232 / 373
Schedule 41
Economic Development Bond Fund - Series 2008
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:
Capital Improvements:
Economic Opportunity
9,000,000
$
3,680,868
$
580,131
$
4,260,999
$
Other Financing Sources (Uses):
Debt Issuances:
General Obligation Bonds Issued
10,000,000
6,000,000
6,000,000
Premium on Debt
165,120
165,120
165,120
Transfers Out
(1,165,120)
(683,616)
(683,616)
Total Other Financing Sources (Uses)
9,000,000
5,481,504
5,481,504
Excess of Other Financing Sources
Over (Under) Expenditures and
Other Financing (Uses)
$
1,800,636
(580,131)
1,220,505
Fund Balance - July 1
1,800,636
Fund Balance - June 30
1,800,636
$
1,220,505
$
1,220,505
$
Reconciliation of Budgetary Basis to GAAP Basis:
Excess of Revenues and Other Financing Sources Over
Expenditures and Other Financing (Uses)
1,220,505
$
Difference in Loan Treatment Required by Governmental
Accounting Standards:
Beginning Balance - July 1
Current Year Activity
578,697
Fund Balance - June 30
1,799,202
$
-99-