2020 Comprehensive Annual Financial Report

-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, 2020

Variance with Final Budget- Positive (Negative)

Original Budget

Final Budget

Actual

Intergovernmental: Guilford County: Tax Collections

$

869,500 692,000 525,000 65,200 61,000 19,500 5,500

$

869,500 642,250 525,000 65,200 61,000 19,500 5,500

$

911,993 691,857 526,706 59,831 60,519

$

(42,493) (49,607) 5,500 (1,706) 5,369 481 19,500 (62,956)

Animal Shelter and Animal Control Environmental Health Control State of NC RMV Collections Educational Access Guilford County Schools Piedmont Triad Regional Council National Guard Armory Total Intergovernmental

2,237,700

2,187,950

2,250,906

Total Expenditures

268,733,501

269,196,805

257,612,587

11,584,218

Excess of Revenues Over Expenditures

33,321,806

33,542,796

34,723,588

1,180,792

Other Financing Sources (Uses): Transfers In: State Highway Allocation Fund Street Improvements Bond Fund Economic Development Fund Information Systems Fund Total Transfers In Transfers Out: Cemetery Operating Fund State and Federal Grants Fund Debt Service Fund General Capital Improvements II Fund Coliseum Fund Performing Arts Fund Solid Waste Management Fund Guilford Metro Communications Fund Total Transfers Out

5,646,000 720,000 235,548 53,000 6,654,548

5,646,000 720,000 335,548 53,000 6,754,548 435,706 20,990 26,644,740 375,000 2,900,000 190,371 1,830,537 7,900,000 40,297,344

5,646,000 720,000 335,548 53,000 6,754,548 435,706 19,990 26,644,740 375,000 2,900,000 190,371 1,830,537 7,900,000 40,296,344

435,706

1,000

26,644,740 75,000 2,900,000 190,371 1,830,537 7,900,000 39,976,354

1,000

Total Other Financing Sources (Uses)

(33,321,806)

(33,542,796)

(33,541,796)

1,000

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

$

$

1,181,792

1,181,792

Fund Balance - July 1

70,865,071

70,865,071

Fund Balance - June 30

$

72,046,863

$

72,046,863

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