2021 Annual Comprehensive Financial Report

Schedule 37

Economic Development Bond Fund - Series 2008 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: Investment Income

$

$

$

2,869

$

2,869

Expenditures: Capital Improvements: Economic Opportunity

9,000,000 $

5,611,411 $

$

624,120

6,235,531 $

Excess of Revenues Under Expenditures

(9,000,000)

(5,611,411)

(621,251)

(6,232,662)

Other Financing Sources (Uses): Debt Issuances: General Obligation Bonds/BANs Issued

10,000,000

10,000,000

10,000,000

Premium on Debt

165,120

165,120 (683,616)

165,120 (683,616)

Transfers Out

(1,165,120)

Total Other Financing Sources (Uses)

9,000,000

9,481,504

9,481,504

Excess of Other Financing Sources Over Expenditures and Other Financing (Uses)

$

3,248,842

3,870,093

(621,251)

Fund Balance - July 1

3,870,093

Fund Balance - June 30

3,870,093 $

3,248,842 $

3,248,842 $

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

3,248,842 $

600,000

Current Year Activity Fund Balance - June 30

3,848,842 $

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