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Schedule D-5 <br />ORANGE COUNTY, NORTH CAROLINA <br />SECTION 8 HOUSING FUND <br />SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES <br />IN FUND BALANCE - BUDGET AND ACTUAL <br />FOR THE YEAR ENDED JUNE 30, 2012 <br />Variance <br />BudgetActualOver/Under <br />Revenues: <br />Federal grants: <br />Housing vouchers$ 4,598,183$ 4,042,427$ (555,756) <br />-524524 <br />Investment earnings <br />4,598,1834,042,951(555,232) <br />Total revenues <br />Expenditures: <br />Community and Environment: <br />Housing vouchers: <br />Administration526,004507,04118,963 <br />4,159,1764,238,686(79,510) <br />Assistance payments <br />4,685,1804,745,727(60,547) <br />Total expenditures <br />(86,997)(702,776)(615,779) <br />Revenues over (under) expenditures <br />Other Financing Sources (Uses): <br />86,99786,997- <br />Transfers in (out) <br />86,99786,997- <br />Total other financing sources (uses) <br />$ -$ (615,779) <br />Net change in fund balance(615,779) <br />Fund Balance: <br />1,184,195 <br />Beginning of year - July 1 <br />$ 568,416 <br />End of year - June 30 <br />95 <br /> <br />