2022 Annual Comprehensive Financial Report

Schedule 18

-7 7 Economic Development Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2022 Final Budget Revenues: Appropriated Fund Balance 1,201,737 $ Total Revenues 1,201,737 Other Financing Uses: Transfers Out (1,201,737) Total Other Financing Uses (1,201,737) Excess of Revenues Under Expenditures and Other Financing Uses $ Fund Balance - July 1 Fund Balance - June 30 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 Current Year Activity Fund Balance - June 30

Variance Positive (Negative)

Actual

$

$

(1,201,737)

(1,201,737)

(1,201,736) (1,201,736)

1 1

(1,201,736)

(1,201,736)

513,103

513,103

$

(688,633)

$

(688,633)

$

(688,633)

688,633

$