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Exhibit A-7
Page 8 of 8
General Fund
Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended June 30, 2016
Variance with
Final Budget-
Original
Final
Positive
Budget
Budget
Actual
(Negative)
Intergovernmental:
Guilford County:
Tax Collections
1,325,000
$
990,000
$
966,170
$
23,830
$
Animal Shelter and Animal Control
653,533
653,533
612,099
41,434
Environmental Health Control
5,500
5,500
5,500
State of NC RMV Collections
335,000
334,983
17
Educational Access Guilford County Schools
65,200
65,200
60,451
4,749
Piedmont Triad Regional Council
59,327
59,327
58,517
810
Total Intergovernmental
2,108,560
2,108,560
2,032,220
76,340
Total Expenditures
239,848,627
239,939,912
230,564,467
9,375,445
Excess of Revenues Over Expenditures
21,148,879
23,138,026
27,020,146
3,882,120
Other Financing Sources (Uses):
Transfers In:
State Highway Allocation Fund
5,846,000
5,846,000
5,846,000
Special Tax Districts Fund
320,642
320,642
320,642
Street Improvements Bond Fund
720,000
720,000
720,000
Information Systems Fund
53,000
53,000
53,000
Total Transfers In
6,939,642
6,939,642
6,939,642
Transfers Out:
Cemetery Operating Fund
415,160
415,160
415,160
State and Federal Grants Fund
3,800
3,800
Debt Service Fund
18,272,570
18,272,570
18,272,570
General Capital Improvements Fund
375,000
2,360,347
2,360,347
War Memorial Coliseum Fund
2,500,000
2,500,000
2,500,000
Solid Waste Management Fund
1,805,777
1,805,777
1,805,777
Guilford Metro Communications Fund
4,720,014
4,720,014
4,720,014
Total Transfers Out
28,088,521
30,077,668
30,077,668
Total Other Financing Sources (Uses)
(21,148,879)
(23,138,026)
(23,138,026)
Excess of Revenues and Other Financing Sources
Over Expenditures and Other Financing Uses
$
$
3,882,120
3,882,120
Fund Balance - July 1
66,911,414
66,911,414
Prior Period Adjustment
6,379,625
6,379,625
Fund Balance - July 1, (restated)
73,291,039
73,291,039
Fund Balance - June 30
77,173,159
$
77,173,159
$
The notes to the financial statements are an integral part of this statement.