2021 Annual Comprehensive Financial Report

Schedule 22

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, 2021

Actual Current

Project

Prior Years

Total

Authorization

Year

To Date

Revenues:

Intergovernmental: Federal Grants

24,269,108 $

17,509,547 $

$

167,559

17,677,106 $

Investment Income

446,438

331,784

1,125

332,909

Miscellaneous: Principal - Notes and Mortgages

1,715,943 84,109 181,944 1,981,996

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

182,576

1,868,867 84,110 260,878 2,213,855

Sale of Real Estate Other Revenue

5,461

Total Miscellaneous

188,037

Total Revenues

26,697,542

19,867,149

356,721

20,223,870

Expenditures: Planning and Community Development: Greensboro Home Program

19,677,880 1,164,071 574,005 3,519,503 1,762,083

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

777,406 20,250

15,022,304 656,222 574,005 2,437,867 1,174,617

Guilford County Home Program High Point Home Program Burlington Home Program Alamance County Home Program

Total Expenditures

26,697,542

19,067,359

797,656

19,865,015

Excess of Revenues Over (Under) Expenditures

$

799,790

(440,935)

358,855

Fund Balance - July 1

799,790

Fund Balance - June 30

$

799,790

$

358,855

$

358,855

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

$

358,855

12,319,570

Current Year Activity Fund Balance - June 30

78,384

12,756,809 $

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