2020 Comprehensive Annual Financial Report

Schedule 20

Housing Partnership Revolving Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2020

Variance Positive (Negative)

Final Budget

Actual

Revenues: Taxes:

Ad Valorem Taxes

$ 1,946,000

$

1,966,616

$

20,616

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

75,000 28,000 15,304 118,304

122,605

47,605 (28,000) 33,711 53,316

49,015 171,620

Total Charges for Current Services

Investment Income (Loss)

25,000

55,621

30,621

Appropriated Fund Balance

388,221

(388,221)

Total Revenues

2,477,525

2,193,857

(283,668)

Expenditures: Neighborhood Development: Administration Homeless Prevention Housing Programs

1,901,317 567,408 8,800

1,654,445 532,334 8,800

246,872 35,074

Total Expenditures

2,477,525

2,195,579

281,946

Excess of Revenues Under Expenditures

$

(1,722)

(1,722)

Fund Balance - July 1

2,141,200

2,141,200

Fund Balance - June 30

$ 2,139,478

$ 2,139,478

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

$ 2,139,478

10,645,594 5,153,585 $ 17,938,657

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