The CDC Fiscal Year begins July 1st and ends June 30th. It includes two separate legal entities, the CDC and the Housing Authority of the County of Los Angeles. 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. We are pleased to present these annual budgets for your review.
The CDC 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 CDC. All disclosures necessary to enable the knowledgeable reader to gain and understanding of the CDC's financial activities have been included.