HOME CONTACT
US 
Financial Information
|
To operate, housing authorities receive two types of subsidy from the federal government - debt service and operating. Today, nearly one-half of the operating expenses of the Athens Housing Authority are paid for by tenant rents and other local income. Housing authorities utilize no local tax revenues. Instead, housing authorities make an annual payment in lieu of taxes (PILOT) to local governments.
| Revenues | FY 2006 |
| Dwelling Rent | $3,059,401 |
| Interest Income | 117,637 |
| Restricted Interest Income | 215,339 |
| Other Income | 93,785 |
| HUD Operating Subsidy | 3,455,348 |
| Total Income | $6,941,510 |
| Expenditures | FY 2006 |
| Salaries & Benefits | $2,916,104 |
| Supplies & Materials | 301,780 |
| Contractual Agreements | 492,623 |
| Insurance | 241,542 |
| Utilities | 2,037,140 |
| PILOT | 92,363 |
| Capital Expense | 78,152 |
| Adm. & Gen. Expense | 481,400 |
| Interest Expense | 95,130 |
| Total Operating Expenses | $6,736,234 |
| Residual Receipts without Depreciation | $205,276 |