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Variance
<br />Final Positive
<br />Budget Actual (Negative)
<br />REVENUES
<br />Charges for services 3,690,656$ 3,835,429$ 144,773$
<br /> Total revenues 3,690,656 3,835,429 144,773
<br />EXPENDITURES
<br />Operations 2,595,950 1,863,498 732,452
<br />General and administrative 1,246,265 1,209,907 36,358
<br />Total expenditures 3,842,215 3,073,405 768,810
<br />Excess (deficiency) of revenues over (under) expenditures (151,559) 762,024 913,583
<br />OTHER FINANCING SOURCES (USES)
<br />Transfers from other funds 790,000 790,000 -
<br />Transfer to SportsPlex Capital Projects Fund (714,347) (1,059,242) (344,895)
<br />Appropriated fund balance 75,906 - (75,906)
<br />Other financing sources (uses), net 151,559 (269,242) (420,801)
<br />Revenues and other financing sources (uses)
<br />over expenditures -$ 492,782 492,782$
<br />Reconciliation from budgetary basis (modified
<br />accrual) to full accrual:
<br />SportsPlex Fund reconciling items:
<br />Deprecation expense (801,145)
<br />SportsPlex Capital Projects Fund reconciling items:
<br />Transfer from SportsPlex Operating Fund 1,059,242
<br />Interest and other charges (192,491)
<br />Change in net position - GAAP Basis 558,388$
<br />SCHEDULE OF REVENUES, EXPENDITURES, AND OTHER FINANCING
<br />SOURCES (USES) - BUDGET AND ACTUAL (NON-GAAP)
<br />FOR THE YEAR ENDED JUNE 30, 2022
<br />ORANGE COUNTY, NORTH CAROLINA
<br />SPORTSPLEX FUND
<br />110
<br />Docusign Envelope ID: 177AA06A-30B4-42FF-A85A-78B5A7C51DBE
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