographic assumptions and inflation rate were changed in accordance to the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. None in 2019, 2020 or 2021. In 2018, demographic assumptions and inflation rate were changed in accordance to the CalPERS Experience Study and Review of Assumptions December 2017. There were no changes in the discount rate. In 2017, the discount rate was reduced from 7.65 percent to 7.15 percent. In 2016, there were no changes. In 2015, amounts reported reflect adjustment of the discount rate from 7.5 percent (net of administrative expense) to 7.65 percent (without a reduction for pension plan administrative expense). In 2014, amounts reported were based on the 7.5 percent discount rate. * The fiscal year ended December 31, 2014, was the first year of implementation. Information for the last 10 years is not available.

HOUSING AUTHORITY OF THE CITY OF FRESNO
Schedule of Pension Plan Contributions
for the Measurement Period (Miscellaneous Plan)
Year Ended December 31, 2022
(With comparative information for the last 10 years)*
69 Schedule of Pension Plan Contribution for the Fiscal Years Ended December 31 Employer Fiscal Year End 2022 2021 2020 2019 2018 2017 2016 2015 2014Actuarially Determined Contribution $ 1,291,712 $ 1,139,232 $ 987,323 $ 806,755 $ 637,719 $ 485,952 $ 398,558 $ 337,706 $ 319,132 Contribution in Relation to the Actuarially Determined Contribution (1,291,712) (1,139,232) (987,323) (806,755) (637,719) (485,952) (398,558) (337,706) (319,132) Contribution Deficiency / (Excess) $ - $ - $ - $ - $ - $ - $ - $ - $ - Covered Payroll $ 7,322,473 $ 7,314,484 $ 7,177,834 $ 6,813,937 $ 6,361,633 $ 5,699,120 $ 5,427,848 $ 5,302,303 $ 5,077,265 Contributions as a Percentage of Covered Payroll 17.64% 15.58% 13.76% 11.84% 10.02% 8.53% 7.34% 6.37% 6.29% Notes to Schedule of Pension Plan Contributions: The actuarial method and assumptions used to set the actuarially determined contributions for the Fiscal Year 2021-2022 were derived from the June 30, 2019 funding valuation report as follows:

Actuarial Cost MethodAmortization Method/PeriodAsset Valuation MethodInflationSalary IncreasesPayroll GrowthInvestment Rate of ReturnRetirement AgeMortality The probabilities of Retirement are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015. The probabilities of mortality are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015. Pre-retirement and Post-retirement mortality rates include 15 years of projected mortality improvement using 90% of Scale MP-2016 published by the Society of Actuaries.Entry Age Actuarial Cost Method For details, see June 30, 2019 Funding Valuation Report. Fair Value of Assets. For details, see June 30, 2019 Funding Valuation Report. 2.5% Varies by Entry Age and Service 2.75% 7.00% Net of Pension Plan Investment and Administrative Expenses; includes Inflation.

Other information: * The fiscal year ended December 31, 2014 was the first year of implementation. Information for the last 10 years is not avaliable. 70 SUPPLEMENTARY INFORMATION

HOUSING AUTHORITY OF THE CITY OF FRESNO
Schedule of Modernization Costs for Completed Projects
Year Ended December 31, 2022
71 Approved Funds Expended Funds
Available Available to be
Grant Number to Expend to be Disbursed
CA01P006501-18 1,159,236 $ $ 1,159,236 $ 1,159,236 $ - $ - CA01P006501-19 1,200,125 1,200,125 1,200,125 - -
CA01P006501-20 1,296,897 1,296,897 1,296,897 - -
$ 3,656,258 $ 3,656,258 $ 3,656,258 $ - $ -
Approved
Funds
Expended
Funds
Disbursed
Funds
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73 SUPPLEMENTAL INFORMATION
74 FINANCIAL DATA SCHEDULES
The following schedule is presented in accordance with reporting requirements under the U. S.

Department of HUD’s Uniform Financial Reporting Standards Project Total

14.892 Choice
Neighborhoods Planning
Grants

6.2 Component Unit -
Blended

14.257 Homelessness
Prevention and Rapid ReHousing Program (RAF) 14.182 N/C S/R Section 8 Programs 1 Business Activities 2 State/Local 14.879 Mainstream Vouchers 14.239 HOME Investment Partnerships Program 1,375,175 2,164 108,976 182 178,120 1,671,053 124,190 573 50,000 1,748,239 191,174
92,441 14,799 166,903 29,600
1,467,616 52,164 108,976 182 192,919 3,586,195 344,964 0 573 75,545 20,614 13,122 60,302
339,533 15,448
4,735 40,000 124 184,225 57,279
136,492 0 80,604 3,252
-20,242 0 0 -1,426 0 0 0 0
0 0000000
2,743,925
1,847
00 272,163
196,530 0 40,000 20,738 79,178 3,543,098 85,849 1,847 60,302 1,131,455
0 6,151 2,9770
864,525 11,830,294331,507 1,037,878
2,860,178 52,164 148,976 20,920 272,097 20,097,193 1,471,668 1,847 60,875 419,271 53,856 158,970 1,762,800 106,690
31,287,500 2,647,920 13,197,790 3,989,440
278,530 32,814 151,974
-28,800,444 -2,672,431 -7,382,812 -1,118,186
63,010 5,135,350
3,247,867 0 53,856 0 167,273 12,865,102 2,977,944 0 0
11,494,607 48,019,824
1,536,087 2,912,018
6,163,881 50,517,101
20,906,355 0 1,589,943 0 167,273 114,314,045 2,977,944 0 0 270,239 215,788
290 Total Assets and Deferred Outflow of Resources 24,036,772 52,164 1,738,919 20,920 439,370 134,627,026 4,449,612 1,847 60,875 173 Grants Receivable - Non Current 174 Other Assets 176 Investments in Joint Ventures 180 Total Non-Current Assets 200 Deferred Outflow of Resources 167 Construction in Progress 168 Infrastructure 160 Total Capital Assets, Net of Accumulated Depreciation 171 Notes, Loans and Mortgages Receivable - Non-Current 172 Notes, Loans, & Mortgages Receivable - Non Current - Past Due 161 Land 162 Buildings 163 Furniture, Equipment & Machinery - Dwellings 164 Furniture, Equipment & Machinery - Administration 165 Leasehold Improvements 166 Accumulated Depreciation 143 Inventories 143.1 Allowance for Obsolete Inventories 144 Inter Program Due From 145 Assets Held for Sale 150 Total Current Assets 120 Total Receivables, Net of Allowances for Doubtful Accounts 131 Investments - Unrestricted 132 Investments - Restricted 135 Investments - Restricted for Payment of Current Liability 142 Prepaid Expenses and Other Assets 126.1 Allowance for Doubtful Accounts -Tenants 126.2 Allowance for Doubtful Accounts - Other 127 Notes, Loans, & Mortgages Receivable - Current 128 Fraud Recovery 128.1 Allowance for Doubtful Accounts - Fraud 129 Accrued Interest Receivable 121 Accounts Receivable - PHA Projects 122 Accounts Receivable - HUD Other Projects 124 Accounts Receivable - Other Government 125 Accounts Receivable - Miscellaneous 126 Accounts Receivable - Tenants 111 Cash - Unrestricted 112 Cash - Restricted - Modernization and Development 113 Cash - Other Restricted 114 Cash - Tenant Security Deposits 115 Cash - Restricted for Payment of Current Liabilities 100 Total Cash 75 Housing Authority City of Fresno(CA006)
Fresno, CA
Entity Wide Balance Sheet Summary
Fiscal Year End: 12/31/2022
Submission Type: Audited/Single Audit
Project Total

14.892 Choice
Neighborhoods Planning
Grants

6.2 Component Unit -
Blended

14.257 Homelessness
Prevention and Rapid ReHousing Program (RAF) 14.182 N/C S/R Section 8 Programs 1 Business Activities 2 State/Local 14.879 Mainstream Vouchers 14.239 HOME Investment Partnerships Program 114,190 5,192 10,921 1,083,867 9,550 138
11,781 9,016 2,539 48,119 14,988 911
31,266 4,686 4,549 69,421 32,585 13,589
586,802
156,254 29,053
91,715 14,799 166,903 29,600
7,664 6,051 1,748,255 106,174
3,602,221 16,068
408,973
205 1,031,046
50,371 94
864,525 990,023 225,857 34,788 2,685,944 215,737 103,181 1,327,766 1,008,917 0 225,857 39,064 8,809,448 2,895,003 215,737 117,819 98,097 8,892,088 3,957,627
1,967,116
596,910 568,216
12,503 1,554 1,603 33,072 14,521 6,841
1,113,035
856,545 683,958967,145 0 0 1,554 1,603 13,286,179 4,540,364 0 6,841 2,294,911 1,008,917 0 227,411 40,667 22,095,627 7,435,367 215,737 124,660 14,146 1,536,087 1,751,271
3,149,943 53,856 167,272 370,795 -995,752
0 50,000 33 85,000
18,577,772 -1,006,753 148,976 -206,491 231,431 110,409,300 -2,075,003 -213,890 -63,785 21,727,715 -956,753 202,832 -206,491 398,703 110,780,128 -2,985,755 -213,890 -63,785 24,036,772 52,164 1,738,919 20,920 439,370 134,627,026 4,449,612 1,847 60,875 508.4 Net Investment in Capital Assets 511.4 Restricted Net Position 512.4 Unrestricted Net Position 600 Total Liabilities, Deferred Inflows of Resources and Equity - Net 513 Total Equity - Net Assets / Position 350 Total Non-Current Liabilities 300 Total Liabilities 400 Deferred Inflow of Resources 352 Long-term Debt, Net of Current - Operating Borrowings 353 Non-current Liabilities - Other 354 Accrued Compensated Absences - Non Current 355 Loan Liability - Non Current 356 FASB 5 Liabilities 357 Accrued Pension and OPEB Liabilities 346 Accrued Liabilities - Other 347 Inter Program - Due To 348 Loan Liability - Current 310 Total Current Liabilities 351 Long-term Debt, Net of Current - Capital Projects/Mortgage Revenue 333 Accounts Payable - Other Government 341 Tenant Security Deposits 342 Unearned Revenue 343 Current Portion of Long-term Debt - Capital Projects/Mortgage Revenue 344 Current Portion of Long-term Debt - Operating Borrowings 345 Other Current Liabilities 321 Accrued Wage/Payroll Taxes Payable 322 Accrued Compensated Absences - Current Portion 324 Accrued Contingency Liability 325 Accrued Interest Payable 331 Accounts Payable - HUD PHA Programs 332 Account Payable - PHA Projects 311 Bank Overdraft 312 Accounts Payable <= 90 Days 313 Accounts Payable >90 Days Past Due 76 Housing Authority City of Fresno(CA006)
Fresno, CA
Entity Wide Balance Sheet Summary
Fiscal Year End: 12/31/2022
Submission Type: Audited/Single Audit
290 Total Assets and Deferred Outflow of Resources
173 Grants Receivable - Non Current 174 Other Assets 176 Investments in Joint Ventures 180 Total Non-Current Assets 200 Deferred Outflow of Resources 167 Construction in Progress 168 Infrastructure 160 Total Capital Assets, Net of Accumulated Depreciation 171 Notes, Loans and Mortgages Receivable - Non-Current 172 Notes, Loans, & Mortgages Receivable - Non Current - Past Due 161 Land 162 Buildings 163 Furniture, Equipment & Machinery - Dwellings 164 Furniture, Equipment & Machinery - Administration 165 Leasehold Improvements 166 Accumulated Depreciation 143 Inventories 143.1 Allowance for Obsolete Inventories 144 Inter Program Due From 145 Assets Held for Sale 150 Total Current Assets 120 Total Receivables, Net of Allowances for Doubtful Accounts 131 Investments - Unrestricted 132 Investments - Restricted 135 Investments - Restricted for Payment of Current Liability 142 Prepaid Expenses and Other Assets 126.1 Allowance for Doubtful Accounts -Tenants 126.2 Allowance for Doubtful Accounts - Other 127 Notes, Loans, & Mortgages Receivable - Current 128 Fraud Recovery 128.1 Allowance for Doubtful Accounts - Fraud 129 Accrued Interest Receivable 121 Accounts Receivable - PHA Projects 122 Accounts Receivable - HUD Other Projects 124 Accounts Receivable - Other Government 125 Accounts Receivable - Miscellaneous 126 Accounts Receivable - Tenants 111 Cash - Unrestricted 112 Cash - Restricted - Modernization and Development 113 Cash - Other Restricted 114 Cash - Tenant Security Deposits 115 Cash - Restricted for Payment of Current Liabilities 100 Total Cash

14.871 Housing Choice
Vouchers

14.870 Resident
Opportunity and
Supportive Services

14.231 Emergency
Shelter Grants Program

14.238 Shelter Plus
Care

14.235 Supportive
Housing Program

14.EHV Emergency
Housing Voucher COCC Subtotal ELIM Total
1,200 380,000 160 60,926 296,425 4,199,144 4,199,144
573,743 573,743 573,743
245,518 19,970 2,254,901 2,254,901
303,743 303,743
246,718 0 380,000 160 0 634,669 316,395 7,331,531 0 7,331,531 168,916 120,443 458,942 458,942
354,981 354,981
9,075 41,445 10,825 2,120,768 2,468,476 2,468,476
220,348 220,348
0 0 0 0 0 -21,668 -21,668
00 0 00 0 0
2,743,925 -1,128,277 1,615,648
92,852 94,699 94,699
-61,193 0 0 0 -61,193 -61,193
272,163 -222,163 50,000
40,734 0 41,445 168,916 131,268 0 2,120,768 6,530,673 -1,350,440 5,180,233 1,131,455 1,131,455
433,331 442,459 442,459
00 644,562 34,789 13,374,170 -13,374,170 0
1,369,385 1,369,385
932,014 0 421,445 169,076 131,268 634,669 2,905,283 30,179,673 -14,724,610 15,455,063 167,838 2,669,425 2,669,425
2,720,730 53,843,380 53,843,380
89,758 1,072,747 1,625,823 1,625,823
-89,758 -3,535,125 -43,598,756 -43,598,756
1,355,276 6,553,636 6,553,636
0 0 0 0 0 01,781,466 21,093,508021,093,508
1,342,384 60,856,815 60,856,815
4,448,105 4,448,105
56,680,982 56,680,982
0 0 0 0 1,342,384 0 1,781,466 143,079,410 0 143,079,410 1,676,288 1,871,102 4,033,417 4,033,4172,608,302 0 421,445 169,076 1,473,652 634,669 6,557,851 177,292,500 -14,724,610 162,567,890 77 Housing Authority City of Fresno(CA006)
Fresno, CA
Entity Wide Balance Sheet Summary
Fiscal Year End: 12/31/2022
Submission Type: Audited/Single Audit
508.4 Net Investment in Capital Assets
511.4 Restricted Net Position 512.4 Unrestricted Net Position 600 Total Liabilities, Deferred Inflows of Resources and Equity - Net 513 Total Equity - Net Assets / Position 350 Total Non-Current Liabilities 300 Total Liabilities 400 Deferred Inflow of Resources 352 Long-term Debt, Net of Current - Operating Borrowings 353 Non-current Liabilities - Other 354 Accrued Compensated Absences - Non Current 355 Loan Liability - Non Current 356 FASB 5 Liabilities 357 Accrued Pension and OPEB Liabilities 346 Accrued Liabilities - Other 347 Inter Program - Due To 348 Loan Liability - Current 310 Total Current Liabilities 351 Long-term Debt, Net of Current - Capital Projects/Mortgage Revenue 333 Accounts Payable - Other Government 341 Tenant Security Deposits 342 Unearned Revenue 343 Current Portion of Long-term Debt - Capital Projects/Mortgage Revenue 344 Current Portion of Long-term Debt - Operating Borrowings 345 Other Current Liabilities 321 Accrued Wage/Payroll Taxes Payable 322 Accrued Compensated Absences - Current Portion 324 Accrued Contingency Liability 325 Accrued Interest Payable 331 Accounts Payable - HUD PHA Programs 332 Account Payable - PHA Projects 311 Bank Overdraft 312 Accounts Payable <= 90 Days 313 Accounts Payable >90 Days Past Due

14.871 Housing Choice
Vouchers

14.870 Resident
Opportunity and
Supportive Services

14.231 Emergency
Shelter Grants Program

14.238 Shelter Plus
Care

14.235 Supportive
Housing Program

14.EHV Emergency
Housing Voucher COCC Subtotal ELIM Total
2,075 42,393 54 744,770 2,013,150 2,013,150
75,642 494 4,884 1,486 226,800 396,660 396,660
191,787 48 9,702 105 162,628 520,366 520,366
586,802 -222,163 364,639
65,214 65,214 65,21411,182 75,468 271,957 271,957
303,017 303,017
227,290 2,095,434 2,095,434
3,618,289 3,618,289
408,973 408,973
3,589,897 4,621,148 4,621,148
127,454 110,761 288,680 288,680
1,111,067 29,886 422,162 587,493 886,357 5,217,150 13,374,170 -13,374,170 01,582,346 29,886 422,162 590,110 943,336 228,935 10,127,474 28,563,860 -13,596,333 14,967,527 154,000 13,101,812 13,101,812
1,967,116 -1,128,277 838,839
1,165,126 1,165,126
80,600 4 5,142 157,923 313,763 313,763
1,113,035 1,113,035
5,313,138 5,930,617 12,784,258 12,784,2585,393,738 0 0 4 5,142 0 6,242,540 30,445,110 -1,128,277 29,316,833 6,976,084 29,886 422,162 590,114 948,478 228,935 16,370,014 59,008,970 -14,724,610 44,284,360 87,747 97,945 3,487,196 3,487,196
1,627,465 4,373,579 4,373,579
245,518 346,453 19,970 746,974 746,974
-4,701,047 -29,886 -717 -421,038 525,174 59,281 -11,557,543 109,675,781 109,675,781 -4,455,529 -29,886 -717 -421,038 525,174 405,734 -9,910,108 114,796,334 0 114,796,334 2,608,302 0 421,445 169,076 1,473,652 634,669 6,557,851 177,292,500 -14,724,610 162,567,890 78 Housing Authority City of Fresno(CA006)
Fresno, CA
Entity Wide Balance Sheet Summary
Fiscal Year End: 12/31/2022
Submission Type: Audited/Single Audit
Project Total

14.892 Choice
Neighborhoods Planning
Grants

6.2 Component Unit -
Blended

14.257 Homelessness
Prevention and Rapid ReHousing Program (RAF) 14.182 N/C S/R Section 8 Programs 1 Business Activities 2 State/Local 14.879 Mainstream Vouchers 14.239 HOME Investment Partnerships Program 1,226,602 223,169 2,287,661 304,486
4,239 663 207
1,230,841 - - - 223,832 2,287,868 304,486 - -
2,548,718 118,122 144,683 455,549 218,152
1,982,315
443,762 4,845,760 60,688
683,783 1,208,057
2,279
2,752 100,040 40,000 1 4,337,630 1,076,398
1,838 855
54 622 40
6,450,247 218,162 40,000 144,683 667,649 12,682,216 1,441,612 456,404 218,152 186,358 248,788 14,021 41,220 385,783 472,312 22,329
20,034 2,250 25,260 4,494
488,148 24,000 32,780 52,384
31,036
3,231 3,256 11,493 1,528
251,014 95,707 6,424 34,320 (500,964) 228,020 12,283
59,190 24,185 1,914 12,619 188,080 175,500 5,665
5,593 5,702
2,068 18 3,428 6,726
115,685 369,429 2,084 2,868 22,961 326,038 117,721 3,209 1,160,289 743,433 4,334 25,227 135,138 477,600 1,006,301 52,384 43,486 41,880
34 15,046 4,521 898 29,609
15,046 - - - 4,521 932 29,609 - -
184,623 24,301 79,683 5,016
34,345 1,219 124,920 9,530
4,373 395 46,281 576
77,466 10,821 7,015
61,648
192,701 16,748 50,015 6,596 493,508 - - - 53,484 362,547 28,733 - - 93500 Labor 93600 Sewer 93700 Employee Benefit Contributions - Utilities 93800 Other Utilities Expense 93000 Total Utilities 92500 Total Tenant Services 93100 Water 93200 Electricity 93300 Gas 93400 Fuel 92000 Asset Management Fee 92100 Tenant Services - Salaries 92200 Relocation Costs 92300 Employee Benefit Contributions - Tenant Services 92400 Tenant Services - Other 91600 Office Expenses 91700 Legal Expense 91800 Travel 91810 Allocated Overhead 91900 Other 91000 Total Operating - Administrative 91100 Administrative Salaries 91200 Auditing Fees 91300 Management Fee 91310 Book-keeping Fee 91400 Advertising and Marketing 91500 Employee Benefit contributions - Administrative 71400 Fraud Recovery 71500 Other Revenue 71600 Gain or Loss on Sale of Capital Assets 72000 Investment Income - Restricted 70000 Total Revenue 70800 Other Government Grants 71100 Investment Income - Unrestricted 71200 Mortgage Interest Income 71300 Proceeds from Disposition of Assets Held for Sale 71310 Cost of Sale of Assets 70710 Management Fee 70720 Asset Management Fee 70730 Book Keeping Fee 70740 Front Line Service Fee 70750 Other Fees 70700 Total Fee Revenue 70300 Net Tenant Rental Revenue 70400 Tenant Revenue - Other 70500 Total Tenant Revenue 70600 HUD PHA Operating Grants 70610 Capital Grants 79 Housing Authority City of Fresno(CA006)
Fresno, CA
Entity Wide Revenue and Expense Summary
Fiscal Year End: 12/31/2022
Submission Type: Audited/Single Audit
Project Total

14.892 Choice
Neighborhoods Planning
Grants

6.2 Component Unit -
Blended

14.257 Homelessness
Prevention and Rapid ReHousing Program (RAF) 14.182 N/C S/R Section 8 Programs 1 Business Activities 2 State/Local 14.879 Mainstream Vouchers 14.239 HOME Investment Partnerships Program 185,434 36,793 122,831 3,313
156,616 33,764 83,060 5,725
474,662 3,439 214 68,897 523,507 52,054 232
816,712 3,439 - 214 139,454 729,398 61,092 - 232
- - - - - - - - -
110,808 16,411 93,347 10,472
16,007 1,628 5,002
11,396 2,268 136 2,641 (2,978) 4,577 426
7,115 1,654 160 668 3,488 5,689 272
145,326 3,922 - 296 21,348 98,859 20,738 - 698
3,725,352 2,685 151,848 3,859 443,363 65,909 171,370
500,758 27,098 3,702 10,309 46,607 53,176 6,836
93,304
7,445 (45)
15,107 1,156
1,150 51
4,341,966 29,783 - 155,550 14,123 492,276 119,136 - 178,206 399,858
531 (153) 263,514 115,667
531 - - - (153) 663,372 115,667 - -
7,015,258 780,577 4,334 181,287 367,915 2,824,984 1,381,276 52,384 222,622 (565,011) (562,415) 35,666 (36,604) 299,734 9,857,232 60,336 404,020 (4,470) 9,025 34,577 260,393 27,806
5,134 700 521,415 550
295,820 1,107 668,346 144,414
7,325,237 780,577 4,334 181,287 404,299 3,753,723 1,553,496 573,799 223,172 97600 Capital Outlays - Governmental Funds 97700 Debt Principal Payment - Governmental Funds 97800 Dwelling Units Rent Expense 90000 Total Expenses 97100 Extraordinary Maintenance 97200 Casualty Losses - Non-capitalized 97300 Housing Assistance Payments 97350 HAP Portability-In 97400 Depreciation Expense 97500 Fraud Losses 96700 Total Interest Expense and Amortization Cost 96900 Total Operating Expenses 97000 Excess of Operating Revenue over Operating Expenses 96800 Severance Expense 96000 Total Other General Expenses 96710 Interest of Mortgage (or Bonds) Payable 96720 Interest on Notes Payable (Short and Long Term) 96730 Amortization of Bond Issue Costs 96200 Other General Expenses 96210 Compensated Absences 96300 Payments in Lieu of Taxes 96400 Bad debt - Tenant Rents 96500 Bad debt - Mortgages 96600 Bad debt - Other 96110 Property Insurance 96120 Liability Insurance 96130 Workmen's Compensation 96140 All Other Insurance 96100 Total insurance Premiums 95100 Protective Services - Labor 95200 Protective Services - Other Contract Costs 95300 Protective Services - Other 95500 Employee Benefit Contributions - Protective Services 95000 Total Protective Services 94100 Ordinary Maintenance and Operations - Labor 94200 Ordinary Maintenance and Operations - Materials and Other 94300 Ordinary Maintenance and Operations Contracts 94500 Employee Benefit Contributions - Ordinary Maintenance 94000 Total Maintenance 80 Housing Authority City of Fresno(CA006)
Fresno, CA
Entity Wide Revenue and Expense Summary
Fiscal Year End: 12/31/2022
Submission Type: Audited/Single Audit
Project Total

14.892 Choice
Neighborhoods Planning
Grants

6.2 Component Unit -
Blended

14.257 Homelessness
Prevention and Rapid ReHousing Program (RAF) 14.182 N/C S/R Section 8 Programs 1 Business Activities 2 State/Local 14.879 Mainstream Vouchers 14.239 HOME Investment Partnerships Program -
-
-
-
-
2,020,665
(2,020,665)
- - - - - - - - -
(874,990) (562,415) 35,666 (36,604) 263,350 8,928,493 (111,884) (117,395) (5,020) - - - - - - - - -
22,602,705 (394,338) 167,166 (169,887) 135,353 101,859,936 (2,882,172) (96,495) (58,765) - (8,301) 8,301
5,652 - - 200 612 2,285 384 1,020 186 5,601 - - 200 605 2,266 373 733 186 818,131
-
-
-
-
-
-
-
13901 Replacement Housing Factor Funds - 11660 Infrastructure Purchases 11610 Land Purchases 11620 Building Purchases 11630 Furniture & Equipment - Dwelling Purchases 11640 Furniture & Equipment - Administrative Purchases 11650 Leasehold Improvements Purchases 13510 CFFP Debt Service Payments 11170 Administrative Fee Equity 11180 Housing Assistance Payments Equity 11190 Unit Months Available 11210 Number of Unit Months Leased 11270 Excess Cash 11050 Changes in Compensated Absence Balance 11060 Changes in Contingent Liability Balance 11070 Changes in Unrecognized Pension Transition Liability 11080 Changes in Special Term/Severance Benefits Liability 11090 Changes in Allowance for Doubtful Accounts - Dwelling Rents 11100 Changes in Allowance for Doubtful Accounts - Other 10000 Excess (Deficiency) of Total Revenue Over (Under) Total Expenses 11020 Required Annual Debt Principal Payments 11030 Beginning Equity 11040 Prior Period Adjustments, Equity Transfers and Correction of Errors 10080 Special Items (Net Gain/Loss) 10091 Inter Project Excess Cash Transfer In 10092 Inter Project Excess Cash Transfer Out 10093 Transfers between Program and Project - In 10094 Transfers between Project and Program - Out 10100 Total Other financing Sources (Uses) 10020 Operating transfer Out 10030 Operating Transfers from/to Primary Government 10040 Operating Transfers from/to Component Unit 10050 Proceeds from Notes, Loans and Bonds 10060 Proceeds from Property Sales 10070 Extraordinary Items, Net Gain/Loss 10010 Operating Transfer In 81 Housing Authority City of Fresno(CA006)
Fresno, CA
Entity Wide Revenue and Expense Summary
Fiscal Year End: 12/31/2022
Submission Type: Audited/Single Audit
93500 Labor
93600 Sewer 93700 Employee Benefit Contributions - Utilities 93800 Other Utilities Expense 93000 Total Utilities 92500 Total Tenant Services 93100 Water 93200 Electricity 93300 Gas 93400 Fuel 92000 Asset Management Fee 92100 Tenant Services - Salaries 92200 Relocation Costs 92300 Employee Benefit Contributions - Tenant Services 92400 Tenant Services - Other 91600 Office Expenses 91700 Legal Expense 91800 Travel 91810 Allocated Overhead 91900 Other 91000 Total Operating - Administrative 91100 Administrative Salaries 91200 Auditing Fees 91300 Management Fee 91310 Book-keeping Fee 91400 Advertising and Marketing 91500 Employee Benefit contributions - Administrative 71400 Fraud Recovery 71500 Other Revenue 71600 Gain or Loss on Sale of Capital Assets 72000 Investment Income - Restricted 70000 Total Revenue 70800 Other Government Grants 71100 Investment Income - Unrestricted 71200 Mortgage Interest Income 71300 Proceeds from Disposition of Assets Held for Sale 71310 Cost of Sale of Assets 70710 Management Fee 70720 Asset Management Fee 70730 Book Keeping Fee 70740 Front Line Service Fee 70750 Other Fees 70700 Total Fee Revenue 70300 Net Tenant Rental Revenue 70400 Tenant Revenue - Other 70500 Total Tenant Revenue 70600 HUD PHA Operating Grants 70610 Capital Grants

14.871 Housing Choice
Vouchers

14.870 Resident
Opportunity and
Supportive Services

14.231 Emergency
Shelter Grants Program

14.238 Shelter Plus
Care

14.235 Supportive
Housing Program

14.EHV Emergency
Housing Voucher COCC Subtotal ELIM Total
1,359 4,043,277 4,043,277
5,109 5,109
1,359 - - - - - - 4,048,386 - 4,048,386
61,187,106 1,029,721 534,825 54,104 66,290,980 66,290,980 1,982,315 1,982,315
1,886,095 1,886,095 (1,886,095) -
41,880 41,880 (41,880) -
605,361 605,361 (605,361) -
1,004,383 1,004,383 1,004,383
3,537,719 3,537,719 (2,533,336) 1,004,383
1,141,623 6,491,833 6,491,833
130,811 25,433 2,048,084 2,048,084
2,279 2,279
3,073 1,860,803 7,420,697 (4,480,455) 2,940,242
3,315 6,008 6,008
- 716 716
61,191,538 - - 1,029,721 665,636 54,104 6,568,893 91,829,017 (7,013,791) 84,815,226 2,289,515 12,319 134,694 29,141 2,469,359 6,305,839 6,305,839 49,075 101,113 101,113
1,288,783 1,886,095 (1,886,095) -
574,335 605,371 (605,361) 10
242 15,339 35,089 35,089
1,869,978 5,450 65,297 10,994 1,754,408 3,832,931 3,832,931 334,308 1,073 142,194 970 566,718 1,512,416 (455,574) 1,056,842 118,324 129,619 129,619
2,862 6,075 40,320 61,497 61,497
331,694 717 2,889 93,430 5,850 686,683 2,081,258 (1,024,881) 1,056,377 6,740,792 - 717 21,731 441,690 46,955 5,651,151 16,551,228 (3,971,911) 12,579,317 41,880 (41,880) -
685 719 719
98,388 25,036 173,498 173,498
- - - - 98,388 - 25,721 174,217 - 174,217
1,984 295,607 295,607
83,172 253,186 253,186
5,533 57,158 57,158
695 95,997 95,997
61,648 61,648
4,709 270,769 270,769
- - - - - - 96,093 1,034,365 - 1,034,365
82 Housing Authority City of Fresno(CA006)
Fresno, CA
Entity Wide Revenue and Expense Summary
Fiscal Year End: 12/31/2022
Submission Type: Audited/Single Audit
97600 Capital Outlays - Governmental Funds
97700 Debt Principal Payment - Governmental Funds 97800 Dwelling Units Rent Expense 90000 Total Expenses 97100 Extraordinary Maintenance 97200 Casualty Losses - Non-capitalized 97300 Housing Assistance Payments 97350 HAP Portability-In 97400 Depreciation Expense 97500 Fraud Losses 96700 Total Interest Expense and Amortization Cost 96900 Total Operating Expenses 97000 Excess of Operating Revenue over Operating Expenses 96800 Severance Expense 96000 Total Other General Expenses 96710 Interest of Mortgage (or Bonds) Payable 96720 Interest on Notes Payable (Short and Long Term) 96730 Amortization of Bond Issue Costs 96200 Other General Expenses 96210 Compensated Absences 96300 Payments in Lieu of Taxes 96400 Bad debt - Tenant Rents 96500 Bad debt - Mortgages 96600 Bad debt - Other 96110 Property Insurance 96120 Liability Insurance 96130 Workmen's Compensation 96140 All Other Insurance 96100 Total insurance Premiums 95100 Protective Services - Labor 95200 Protective Services - Other Contract Costs 95300 Protective Services - Other 95500 Employee Benefit Contributions - Protective Services 95000 Total Protective Services 94100 Ordinary Maintenance and Operations - Labor 94200 Ordinary Maintenance and Operations - Materials and Other 94300 Ordinary Maintenance and Operations Contracts 94500 Employee Benefit Contributions - Ordinary Maintenance 94000 Total Maintenance

14.871 Housing Choice
Vouchers

14.870 Resident
Opportunity and
Supportive Services

14.231 Emergency
Shelter Grants Program

14.238 Shelter Plus
Care

14.235 Supportive
Housing Program

14.EHV Emergency
Housing Voucher COCC Subtotal ELIM Total
3,296 123,267 474,934 474,934
2,676 52,245 334,086 334,086
12,092 152 2,055 447 125,216 1,262,967 1,262,967
18,064 - - 152 2,055 447 300,728 2,071,987 - 2,071,987
- - - - - - - - - -
14,838 245,876 245,876
- 22,637 22,637
21,000 119 1,360 248 - 41,193 41,193
22,652 146 934 89 22,490 65,357 65,357
43,652 - - 265 2,294 337 37,328 375,063 - 375,063
42,434 1,005,571 105,238 50,872 2,016,887 7,785,388 (3,000,000) 4,785,388 298,420 2,337 15,497 272 317,485 1,282,497 1,282,497
93,304 93,304
7,400 7,400
(1,390) 58,094 5,501 78,468 78,468
2,842 4,043 4,043
339,464 - - 1,007,908 178,829 51,144 2,342,715 9,251,100 (3,000,000) 6,251,100 399,858 399,858
379,559 379,559
- - - - - - - 779,417 - 779,417
7,141,972 - 717 1,030,056 723,256 98,883 8,453,736 30,279,257 (7,013,791) 23,265,466 54,049,566 - (717) (335) (57,620) (44,779) (1,884,843) 61,549,760 - 61,549,760 890 332,691 332,691
54,744,348 180,942 55,453,089 55,453,089
74,437 1,184,124 1,184,124
61,886,320 - 717 1,030,056 723,256 279,825 8,529,063 87,249,161 (7,013,791) 80,235,370 83 Housing Authority City of Fresno(CA006)
Fresno, CA
Entity Wide Revenue and Expense Summary
Fiscal Year End: 12/31/2022
Submission Type: Audited/Single Audit
13901 Replacement Housing Factor Funds
11660 Infrastructure Purchases 11610 Land Purchases 11620 Building Purchases 11630 Furniture & Equipment - Dwelling Purchases 11640 Furniture & Equipment - Administrative Purchases 11650 Leasehold Improvements Purchases 13510 CFFP Debt Service Payments 11170 Administrative Fee Equity 11180 Housing Assistance Payments Equity 11190 Unit Months Available 11210 Number of Unit Months Leased 11270 Excess Cash 11050 Changes in Compensated Absence Balance 11060 Changes in Contingent Liability Balance 11070 Changes in Unrecognized Pension Transition Liability 11080 Changes in Special Term/Severance Benefits Liability 11090 Changes in Allowance for Doubtful Accounts - Dwelling Rents 11100 Changes in Allowance for Doubtful Accounts - Other 10000 Excess (Deficiency) of Total Revenue Over (Under) Total Expenses 11020 Required Annual Debt Principal Payments 11030 Beginning Equity 11040 Prior Period Adjustments, Equity Transfers and Correction of Errors 10080 Special Items (Net Gain/Loss) 10091 Inter Project Excess Cash Transfer In 10092 Inter Project Excess Cash Transfer Out 10093 Transfers between Program and Project - In 10094 Transfers between Project and Program - Out 10100 Total Other financing Sources (Uses) 10020 Operating transfer Out 10030 Operating Transfers from/to Primary Government 10040 Operating Transfers from/to Component Unit 10050 Proceeds from Notes, Loans and Bonds 10060 Proceeds from Property Sales 10070 Extraordinary Items, Net Gain/Loss 10010 Operating Transfer In

14.871 Housing Choice
Vouchers

14.870 Resident
Opportunity and
Supportive Services

14.231 Emergency
Shelter Grants Program

14.238 Shelter Plus
Care

14.235 Supportive
Housing Program

14.EHV Emergency
Housing Voucher COCC Subtotal ELIM Total
- -
- -
- -
- -
- -
2,020,665 2,020,665
(2,020,665) (2,020,665)
- - - - - - - - - -
(694,782) - (717) (335) (57,620) (225,721) (1,960,170) 4,579,856 - 4,579,856 - - - - - - - - -
(3,760,747) (29,886) - (420,703) 582,794 631,455 (7,949,938) 110,216,478 110,216,478 - - -
(4,399,155) (4,399,155) (4,399,155)
(56,374) (56,374) (56,374)
85,872 - - 1,466 24 1,932 - 99,633 99,633
83,411 - - 1,466 24 201 - 95,066 95,066
818,131 818,131
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
84 Housing Authority City of Fresno(CA006)
Fresno, CA
Entity Wide Revenue and Expense Summary
Fiscal Year End: 12/31/2022
Submission Type: Audited/Single Audit
85 Housing Authority of
the City of Fresno
Statistical Section:

Financial Trends
Revenue Capacity
Debt Capacity
Demographic and Economic
Information
Operating Information

86 HOUSING AUTHORITY OF THE CITY OF FRESNO
Statistical Section
This section provides additional information regarding the Agency in the following categories:

Financial Trends the tables in this section show how the Agency’s financial position has changed over time
Table 1-2

Revenue Capacity the tables in this section show the Agency’s ability to generate revenue
Table 3-4

Debt Capacity this table shows the Agency’s debt burden over time and provide information on the ability to issue debt
Table 5

Demographics and
Economic Statistics
the tables in this section portray the socioeconomic
environment and provide information to allow comparison of companies to other governments over time
Table 6-8

Operating
Information
the purpose of these tables is to show the Agency’s operations and provide information to assess the government’s economic condition
Table 9-10

Table 1
87 HOUSING AUTHORITY OF THE CITY OF THE FRESNO
Financial Trends
Net Position by Component
Last Ten Fiscal Years (Unaudited)
Net Investment
in Capital
Year Assets Restricted Unrestricted Total
2013 11,572,071 2,262,085 57,010,081 70,844,237
2014 6,028,575 2,079,758 64,007,650 72,115,983
2015 6,404,089 2,646,373 60,832,566 69,883,028
2016 4,769,521 619,142 64,524,416 69,913,079
2017 3,919,932 2,320,389 68,312,587 74,552,908
2018 3,560,130 1,174,748 69,164,036 73,898,914
2019 2,128,782 471,147 73,202,350 75,802,279
2020 4,180,635 708,261 78,330,222 83,219,118
2021 6,142,861 773,089 103,300,528 110,216,478
2022 4,373,579 746,974 109,675,782 114,796,335
Source: Previous year's audits and current year financial statements Table 2
88 HOUSING AUTHORITY OF THE CITY OF THE FRESNO
Financial Trends
Change in Net Position
Last Ten Fiscal Years (Unaudited)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
OPERATING REVENUES:

Rents $ 3,109,755 $ 2,894,035 $ 3,089,770 $ 3,196,411 $ 3,258,298 $ 3,487,986 $ 3,343,854 $ 3,589,612 $ 3,852,316 $ 4,042,706 Fee revenue 97,098 476,859 354,951 601,303 552,747 729,316 777,139 656,836 830,161 1,004,383 HUD operating grants 53,303,231 53,508,904 54,383,867 50,398,482 54,637,261 52,580,052 60,539,026 64,119,949 61,539,512 66,291,552 Other governmental grants 1,175,526 1,075,842 455,625 351,782 2,085,524 1,010,723 1,228,617 2,881,639 7,752,811 6,498,960 Other revenue 1,821,304 1,201,116 1,259,466 2,156,993 2,447,587 2,644,984 2,052,322 1,882,065 1,822,851 3,170,752 Developer fee revenue - - - - 2,031,199 2,451,486 1,790,761 - 2,157,973 753,756 Total operating revenues 59,506,914 59,156,756 59,543,679 56,704,971 62,981,417 62,484,260 70,392,444 74,920,862 77,955,624 81,762,109 OPERATING EXPENSES:

Administrative expense 9,873,691 10,900,220 10,759,053 9,927,066 12,577,813 11,634,740 13,643,112 12,634,820 15,912,382 14,362,907 Tenant services expense 70,885 153,454 499,593 109,582 1,472,123 1,699,098 1,579,335 1,743,436 1,815,269 1,663,736 Utilities expense 708,841 628,874 530,752 579,424 820,658 840,479 851,992 931,390 900,327 1,024,660 Maintenance and operations expense 2,465,561 1,891,255 1,978,848 1,923,354 2,058,131 2,146,495 2,177,493 2,194,738 2,559,212 3,118,655 Protective services expense 76,789 87,103 80,602 96,255 107,902 327,490 281,516 319,291 328,705 261,774 Insurance expense 477,656 265,620 314,550 370,853 427,511 395,381 321,644 290,287 476,891 375,061 General expense 1,535,173 994,399 931,461 1,972,644 1,819,057 1,654,261 1,463,321 1,998,590 1,721,496 2,011,057 Housing assistance payments 44,955,037 45,052,228 44,993,932 42,719,636 42,737,248 44,262,551 50,778,548 50,591,829 50,890,902 55,453,089 Depreciation 1,847,309 1,118,368 1,827,362 1,461,231 1,562,745 1,304,881 1,559,889 1,486,636 1,220,496 1,561,850 Total operating expenses 62,010,942 61,091,521 61,916,153 59,160,045 63,583,188 64,265,376 72,656,850 72,191,017 75,825,680 79,832,789 Operating income (loss) (2,504,028) (1,934,765) (2,372,474) (2,455,074) (601,771) (1,781,116) (2,264,406) 2,729,845 2,129,944 1,929,320 NON-OPERATING REVENUES (EXPENSES):

Interest revenue, unrestricted 701,344 30,755 3,857 91,547 3,292 6,081 36,549 33,051 13,679 46,061Interest revenue, restricted 1,949 6,276 3,930 9,557 3,253 4,154 3,733 2,697 4,170 1,217 Interest revenue, notes receivable - 400,035 936,283 1,092,438 1,308,920 1,462,442 1,416,294 1,477,406 1,651,474 2,004,301 Interest expense (449,878) (462,390) (357,485) (366,199) (389,987) (354,980) (304,346) (354,772) (330,675) (401,691) Fraud recovery 5,950 1,768 19,268 24,733 37,470 49,727 41,023 7,348 1,174 - Share of joint venture net income (loss) 256,540 523,505 642,541 836,301 392,363 1,075,432 537,242 676,893 1,564,210 (985,928) Gain (loss) from insurance claim - - - - - - (5,500) - 7,231 (890) Developer fees 1,369,797 1,740,661 1,451,931 1,192,393 1,674,870 - - - - - Transfer from (to) other related entities - - 186,864 50,813 (600) (59,504) 849,799 - - - 8,753,616 490,335 (49,824) 2,216 2,141,912 (97,988) 1,578,959 (3,313) 97,845 5,152 Write off of related party receivable - - - - (1,035,979) - - - - - Total nonoperating revenues (expenses) 10,639,318 2,730,945 2,837,365 2,933,799 5,171,493 1,049,385 4,153,753 1,839,310 3,009,108 668,222 Income (loss) before contributions and transfers 8,135,290 796,180 464,891 478,725 4,569,723 (731,731) 1,889,347 4,569,155 5,139,052 2,597,542 Capital contributions-cash capital fund grants 220,211 - 157,128 - 77,328 50,826 2,847,684 - 643,556 1,982,315 Increase (decrease) in net position 8,355,501 796,180 622,019 478,725 4,647,051 (680,905) 1,889,347 7,416,839 5,782,608 4,579,857 Net position, Beginning of year 62,488,737 70,844,237 72,115,984 69,883,027 69,913,079 74,552,907 73,898,914 75,802,279 83,219,118 110,216,478 Prior period adjustment - 475,566 (2,854,978) (448,673) (7,222) 26,912 14,018 - - - Change in reporting entity - - - - - - - 21,214,752 - - Net position, End of year $ 70,844,238 $ 72,115,983 $ 69,883,025 $ 69,913,079 $ 74,552,908 $ 73,898,914 $ 75,802,279 $ 83,219,118 $ 110,216,478 $ 114,796,335 Source: Previous year's audits and current year financial statements Gain (loss) on sale/disposition of capital assets
Table 3
89 HOUSING AUTHORITY OF THE CITY OF THE FRESNO
Revenue Capacity
Operating Revenues by Source
Last Ten Fiscal Years (Unaudited)
% % % % %% %
Year Amount of total Amount of total Amount of total Amount of total Amount of total Amount of total Amount of total 2013 3,109,755 5.23 53,303,231 89.57 1,175,526 1.98 97,098 0.16 1,821,304 3.06 - - 59,506,914 100 2014 2,894,035 4.89 53,508,904 90.45 1,075,842 1.82 476,859 0.81 1,201,116 2.03 - - 59,156,756 100 2015 3,089,770 5.19 54,383,867 91.33 455,625 0.77 354,951 0.60 1,259,466 2.12 - - 59,543,679 100 2016 3,196,411 5.64 50,398,482 88.88 351,782 0.62 601,303 1.06 2,156,993 3.80 - - 56,704,971 100 2017 3,258,298 5.17 54,637,261 86.75 2,085,524 3.31 552,747 0.88 2,447,587 3.89 - - 62,981,417 100 2018 3,487,986 5.58 52,580,052 84.15 1,010,723 1.62 729,316 1.17 2,644,984 4.23 2,031,199 3.25 62,484,260 100 2019 3,343,854 4.75 60,539,026 86.00 1,228,617 1.75 777,139 1.10 2,052,322 2.92 2,451,486 3.48 70,392,444 100 2020 3,589,612 5.10 64,119,949 85.58 2,881,639 3.85 656,836 0.88 1,882,065 2.51 1,790,761 2.39 74,920,862 100 2021 3,852,316 4.94 61,539,512 78.94 7,752,811 9.95 830,161 1.06 1,822,851 2.34 2,157,973 2.77 77,955,624 100 2022 4,042,706 4.94 66,291,552 81.08 6,498,960 7.95 1,004,383 1.23 3,170,752 3.88 753,756 0.92 81,762,109 100 Source: Previous year's audits and current year financial statements Tenant Rentals Developer Fee Revenue Total
Housing Assistance Other
Payment Subsidies Governmental Grants Fee Revenue Other Revenue Table 4
90 HOUSING AUTHORITY OF THE CITY OF THE FRESNO
Revenue Capacity
Non-Operating Revenues by Source
Last Ten Fiscal Years (Unaudited)
% % % % % % %% %
Year Amount of total Amount of total Amount of total Amount of total Amount of total Amount of total Amount of total Amount of total Amount of total 2013 74,328 0.73 11,746 260,750 2.55 0.12 1,181,951 11.58 - - - - 8,677,458 85.02 - - 10,206,233 100 2014 157,904 31.79 2,517 0.51 54,432 10.96 261,677 52.68 - - - - 20,210 4.07 - - 496,740 100 2015 333,532 19.81 15,819 400,264 23.77 0.94 987,060 58.63 (186,864) (11.10) - - 133,868 7.95 - - 1,683,679 1002016 778,467 20.77 11,173 470,216 12.54 0.30 1,399,766 37.34 (50,815) (1.36) - - 1,139,654 30.40 - - 3,748,461 100 2017 839,942 11.46 26,946 283,126 3.86 0.37 2,220,176 30.28 600 0.01 - - 3,960,971 54.02 - - 7,331,761 100 2018 1,085,338 21.05 26,639 1,854,502 35.97 0.52 - - 59,504 1.15 - - 2,129,490 41.31 - - 5,155,473 100 2019 1,118,816 31.14 63,039 175,980 1.75 4.90 - - (849,799) (23.65) - - 3,084,549 85.86 - - 3,592,585 100 2020 1,320,642 77.31 2,137 385,365 0.13 22.56 - - - - - - 71 - - - 1,708,215 100 2021 1,338,648 44.49 1,174 1,564,210 0.04 51.98 - - - 7,231 - 0.24 97,845 3.25 - - 3,009,108 100 2022 1,649,888 - 246.91 - (985,928) - (147.54) - - (890) - (0.13) - 5,152 - 0.77 668,222 100 Source: Previous year's audits and current year financial statements Interest Income Fraud Recovery Gain on Assets Total
Share of Joint Venture Transfer from (to)
Income (Loss) Developer Fees Other Related Entities Insurance Claim Gain (Loss) from
Other
Table 5
91 HOUSING AUTHORITY OF THE CITY OF THE FRESNO
Debt Capacity
Ratio of Debt to Capital Assets
Last Ten Fiscal Years (Unaudited)
Ratio of Total
Debt to Capital
Year Current Portion Noncurrent Portion Total Assets
2013 7,695,768 5,879,333 13,575,101 22,517,725 60.29%
2014 2,389,404 14,248,150 16,637,554 21,950,301 75.80%
2015 1,947,556 13,892,741 15,840,297 21,375,560 74.10%
2016 1,546,246 12,502,409 14,048,655 18,818,174 74.65%
2017 2,073,801 12,216,897 14,290,698 18,210,630 78.47%
2018 2,156,683 11,989,372 14,146,055 16,867,346 83.87%
2019 3,542,102 11,523,390 15,065,492 17,194,274 87.62%
2020 4,021,070 11,431,968 15,453,038 18,264,641 84.61%
2021 7,624,142 7,019,024 14,643,166 19,538,215 74.95%
2022 4,027,262 13,940,648 17,967,910 22,226,856 80.84%
Source: Previous year's audits and current year financial statements Long - Term Debt Capital Assets,
Net
Table 6
92 HOUSING AUTHORITY OF THE CITY OF THE FRESNO
Demographics and Economic Statistics
Tenant Demographics – Population Statistics
Last Ten Fiscal Years (Unaudited)
Year Adults Elderly Minors Females Males Total
2013 9,456 7,880 873 10,522 18,209 7,687
2014 9,528 8,134 981 10,924 18,643 7,719
2015 10,424 1,195 9,122 12,047 20,741 8,694
2016 9,342 1,233 8,313 10,941 18,888 7,947
2017 7,273 5,688 928 8,259 13,889 5,630
2018 9,453 1,239 7,376 10,653 18,068 7,415
2019 8,895 1,338 7,275 10,286 17,508 7,222
2020 9,193 1,707 8,565 11,561 19,465 7,904
2021 7,321 1,679 7,215 9,569 16,215 6,646
2022 7,370 1,744 7,143 9,570 16,257 6,687
Year Adults Elderly Minors Females Males Total
2013 551 529 95 695 1,175 480
2014 425 424 69 548 370 918
2015 522 494 79 645 1,095 450
2016 447 444 77 569 399 968
2017 555 463 65 659 1,083 424
2018 565 459 60 661 1,084 423
2019 566 479 60 670 1,105 435
2020 473 424 56 569 384 953
2021 463 471 58 616 376 992
2022 453 457 52 594 368 962
Year Adults Elderly Minors Females Males Total
2016 122 47 90 170 259 89
2017 118 30 99 151 247 96
2018 113 33 89 150 235 85
2019 108 33 93 151 234 83
2020 104 34 89 145 227 82
2021 99 36 76 132 211 79
2022 103 38 71 130 212 82
Source: IT Department from Housing Authority of the City of Fresno Note: The demographic data for affordable housing prior to 2016 is not available.

Demographic data managed by 3rd party management is not included.

Housing Choice Voucher
Public Housing
Affordable Housing
Table 7
93 HOUSING AUTHORITY OF THE CITY OF THE FRESNO
Demographics and Economic Statistics
Principal Employers
Current Year and Nine Years Ago (Unaudited)
Percent of Total Percent of Total
Employer Employees Rank City Employment Employees Rank City Employment Fresno Unified School District 13,669 1 3.55% - - -
Community Regional Medical Center 9,000 2 2.34% 3,589 2 1.83% County of Fresno 8,870 3 2.30% 6,064 1 3.10%
Amazon.com, Inc 6,500 3 1.69% - - -
Clovis Unified 6,400 5 1.66% - - -
City of Fresno 4,605 6 1.20% 3,100 3 1.58%
Internal Revenue Service 4,230 7 1.10% - - -
Foster Farms 3,063 8 0.80% - - -
Valley Children's 3,000 9 0.78% - - -
Saint Agnes Medical Center 2,900 10 0.75% 1,906 4 0.97% California State University, Fresno - - - 1,525 5 0.78% Kaiser Permanete Fresno - - - 1,012 7 0.52%
Lyons Magnus - - - 8 600 0.31%
Guarantee Real Estate - - - 9 455 0.23%
Total 62,237 16.17% 18,251 0.09%
Fresno City Employment 384,900 195,800
Source: Employer Information- Fresno County Economic Development Corporation (EDD) City of Fresno Employmment Information - Employment Development Department (EDD) - Labor Market Information, State of California.
2022 2013
Table 8
94 HOUSING AUTHORITY OF THE CITY OF THE FRESNO
Demographics and Economic Statistics
Regional Demographics – Population Statistics
Last Ten Fiscal Years (Unaudited)
Per Capita Unemployment
Year Population Personal Income Rate
2013 508,453 33,354 34,886 13%
2014 515,609 35,172 36,448 12%
2015 520,159 37,360 38,323 10%
2016 520,453 39,295 40,101 10%
2017 525,832 41,024 41,470 9%
2018 538,330 42,843 43,084 8%
2019 536,683 45,446 45,487 7%
2020 545,769 48,539 48,495 12%
2021 546,770 52,120 51,422 12%
2022 543,660 Not Available Not Available 6%
Source:

Population: California State Department of Finance, Demographic Reasearch Unit Personal Income: City of Fresno Annual Comprehensive Financial Report Per Capita Personal Income: City of Fresno Annual Comprehensive Financial Report Unemployment Rate: California Employment Development Department (EDD), Labor Market Information Division
Personal
Income*
Table 9
95 HOUSING AUTHORITY OF THE CITY OF THE FRESNO
Operating Information
Property Characteristics and Dwelling Unit Composition
December 31, 2022 (Unaudited)
Sequoia Courts 515 S. Modoc 60 1942
Sierra Plaza 838 Tulare Street 70 1942
Fairview Heights Terrace 2195 S. Maud Street 74 1952
Sequoia Courts Terrace 549 S. Thorne Street 78 1942
Sierra Terrace 631 Kern Street 26 1952
Monte Vista Terrace 1132 N. Sherman Court 23 1952
DeSoto Gardens II 640 E. California Avenue 28 1995
Total units - Public Housing 359
El Cortez Apts 4949 N. Gearhart Ave. 48 2004
Woodside Apts 3212 E. Ashcroft Ave. 76 2004
Dayton Square 3050 E. Daton 66 2004
San Ramon 1328 E. San Ramon 32 2013
Garland Gardens 3726 N. Pleasant, #101 51 1980
Total units - Affordable Housing 273
Total Units 632
Public Housing
Affordable Housing
Name of development Address Number of units
Year built or
acquired
Year built or
Name of development Address Number of units acquired
Table 10
96 HOUSING AUTHORITY OF THE CITY OF THE FRESNO
Operating Information
Employee Demographics
Last Ten Fiscal Years (Unaudited)
Black White Hispanic Others Total
2013 31 17 67 90 4 209
2014 25 19 72 89 7 212
2015 21 17 69 97 6 210
2016 21 19 68 93 5 206
2017 24 19 65 102 6 216
2018 23 23 61 111 9 227
2019 15 24 56 108 12 215
2020 17 26 53 110 15 221
2021 22 22 54 131 15 244
2022 16 22 45 132 23 238
Source: Human Resource Department
Note: The County and City Housing Authorities operate and report separately while sharing the same management Asian/ Pacific
Islander
Calendar
Year
97 SINGLE AUDIT REPORTS AND RELATED SCHEDULES

98 Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards To the Board of Commissioners
Housing Authority of the City of Fresno
We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, the financial statements of the business-type activities of the Housing Authority of the City of Fresno (the "Agency") as of and for the year ended December 31, 2022, and the related notes to the financial statements, which collectively comprise the Agency's basic financial statements, and have issued our report thereon dated September 27, 2023. Our report includes a reference to another auditor who audited the financial statements of Silvercrest, Inc., a joint venture of the Agency, as described in our report on the Agency's financial statements. The financial statements of Silvercrest, Inc. were not audited in accordance with Government Auditing Standards, and accordingly, this report does not include reporting on internal control over financial reporting or instances of reportable noncompliance associated with Silvercrest, Inc.

Report on Internal Control over Financial Reporting
In planning and performing our audit of the financial statements, we considered the Agency’s internal control over financial reporting (“internal control”) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Agency’s internal control.

Accordingly, we do not express an opinion on the effectiveness of the Agency’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.

99 Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the Agency’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

Sacramento, California
September 27, 2023

100
Independent Auditor's Report on Compliance for the Major Federal Program and Report on Internal Control over Compliance Required by the Uniform Guidance To the Board of Commissioners
Housing Authority of the City of Fresno
Report on Compliance for the Major Federal Program
Opinion on the Major Federal Program
We have audited the Housing Authority of the City of Fresno’s (the "Agency") compliance with the types of compliance requirements identified as subject to audit in the OMB Compliance Supplement that could have a direct and material effect on the Agency’s major federal program for the year ended December 31, 2022. The Agency’s major federal program is identified in the summary of auditor’s results section of the accompanying schedule of findings and questioned costs.

In our opinion, the Housing Authority of the City of Fresno complied, in all material respects, with the compliance requirements referred to above that could have a direct and material effect on its major federal program for the year ended December 31, 2022.

Basis for Opinion on the Major Federal Program
We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America (GAAS); the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States (Government Auditing Standards); and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Our responsibilities under those standards and the Uniform Guidance are further described in the Auditor’s Responsibilities for the Audit of Compliance section of our report.

We are required to be independent of the Agency and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on compliance for the major federal program. Our audit does not provide a legal determination of the Agency’s compliance with the compliance requirements referred above.

Responsibilities of Management for Compliance
Management is responsible for compliance with the requirements referred to above and for the design, implementation, and maintenance of effective internal control over compliance with the requirements of laws, statutes, regulations, rules and provisions of contracts or grant agreements applicable to the Agency’s federal programs.

101
Auditor’s Responsibilities for the Audit of Compliance
Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance requirements referred to above occurred, whether due to fraud or error, and express an opinion on the Agency’s compliance based on our audit. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS, Government Auditing Standards, and the Uniform Guidance will always detect material noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance with the compliance requirements referred to above is considered material, if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about the Agency’s compliance with the requirements of the major federal program as a whole.

In performing an audit in accordance with GAAS, Government Auditing Standards, and the Uniform Guidance, we:
• Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material noncompliance, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the Agency’s compliance with the compliance requirements referred to above and performing such other procedures as we considered necessary in the circumstances.
• Obtain an understanding of the Agency’s internal control over compliance relevant to the audit in order to design audit procedures that are appropriate in the circumstances and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of the Agency’s internal control over compliance. Accordingly, no such opinion is expressed.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and any significant deficiencies and material weaknesses in internal control over compliance that we identified during the audit.

Report on Internal Control Over Compliance
A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance.

102
Our consideration of internal control over compliance was for the limited purpose described in the Auditor’s Responsibilities for the Audit of Compliance section above and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance. Given these limitations, during our audit we did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in internal control over compliance may exist that were not identified.

Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed.

The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose.

Sacramento, California
September 27, 2023

HOUSING AUTHORITY OF THE CITY OF FRESNO

SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
YEAR ENDED DECEMBER 31, 2022
103
Federal
Assistance
Listing Number
Program/Passthrough Entity
Identifying Number
Total Federal
Expenditures
Passed
Through to
Subrecipients
Department of Housing and Urban Development:

Direct Assistance:

Supportive Housing Program 14.235 $ 534,825 $ -
Shelter Plus Care Program 14.238 1,029,721 -
Home Investment Partnerships Program 14.239 218,152 -
Homelessness Prevention and Rapid Re-Housing Program 14.257 144,683 - Public and Indian Housing 14.850 Contract # SF-170 2,549,289 - Public Housing Capital Fund 14.872 Contract # SF-170 1,982,315 - Choice Neighborhoods Planning Grants 14.892 118,122 -
Housing Voucher Cluster
Section 8 Housing Choice Vouchers 14.871 Contract # SF-472 61,187,106 - Emergency Housing Vouchers 14.871 54,104 -
Mainstream Voucher Program 14.879 455,549 -
Subtotal - Housing Voucher Cluster 61,696,759 -
Subtotal - HUD Direct Assistance 68,273,866 -
Passed through the State of California Housing Finance Agency:

Section 8 Project - Based Cluster
Section 8 New Construction and Substantial
Rehabilitation 14.182 CHFA # 76-54-N 443,762 -
Subtotal - Section 8 Project - Based Cluster 443,762 -
Passed through the City of Fresno:

COVID-19 Emergency Solutions Grant (ESG-CV)
Step Up on 99 14.231 N/A 287,337 287,337
Welcome Inn 14.231 E-20-MW-06-00001 854,286 854,286
Subtotal - COVID-19 Emergency Solutions Grant (ESG-CV) 1,141,623 1,141,623 Subtotal - U.S. Department of Housing and Urban Development 69,859,251 1,141,623 Total Expenditures of Federal Awards $ 69,859,251 $ 1,141,623 Federal Grantor/ Pass-Through Grantor/ Program or
Cluster Title
See accompanying notes to the schedule of expenditures of federal awards

HOUSING AUTHORITY OF CITY OF FRESNO
Notes to Schedule of Expenditures of Federal Awards
December 31, 2022
104
Note 1 - Reporting Entity
The Housing Authority of the City of Fresno (the “Agency”) is responsible for the development and implementation of certain housing programs and activities within the City of Fresno, California. The Agency provides housing to families under a variety of programs including conventional Low-Income Public Housing, Housing Choice Vouchers, Section 42 Low-Income Housing Tax Credits, Migrant Services, Farm Labor Housing, Emergency Housing, and others.

Note 2 - Indirect Cost Rate
The Agency has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.

Note 3 - Summary of Significant Accounting Policies
Basis of Presentation
The accompanying schedule of expenditures of federal awards (the "Schedule") presents the federal awards activity of the Agency under programs of the federal government for the year ended December 31, 2022. Federal awards received directly from federal agencies, as well as federal awards passed through from nonfederal agencies or other organizations are included in the Schedule.

The information in the Schedule is presented in accordance with the requirements of Title 2 U.S.

Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). As the Schedule presents only the federal awards activity of the Agency, it is not intended to and does not present the financial position, change in net position or cash flows of the Agency as a whole.

Summary of Significant Accounting Policies
The expenditures included in the Schedule are reported under the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.

HOUSING AUTHORITY OF CITY OF FRESNO
Schedule of Findings and Questioned Costs
Year Ended December 31, 2022
105
A. Summary of Auditor's Results
Financial Statements

1. Type of report the auditor issued on whether the financial statements audited were prepared in accordance with generally accepted accounting principles: Unmodified opinion

2. Internal control over financial reporting:
a. Material weakness(es) identified? Yes x No
b. Significant deficiency(ies) identified? Yes x None reported

3. Noncompliance material to financial
statements noted? Yes x No
Federal Awards

4. Internal control over major federal programs:
a. Material weakness(es) identified? Yes x No
b. Significant deficiency(ies) identified? Yes x None reported

5. Type of auditor's report issued on compliance for major federal programs: Unmodified opinion

6. Any audit findings disclosed that are required
to be reported in accordance with 2 CFR
Section 200.516(a)? Yes x No

7. Identification of major federal programs:

Assistance Listing Numbers(s) Name of Federal Program or Cluster

14.871 & 14.879 Housing Voucher Cluster

8. Dollar threshold used to distinguish between Type A and Type B programs: $2,095,778

9. Auditee qualified as low-risk auditee x Yes No

HOUSING AUTHORITY OF CITY OF FRESNO
Schedule of Findings and Questioned Costs
Year Ended December 31, 2022
106
B. Findings - Financial Statements Audit
None reported.

C. Findings and Questioned Costs - Major Federal Award Programs Audit None reported.

Part B
Application

PY 2024-2025 CONSOLIDATED NOFA

PART B - APPLICATION

HOMELESS AND HOMELESSNESS PREVENTION
Application Summary
The City of Fresno (City) invites applicants to submit applications for Homeless and Homelessness Prevention Programs for funding through U.S. Department of Housing and Urban Development (HUD) Community Planning & Development entitlement grant programs, including Emergency Solutions Grant (ESG) or Housing Opportunities for Persons with HIV/AIDS (HOPWA). The 2020-2024 Consolidated Plan prioritizes assistance for the homeless and those at risk of becoming homeless through safe lowbarrier shelter options, housing first collaborations, and associated supportive services. As such, applications are being accepted from eligible organizations interested in delivering homeless services to families and people.

The City is interested in receiving applications for one or more of the following program activities:

Activity Potential Funding
Street Outreach ESG
Emergency Shelter ESG
Homeless Management Information
System ESG
Homelessness Prevention ESG, HOPWA
Rapid Re-Housing ESG, HOPWA
Tenant-Based Rental Assistance
(TBRA) HOPWA
Short Term Rent Mortgage and Utility
Assistance (STRMU) HOPWA
Supportive Services HOPWA
Housing Information HOPWA
PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

Activity Definitions
Street Outreach: Essential services related to reaching out to unsheltered homeless individuals and families. Eligible costs include engagement, case management, emergency health and mental health services, transportation, and services for special populations.

Emergency Shelter: Essential services (case management, childcare, education services, employment assistance and job training, outpatient health services, legal services, life skills training, mental health services, substance abuse treatment services, transportation, and services for special populations) and shelter operations (maintenance, rent, repair, security, fuel, equipment, insurance, utilities, food, furnishings, and supplies necessary for the operation of the emergency shelter).

Homeless Management Information System: An online software application designed to record and store client-level information on the characteristics and service needs of people experiencing homelessness throughout the Fresno-Madera Continuum of Care jurisdiction.

The software is used by homeless assistance providers to coordinate service provision, manage operations, and better service clients.

Homelessness Prevention: Housing relocation and stabilization services and shortand/or medium-term rental assistance as necessary to prevent the individual or family from moving to an emergency shelter, a place not meant for human habitation, or another place described in the homeless definition included in the 2024-2025 NOFA Handbook.

Eligible homeless prevention costs under the ESG programs may include 1) Rental Assistance (rental assistance and rental arrears), 2) Financial Assistance (rental application fees, security and utility deposits, utility payments, last month’s rent and moving costs) and 3) Services (housing search and placement, housing stability case management, landlord-tenant mediation, tenant legal services and creditrepair).

Subsistence Payments are defined as one-time, or short-term (no more than three months) emergency payments made on behalf of individuals or families, generally for the purpose of preventing homelessness (i.e., utility payments to prevent cutoff of service and rent/mortgage payments to prevent eviction).

Homelessness Diversion: Differs from homelessness prevention and rapid re-housing in terms of timing. Prevention targets people at imminent risk of homelessness, diversion targets people as they apply for entry into shelter, and rapid re-housing targets persons who are already homeless.

Rapid Re-Housing: Housing relocation and stabilization services and/or short-and/or medium-term rental assistance as necessary to help individuals or families living in shelters or in places not meant for human habitation move as quickly as possible into permanent housing and achieve stability in that housing. Eligible homeless prevention costs under the ESG programs may include: 1) Rental Assistance (rental assistance and rental arrears); 2) Financial Assistance (rental application fees, security and utility deposits, utility payments, last month’s rent and moving costs), and 3) Services PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

(housing search and placement, housing stability case management, landlord-tenant mediation, tenant legal services and creditrepair).

Tenant-Based Rental Assistance: TBRA is a rental subsidy that can be used to help individuals and households afford housing costs such as rent, security deposits, and utility deposits.

Short Term Rent Mortgage and Utility Assistance: STRMU assistance under the HOPWA program provides short-term, stabilizing interventions to HOPWA eligible households experiencing a financial crisis because of their HIV/AIDS health condition or a change in their economic circumstances. STRMU assistance is a preventive housing intervention intended to reduce the risks of homelessness, and when utilized together with other HOPWA efforts, including access to health care services, case management, benefits counseling, and employment or vocational services, works to stabilize assisted households.

Supportive Services: Includes, but not limited to, health, mental health, assessment, permanent housing placement, drug and alcohol abuse treatment and counseling, day care, personal assistance, nutritional services, intensive care when required, and assistance in gaining access to local, State, and Federal government benefits and services.

Housing Information: Includes, but is not limited to, counseling, information, and referral services to assist an eligible person to locate, acquire, finance, and maintain housing. This may also include fair housing guidance for eligible persons who may encounter discrimination based on race, color, religion, sex, age, national origin, familial status, or handicap.

PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

Application Submission
Application Deadline
February 16, 2024 by 5 PM
Resolutions Authorizing Application Submission Deadline March 1, 2024 by 5 PM
Application Delivery
• Please submit an electronic version of your application by:

Email [email protected], or
If your file is over 40 MB, email [email protected] to receive a link to upload large files
Hard copies of applications and authorizing resolutions are not requested or accepted. If assistance is required for digital submission, please reach out to the contact person listed below.

We will email you within one business day of receipt to confirm application submission – if you do not receive a confirmation, please contact the relevant person.

Contact Person
• Erika Lopez, Senior Management Analyst
559-396-5066
[email protected]
• General Inquiries
Housing & Community Development Division | 559-621-8300 | [email protected] PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

Application Overview and Instructions
The City of Fresno (City) Housing and Community Development Division is accepting proposals from eligible organizations providing assistance to persons experiencing homelessness or at-risk of homelessness within the City.

Funds to be used for this NOFA are from the HUD Federal ESG and HOPWA Programs.

The program requirements are attached to the Consolidated NOFA Handbook.

The two HUD programs provide funding to meet the following objectives: engage homeless individuals and families living on the street; improve the quantity of emergency shelters for homeless individuals and families; help operate these shelters; provide essential services to shelter and service residents with HIV/AIDS; rapidly re-house homeless individuals and families; help to prevent individuals, families, and youth 18-24 years of age from becoming homeless using diversion services; and provide tenant-based rental assistance, security deposits, and utility payments for very-low and low-income individuals and families.

Under this Consolidated NOFA, the following Homeless and Homelessness Prevention objectives have been prioritized:
• Provide eligible recipients with assistance paying utility bills • Outreach to encampments with behavioral health and medical services • Peer mentorship program where people who are formerly homeless can provide mentorship to people who are currently experiencing homelessness • Develop and maintain an online database of resources for people experiencing homelessness.
• Provide eligible recipients with rental assistance
• Programs that prioritize reducing the client-to-case manager ratio • Programs that provide lockers or other storage for people experiencing homelessness
PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

Instructions:

Applications have been designed to support a standardized method of evaluation for eligibility and consideration. Applicants are encouraged to carefully review their applications prior to submission to ensure all questions are complete and narrative attachments are included. Once the application is submitted, additional information will not be accepted. In the event additional clarification is needed, City staff will contact the agency. In most instances, applicants will have 24 hours to provide clarifying information in order to be considered responsive.

Prior to completing their applications, applicants should review the 2024-2025 Consolidated NOFA Handbook. The Handbook provides additional information regarding funding priorities, threshold eligibility requirements, applicant support options, and information on the timeline and process for application review and funding.

An organization’s completed application includes one Part A (Cover Page), and one or more Part B (Application) including all relevant exhibits and attachments. Organizations are required to provide separate Applications for each program they want funded. • Applicants may provide as an attachment a maximum of two, single-page letters of support. Additional pages beyond the maximum will not be reproduced. For this reason, applicants should select the two “best” support letters.

PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

Evaluation Process
Applications will be scored and ranked according to the below criteria.

Category Points
Qualified / Disqualified:
• Does the applicant demonstrate how the proposal aligns with one or more priorities outlined in the City of Fresno 2020- 2024 Consolidated Plan? (If no, the application may be disqualified)
• Are the proposed activities and costs eligible under the applicable funding source? (If no, in part or full, the application may be disqualified in part or full)
• Is the applicant an established corporation chartered and in good standing with the State of California or a 501(c)(3) tax-exempt organization? (if no, the application may be disqualified) • Does the applicant have established financial and management systems? (if no, the application may be disqualified)
• Has the applicant failed to meet any other threshold eligibility requirements in the accompanying 2024-2025 Consolidated NOFA Handbook? (If yes, the application may be disqualified) • Has the applicant identified the target population? (If no, the application may be disqualified)
• Does the applicant have any unresolved monitoring findings? (if yes, the application may be disqualified)
• ESG Funding Applications- Has the applicant submitted a fully complete Match attachment? (If no, the application may be disqualified) Qualified or Disqualified
Organizational Capacity:
• Does the organization have demonstrated success in administering a similar activity? (0 years = 0 points; 1 or more years = 5 points) • Does the organization have cultural competency training available to staff operating the program? (10 points)
• Does the agency have facilities that can accommodate the proposed program activities? (5 points)
20 PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

Category Points
Quality of the Proposal / Alignment to Community Needs:
• To what extent does the proposal address unmet community needs? (Up to 10 points)
• Does the proposal describe barriers to program participation, and how the activity addresses those barriers? (Up to 10 points) • Has the proposal clearly identified how it will address the needs of one or more of the following populations: domestic violence survivors, veterans, LGBTQ+, deaf and hard-of-hearing, people with access or functional needs, youth, victims of human trafficking, elderly? (Up to 10 points) • Does the proposal achieve one or more priority objectives listed on page 5? (Up to 10 points)
40 Impact and Outcomes:
• Has the applicant described how the target population will be reached and assessed? (Up to 5 points)
• Does the organization clearly articulate how the program activities were developed in consultation with the target population? (Up to 5 points)
• Does the organization describe how their prior activities have resulted in meaningful impact? (Up to 5 points)
15 Cost Effectiveness / Leveraging
• Has the organization provided financial statements showing current assets sufficient to cover operating expenses for at least 6 months? (If yes, 5 points)
• Is the proposed budget consistent with the proposed program services? (Up to 5 points)
• Non-ESG Only - Will the proposed activity leverage additional funds that would otherwise not be available? (Up to 5 points)
• ESG Only - Has the Match attachment established that there is a reasonable expectation that the Match requirement can be met? (Up to 5 points)
15 Coordination / Collaboration
To what extent does the applicant describe how its activities will be delivered in coordination with other community resources to address the overall needs of its clientele? (Up to 10 points)
10 Total Possible Points 100
PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

PY 2024-2025 APPLICATION
Homeless Services and Homelessness Prevention Programs

1. Project Summary Information
Project Name (10 words or fewer): ESG City of Fresno Homeless Management Information System
Amount Requested: $ 21,037.00
ESG Applicants Only – please provide a breakdown of amounts requested by program component:

Street Outreach: $ .00
Emergency Shelter: $ .00
Homelessness Prevention: $ .00
Rapid Rehousing: $ .00
HMIS: $ 21,037.00
HOPWA Applicants Only – please provide a breakdown of amounts requested by program component:

Rapid Rehousing: $ .00
Tenant-Based Rental Assistance (TBRA): $ .00
Short-Term Rent, Mortgage and Utility (STRMU): $ .00
Supportive Services: $ .00
Housing Information: $ .00
This is a:

New Project/Program
Existing Project/Program
PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

Provide a short description of the proposed program/activity. (1 to 3 sentences and must fit in the provided space).

Fresno Housing will provide a functioning Homeless Management Information system (HMIS) for purposes of gathering and analyzing community data from a variety of projects including those projects funded by Emergency Solutions Grant (ESG). This systems will be used to assess the effectivenes sof the homeless response system and inform decision making on housing and services needs for individuals/families experiencing homelessness.

2. Organizational Capacity
a. Describe the organization’s experience with administering Federally funded programs like the one described in this application.

In terms of federally funded programs to assist the unhoused community, Fresno Housing (FH) currently administers two (2) U.S. Department of Housing and Urban Development Continuum of Care (HUD CoC) HMIS grants totalling $322,270. The agency has been the HMIS Data Lead Agency for the Fresno Madera Continuum of Care for approximately 20+ years. In addition the agency administers three (3) HUD CoC housing grants totaling $200,000.

As a Public Housing Authority, FH both manages developments and administers 13,000 Housing Choice Vouchers in both the City and County of Fresno. The agency is also a developer of affordable housing in the City and County of Fresno. b. For how many years has the organization administered activities of the type described in this application?
At least 16 years
c. Please describe the cultural competency training staff will be required to complete during the term of this program.

PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

Cultural competency is not necessarily a training opportunity at Fresno Housing; instead Diversity, Equity and Inclusion is at the very ethos of the agency. The agency engaged in an extensive consultant-led assessment of policies and practices that may have led inadvertently to bias in how the agency conducted operations.

Based on findings and recommendations, the agency engaged in a national search for a DEI Officer who began employment here in 2021. Since then the agency has engaged in staff workshops on a plethora of topics including racial identity and gender identity. Fresno Housing understands that DEI is not just about race and ethnicity, but also perceptions of class, particularly perceptions of those in various low-income housing programs. As such, Fresno Housing endeavors to center those we serve in how we conduct business; just recently amplifying participant voices in an update of strategic planning.
d. Does the organization have the following in place (check box if ‘yes’)? Written policies and procedures for the proposed project or program (i.e., intake, eligibility)
Written Financial Management Policies and Procedures
Non-Discrimination / Equal Opportunity Policy
Conflict of Interest Policies and Procedures
Procurement Policies and Procedures
Facility utilization plan and policies
Note: If not, be aware, the City will require a facility utilization plan and policies prior to the execution of a subrecipient agreement. e. Provide addresses for each applicable location of site(s) where activity will occur, a brief description of the facilities, and a description of the service area (a map may be attached in lieu of a service area description).

Main activities for HMIS will occur at the FH Central Office - 1331 Fulton Street; Fresno, CA 93721
PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

3. Proposed Scope of Work
a. Briefly describe the needs this proposal addresses, and how existing resources are insufficient to meet this need.

This proposal addresses the data needs for the Fresno madera Continuum of Care (FMCoC) in terms of the HMIS system. Data collection and entry by agencies, including ESG recipients, vital for the community to make data informed decisions on the housing services needs of unhoused individuals and/or families.The data additionally informs the effectivness of the community homeless response system.

HMIS discerns metric such as amount/type and utilization of various housing solutions - including emergency shelter and permanent housing. Other metrics include demographics to ascertain the level of racial equity in the performance of the homeless response system. Currently HMIS has over 200 users from HUD CoC, State and ESG funded agencies.
b. Briefly describe the target population, how they will be assessed, and how the project will meet the specific needs of the target population.

The target population of this HMIS proposal is the FMCoC through its projects, including ESG projects as data on the unhoused participants are entered into the system. For most most funding sources, HMIS participantion is a mandated activiity, it is much more important to think of data a the lynchpin for both analyzing system effectiveness and using data to make informed decisions on the housing and services needed for the unhoused community. In its role as HMIS Data Lead Agency, FH will work with all projects to ensure data quality and completeness through data entry training, data quality analysis and subsequent analysis of the effectivenesss of the homeless response system.
c. Describe how the project was developed in consultation with the target population.

HMIS is a HUD CoC and ESG mandated data system. As such HUD dictates the Universal Data Elements to be collected, the format and timing of both Annual Progress Reports and the CAPER. The State of California has now largely mandated HMIS use for its funded agencies surrounding unhoused programs. FH does, however, work with Agency Administrators, end users, jurisdictions and other interested parties on effective training techniques and tips/tricks for superior data quality. Based on analysis of system use, the FH HMIS Data Team provides monthly workshops on various topics of interest to end users. The FH HMIS Data Team also works with jurisdictions and the State on best practices of HMIS reporting.

PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

d. Describe how the project will be marketed to the target population.

Again, HMIS is HUD CoC and ESG mandated. The FH HMIS Data Team reaches out to new providers of housing and services to explain HMIS, offer training, assist with project set up and understanding reporting requirements. The FH HMIS Data Analyst frequently performs presentations on the system at monthly FMCoC General Membership meetings
PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

e. Summary of services to be provided:

Select all services to be provided, including those that are not funded by the City.

Emergency Shelter
Transitional Housing
Homeless Prevention/Housing Assistance
Homeless Diversion
Mental Health/Other Services
- Individual and Family Counseling
- Drug/Alcohol Treatment
- Job Training
- Children’s Program
- Parenting education
- Domestic Violence Intervention
- Self-Sufficiency Skills Training
- Outreach
- Assessment of Needs
Permanent Housing with Supportive Services
Affordable Housing
Job Training/ Job Search
Women’s Program
Day Care
Youth Program
Access to Medical
Immigration Assistance
Fair Housing Assistance
Academic Support/Tutoring
Referral Services
Case Management
Provide Meals
Free Services
Business Development to micro-enterprise
Other (specify):Homeless Management Information System
PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

f. Estimate the number of unduplicated persons expected to benefit from the project:
5000 unduplicated persons will receive a direct benefit from this project. g. Please indicate which of these service types will be provided and the number of unduplicated persons who will benefit.

Check if
Providing Public and Community Service Types Estimated No. Persons Assisted Operating Cost of Shelters for Persons
who are homeless or impacted by

HIV/AIDS
Rental Assistance/Subsidy
Supportive/Essential Services (not
duplicated with services provided in
conjunction with another activity)
Housing information services (not
duplicated with services provided in
conjunction with another activity)
5000
h. Describe the homeless service or homelessness prevention program. Please include information about barriers to program participation and how the activity will address those barriers, and any information about how the activity was developed or refined in consultation with the target population. Limit description to the space provided on this and the next page.

As stated, HMIS is a mandated component of all HUD CoC, ESG and many State of Calironia projects. HMIS currently holds records for approximately 5,000 individuals detailing data such as demographics, system involvement history and if applicable upload of documents for housing and assessments for prioritization. HMIS is the vehicle by which the community can judge the effectiveness of its homeless response system. HMIS provides metrics on a number of factors - number of housing services projects for unhoused individuals/families by project type (PSH, RRH), existence of other projects endemic to assisting those experiencing homelessness (Diversion, Homeless Prevention) and utitilization of these projects to name a few. HMIS is reponsible for grant reporting for the annual Housing Inventory Chart, System Performance Measures and the Longitudinal Study Analysis - all enumerate and analyze the effectiveness of the community homeless response system. It is through theses and other HMIS reports that the community can make data informed decisions PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

on funding for particular types of projects, i.e., does the data show the community needs more PSH versus RRH versus Emergency Shelter or Street Outreach.

This ESG HMIS grant will contribute to the match needed to pay for those components - software, licenses and staff time for HMIS reporting particularly for community positions, such as Coordinated Entry Housing Navigators, Community Coordinator, Community Matcher and ESG recipients.

There are no real barriers to HMIS participation, it is a matter of training. The FH HMIS Data Team provides HMIS Data Entry training and will assist with project specific Data Collection training. The FH HMIS Data Team has developed relations with both end users and Agency Administrators - responsible for assisting end users and with HMIS Data Team assistance, analyzing their project performance.

The FH HMIS Data Team is always receptive to the needs of the community and end users. In this program year, the team will engage with Community Solutions - a longtime FMCoC consultant - to assist the community in best practices in data analysis to advice the FMCoc in reaching reduction of homelessness goals. The Team will attend conferences such as the National Human Services Data Consortium and National Alliance to End Homelessness. The Team belongs to many listservs and web-based groups around data and HMIS.

PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

Detailed Narrative Description of Project/Program (Continued from previous page) PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

i. Collaboration
Briefly describe any collaboration efforts with other organizations for this project/program or related initiatives.

Collaborating Organization Description of Collaboration Fresno Madera Continuum of
Care
FH is the HMIS Data Lead Agency for the CoC
State of California As the HMIS Data Lead Agency, FH works with the State on their HDIS system

4. Project/Program Budget
a. Activity Budget by Funding Type
Please provide a high-level summary of the total budget by federal and nonfederal funds.

Proposed Activity Budget Amount
Total ESG, HOPWA, and/or CDBG Funds Requested $21,037
Total Other Federal Funds (do not include the above funds on this line)
$245,770
Total Non-Federal Funds $61,443
Total Proposed Activity Budget $328,250
PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

b. List of Funding Sources
Provide all planned funding anticipated/ committed for this activity for FY 2024- 2025. If the organization has received funding commitment letters, please attach as an exhibit to this application.

Funding Source (Name of
Funder)
Name of
Funding
Program (if
applicable)
Dollar Amount
Commitment
Status
(Committed
or Pending)
If Pending,
Expected
Commitment
Date
HUD CoC HMIS II
Expansion
$245,770
City/County/CoC Funded
Agencies
HMIS Match $61,443
c. Activity Budget Summary and Narrative
Please complete Exhibit A – Operating Budget Summary.

The above referenced Budget worksheet is available in Excel format at www.fresno.gov/housing under ‘Notices of Funding Available.’ Please complete Exhibit B – Budget Narrative to provide a brief explanation of the expenses included in the budget.
d. Prior-Year Financial Statement
For existing programs, please attach a financial statement labeled as Exhibit D for the proposed program for the last full operating year. Failure to provide the financial statement will result in disqualification.

PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention

Attachments to Part B Application:

EXHIBIT A – Operating Budget Summary
EXHIBIT B – Budget Narrative
EXHIBIT C – Homeless Service and Homelessness Prevention ESG Sources and Amounts of Match and Match Questionnaire (ESG-Only)
EXHIBIT D – Prior-year audited financial statement including statement of activities, statement of financial position and statement of cash flows (required when total Federal grant awards equaled or exceeded $750,000 during the annual audit period); or prior-year unaudited financial statement when total Federal grant awards for the annual audit period was less than $750,000
Optional Additional Exhibits:

EXHIBIT – Funding Commitment Letters (if available)
EXHIBIT – Letters of Support (optional – maximum 2)
EXHIBIT – Service Area Map (required if not described in 2.e.) PY24-25 Consolidated NOFA Part B
Application – Homeless and Homelessness Prevention