2020 Comprehensive Annual Financial Report

Schedule 2 2

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, 2020

Actual Current Year

Project

Prior Years

Total To Date

Authorization

Revenues:

Intergovernmental: Federal Grants

$ 22,448,692

$ 16,558,541

$

951,006

$

17,509,547

Investment Income (Loss)

416,438

314,884

16,900

331,784

Miscellaneous: Principal - Notes and Mortgages Sale of Real Estate Other Revenue Total Miscellaneous

1,588,481 84,109 181,944 1,854,534

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

116,183

1,686,291 84,110 255,417 2,025,818

24,378 140,561

Total Revenues

24,719,664

18,758,682

1,108,467

19,867,149

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

18,153,783 1,113,245 574,005 3,264,814 1,613,817

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

1,126,341 27,386

14,244,898 635,972 574,005 2,437,867 1,174,617

High Point Home Program Burlington Home Program Alamance County Home Program

18,921 14,872

Total Expenditures

24,719,664

17,879,839

1,187,520

19,067,359

Excess of Revenues Over (Under) Expenditures

$

878,843

(79,053)

799,790

Fund Balance - July 1

878,843

Fund Balance - June 30

$

878,843

$

799,790

$

799,790

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

$

799,790

11,100,520 1,219,050 13,119,360

$

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