2021 Annual Comprehensive 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, 2021

Variance Positive (Negative)

Final

Budget

Actual

Revenues: Taxes:

Ad Valorem Taxes

1,972,000 $

2,026,447 $

$

54,447

Charges for Current Services: Mortgage Collections

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

696,160

621,160 (28,000)

Sale of Real Estate Other Revenue

14,819 710,979

(485)

Total Charges for Current Services

592,675

Investment Income

35,000

554

(34,446)

Appropriated Fund Balance

389,625

(389,625)

Total Revenues

2,514,929

2,737,980

223,051

Expenditures: Neighborhood Development: Administration

1,944,839 570,090 242,344

1,621,660 514,917

323,179 55,173 242,344

Homeless Prevention

Bond Loans

Total Expenditures

2,757,273

2,136,577

620,696

Excess of Revenues Over (Under) Expenditures

(242,344)

601,403

843,747

Other Financing Sources: Transfers In

242,344

242,344

Excess of Revenues and Other Financing Sources Over Expenditures

843,747

843,747

$

Fund Balance - July 1

2,139,478

2,139,478

Fund Balance - June 30

2,983,225 $

2,983,225 $

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

2,983,225 $

15,799,179 1,195,247 19,977,651 $

Current Year Activity Fund Balance - June 30

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