CAFR 2016

Schedule 20

Special Tax Districts Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2016

Variance Positive (Negative)

Final

Budget

Actual

Revenues: Taxes:

Ad Valorem Taxes Local Option Sales Tax

719,600 $

$

646,205 157,654 803,859

$

(73,395) 28,654 (44,741)

129,000 848,600

Total Taxes

Investment Income

15,939

15,939

Appropriated Fund Balance

268,400

(268,400)

Total Revenues

1,117,000

819,798

(297,202)

Expenditures: Neighborhood Development: Aycock Historic District

75,000 150,000 571,358

6,522

68,478 49,991 1,027

College Hill Historic District Business Improvement District

100,009 570,331

Total Expenditures

796,358

676,862

119,496

Excess of Revenues Over Expenditures

320,642

142,936

(177,706)

Other Financing Uses: Transfers Out

(320,642)

(320,642)

Excess of Revenues Under Expenditures and and Other Financing Uses

$

(177,706)

(177,706)

Fund Balance - July 1

1,460,192

1,460,192

Fund Balance - June 30

1,282,486 $

1,282,486 $

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