2025 Annual Comprehensive Report

Schedule 19

Housing Partnership Revolving Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2025

Variance Positive (Negative)

Final

Actual

Budget

Revenues: Taxes:

Ad Valorem Taxes

$ 3,852,000

$ 3,926,262

$

74,262

Charges for Current Services: Mortgage Collections

75,000 28,000 15,304 118,304

187,595

112,595 (28,000)

Sale of Real Estate Other Revenue

17,731 205,326

2,427 87,022

Total Charges for Current Services

Investment Income (Loss)

35,163

664,217

629,054

Appropriated Fund Balance

1,848,412

(1,848,412)

Total Revenues

5,853,879

4,795,805

(1,058,074)

Expenditures:

Neighborhood Development: Administration

2,840,719 1,729,346 400,000 419,869 463,945

2,128,424 1,260,675

712,295 468,671 400,000 88,616 425,673 (15,713) (4,016)

Homeless Prevention

Mass Housing Displacement Program

Neighborhood Investment

331,253 38,272 15,713

Emergency Tenant Assistant Program

Capital Outlay Leases IT Subscription Leases

4,016

Debt Service:

Principal Retirement

3,887

(3,887)

Interest, Fees on Long-Term Debt

413

(413)

Total Expenditures

5,853,879

3,782,653

2,071,226

Excess of Revenues Over Expenditures

1,013,152

1,013,152

Other Financing Sources: Lease Liability Issued IT Subscription Liability Issued

15,713 4,016

15,713 4,016

Total Other Financing Sources

19,729

19,729

Excess of Revenues and Other Financing Sources Over Expenditures

$

1,032,881

1,032,881

Fund Balance - July 1

8,530,871

8,530,871

Fund Balance - June 30

$ 9,563,752

$ 9,563,752

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

$ 9,563,752

11,598,852

Current Year Activity Fund Balance - June 30

(313,490)

$ 20,849,114

-80