Details for WILDWOOD HOUSING - LEGAL

The City of Wildwood Housing Authority
Statement of Net Position
Year Ended
Cash
Other Current Assets
Capital Assets- Net
Deferred Outflows
Total Assets
Less: Current Liabilities

March-20

March-19

$728,547

$589,111

275,441

296,053

2,477,958

2,392,669

109,672

134,411

3,591,618

3,412,244

(240,265)

(296,176)

Less: Non Current Liabilities

(1,299,170)

(2,044,272)

Less: Deferred Inflows

(1,061,140)

(311,076)

Net Position

$991,043

$760,720

Net Investment in Capital Assets

$2,477,958

$2,392,669

Unrestricted Net Position

(1,486,915)

(1,631,949)

$991,043

$760,720

Net Position

The City of Wildwood Housing Authority
Statement of Revenue, Expenses and
Changes in Net Position
Year Ended
March-20

March-19

Revenues
Tenant Revenues

$648,934

$605,475

HUD Subsidies

772,108

716,896

Other Government Grants

113,081

93,390

Other Revenues

205,868

219,187

1,739,991

1,634,948

1,465,700

1,433,087

Total Operating Income
Expenses
Operating Expenses
Depreciation Expense
Total Operating Expenses

166,400

166,050

1,632,100

1,599,137

107,891

35,811

Operating Income before
Non Operating Expenses
Interest Income
HUD Capital Grants

6,770

4,633

171,097

230,203

Change in Net Position

285,758

270,647

Net Position Prior Year

760,720

1,541,833

Prior Period Adjustment

(55,435)

(1,051,760)

Total Net Position

$991,043

$760,720

The above synopsis was prepared from the Audit Reports of the City of Wildwood Housing Authority
for the year’s ended March 31, 2020 and 2019.The Audit Report for the year ended March 31,
2020 and 2019 contained no audit findings.
The Audit Report for the year ended March 31, 2020, submitted by Hymanson, Parnes &
Giampaolo is on file at the Authority’s office at 3700 New Jersey Avenue Wildwood, New Jersey
08260-7379 and is available for review by the public during regular office hours.
Executive Director
Printer Fee: $61.49
Pub Date: June 5, 2021

Order #: 0000167263

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