2019 Comprehensive Annual Financial Report (CAFR)

Schedule 23

HOME Program Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual From Project Inception and For the Fiscal Year Ended June 30, 2019

Actual Current Year

Total To Date

Project

Prior Years

Authorization

Revenues:

Intergovernmental: Federal Grants

$ 16,558,541

$ 20,773,881

$ 15,076,839

$ 1,481,702

314,884

Investment Income (Loss)

386,438

303,828

11,056

Miscellaneous: Principal - Notes and Mortgages

1,570,108 84,110 231,039 1,885,257

1,455,106 84,109 181,944 1,721,159

1,440,203 84,110 208,625 1,732,938

129,905

Sale of Real Estate Other Revenue

22,414 152,319

Total Miscellaneous

1,645,077

18,758,682

Total Revenues

22,881,478

17,113,605

Expenditures: Planning and Community Development: Greensboro Home Program Guilford County Home Program

16,844,928 969,740 574,005 3,014,062 1,478,743

11,752,120 547,746 574,005 2,375,882 1,110,914

1,366,437 60,840

13,118,557 608,586 574,005 2,418,946 1,159,745

High Point Home Program Burlington Home Program

43,064 48,831

Alamance County Home Program

1,519,172

Total Expenditures

22,881,478

16,360,667

17,879,839

125,905

Excess of Revenues Over Expenditures

$

752,938

878,843

752,938

Fund Balance - July 1

$

878,843

Fund Balance - June 30

$

752,938

$

878,843

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

$

878,843

10,627,206 473,314 $ 11,979,363

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