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Schedule 21
Housing Partnership Revolving 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
1,754,000
$
1,770,969
$
16,969
$
Charges for Current Services:
Mortgage Collections
51,000
109,874
58,874
Sale of Real Estate
28,000
272,916
244,916
Other Revenue
3,760
571
(3,189)
Total Charges for Current Services
82,760
383,361
300,601
Investment Income
10,000
43,489
33,489
Appropriated Fund Balance
1,812,198
(1,812,198)
Total Revenues
3,658,958
2,197,819
(1,461,139)
Expenditures:
Neighborhood Development:
Administration
1,588,922
1,425,651
163,271
Homeless Prevention
524,812
449,076
75,736
Housing Programs
1,538,614
422,438
1,116,176
Capital Improvements:
Maywood Park Upgrades
6,610
6,610
Total Expenditures
3,658,958
2,303,775
1,355,183
Excess of Revenues Under Expenditures
$
(105,956)
(105,956)
Fund Balance - July 1
3,473,011
3,473,011
Fund Balance - June 30
3,367,055
$
3,367,055
$
Reconciliation of Budgetary Basis to GAAP Basis:
Excess of Revenues and Other Financing Sources Over
Expenditures and Other Financing (Uses)
3,367,055
$
Difference in Loan Treatment Required by Governmental
Accounting Standards
Beginning Balance - July 1
9,508,520
Current Year Activity
(356,053)
Fund Balance - June 30
12,519,522
$
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