2024 Annual Comprehensive Report

Schedule 19

Housing Partnership Revolving Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2024

Variance Positive (Negative)

Final

Budget

Actual

Revenues: Taxes:

Ad Valorem Taxes

$ 3,699,000

$ 3,839,770

$

140,770

Charges for Current Services: Mortgage Collections

75,000 28,000 15,304 118,304

3,977,461

3,902,461

Sale of Real Estate Other Revenue

(28,000) 98,779

114,083 4,091,544

Total Charges for Current Services

3,973,240

Investment Income (Loss)

35,163

373,515

338,352

Appropriated Fund Balance

285,792

(285,792)

Total Revenues

4,138,259

8,304,829

4,166,570

Expenditures: Neighborhood Development: Administration

2,933,150 1,005,109 200,000

2,568,441 822,736

364,709 182,373 200,000

Homeless Prevention

Mass Housing Displacement Program

Total Expenditures

4,138,259

3,391,177

747,082

Excess of Revenues Over Expenditures

$

4,913,652

4,913,652

Fund Balance - July 1

3,617,219

3,617,219

Fund Balance - June 30

$ 8,530,871

$ 8,530,871

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

$ 8,530,871

16,328,492 (4,729,640) $ 20,129,723

Current Year Activity Fund Balance - June 30

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