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Schedule 23
HOME Program 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
29,651,330
$
24,298,580
$
1,897,839
$
26,196,419
$
Investment Income
343,232
262,392
17,374
279,766
Miscellaneous:
Principal - Notes and Mortgages
923,622
937,408
70,282
1,007,690
Sale of Real Estate
41,878
41,878
41,878
Other Revenue
125,638
152,320
152,320
Total Miscellaneous
1,091,138
1,131,606
70,282
1,201,888
Total Revenues
31,085,700
25,692,578
1,985,495
27,678,073
Expenditures:
Neighborhood Development:
Greensboro Home Program
20,144,259
16,311,913
1,374,569
17,686,482
Guilford County Home Program
2,278,375
1,414,039
109,656
1,523,695
High Point Home Program
2,803,214
2,803,214
2,803,214
Burlington Home Program
3,959,454
3,616,075
238,344
3,854,419
Alamance County Home Program
1,885,013
1,555,681
129,766
1,685,447
Total Expenditures
31,070,315
25,700,922
1,852,335
27,553,257
Excess of Revenues Over (Under) Expenditures
15,385
(8,344)
133,160
124,816
Other Financing Uses:
Transfers Out
(15,385)
(15,385)
(15,385)
Excess of Revenues Over (Under) Expenditures
and Other Financing Uses
$
(23,729)
133,160
109,431
Fund Balance - July 1
(23,729)
Fund Balance - June 30
(23,729)
$
109,431
$
109,431
$
Reconciliation of Budgetary Basis to GAAP Basis:
Excess of Revenues and Other Financing Sources Over
Expenditures and Other Financing (Uses)
109,431
$
Difference in Loan Treatment Required by Governmental
Accounting Standards
Beginning Balance - July 1
8,647,700
Current Year Activity
353,473
Fund Balance - June 30
9,110,604
$
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