CAFR 2017

-19- 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, 2017

Variance with Final Budget-

Original Budget

Final

Positive

Budget

Actual

(Negative)

Intergovernmental: Guilford County: Tax Collections

$

1,314,500 588,931

$

889,500 588,931 425,000 65,200 59,327 10,500 5,500

$

924,277 581,077 424,316 45,049 58,968

$

(34,777)

Animal Shelter and Animal Control Environmental Health Control

7,854 5,500

5,500

State of NC RMV Collections

684

Educational Access Guilford County Schools

65,200 59,327 10,500

20,151

Piedmont Triad Regional Council

359

National Guard Armory

9,000

1,500 1,271

Total Intergovernmental

2,043,958

2,043,958

2,042,687

Total Expenditures

246,363,161

250,083,724

233,205,813

16,877,911

Excess of Revenues Over Expenditures

26,453,086

29,516,725

28,607,035

(909,690)

Other Financing Sources (Uses): Transfers In: State Highway Allocation Fund Street Improvements Bond Fund

5,646,000 720,000

5,646,000 720,000

5,346,000 720,000

(300,000)

Information Systems Fund

53,000

53,000

53,000

Total Transfers In

6,419,000

6,419,000

6,119,000

(300,000)

Transfers Out: Cemetery Operating Fund State and Federal Grants Fund

437,797

437,797

437,797

3,626

3,626

Debt Service Fund

21,238,110 1,700,000 2,700,000 1,897,393 4,898,786 32,872,086

21,238,110 1,800,000 2,700,000 1,897,393 7,858,799 35,935,725

21,238,110 1,800,000 2,700,000 1,897,393 7,858,799 35,935,725

General Capital Improvements Fund War Memorial Coliseum Fund Solid Waste Management Fund Guilford Metro Communications Fund

Total Transfers Out

Total Other Financing Sources (Uses)

(26,453,086)

(29,516,725)

(29,816,725)

(300,000)

Excess of Revenues and Other Financing Sources Under Expenditures and Other Financing Uses

$

$

(1,209,690)

(1,209,690)

Fund Balance - July 1

77,173,159

77,173,159

Prior Period Restatement

(6,365,576)

(6,365,576)

Fund Balance - July 1, (restated)

70,807,583

70,807,583

Fund Balance - June 30

$

69,597,893

$

69,597,893

The notes to the financial statements are an integral part of this statement.