CAFR 2017

Schedule 27

Housing Partnership Revolving Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2017

Variance Positive (Negative)

Final

Budget

Actual

Revenues: Taxes:

Ad Valorem Taxes

1,782,000 $

1,796,641 $

$

14,641

Charges for Current Services: Mortgage Collections

51,000 28,000 3,760 82,760

91,576

40,576 (28,000) (3,010)

Sale of Real Estate Other Revenue

750

Total Charges for Current Services

92,326

9,566

Investment Income

10,000

11,401

1,401

Appropriated Fund Balance

1,124,025

(1,124,025)

Total Revenues

2,998,785

1,900,368

(1,098,417)

Expenditures: Neighborhood Development: Administration

1,590,021 614,325 794,439

1,405,452 590,384 474,051

184,569 23,941 320,388

Homeless Prevention Housing Programs

Total Expenditures

2,998,785

2,469,887

528,898

Excess of Revenues Under Expenditures

$

(569,519)

(569,519)

Fund Balance - July 1

3,367,055

3,367,055

Fund Balance - June 30

2,797,536 $

2,797,536 $

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

2,797,536 $

9,152,467 217,535

Current Year Activity Fund Balance - June 30

12,167,538 $

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