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Schedule B-5
<br />ORANGE COUNTY, NORTH CAROLINA
<br />SPORTSPLEX FUND
<br />Positive
<br />(Negative)
<br />REVENUES
<br />Charges for services $ 3,796,991 $ 2,727,377 $ (1,069,614)
<br /> Total revenues 3,796,991 2,727,377 (1,069,614)
<br />EXPENDITURES
<br />Operations 3,130,278 1,350,560 1,779,718
<br />General and administrative 1,286,687 928,238 358,449
<br />Total expenditures 4,416,965 2,278,798 2,138,167
<br />Revenues over (under) expenditures (619,974) 448,579 1,068,553
<br />OTHER FINANCING SOURCES (USES)
<br />Transfers from other funds 790,000 - (790,000)
<br />Transfer to SportsPlex Capital Projects Fund (723,852) (723,852) -
<br />Appropriated fund balance 553,826 - (553,826)
<br />Other financing sources (uses), net 619,974 (723,852) (1,343,826)
<br />Revenues and other financing sources (uses)
<br />over expenditures $- (275,273) $ (275,273)
<br />Reconciliation from budgetary basis (modified
<br />accrual) to full accrual:
<br />SportsPlex Fund reconciling items:
<br />Deprecation expense (498,357)
<br />SportsPlex Capital Projects Fund reconciling items:
<br />Transfer from SportsPlex Operating Fund 723,852
<br />Noncapitalized expenditures (191,325)
<br />Interest and other charges (235,770)
<br />Change in net position - GAAP Basis $ (476,873)
<br />SCHEDULE OF REVENUES, EXPENDITURES, AND OTHER FINANCING
<br />SOURCES (USES) - BUDGET AND ACTUAL (NON-GAAP)
<br />FOR THE YEAR ENDED JUNE 30, 2021
<br />Variance
<br />Final
<br />Budget Actual
<br />99
<br />Docusign Envelope ID: 177AA06A-30B4-42FF-A85A-78B5A7C51DBE
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