The Los Angeles County Development Authority's (LACDA) Fiscal Year begins July 1st and ends June 30th. The majority of funds received are from the federal government, primarily from the U.S. Department of Housing and Urban Development (HUD) through entitlements, allocations, and grants.
The LACDA assumes responsibility for the completeness and reliability of the information contained in this report by certifying that is accurate in all material aspects. It is presented in a manner designed to fairly state the financial position and results of operations of the LACDA. All disclosures necessary to enable the knowledgeable reader to gain and understanding of the LACDA's financial activities have been included.