2024 Annual Comprehensive Report

Schedule 38

Housing Bond Fund - Series 2016 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual From Project Inception and For the Fiscal Year Ended June 30, 2024

Actual Current

Project

Prior Years

Total

Authorization

Year

To Date

Revenues: Investment Income Expenditures: Capital Improvements:

$

$

$

22,007

$

22,007

Neighborhood Development

25,000,000

21,814,724

1,295,423

23,110,147

Excess of Revenue Under Expenditures

(25,000,000)

(21,814,724)

(1,273,416)

(23,088,140)

Other Financing Sources: Debt Issuances: General Obligation Bonds/BANs Issued

25,000,000

25,016,987

25,016,987

Premium on Debt

133,108

133,108

Total Other Financing Sources

25,000,000

25,150,095

25,150,095

Excess of Revenues and Other Financing Sources Over (Under) Expenditures

(1,273,416)

2,061,955

$

3,335,371

Fund Balance - July 1

3,335,371

Fund Balance - June 30

$ 3,335,371

$ 2,061,955

$ 2,061,955

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

$ 2,061,955

-

Current Year Activity

3,709,488

Fund Balance - June 30

$ 5,771,443

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