2025 Annual Comprehensive Report

Schedule 21

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, 2025

Actual Current

Project

Prior Years

Total

Authorization

Year

To Date

Revenues:

Intergovernmental: Federal Grants

$ 37,695,191

$ 21,053,233

$ 1,102,679

$ 22,155,912

Investment Income (Loss)

541,438

388,467

36,878

425,345

Charges for Current Services: Principal - Notes and Mortgages

2,942,216

2,904,417

4,807,585

7,712,002

Sale of Real Estate

84,109

84,110

84,110

Program Income - Prior Years

1,503,998 186,944 4,717,267

1,498,997

1,498,997 294,919 9,590,028

Other Revenue

281,867 3,270,394

13,052

Total Charges for Current Services

6,319,634

Total Revenues

42,953,896

24,712,094

7,459,191

32,171,285

Expenditures:

Neighborhood Development: Greensboro Home Program Guilford County Home Program

37,511,011 1,210,752 574,005 2,472,375 1,185,753

19,273,594 656,222 574,005 2,472,375 1,185,752

2,534,252

21,807,846 656,222 574,005 2,472,375 1,185,752

High Point Home Program Burlington Home Program

Alamance County Home Program

Total Expenditures

42,953,896

24,161,948

2,534,252

26,696,200

Excess of Revenues Over Expenditures

$

550,146

4,924,939

5,475,085

Fund Balance - July 1

550,146

Fund Balance - June 30

$

550,146

$ 5,475,085

$ 5,475,085

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

$ 5,475,085

12,574,253

Current Year Activity Fund Balance - June 30

(300,936)

$ 17,748,402

-83-