RD278 - Annual Report on the Status of the Virginia Housing Partnership Fund (Fiscal Year Ending June 30, 2007)


Executive Summary:
Section 36-150 of the Code of Virginia requires the Board of Housing and Community Development to report by December 1 of each year on the status of the Virginia Housing Partnership Revolving Fund (the Fund). The Virginia Housing Development Authority (VHDA), which administers the Fund, prepared the report.

VHDA’s financial statements dated June 30, 2007 incorporated the financial status of the Fund. The public accounting firm KPMG audited these statements. The members of the Board of Housing and Community Development received a copy of these financial statements and now submit them as presenting an accurate reflection of the status of the Fund. The report includes two components: (1) a Schedule of Net Assets Held on Behalf of the Virginia Housing Partnership Revolving Fund and (2) a Schedule of Revenues, Expenses, and Net Assets as of June 30, 2007.