2022 Annual Comprehensive Financial Report

Schedule 23

Workforce Investment Act 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: WIA Adult

$

5,223,539 3,228,684 3,000,000 5,206,762 1,748,902 278,291

$

3,674,883 1,850,837 3,603,616 1,060,208 130,550

$

576,732 821,136 111,320 763,277 574,497 147,741

$

4,251,615 2,671,973 111,320 4,366,893 1,634,705 278,291

WIA Dislocated Worker WIA Dislocated Worker (2022) Administrative Cost Pools Disaster Recovery - COVID WIA Youth

Wired Grants TechBoost

44,350 183,000 75,000 252,500 839,000 789,849

44,350

44,350

Bus Service 2020 WDB Bus Service

50,000 150,000 583,628 512,722

50,000 150,000 710,135 787,430

Finish Line Infrastructure

126,507 274,708 3,395,918

Total Federal Grants

20,869,877

11,660,794

15,056,712

State Grants:

Guilford ETWI

292,000 490,812 782,812

103,255 490,678 593,933

103,255 490,678 593,933

WDB ETWI- COVID Total State Grants

Local Grants: Mt Zion

5,000

Total Intergovernmental

21,657,689

12,254,727

3,395,918

15,650,645

Investment Income (Loss)

(13,160)

41,347

28,187

Charges for Current Services: Sale of Materials

46

46 52

Sale of Equipment Other Revenue

52

66,786 66,786

161,506 161,552

28,756 28,808

190,262 190,360

Total Miscellaneous

Total Revenues

21,724,475

12,403,119

3,466,073

15,869,192

Expenditures:

Economic Opportunity: WIA Adult

5,223,539 3,295,513 3,000,000 5,139,931 1,512,154 278,292

3,675,256 1,882,190 3,599,719 1,060,362 130,550 44,350 115,476

1,153,785 951,048 111,320 1,167,433 448,433 147,741

4,829,041 2,833,238 111,320 4,767,152 1,508,795 278,291

WIA Dislocated Worker WIA Dislocated Worker (2022) Administrative Cost Pools Disaster Recovery - COVID WIA Youth

Wired Grants

44,350 66,786 183,000 324,975 292,000 490,812 75,000 252,500 839,000 701,623 5,000

44,350 115,476 33,600 77,546 103,255 490,678 50,000

Rental Expenditures

TechBoost

33,600 29,697

Guilford Apprenticeship

47,849 103,255 490,678 50,000 150,000 586,072 462,455

Guilford ETWI

WDB ETWI- COVID Bus Service 2020 WDB Bus Service Finish Line Infrastructure Program Leases Mt Zion

30,056 131,497 (26,940)

180,056 717,569 435,515 1,244,174

1,244,174

Debt Service:

Principal Maturities

392,379 111,844 5,926,067

392,379 111,844

Interest, Fees on Long-term Debt

Total Expenditures

21,724,475

12,398,212

18,324,279

Excess of Revenues Over (Under) Expenditures

4,907

(2,459,994)

(2,455,087)

Other Financing Sources: Lease Liabilities Issued

1,244,174

1,244,174

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

4,907

(1,215,820)

(1,210,913)

Fund Balance - July 1

4,907

Fund Balance - June 30

$

4,907

(1,210,913) $

(1,210,913) $

-8 3