COG Comprehensive Annual Financial Report
-19- Exhibit A-7 Page 8 of 8
General Fund Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2018
Variance with Final Budget-
Original Budget
Final
Positive
Budget
Actual
(Negative)
Intergovernmental: Guilford County: Tax Collections
$
839,500 603,932
$
839,500 603,932
$
905,113 581,077
$
(65,613)
Animal Shelter and Animal Control Environmental Health Control
22,855
5,500
5,500
5,500
State of NC RMV Collections
475,000 65,200 59,327 10,500
475,000 65,200 59,327 10,500
474,366 154,086 59,396
634
Educational Access Guilford County Schools
(88,886)
Piedmont Triad Regional Council
(69)
National Guard Armory
10,500
Total Intergovernmental
2,058,959
2,058,959
2,174,038
(115,079)
Total Expenditures
250,338,412
251,031,640
241,463,264
9,568,376
Excess of Revenues Over Expenditures
33,728,440
33,735,178
32,835,722
(899,456)
Other Financing Sources (Uses): Transfers In: State Highway Allocation Fund
5,646,000
5,646,000
5,646,000
Street Improvements Bond Fund
720,000 53,000
720,000 53,000
720,000 53,000
Information Systems Fund
Total Transfers In
6,419,000
6,419,000
6,419,000
Transfers Out: Cemetery Operating Fund State and Federal Grants Fund
435,706
435,706
435,706
6,738
5,305
1,433
Debt Service Fund
25,920,000 1,275,500 2,900,000 1,830,537 7,705,125 40,147,440 80,572
25,920,000 1,275,500 2,900,000 1,830,537 7,705,125 40,154,178 80,572
25,920,000 1,275,500 2,900,000 1,830,537 7,705,125 40,152,745 80,572
General Capital Improvements Fund
Coliseum Fund
Performing Arts Fund
Solid Waste Management Fund
Guilford Metro Communications Fund
Total Transfers Out
1,433
Total Other Financing Sources (Uses)
(33,728,440)
(33,735,178)
(33,733,745)
1,433
Excess of Revenues and Other Financing Sources Under Expenditures and Other Financing Uses
$
$
(898,023)
(898,023)
Fund Balance - July 1
69,597,893
69,597,893
Fund Balance - June 30
$
68,699,870
$
68,699,870
The notes to the financial statements are an integral part of this statement.
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