CAFR 2016

Schedule 41

Economic Development Bond Fund - Series 2008 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

Expenditures: Capital Improvements: Economic Opportunity

9,000,000 $

3,680,868 $

$

580,131

4,260,999 $

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

10,000,000

6,000,000 165,120 (683,616)

6,000,000 165,120 (683,616)

Premium on Debt

165,120

Transfers Out

(1,165,120)

Total Other Financing Sources (Uses)

9,000,000

5,481,504

5,481,504

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

$

1,800,636

(580,131)

1,220,505

Fund Balance - July 1

1,800,636

Fund Balance - June 30

1,800,636 $

1,220,505 $

1,220,505 $

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 Current Year Activity

1,220,505 $

578,697

Fund Balance - June 30

1,799,202 $

-99-