2023 Annual Comprehensive Report

Schedule 2 0 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, 2023

Actual Current

(continued)

Project

Prior Years

Total

Authorization

Year

To Date

Debt Service: Principal Maturities - IT Subscriptions

$

$

$

36,000

$

36,000

Total Expenditures

49,384,421

41,021,515

2,453,523

43,475,038

Excess of Revenues Over (Under) Expenditures

(90,768)

(795,444)

612,782

(182,662)

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

IT Subscription Liability Issued

151,983 151,983

151,983 242,751

Total Other Financing Sources (Uses)

90,768

90,768

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

$

(704,676)

764,765

60,089

Fund Balance - July 1

(704,676)

Fund Balance - June 30

$

(704,676)

$

60,089

$

60,089

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

$

60,089

1,727,839 (319,237)

Current Year Activity Fund Balance - June 30

$ 1,468,691

-8 2