2023 Annual Comprehensive Report

Schedule 2 2

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, 2023

Actual Current

Project

Prior Years

Total

Authorization

Year

To Date

Revenues:

Intergovernmental: Federal Grants: WIA Adult

$ 6,327,205

$ 4,251,615

$ 1,559,901

$ 5,811,516

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

4,028,319 3,000,000 6,413,055 2,116,662 278,291

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

961,984 352,747 1,171,451 375,044

3,633,957 464,067 5,538,344 2,009,749 278,291

Wired Grants TechBoost

44,350 366,000 75,000 335,500 839,000 789,849

44,350

44,350 26,450 75,000 170,000 726,234

26,450 25,000 20,000 16,099 253,216

Bus Service 2020 WDB Bus Service

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

Finish Line Infrastructure

1,040,646

Guilford Jobs 2030

1,600,000 26,213,231

Total Federal Grants

15,056,712

4,761,892

19,818,604

State Grants:

Guilford ETWI

292,000 490,812 782,812

103,255 490,678 593,933

222,500

325,755 490,678 816,433

WDB ETWI- COVID Total State Grants

222,500

Local Grants: Mt Zion

5,000 27,500 65,000 97,500

Ready 4 School Ready 4 Life

27,500 65,000 92,500

27,500 65,000 92,500

Guilford WDB

Total Local Grants

Total Intergovernmental

27,093,543

15,650,645

5,076,892

20,727,537

Investment Income (Loss)

28,187

27,407

55,594

Charges for Current Services: Sale of Materials

46 52

46 52

Sale of Equipment Other Revenue

66,786 66,786

190,262 190,360

90,906 90,906

281,168 281,266

Total Miscellaneous

Total Revenues

27,160,329

15,869,192

5,195,205

21,064,397

Expenditures:

Economic Opportunity: WIA Adult

6,327,306 4,095,049 3,000,000 6,346,224 1,857,664 1,600,000 278,291

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

1,404,808 958,604 458,712 1,169,354 268,346

6,233,849 3,791,842 570,032 5,936,506 1,777,141 278,291 44,350 115,476 100,800 (172,292) 325,755 490,678 12,045 238,688 726,234 509,485 1,244,174 75,000 672

WIA Dislocated Worker WIA Dislocated Worker (2022)

WIA Youth

Administrative Cost Pools

Guilford Jobs 2030

Disaster Recovery - COVID

278,291 44,350 115,476 33,600 77,546 103,255 490,678 50,000

Wired Grants

44,350 66,786 366,000 324,975 292,000 490,812 75,000 5,000 27,500 400,500 839,000 723,872

Rental Expenditures

TechBoost

67,200

Guilford Apprenticeship

(249,838) 222,500

Guilford ETWI

WDB ETWI- COVID Bus Service 2020

25,000

Mt Zion

672

Ready 4 School Ready 4 Life

12,045 58,632 8,665 73,970

WDB Bus Service Finish Line Infrastructure Program Leases

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

Debt Service:

Principal Maturities

392,379 111,844

429,519 120,151 5,028,340

821,898 231,995

Interest, Fees on Long-term Debt

Total Expenditures

27,160,329

18,324,279

23,352,619

Excess of Revenues Over (Under) Expenditures

(2,455,087)

166,865

(2,288,222)

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) $

(1,210,913)

166,865

(1,044,048)

Fund Balance - July 1

(1,210,913)

Fund Balance - June 30

$ (1,210,913)

$ (1,044,048)

$ (1,044,048)

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