2018 ANNUAL REPORT 21 2018 FINANCIALS FUNDING SOURCES Rents and other payments received directly from tenants $ 96,242,600 HUD Public Housing operating subsidies 9,897,800 HUD Public Housing capital grants 7,999,200 HUD special purpose Housing Choice Voucher rent subsidies 16,119,900 HUD Moving to Work block grant 139,305,900 Miscellaneous sources including draws from construction reserves 23,338,600 TOTAL FUNDING SOURCES $292,904,000 FUNDING USES Administrative costs $22,026,700 Property operating expenses 55,779,400 Landlord rental subsidies and Housing Choice Voucher program operating costs 131,305,900 Resident support 11,829,700 Capital expenditures 35,566,900 Principal and interest payments 35,712,200 TOTAL FUNDING USES $292,220,800 INCREASE TO/(DECREASE FROM) FUND BALANCE $683,200 Unaudited financial report for the year ended 12/31/2018