2019 Comprehensive Annual Financial Report (CAFR)

Schedule 21

Housing Partnership Revolving Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2019

Variance Positive (Negative)

Final Budget

Actual

Revenues: Taxes:

Ad Valorem Taxes

$

1,912,000

$

1,924,177

$

12,177

Charges for Current Services: Mortgage Collections Sale of Real Estate Other Revenue

75,000 28,000 3,760 106,760

96,868

21,868 (28,000) (1,443) (7,575)

2,317 99,185

Total Charges for Current Services

Investment Income (Loss)

25,000

88,423

63,423

Appropriated Fund Balance

711,128

(711,128)

Total Revenues

2,754,888

2,111,785

(643,103)

Expenditures: Neighborhood Development: Administration Homeless Prevention Housing Programs

2,100,189 581,651 111,037

1,917,458 544,167 62,860

182,731 37,484 48,177

Total Expenditures

2,792,877

2,524,485

268,392

Excess of Revenues Under Expenditures

(37,989)

(412,700)

(374,711)

Other Financing Sources: Transfers In

37,989

37,989

Excess of Revenues and Other Financing Sources Under Expenditures

$

(374,711)

(374,711)

Fund Balance - July 1

2,515,911

2,515,911

Fund Balance - June 30

$ 2,141,200

$ 2,141,200

Reconciliation of Budgetary Basis to GAAP Basis: Excess of Revenues and Other Financing Sources Over Expenditures and Other Financing (Uses) Difference in Loan Treatment Required by Governmental Accounting Standards Beginning Balance - July 1 Current Year Activity Fund Balance - June 30

$ 2,141,200

9,266,739 1,378,855 $ 12,786,794

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