NEW YORK CITY HOUSING AUTHORITY
NEW YORK CITY HOUSING AUTHORITY
NEW YORK, NEW YORK
COMPREHENSIVE NNUAL FINANCIAL REPORT
FOR THE YEAR ENDED DECEMBER 31, 2003
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014
Karen Caldwell Executive Vice President and Chief Financial Officer
Jeffrey A. Pagelson Controller
Daniel Frydberg Deputy Director, Accounting & Fiscal Services Department
Shola Olatoye Chair & Chief Executive Officer
Michael Kelly General Manager
Karen Caldwell Executive Vice President &
Chief Financial Officer
NEW YORK CITY HOUSING AUTHORITY
New York, New York Comprehensive Annual Financial Report For the Years Ended December 31, 2015 and 2014
TABLE OF CONTENTS
Page No.
INTRODUCTORY SECTION (UNAUDITED)
Letter of Transmittal
1
Organization Chart
15
List of Principal Officials
19
FINANCIAL SECTION
Report of Independent Auditors
25
Management's Discussion and Analysis (Unaudited)
31
Basic Financial Statements
Statements of Net Position
41
Statements of Revenues, Expenses and Changes in Net Position
42
Statements of Cash Flows
43
Notes to the Financial Statements
45
Required Supplementary Information (Unaudited)
Other Postemployment Benefits Plan - Schedule of Funding Progress
107
Schedule of the Authority's Contributions to the New York City Employees'
Retirement System (NYCERS)
109
Schedule of the Authority's Proportionate Share of the Net Pension Liability
of NYCERS
111
Supplementary Information ? HUD
Financial Data Schedules
118
TABLE OF CONTENTS
FINANCIAL SECTION (continued)
Page No.
Other Supplementary Information
Schedule of Net Position ? By Program
158
Schedule of Revenues, Expenses and Changes in Net Position ? By Program
170
STATISTICAL SECTION (UNAUDITED)
Financial Trends
Comparative Operating and Non-Operating Revenues and Expenses
185
Net Position by Category
187
Capital Assets by Category
189
Revenue Capacity
Revenue on a Gross Basis
193
Debt Capacity
Long Term Debt
197
Pledged Revenue Coverage
201
Historical Federal Operating Subsidy
205
Historical Federal Capital Fund Awards
207
Demographic and Economic Information
Resident Demographics ? Operating Programs
211
Resident Demographics ? Housing Choice Voucher Program
213
Demographic and Economic Statistics ? Ten Year Trend
215
NYCHA Demographic and Economic Statistics ? Ten Year Trend
217
City of New York ? Persons Receiving Public Assistance?Ten Year Trend
219
Nonagricultural Wage and Salary Employment ? Ten Year Trend
221
Employment Status of the Resident Population ? Ten Year Trend
223
Operating Information
Public Housing Assessment System (PHAS) ? Interim Rule
227
Summary of Public Housing Developments
229
Lease Commitments
231
Employee Head Counts
233
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