2022 Annual Comprehensive Financial Report

Schedule 21 Page 2 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

(continued)

Project

Prior Years

Total

Authorization

Year

To Date

Other Financing Sources (Uses): Transfers In

$

90,768

$

90,768

$

$

90,768

Federal Loan Program-HUD

1,392,000 (1,392,000)

1,392,000 (1,392,000)

1,392,000 (1,392,000)

Payment to Escrow Agent for Refunding of Debt

Total Other Financing Sources (Uses)

90,768

90,768

90,768

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

$

(784,120)

79,444

(704,676)

Fund Balance - July 1

(784,120)

Fund Balance - June 30

$

(784,120)

$

(704,676)

$

(704,676)

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

$

(704,676)

3,659,131 (1,931,292)

Current Year Activity Fund Balance - June 30

1,023,163 $

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