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Schedule 37
Neighborhood Redevelopment Bond Fund - Series 2005 and 2006A
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:
Miscellaneous:
Mortgage Collections - Rehabilitation
382,530
$
382,531
$
$
382,531
$
Interest Collected - Rehabilitation Mortgages
57,544
57,543
57,543
Sale of Real Estate
372,953
372,953
372,953
Rent - Real Estate
14,146
14,146
14,146
Other Revenue
614
22,957
22,957
Total Revenues
827,787
850,130
850,130
Expenditures:
Capital Improvements:
Neighborhood Development
3,595,572
2,637,919
123,536
2,761,455
Excess of Revenues Under Expenditures
(2,767,785)
(1,787,789)
(123,536)
(1,911,325)
Other Financing Sources (Uses):
Debt Issuances:
General Obligation Bonds Issued
2,800,000
2,800,000
2,800,000
Premium on Debt
12,075
12,075
12,075
Transfers Out
(44,290)
(44,290)
(44,290)
Total Other Financing Sources (Uses)
2,767,785
2,767,785
2,767,785
Excess of Revenues and Other Financing
Sources Over (Under) Expenditures and
Other Financing (Uses)
$
979,996
(123,536)
856,460
Fund Balance - July 1
979,996
Fund Balance - June 30
979,996
$
856,460
$
856,460
$
Reconciliation of Budgetary Basis to GAAP Basis:
Excess of Revenues and Other Financing Sources Over
Expenditures and Other Financing (Uses)
856,460
$
Difference in Loan Treatment Required by Governmental
Accounting Standards:
Beginning Balance - July 1
220,000
Current Year Activity
Fund Balance - June 30
1,076,460
$
-95-