2022 Annual Comprehensive Financial Report

Schedule 39

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, 2022

Actual Current

Project

Prior Years

Total

Authorization

Year

To Date

Revenues: Investment Income

$

2,977

$

2,869

$

108

$

2,977

Expenditures: Capital Improvements: Economic Opportunity

6,335,531

6,235,531

100,000

6,335,531

Excess of Revenues Under Expenditures

(6,332,554)

(6,232,662)

(99,892)

(6,332,554)

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

Transfers Out

(3,832,566)

(3,148,950)

(3,832,566)

Total Other Financing Sources (Uses)

6,332,554

9,481,504

(3,148,950)

6,332,554

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

$

3,248,842

(3,248,842)

Fund Balance - July 1

3,248,842

Fund Balance - June 30

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

$

600,000 (600,000)

Current Year Activity Fund Balance - June 30

$

-104