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 $

-73-