CAFR 2016
Schedule 21
Housing Partnership Revolving 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
1,754,000 $
1,770,969 $
$
16,969
Charges for Current Services: Mortgage Collections
51,000 28,000 3,760 82,760
109,874 272,916
58,874 244,916
Sale of Real Estate Other Revenue
571
(3,189)
Total Charges for Current Services
383,361
300,601
Investment Income
10,000
43,489
33,489
Appropriated Fund Balance
1,812,198
(1,812,198)
Total Revenues
3,658,958
2,197,819
(1,461,139)
Expenditures: Neighborhood Development: Administration
1,588,922 524,812 1,538,614
1,425,651 449,076 422,438
163,271 75,736 1,116,176
Homeless Prevention Housing Programs
Capital Improvements: Maywood Park Upgrades
6,610
6,610
Total Expenditures
3,658,958
2,303,775
1,355,183
Excess of Revenues Under Expenditures
$
(105,956)
(105,956)
Fund Balance - July 1
3,473,011
3,473,011
Fund Balance - June 30
3,367,055 $
3,367,055 $
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
3,367,055 $
9,508,520 (356,053)
Current Year Activity Fund Balance - June 30
12,519,522 $
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