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Variance
<br />Final Positive
<br />Budget Actual (Negative)
<br />REVENUES
<br />Charges for services 4,756,865$ 4,769,351$ 12,486$
<br /> Total revenues 4,756,865 4,769,351 12,486
<br />EXPENDITURES
<br />Operations 2,208,398 1,978,902 229,496
<br />General and administrative 1,649,373 1,635,291 14,082
<br />Total expenditures 3,857,771 3,614,193 243,578
<br />Excess of revenues over expenditures 899,094 1,155,158 256,064
<br />OTHER FINANCING SOURCES (USES)
<br />Transfer to SportsPlex Capital Projects Fund (975,000) (975,000) -
<br />Appropriated fund balance 75,906 - (75,906)
<br />Other financing sources (uses), net (899,094) (975,000) (75,906)
<br />Excess of revenues and other financing (uses)
<br /> over expenditures -$ 180,158 180,158$
<br />Reconciliation from budgetary basis (modified
<br />accrual) to full accrual:
<br />SportsPlex Fund reconciling items:
<br />Deprecation expense (503,366)
<br />SportsPlex Capital Projects Fund reconciling items:
<br />Transfer from SportsPlex Operating Fund 975,000
<br />Investment earnings 2,568
<br />Interest and other charges (142,950)
<br />Change in net position - GAAP Basis 511,410$
<br />SCHEDULE OF REVENUES, EXPENDITURES, AND OTHER FINANCING
<br />SOURCES (USES) - BUDGET AND ACTUAL (NON-GAAP)
<br />FOR THE YEAR ENDED JUNE 30, 2023
<br />ORANGE COUNTY, NORTH CAROLINA
<br />SPORTSPLEX FUND
<br />115
<br />Docusign Envelope ID: 177AA06A-30B4-42FF-A85A-78B5A7C51DBE
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