2023 Annual Comprehensive Report

Schedule 2 1

-8 3 HOME Program 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 Project Authorization Revenues: Intergovernmental: Federal Grants $ 34,721,346 Investment Income 506,438 Miscellaneous: Principal - Notes and Mortgages 2,153,695 Sale of Real Estate 84,109 Other Revenue 181,944 Total Miscellaneous 2,419,748 Total Revenues 37,647,532 Expenditures: Neighborhood Development: Greensboro Home Program 30,064,732 Guilford County Home Program 1,320,196 High Point Home Program 574,005 Burlington Home Program 3,782,802 Alamance County Home Program 1,905,797 Total Expenditures 37,647,532 Excess of Revenues Over Expenditures $ Fund Balance - July 1 Fund Balance - June 30 $ 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 Current Year Activity Fund Balance - June 30

Actual Current

Prior Years

Total

Year

To Date

$ 18,926,092

$

204,788

$ 19,130,880

356,255

11,540

367,795

2,147,371 84,110 267,620 2,499,101

162,240

2,309,611 84,110 274,217 2,667,938

6,597

168,837

21,781,448

385,165

22,166,613

16,346,923 656,222 574,005 2,472,375 1,185,752

279,788

16,626,711 656,222 574,005 2,472,375 1,185,752

21,235,277

279,788

21,515,065

546,171

105,377

651,548

546,171

546,171

$

651,548

$

651,548

$

651,548

12,091,890

168,263

$ 12,911,701