HomeMy WebLinkAboutNC Comprehensive Report (Finance) (98)CITY OF NATIONAL CITY
HUD Program Income Special Revenue Fund
Schedule of Revenue, Expenditures and Changes in Fund Balance - Budget and Actual
Revenues:
Interest and rents
Total revenues
For the Year Ended June 30, 2012
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
$ 7,200 7,200 13,085 5,885
7,200 7,200 13,085 5,885
Expenditures:
Debt service:
Principal 260,000 260,000 260,000
Interest and fiscal charges 286,413 286,413 237,913 48,500
Total expenditures 546,413 546,413 497,913 48,500
Excess (deficiency) of revenues
over (under) expenditures (539,213) (539,213) (484,828) 54,385
Other financing sources (uses):
Transfers out (38,235) (38,235) (1,315,257) (1,277,022)
Total other financing sources (uses) (38,235) (38,235) (1,315,257) (1,277,022)
Net change in fund balances (577,448) (577,448) (1,800,085) (1,222,637)
Fund balance, beginning of year 1,800,085 1,800,085 1,800,085
Fund balance, end of year $ 1,222,637 1,222,637 (1,222,637)
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