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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
Expenditures (Continued):
Mary's House
58,000
$
58,000
$
$
58,000
$
Prince of Peace Shelter
199,130
199,130
199,130
Greensboro Urban Ministry
191,907
191,907
191,907
Renaissance Center
163,305
110,239
50,000
160,239
Family Service Emergency Shelter
24,751
24,751
24,751
Gulf Interfaith Emergency Shelter
16,502
16,502
16,502
Joseph's House Transition Shelter
43,881
43,881
43,881
Emergency Repair
327,837
315,220
12,617
327,837
CD Lead Remediation
807,829
620,897
4,619
625,516
Section 108 Project
1,640,000
1,639,999
1,639,999
International Civil Rights Museum
750,000
750,000
750,000
Maywood Street Demolition
39,483
39,483
39,483
Homebuyer Education Program
26,000
19,651
6,349
26,000
Code Compliance Boarding Section 3
25,000
13,335
13,335
Other Neighborhood Development:
Kids, Inc. Day Care
178,148
128,052
40,817
168,869
Camel Street Apartments 04
178,000
178,000
178,000
Home Grants 92
987,000
987,000
987,000
Home Grants 93
651,870
651,870
651,870
Home Grants 94
756,955
756,955
756,955
Home Grants 95
2,013,117
2,013,117
2,013,117
Home Grants 96
1,814,611
1,814,611
1,814,611
Home Grants 97
1,470,598
1,470,598
1,470,598
Home Grants 98
1,620,475
1,620,475
1,620,475
HOPWA
1,228,000
1,160,044
1,160,044
Federal Emergency Shelter Grant
420,468
420,468
(1,000)
419,468
Bessemer Shopping Center
73,000
74,991
74,991
Total Expenditures
44,490,615
41,131,128
2,123,699
43,254,827
Excess of Revenues Under Expenditures
(15,385)
(475,597)
(227,233)
(702,830)
Other Financing Sources (Uses):
Transfers In
15,385
15,385
15,385
Federal Loan Program-HUD
1,392,000
1,392,000
1,392,000
Payment to Escrow Agent for Refunding of Debt
(1,392,000)
(1,392,000)
(1,392,000)
Total Other Financing Sources (Uses)
15,385
15,385
15,385
Excess of Revenues and Other Financing
Sources Under Expenditures and Other
Financing (Uses)
$
(460,212)
(227,233)
(687,445)
Fund Balance - July 1
(460,212)
Fund Balance - June 30
(460,212)
$
(687,445)
$
(687,445)
$
Reconciliation of Budgetary Basis to GAAP Basis:
Excess of Revenues and Other Financing Sources Over
Expenditures and Other Financing (Uses)
(687,445)
$
Difference in Loan Treatment Required by Governmental
Accounting Standards
Beginning Balance - July 1
4,421,999
Current Year Activity
(167,652)
Fund Balance - June 30
3,566,902
$
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