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Schedule 22
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Community Development Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
From Project Inception and For the Fiscal Year Ended June 30, 2016
Actual
Project
Prior
Current
Total
Authorization
Years
Year
To Date
Revenues:
Intergovernmental:
Federal Grants
37,543,733
$
33,399,500
$
1,542,700
$
34,942,200
$
Local Grants
85,637
85,637
85,637
Total Intergovernmental
37,629,370
33,485,137
1,542,700
35,027,837
Investment Income
1,074,868
994,081
25,689
1,019,770
Charges for Current Services:
Program Income
209,239
Rent
291,571
460,624
(59,374)
401,250
Principal - Notes and Mortgages
4,311,485
4,394,327
88,021
4,482,348
Targeted Loan Pool Proceeds
345,887
422,630
204,141
626,771
NCHFA Willow Oaks Program Support
500
4,000
4,000
Sale of Real Estate
460,510
725,699
95,140
820,839
Other Revenue
151,800
169,033
149
169,182
Total Charges for Current Services
5,770,992
6,176,313
328,077
6,504,390
Total Revenues
44,475,230
40,655,531
1,896,466
42,551,997
Expenditures:
Neighborhood Development:
Block Grant:
Administration
5,065,203
4,709,187
459,958
5,169,145
Community Planning
133,073
97,396
97,396
Fair Housing
239,500
221,012
221,012
Rental Rehabilitation
2,362,406
2,026,315
37,848
2,064,163
Citywide Housing Repair
40,722
40,722
40,722
Target Area Personnel
172,260
100,369
2,891
103,260
Targeted Loan Pool Program
1,268,454
1,161,903
1,161,903
Bessemer Center Redevelopment
691,000
659,389
659,389
Asheboro
1,831,509
1,652,152
179,356
1,831,508
Arlington Park
584,778
584,778
584,778
Rosewood
43,798
43,797
43,797
Section 108 Loan Principal Retirement
8,441,605
7,701,372
726,753
8,428,125
Eastside Park
629,784
632,103
632,103
Section 108 South Elm Street
50,000
50,000
50,000
South Elm Street
1,084,939
872,706
116,899
989,605
Gorrell Street
25,109
23,370
23,370
Willow Oaks
1,963,197
1,893,506
3,852
1,897,358
Housing Coalition
30,000
30,000
30,000
Homelessness Prevention
780,472
604,342
176,130
780,472
Magnolia House Motel
53,274
53,273
53,273
Episcopal Servant Center
144,913
144,913
144,913
Youth Focus
63,960
63,960
63,960
Homeowner Rehab
2,737,854
2,112,802
293,275
2,406,077
Family and Children's Services
28,742
28,742
28,742
Salvation Army
188,000
188,000
188,000
United Way
8,223
8,222
8,222
Single Family Construction RFP
14,300
14,300
14,300
Jericho House
10,608
10,608
10,608
Habitat - Holt's Chapel
65
65
65
Habitat for Humanity
15,000
15,000
15,000
Interfaith Hospitality Network
17,000
17,000
17,000
Malachi House
65,000
63,983
63,983
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