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Schedule 20
Special Tax Districts 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:
Taxes:
Ad Valorem Taxes
719,600
$
646,205
$
(73,395)
$
Local Option Sales Tax
129,000
157,654
28,654
Total Taxes
848,600
803,859
(44,741)
Investment Income
15,939
15,939
Appropriated Fund Balance
268,400
(268,400)
Total Revenues
1,117,000
819,798
(297,202)
Expenditures:
Neighborhood Development:
Aycock Historic District
75,000
6,522
68,478
College Hill Historic District
150,000
100,009
49,991
Business Improvement District
571,358
570,331
1,027
Total Expenditures
796,358
676,862
119,496
Excess of Revenues Over Expenditures
320,642
142,936
(177,706)
Other Financing Uses:
Transfers Out
(320,642)
(320,642)
Excess of Revenues Under Expenditures and
and Other Financing Uses
$
(177,706)
(177,706)
Fund Balance - July 1
1,460,192
1,460,192
Fund Balance - June 30
1,282,486
$
1,282,486
$
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