COG Comprehensive Annual Financial Report

Schedule 27

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, 2018

Actual Current Year

Total To Date

Project

Prior Years

Authorization

Revenues:

Intergovernmental: Federal Grants

$ 28,239,049

$ 32,142,132

$ 27,812,007

$

427,042

303,828

Investment Income

356,438

288,567

15,261

Miscellaneous: Principal - Notes and Mortgages

1,440,203 84,110 208,625 1,732,938

1,202,580 41,878 125,638 1,370,096

1,332,810 41,878 152,320 1,527,008

107,393 42,232 56,305 205,930

Sale of Real Estate Other Revenue

Total Miscellaneous

30,275,815

Total Revenues

33,868,666

29,627,582

648,233

Expenditures: Neighborhood Development: Greensboro Home Program

22,187,246 2,471,040 2,803,214 4,335,723 2,056,058

19,047,267 1,571,889 2,803,214 3,950,858 1,795,093

19,326,093 1,571,889 2,803,214 3,977,247 1,829,049

278,826

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

26,389 33,956

Total Expenditures

33,853,281

29,168,321

339,171

29,507,492

Excess of Revenues Over Expenditures

15,385

459,261

309,062

768,323

Other Financing Uses: Transfers Out

(15,385)

(15,385)

(15,385)

Excess of Revenues Over Expenditures and Other Financing Uses

$

443,876

752,938

309,062

Fund Balance - July 1

443,876

Fund Balance - June 30

$

443,876

$

752,938

$

752,938

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 Fund Balance - June 30

$

752,938

10,722,623 (95,417) $ 11,380,144

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