Comprehensive Annual Financial Report FY 2016

-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, 2016

Variance with Final Budget-

Original Budget

Final

Positive

Budget

Actual

(Negative)

Intergovernmental: Guilford County: Tax Collections

$

1,325,000 653,533

$

990,000 653,533 335,000 65,200 59,327 5,500

$

966,170 612,099 334,983 60,451 58,517

$

23,830 41,434 5,500

Animal Shelter and Animal Control Environmental Health Control

5,500

State of NC RMV Collections

17

Educational Access Guilford County Schools

65,200 59,327

4,749

Piedmont Triad Regional Council

810

Total Intergovernmental

2,108,560

2,108,560

2,032,220

76,340

Total Expenditures

239,848,627

239,939,912

230,564,467

9,375,445

Excess of Revenues Over Expenditures

21,148,879

23,138,026

27,020,146

3,882,120

Other Financing Sources (Uses): Transfers In: State Highway Allocation Fund Special Tax Districts Fund Street Improvements Bond Fund Information Systems Fund

5,846,000 320,642 720,000

5,846,000 320,642 720,000

5,846,000 320,642 720,000

53,000

53,000

53,000

Total Transfers In

6,939,642

6,939,642

6,939,642

Transfers Out: Cemetery Operating Fund State and Federal Grants Fund

415,160

415,160

415,160

3,800

3,800

Debt Service Fund

18,272,570 375,000 2,500,000 1,805,777 4,720,014 28,088,521

18,272,570 2,360,347 2,500,000 1,805,777 4,720,014 30,077,668

18,272,570 2,360,347 2,500,000 1,805,777 4,720,014 30,077,668

General Capital Improvements Fund War Memorial Coliseum Fund Solid Waste Management Fund Guilford Metro Communications Fund

Total Transfers Out

Total Other Financing Sources (Uses)

(21,148,879)

(23,138,026)

(23,138,026)

Excess of Revenues and Other Financing Sources Over Expenditures and Other Financing Uses

$

$

3,882,120

3,882,120

Fund Balance - July 1

66,911,414

66,911,414

Prior Period Adjustment

6,379,625

6,379,625

Fund Balance - July 1, (restated)

73,291,039

73,291,039

Fund Balance - June 30

$

77,173,159

$

77,173,159

The notes to the financial statements are an integral part of this statement.