2021 Annual Comprehensive Financial Report

Special Revenue Funds (continued)

HOME Program Fund The purpose of the HOME Program Fund is to account for projects financed with Housing and Urban Development funds which are used for revitalization of low and moderate income areas. Workforce Investment Act The purpose of the Workforce Investment Act is to account for Department of Labor grant funds used to establish programs for employment and classroom training activities. State and Federal Grants Fund The purpose of the State and Federal Grants Fund is to account for various projects financed primarily with State or Federal aid. State and Federal Grants (ARRA) Fund The purpose of the State and Federal American Recovery and Reinvestment Act (ARRA) Grants Fund is to account for various projects financed primarily with State or Federal aid from ARRA funds. American Rescue Plan Act Fund The purpose of the American Rescue Plan Act Fund is to account for federal funds awarded to assist with the recovery of the economic and health effects of the COVID-19 pandemic. Emergency Telephone System Fund This fund accounts for the Guilford Metro 911 Emergency Telephone System that is supported by 911 surcharge fees. Emergency communications administration is recorded in the Guilford Metro Communications Internal Service Fund that is funded by contributions from the City and Guilford County.

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