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Annual Operating Budget

CalHFA Regulatory Agreement requires the submission of an annual operating budget. The annual budget anticipates income, operating expenses and capital improvements for the project. The budget serves as a financial operating plan and helps determine the need for a rent adjustment. Owners and Agents should refer to the project's Regulatory Agreement for specific requirement.

Due Date

The annual Operating Budget and list of anticipated capital improvements for the fiscal year is due 60 days prior to the beginning of the project's fiscal year.

Budget Format

Download the CalHFA Annual Operating Budget preferred format.

Submission

The Annual Operating Budget can be mailed by US mail or emailed in PDF format to the assigned CalHFA Asset Manager.

Mailing Address

Sacramento Office
CalHFA
P.O. Box 4034 MS 1430
Sacramento, CA 95812-4034
Attn: Assigned Asset Manager

Culver City Office
CalHFA
100 Corporate Pointe, Ste. 250
Culver City, CA 90230
Attn: Assigned Asset Manager

Online Submission

Access CalHFA's Web Compliance Management System (WCMS) to submit the Annual Operating Budget. The budget format is located within the Statement of Operations.

First time users must complete a registration form. Once approved, an email notification will be sent to the requester to access WCMS.

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Sacramento Headquarters
500 Capitol Mall, Ste. 1400
Sacramento, CA 95814
877.9.CalHFA (877.922.5432)
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