COG Comprehensive Annual Financial Report

-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, 2018

Variance with Final Budget-

Original Budget

Final

Positive

Budget

Actual

(Negative)

Intergovernmental: Guilford County: Tax Collections

$

839,500 603,932

$

839,500 603,932

$

905,113 581,077

$

(65,613)

Animal Shelter and Animal Control Environmental Health Control

22,855

5,500

5,500

5,500

State of NC RMV Collections

475,000 65,200 59,327 10,500

475,000 65,200 59,327 10,500

474,366 154,086 59,396

634

Educational Access Guilford County Schools

(88,886)

Piedmont Triad Regional Council

(69)

National Guard Armory

10,500

Total Intergovernmental

2,058,959

2,058,959

2,174,038

(115,079)

Total Expenditures

250,338,412

251,031,640

241,463,264

9,568,376

Excess of Revenues Over Expenditures

33,728,440

33,735,178

32,835,722

(899,456)

Other Financing Sources (Uses): Transfers In: State Highway Allocation Fund

5,646,000

5,646,000

5,646,000

Street Improvements Bond Fund

720,000 53,000

720,000 53,000

720,000 53,000

Information Systems Fund

Total Transfers In

6,419,000

6,419,000

6,419,000

Transfers Out: Cemetery Operating Fund State and Federal Grants Fund

435,706

435,706

435,706

6,738

5,305

1,433

Debt Service Fund

25,920,000 1,275,500 2,900,000 1,830,537 7,705,125 40,147,440 80,572

25,920,000 1,275,500 2,900,000 1,830,537 7,705,125 40,154,178 80,572

25,920,000 1,275,500 2,900,000 1,830,537 7,705,125 40,152,745 80,572

General Capital Improvements Fund

Coliseum Fund

Performing Arts Fund

Solid Waste Management Fund

Guilford Metro Communications Fund

Total Transfers Out

1,433

Total Other Financing Sources (Uses)

(33,728,440)

(33,735,178)

(33,733,745)

1,433

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

$

$

(898,023)

(898,023)

Fund Balance - July 1

69,597,893

69,597,893

Fund Balance - June 30

$

68,699,870

$

68,699,870

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