CAFR 2017

Schedule 29

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, 2017

Actual Current

Project

Prior Years

Total

Authorization

Year

To Date

Revenues:

Intergovernmental: Federal Grants

30,880,973 $

26,196,419 $

$

1,615,588

27,812,007 $

Investment Income

326,438

279,766

8,801

288,567

Miscellaneous: Principal - Notes and Mortgages

1,003,622 41,878 125,638 1,171,138

1,007,690 41,878 152,320 1,201,888

325,120

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

Sale of Real Estate Other Revenue

Total Miscellaneous

325,120

Total Revenues

32,378,549

27,678,073

1,949,509

29,627,582

Expenditures: Neighborhood Development: Greensboro Home Program

21,100,186 2,368,139 2,803,214 4,138,982 1,952,643

17,686,482 1,523,695 2,803,214 3,854,419 1,685,447

1,360,785

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

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

48,194

96,439 109,646

Total Expenditures

32,363,164

27,553,257

1,615,064

29,168,321

Excess of Revenues Over Expenditures

15,385

124,816

334,445

459,261

Other Financing Uses: Transfers Out

(15,385)

(15,385)

(15,385)

Excess of Revenues Over Expenditures and Other Financing Uses

$

109,431

334,445

443,876

Fund Balance - July 1

109,431

Fund Balance - June 30

$

109,431

$

443,876

$

443,876

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

$

443,876

9,001,173 1,721,450

Current Year Activity Fund Balance - June 30

11,166,499 $

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