2022 Annual Comprehensive Financial Report

Schedule 21 Page 1 of 2

Community Development Fund 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:

Intergovernmental: Federal Grants

36,367,203 $

20,644,363 $

10,478,585 $

31,122,948 $

Investment Income

1,049,635

935,603

325,633

1,261,236

Charges for Current Services: Program Income Rent Principal - Notes and Mortgages Targeted Loan Pool Proceeds

376,203 4,758,925 652,485

468,146 4,565,753 659,238

15,300 291,224

483,446 4,856,977 659,238 885,204 843,936 109,086 7,841,887 4,000

NCHFA Willow Oaks Program Support

500

4,000

Sale of Real Estate Legal Restitution Other Revenue

916,614

883,189

2,015

843,936

72,034

107,036 6,687,362

2,050

Total Charges for Current Services

6,776,761

1,154,525

Total Revenues

44,193,599

28,267,328

11,958,743

40,226,071

Expenditures:

Neighborhood Development: Block Grant: Administration

4,319,547 1,329,635 9,386,631 7,081,066 275,000 166,500 202,856

3,637,984 1,068,289 6,597,398

564,957 127,555 2,347,145 6,923,549

4,202,941 1,195,844 8,944,543 6,923,549 131,397 158,215 202,856

CARES Act

Emergency Rental Assistance 1 Emergency Rental Assistance 2

Emergency Assistance

82,871 148,000 202,856 95,000

48,526 10,215

Fair Housing

Rental Rehabilitation Target Area Personnel

95,000 5,152 486,079 244,496 588,526 60,000 30,000

95,000

Targeted Loan Pool Program

Asheboro

386,079

386,079

Neighborhood Reinvestment Smith Homes Redevelopment

Arts and Culture Eastside Park South Elm Street Willow Oaks

58,926 10,400 943,837

58,926 10,400

Section 108 Loan Principal Retirement

7,696,656 1,341,768 444,031 1,874,520 5,248,049 176,130 50,000 613,338 1,640,000 326,000 50,000 116,956

7,191,937 1,137,336 291,642 1,537,690 3,671,723 176,130 50,000 438,851 1,639,999 181,918 50,000 116,757

8,135,774 1,138,865 291,103 1,853,790 4,041,272 176,130 50,000 529,456 1,639,999 248,701 50,000 116,757

1,529

(539)

Homelessness Prevention Homeowner Rehab Prince of Peace Shelter Renaissance Center CD Lead Remediation Section 108 Project

316,100 369,549

90,605

Homebuyer Education Program Code Compliance Boarding Section 3 Homeowner Code Compliance Other Community Development: Kids, Inc. Day Care Federal Emergency Shelter Grant

66,783

212,780 150,651 73,000

214,114 150,651 74,991

162

214,276 150,651 74,991

Bessemer Shopping Center

Total Expenditures

44,284,367

29,142,216

11,879,299

41,021,515

Excess of Revenues Over (Under) Expenditures

(90,768)

(874,888)

79,444

(795,444)

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