2023 Annual Comprehensive Report

Schedule 19

Housing Partnership Revolving 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: Taxes:

Ad Valorem Taxes

$ 3,647,000

$ 3,595,529

$

(51,471)

Charges for Current Services: Mortgage Collections

75,000 28,000 15,304 118,304

664,989

589,989 (28,000)

Sale of Real Estate Other Revenue

24,933 689,922

9,629

Total Charges for Current Services

571,618

Investment Income (Loss)

48,930

54,434

5,504

Appropriated Fund Balance

314,708

(314,708)

Total Revenues

4,128,942

4,339,885

210,943

Expenditures: Neighborhood Development: Administration

3,129,679 699,263 300,000

2,228,568 600,766 100,000

901,111 98,497 200,000

Homeless Prevention

Mass Housing Displacement Program

Total Expenditures

4,128,942

2,929,334

1,199,608

Excess of Revenues Over Expenditures

1,410,551

1,410,551

Other Financing Sources: Transfers In

1,046

1,046

Excess of Revenues and Other Financing Sources Over Expenditures

1,411,597

1,411,597

$

Fund Balance - July 1

2,205,622

2,205,622

Fund Balance - June 30

$ 3,617,219

$ 3,617,219

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

$ 3,617,219

18,076,516 (1,748,024) $ 19,945,711

Current Year Activity Fund Balance - June 30

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