2021 Annual Comprehensive Financial Report

Schedule 21 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, 2021

Actual Current

Project

Prior Years

Total

Authorization

Year

To Date

Revenues:

Intergovernmental: Federal Grants

33,586,452 $

11,461,039 $

$

9,183,324

20,644,363 $

Investment Income (Loss)

999,635

872,823

62,780

935,603

Charges for Current Services: Program Income Rent Principal - Notes and Mortgages Targeted Loan Pool Proceeds

366,203 4,668,925 652,485 916,614 72,034 6,676,761 500

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

13,449 113,555

468,146 4,565,753 659,238 883,189 107,036 6,687,362 4,000

NCHFA Willow Oaks Program Support

Sale of Real Estate Other Revenue

12,800 3,812 143,616

Total Charges for Current Services

Total Revenues

41,262,848

18,877,608

9,389,720

28,267,328

Expenditures:

Neighborhood Development: Block Grant: Administration

3,723,663 1,329,635 8,949,178 7,081,066 275,000 148,000 202,856

3,203,510 240,732

434,474 827,557 6,597,398

3,637,984 1,068,289 6,597,398

CARES Act

Emergency Rental Assistance 1 Emergency Rental Assistance 2

Emergency Assistance

82,871 46,144

82,871 148,000 202,856 95,000

Fair Housing

101,856 202,856 95,000

Rental Rehabilitation Target Area Personnel

95,000 5,152 651,079 50,000 300,000 350,000 60,000 30,000

Targeted Loan Pool Program

Asheboro Phillips Ave

386,079

386,079

Neighborhood Reinvestment Smith Homes Redevelopment

Arts and Culture Eastside Park South Elm Street Willow Oaks

Section 108 Loan Principal Retirement

6,719,199 1,341,768 444,031 1,554,520 4,734,614 176,130 50,000 613,338 1,640,000 226,000 50,000 116,956

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

917,103 27,452 305,324 908,402 5,841

7,191,937 1,137,336 291,642 1,537,690 3,671,723 176,130 50,000 438,851 1,639,999 181,918 50,000 116,757

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

62,025

Homebuyer Education Program Code Compliance Boarding Section 3 Homeowner Code Compliance Other Community Development: Kids, Inc. Day Care Federal Emergency Shelter Grant

80,217

50,000 47,757

69,000

212,780 150,651 73,000

214,114 150,651 74,991

214,114 150,651 74,991

Bessemer Shopping Center

Total Expenditures

41,353,616

18,778,408

10,363,808

29,142,216

Excess of Revenues Over (Under) Expenditures

(90,768)

99,200

(974,088)

(874,888)

-77-

(continued)