2020 Comprehensive Annual Financial Report

Schedule 2 1 Page 1 of 2

Community Development Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual From Project Inception and For the Fiscal Year Ended June 30, 2020

Actual Current

Project

Prior Years

Total

Authorization

Year

To Date

Revenues:

Intergovernmental: Federal Grants

$ 15,296,294

$ 8,558,294

$

2,902,745

$ 11,461,039

Investment Income (Loss)

949,635

763,789

109,034

872,823

Charges for Current Services: Program Income Rent

356,203 3,666,367 652,485 916,614 72,034 5,664,203 500

441,941 3,522,271 659,238 870,389 97,914 5,595,753 4,000

12,756 929,927

454,697 4,452,198 659,238 870,389 103,224 6,543,746 4,000

Principal - Notes and Mortgages Targeted Loan Pool Proceeds NCHFA Willow Oaks Program Support

Sale of Real Estate Other Revenue

5,310

Total Charges for Current Services

947,993

Total Revenues

21,910,132

14,917,836

3,959,772

18,877,608

Expenditures:

Neighborhood Development: Block Grant: Administration

3,217,576 1,329,635 129,500 202,856

2,675,609

527,901 240,732 46,356

3,203,510 240,732 101,856 202,856 386,079 6,274,834 1,109,884 285,801 1,232,366 2,763,321 176,130 50,000 376,826 1,639,999 101,701 95,000

CARES Act Fair Housing

55,500 202,856 95,000

Rental Rehabilitation Target Area Personnel

95,000 5,152 651,079

Targeted Loan Pool Program

Asheboro

386,079 4,965,969 1,022,138 217,196 986,755 2,153,088 176,130 50,000 319,747 1,639,999

Section 108 Loan Principal Retirement

6,274,834 1,341,768 444,031 1,234,520 3,680,753 176,130 50,000 613,338 1,640,000 126,000

1,308,865

South Elm Street

87,746 68,605 245,611 610,233

Willow Oaks

Homelessness Prevention Homeowner Rehab Prince of Peace Shelter Renaissance Center CD Lead Remediation Section 108 Project

57,079

Homebuyer Education Program Code Compliance Boarding Section 3 Homeowner Code Compliance Housing Reclamation Program

60,698 50,000 47,127

41,003

50,000 151,656 150,641 212,780 150,651 73,000

50,000 47,757

630

Other Community Development: Kids, Inc. Day Care Federal Emergency Shelter Grant

214,114 150,651 74,991

214,114 150,651 74,991

Bessemer Shopping Center

Total Expenditures

22,000,900

15,543,647

3,234,761

18,778,408

Excess of Revenues Over (Under) Expenditures

(90,768)

(625,811)

725,011

99,200

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