MARYVILLE, Tenn. — The Maryville Housing Authority ended fiscal year 2025 in stronger financial shape, posting higher revenues, controlled expenses, and continued capital investment, according to the annual audit released by the Tennessee Comptroller.
The Authority’s net position rose to $18.1 million, a $2.39 million increase from the prior year. Operating revenues climbed to $9.67 million, driven by a sharp rise in other income. Federal grant revenue fell, but overall revenue still increased. Operating expenses grew only 1.17%, with utility costs up and maintenance costs down.
Capital improvements totaled $3.14 million, including HVAC work at Broadway Towers and plumbing upgrades at Parkside. Long‑term debt decreased slightly due to scheduled payments.
Auditors issued a qualified opinion, noting the Authority used June 2024 pension data instead of the required June 2025 measurement date. The statewide delay means the financial impact cannot be determined, but all other statements were found to be fairly presented.
About 67% of the Authority’s revenue comes from HUD, a dependency auditors say remains a key factor for future operations.
Overall, the audit shows a financially stable agency with rising reserves, active reinvestment, and a procedural pension reporting issue that did not affect the rest of the financial statements.