2024 Annual Comprehensive Report

-21 Exhibit A-7 Page 8 of 8

General Fund Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2024

Variance with Final Budget

Original Budget

Final

Positive (Negative)

Budget

Actual

Intergovernmental: Guilford County: Tax Collections

$

1,075,000 956,657

$

1,075,000 956,657

$

1,074,086 846,417

$

914

Animal Shelter and Animal Control Environmental Health Control

110,240

5,500

5,500

5,500

State of NC RMV Collections

525,000 65,200 61,000 10,500

525,000 65,200 61,000 10,500

606,234 43,714 62,823

(81,234) 21,486 (1,823) 10,500 65,583

Educational Access Guilford County Schools

Piedmont Triad Regional Council

National Guard Armory

Total Intergovernmental

2,698,857

2,698,857

2,633,274

Other: ARPA-Enabled Projects

2,612,238

10,474,917

4,533,324 878,920

5,941,593 (878,920) (93,305) 4,969,368

Principal Maturities

Interest

93,305

Total Other

2,612,238

10,474,917

5,505,549

Total Expenditures

351,502,442

359,417,230

344,463,442

14,953,788

Excess of Revenues Over Expenditures

55,876,884

58,381,820

51,706,147

(6,675,673)

Other Financing Sources (Uses): Debt Issuances: Lease Liability Issued IT Subscription Liability Issued

2,946,211

2,946,211

59,811

59,811

3,006,022

3,006,022

Transfers In: State Highway Allocation Fund Employee Health Insurance Fund Street Improvements Bond Fund

5,646,000 300,000 720,000 6,666,000

5,646,000 300,000 720,000 6,666,000

5,646,000 300,000 720,000 6,666,000

Total Transfers In

Transfers Out: Cemetery Operating Fund State and Federal Grants Fund

501,061

501,061

501,061

4,936

4,936

Debt Service Fund

41,350,000

41,350,000 2,650,000 3,400,000 3,563,273 1,930,537 1,500,000 10,148,013 65,047,820

41,350,000 2,650,000 3,400,000 3,563,273 1,930,537 800,000 10,148,013 64,395,907 48,087

General Capital Improvements Fund

150,000

Fire Station Bond Coliseum Fund

(48,087)

3,400,000 3,563,273 1,930,537 1,500,000 10,148,013 62,542,884

Parking Facilities Fund

Solid Waste Management Fund

Capital Leasing Fund

700,000

Guilford Metro Communications Fund

Total Transfers Out

651,913

Total Other Financing Sources (Uses)

(55,876,884)

(58,381,820)

(54,723,885)

3,657,935

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

$

$

(3,017,738)

(3,017,738)

Fund Balance - July 1

126,633,852

126,633,852

Fund Balance - June 30

$ 123,616,114

$ 123,616,114

The notes to the financial statements are an integral part of this statement.