CAFR 2016

Schedule 37

Neighborhood Redevelopment Bond Fund - Series 2005 and 2006A 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:

Miscellaneous: Mortgage Collections - Rehabilitation Interest Collected - Rehabilitation Mortgages

$

382,530 57,544 372,953 14,146

382,531 $

$

$

382,531 57,543 372,953 14,146 22,957

57,543 372,953 14,146 22,957

Sale of Real Estate Rent - Real Estate Other Revenue

614

Total Revenues

827,787

850,130

850,130

Expenditures: Capital Improvements:

Neighborhood Development

3,595,572

2,637,919

123,536

2,761,455

Excess of Revenues Under Expenditures

(2,767,785)

(1,787,789)

(123,536)

(1,911,325)

Other Financing Sources (Uses): Debt Issuances: General Obligation Bonds Issued

2,800,000

2,800,000

2,800,000

Premium on Debt

12,075 (44,290)

12,075 (44,290)

12,075 (44,290)

Transfers Out

Total Other Financing Sources (Uses)

2,767,785

2,767,785

2,767,785

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

$

979,996

(123,536)

856,460

Fund Balance - July 1

979,996

Fund Balance - June 30

979,996 $

$

856,460

$

856,460

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

$

856,460

220,000

Current Year Activity Fund Balance - June 30

1,076,460 $

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