2024 Annual Comprehensive Report

Schedule 21

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, 2024

Actual Current

Project

Prior Years

Total

Authorization

Year

To Date

Revenues:

Intergovernmental: Federal Grants

$ 36,394,383

$ 19,130,880

$ 1,922,353

$ 21,053,233

Investment Income

531,438

367,795

20,672

388,467

Charges for Current Services: Principal - Notes and Mortgages

2,223,695

2,309,611

594,806

2,904,417

Sale of Real Estate

84,109

84,110

84,110

Program Income - Prior Years

1,498,998 186,944 3,993,746

Other Revenue

274,217 2,667,938

7,650

281,867 3,270,394

Total Charges for Current Services

602,456

Total Revenues

40,919,567

22,166,613

2,545,481

24,712,094

Expenditures:

Neighborhood Development: Greensboro Home Program Guilford County Home Program

35,367,238 1,320,196 574,005 2,472,375 1,185,753

16,626,711 656,222 574,005 2,472,375 1,185,752

2,646,883

19,273,594 656,222 574,005 2,472,375 1,185,752

High Point Home Program Burlington Home Program

Alamance County Home Program

Total Expenditures

40,919,567

21,515,065

2,646,883

24,161,948

Excess of Revenues Over (Under) Expenditures

$

651,548

(101,402)

550,146

Fund Balance - July 1

651,548

Fund Balance - June 30

$

651,548

$

550,146

$

550,146

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

$

550,146

12,260,153

Current Year Activity Fund Balance - June 30

314,100

$ 13,124,399

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