CAFR 2016

Schedule 23

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, 2016

Actual Current

Project

Prior Years

Total

Authorization

Year

To Date

Revenues:

Intergovernmental: Federal Grants

29,651,330 $

24,298,580 $

$

1,897,839

26,196,419 $

Investment Income

343,232

262,392

17,374

279,766

Miscellaneous: Principal - Notes and Mortgages

923,622 41,878 125,638

937,408 41,878 152,320

70,282

1,007,690 41,878 152,320 1,201,888

Sale of Real Estate Other Revenue

Total Miscellaneous

1,091,138

1,131,606

70,282

Total Revenues

31,085,700

25,692,578

1,985,495

27,678,073

Expenditures: Neighborhood Development: Greensboro Home Program

20,144,259 2,278,375 2,803,214 3,959,454 1,885,013

16,311,913 1,414,039 2,803,214 3,616,075 1,555,681

1,374,569 109,656

17,686,482 1,523,695 2,803,214 3,854,419 1,685,447

Guilford County Home Program High Point Home Program Burlington Home Program Alamance County Home Program

238,344 129,766

Total Expenditures

31,070,315

25,700,922

1,852,335

27,553,257

Excess of Revenues Over (Under) Expenditures

15,385

(8,344)

133,160

124,816

Other Financing Uses: Transfers Out

(15,385)

(15,385)

(15,385)

Excess of Revenues Over (Under) Expenditures and Other Financing Uses

$

(23,729)

133,160

109,431

Fund Balance - July 1

(23,729)

Fund Balance - June 30

$

(23,729)

$

109,431

$

109,431

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

$

109,431

8,647,700 353,473 9,110,604

Current Year Activity Fund Balance - June 30

$

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