2021 Annual Comprehensive Financial Report

-19 Exhibit A-7 Page 8 of 8

General Fund Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2021

Variance with Final Budget

Original Budget

Final

Positive (Negative)

Budget

Actual

Intergovernmental: Guilford County: Tax Collections

$

874,500 692,000 525,000 65,200 61,000 19,500 5,500

$

874,500 692,000 525,000 65,200 61,000 19,500 5,500

$

982,552 632,199 526,706 58,929 61,380

$

(108,052)

Animal Shelter and Animal Control Environmental Health Control State of NC RMV Collections Educational Access Guilford County Schools

59,801 5,500 (1,706)

6,271

Piedmont Triad Regional Council National Guard Armory Total Intergovernmental

(380)

19,500 (19,066)

2,242,700

2,242,700

2,261,766

Total Expenditures

273,374,363

273,384,484

260,599,141

12,785,343

Excess of Revenues Over Expenditures

32,144,397

33,159,257

53,274,125

20,114,868

Other Financing Sources (Uses): Transfers In: State Highway Allocation Fund Street Improvements Bond Fund

5,646,000 720,000 6,366,000

5,646,000 720,000 6,366,000

5,390,744 720,000 6,110,744

(255,256)

Total Transfers In

(255,256)

Transfers Out: Cemetery Operating Fund State and Federal Grants Fund

435,706

435,706 19,879

435,706 19,624

255

Debt Service Fund Fire Station Bond Fund

24,790,423

24,790,423 994,981 3,400,000 1,830,537 8,053,731 39,525,257

24,790,423 994,981 2,900,000 1,830,537 8,053,731 39,025,002

Coliseum Fund

3,400,000 1,830,537 8,053,731 38,510,397

500,000

Solid Waste Management Fund Guilford Metro Communications Fund

Total Transfers Out

500,255

Total Other Financing Sources (Uses)

(32,144,397)

(33,159,257)

(32,914,258)

244,999

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

$

$

20,359,867

20,359,867

Fund Balance - July 1

72,046,863

72,046,863

Fund Balance - June 30

$

92,406,730

$

92,406,730

The notes to the financial statements are an integral part of this statement.

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