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Schedule 16
State Highway Allocation Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended June 30, 2016
Variance
Final
Positive
Budget
Actual
(Negative)
Revenues:
Intergovernmental:
State Powell Bill
7,475,000
$
7,412,721
$
(62,279)
$
Assessments
8,247
8,247
Investment Income
50,000
20,353
(29,647)
Miscellaneous:
Sales and Use Tax Refund
1,437
1,437
Appropriated Fund Balance
310,000
(310,000)
Total Revenues
7,835,000
7,442,758
(392,242)
Other Financing Uses:
Transfers Out
(7,835,000)
(7,835,000)
Excess of Revenues Under Other
Financing Uses
$
(392,242)
(392,242)
Fund Balance - July 1
340,309
340,309
Fund Balance - June 30
(51,933)
$
(51,933)
$
-68-