Please Note, the link to Housing Authority Audit has been fixed. Sorry for the inconvenience.
Click for Housing Authority Audit - APHA is Operating at a deficit of $2,538,113, according to an auditors' report covering budgets of past two years.
Startling 94% expense increase during one fiscal year said due to salary and benefit increases.
HUD had ordered Authority to reimburse capital fund $692,990 for periods '03,'04', and '05.
One long-term loan made with TD Bank in August 2009, for $3,732, 840. as per 3/31/10 report.
Note Pg 3, point #5, and Pg 25. But all 54 pgs should be taken in context as well.
Click for City's Audit -- City Paying more than $2 million a year to service its debt, more...
or click for Synopsis of City Audit
- The Voice of Asbury Park ~ matters vital to justice, environment, equality, culture and pursuit of happiness.
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