2023 Annual Comprehensive Report

Schedule 15

State Highway Allocation Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2023

Variance Positive (Negative)

Final

Budget

Actual

Revenues:

Intergovernmental: State Powell Bill

$ 8,359,000

$ 8,261,458

$

(97,542)

Investment Income (Loss)

61,000

156,722

95,722

Miscellaneous:

Sales and Use Tax Refund

19,000

2,253

(16,747)

Appropriated Fund Balance

1,200,000

(1,200,000)

Total Revenues

9,639,000

8,420,433

(1,218,567)

Other Financing (Uses): Transfers Out Excess of Revenues Under Other Financing (Uses)

(9,639,000)

(9,579,000)

60,000

(1,158,567)

(1,158,567)

$

Fund Balance - July 1

1,205,393

1,205,393

Fund Balance - June 30

$

46,826

$

46,826

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