2022 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, 2022

Variance with Final Budget

Original Budget

Final

Positive (Negative)

Budget

Actual

Intergovernmental: Guilford County: Tax Collections

$

874,500 752,687 525,000 65,200 61,000 19,500 5,500

$

874,500 752,687 525,000 65,200 61,000 5,500

$

1,063,181 753,687

$

(188,681)

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

(1,000) 5,500 (1,706) 6,831

526,706 58,369 61,678

Piedmont Triad Regional Council National Guard Armory Total Intergovernmental

(678)

2,500

2,500

2,303,387

2,286,387

2,463,621

(177,234)

Principal Maturities - Leases

213,002

(213,002)

Interest - Leases Total Leases

6,422

(6,422)

219,424

(219,424)

Total Expenditures

292,150,124

297,662,562

285,786,899

11,875,663

Excess of Revenues Over Expenditures

31,368,459

31,236,582

42,872,348

11,635,766

Other Financing Sources (Uses): Transfers In: State Highway Allocation Fund American Rescue Plan Act Street Improvements Bond Fund Economic Development Fund

5,646,000 4,779,805 720,000

5,646,000 4,779,805 720,000

5,646,000 2,231,732 720,000 1,201,736 9,799,468

(2,548,073)

1,201,736 (1,346,337)

Total Transfers In

11,145,805

11,145,805

Lease Liability Issued

43,783

43,783

Transfers Out: Cemetery Operating Fund State and Federal Grants Fund

435,706

435,706 13,564

435,706 13,564

Debt Service Fund

27,696,130 655,000 2,900,000 706,461 1,830,537 8,290,430 42,514,264

26,391,689 1,814,000 2,900,000 706,461 1,830,537 8,290,430 42,382,387

26,391,689 1,814,000 2,900,000 706,461 1,830,537 8,290,430 42,382,387

General Capital Improvements Fund

Coliseum Fund Park Facilities Fund

Solid Waste Management Fund Guilford Metro Communications Fund

Total Transfers Out

Total Other Financing Sources (Uses)

(31,368,459)

(31,236,582)

(32,539,136)

(1,302,554)

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

$

$

10,333,212

10,333,212

Fund Balance - July 1

92,406,730

92,406,730

102,739,942 $

102,739,942 $

Fund Balance - June 30

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

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