2019 Comprehensive Annual Financial Report (CAFR)

-19- Exhibit A-7 Page 8 of 8

General Fund Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2019

Variance with Final Budget- Positive (Negative)

Original Budget

Final

Budget

Actual

Intergovernmental: Guilford County: Tax Collections

$

793,500 612,001

$

793,500 612,001

$

833,435 581,077

$

(39,935) 30,924 5,500 323 5,694 291 19,500 22,297

Animal Shelter and Animal Control Environmental Health Control

5,500

5,500

State of NC RMV Collections

521,000 65,200 60,000 21,000 2,078,201

521,000 65,200 60,000 21,000 2,078,201

520,677 59,506 59,709 1,500 2,055,904

Educational Access Guilford County Schools

Piedmont Triad Regional Council

National Guard Armory

Total Intergovernmental

Total Expenditures

255,766,771

256,148,071

248,743,183

7,404,888

Excess of Revenues Over Expenditures

32,995,002

32,998,566

31,913,767

(1,084,799)

Other Financing Sources (Uses): Transfers In: State Highway Allocation Fund Street Improvements Bond Fund Economic Development Fund

5,646,000 720,000 327,800

5,646,000 720,000 327,800

5,646,000 720,000 327,800 53,000 6,746,800 435,706 3,564 23,405,610 575,000 3,092,531 1,830,537 7,152,418 36,495,366

Information Systems Fund

53,000

53,000

Total Transfers In

6,746,800

6,746,800

Transfers Out: Cemetery Operating Fund State and Federal Grants Fund

435,706

435,706

3,564

Debt Service Fund

26,005,610 575,000 3,092,531 1,830,537 7,802,418 39,741,802

26,005,610 575,000 3,092,531 1,830,537 7,802,418 39,745,366

2,600,000

General Capital Improvements II Fund

Coliseum Fund

Solid Waste Management Fund Guilford Metro Communications Fund

650,000 3,250,000

Total Transfers Out

Total Other Financing Sources (Uses)

(32,995,002)

(32,998,566)

(29,748,566)

3,250,000

Excess of Revenues and Other Financing Sources Over Expenditures and Other Financing Uses

$

$

2,165,201

2,165,201

Fund Balance - July 1

68,699,870

68,699,870

Fund Balance - June 30

$

70,865,071

$

70,865,071

The notes to the financial statements are an integral part of this statement.