Page 117 - Microsoft Word - Budget FY 19

CITY OF FOREST HILL

CITY OF FOREST HILL
COMMUNITY DEVELOPMENT CORPORATION FUND (49)
SUMMARY OF REVENUES, EXPENDITURES, OTHER FINANCING SOURCES AND USES, AND
CHANGES IN FUND BALANCE
FY 2018-2019

ADOPTED
ACTUAL BUDGET ESTIMATE BUDGET
2016-17 2017-18 2017-18 2018-19

REVENUES

SALES TAXES $ 753,036 $ 725,000 $ 770,000 $ 750,000
MIXED BEVERAGE SALES TAX - - - -
INTEREST 1,865 - 4,000 2,600
MISCELLANEOUS - - - -
TOTAL REVENUES 754,901 725,000 774,000 752,600

EXPENDITURES

COMMUNITY DEVELOPMENT 160,312 171,850 130,000 87,650
PLANNING - - - -
BUILDINGS - - - -
MISCELLANEOUS - - - -

TOTAL EXPENDITURES 160,312 171,850 130,000 87,650

EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER)
EXPENDITURES 594,586 553,150 644,000 664,950

OTHER FINANCING SOURCES (USES)
TRF TO GENERAL FUND (35,000) - - (99,300)
TRF TO DEBT SERVICE FUND (429,323) (167,253) (167,753) (169,253)

NET TOTAL OTHER FINANCING SOURCES (USES) (464,323) (167,253) (167,753) (268,553)

EXCESS OF REVENUES AND OTHER FINANCING
SOURCES OVER (UNDER) EXPENDITURES

AND OTHER FINANCING USES FOR FISCAL YEAR ENDED 130,263 385,897 476,247 396,397

ACCRUAL ADJUSTMENT FOR GAAP
BEGINNING UNRESERVED FUND BALANCE, OCTOBER 1 507,107 637,370 637,370 1,113,617
ENDING UNRESERVED FUND BALANCE, SEPTEMBER 30 $ 637,370 $ 1,023,267 $ 1,113,617 $ 1,510,014

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