2025 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, 2025

Variance with Final Budget

Original Budget

Final

Positive (Negative)

Budget

Actual

Intergovernmental: Guilford County: Tax Collections

$

1,380,000 1,064,700

$

1,380,000 853,098

$

1,508,691 748,914

$

(128,691) 104,184 (31,959) (7,584) (2,322) 10,500 (50,372) 2,468,757 (909,806) (127,064) 1,431,887 5,500

Animal Shelter and Animal Control Environmental Health Control

5,500

5,500

State of NC RMV Collections

320,000 65,200 61,000 10,500

320,000 65,200 61,000 10,500

351,959 72,784 63,322

Educational Access Guilford County Schools

Piedmont Triad Regional Council

National Guard Armory

Total Intergovernmental

2,906,900

2,695,298

2,745,670

Other: ARPA-Enabled Projects

5,683,737

5,683,737

3,214,980 909,806 127,064 4,251,850

Principal Maturities

Interest

Total Other

5,683,737

5,683,737

Total Expenditures

373,145,170

373,385,100

367,004,709

6,380,391

Excess of Revenues Over Expenditures

55,808,931

55,757,888

41,916,819

(13,841,069)

Other Financing Sources (Uses): Debt Issuances: Lease Liability Issued IT Subscription Liability Issued Transfers In: State Highway Allocation Fund Street Improvements Bond Fund Transportation Bond Fund General Insurance Fund State and Federal Grants Fund Network Services Fund

525,677 254,868 780,545

525,677 254,868 780,545

5,646,000 500,000 720,000

5,646,000 500,000 720,000

5,646,000 500,000 507,935 212,065

(212,065) 212,065

90,000

90,000 32,239

32,239 32,239

Total Transfers In

6,866,000

6,956,000

6,988,239

Transfers Out: Cemetery Operating Fund State and Federal Grants Fund

383,061

383,061 38,957

383,061 39,078

(121)

Debt Service Fund

42,551,349 155,000 3,400,000 2,163,273 1,930,537 1,546,000 10,545,711 62,674,931

42,551,349 155,000 3,400,000 2,163,273 1,930,537 1,546,000 10,545,711 62,713,888

42,551,349 155,000 3,400,000 2,163,273 1,930,537 1,546,000 10,545,711 62,714,009

General Capital Improvements Fund

Coliseum Fund

Parking Facilities Fund

Solid Waste Management Fund

Capital Leasing Fund

Guilford Metro Communications Fund

Total Transfers Out

(121)

Total Other Financing Sources (Uses)

(55,808,931)

(55,757,888)

(54,945,225)

812,663

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

$

$

(13,028,406)

(13,028,406)

Fund Balance - July 1

123,616,114

123,616,114

Fund Balance - June 30

$ 110,587,708

$ 110,587,708

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