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Sample Projects
<br />The project information below provides actual examples of the types of differences described in the
<br />abstract.
<br />Project A Revenue
<br />Alternative Financing
<br />Public School Building Funds
<br />General Fund transfer
<br />Expenditures
<br />Budget. Actual Difference
<br />$ 655,000 $ 305,000 $ (350,000)
<br />455,000 - (455,000)
<br />415.000 765,000 350.000
<br />$1,525,000 $1,070,000 $(455,000)
<br />$1,525,000 $1,522,248 $ 2,752
<br />4
<br />There are unallocated alternative financing proceeds which can be allocated to this project to make up
<br />the $350,000 shortfall in alternative financing revenue. There are no additional funds available from
<br />Public School Building Facility funds. However, some of the shortfall has already been offset by the
<br />allocation of General Fund transfer in excess of the budget. This leaves $105,000 needed to complete
<br />funding of this project after the allocation of the additional $350,000 alternative financing revenue.
<br />Project B Revenue Budget Actual Difference
<br />Alternative Financing $1,745,000 $1,745,000 -
<br />General Fund transfer 1,025,000 375,000 $ (650.000)
<br />$2,770,000 $2,120,000 $ (650,000)
<br />Expenditures $2,770,000 $2,591,775 $ 178,225
<br />There is an additional $650,000 from general fund transfer that has not been provided to fully fund the
<br />project budget. Additional revenue will need to be allocated to the project.
<br />Protect C Revenue Budget Actual Difference
<br />General Fund transfer $4,440,000 $4,440,000 -
<br />County Capital Reserve 100.000 100.000 -
<br />$4,540,000 $4,540,000 -
<br />Expenditures $4,540,000 $4,576,873 (36,873)
<br />This project has been fully funded to the budgeted amount but expenditures are $36,873 over. budget.
<br />Additional revenue will need to be budgeted and allocated to the project.
<br />Project D Revenue Budget Actual Difference
<br />2001 Park Bonds $1,750,000 $ 750,000 $(1,000,000)
<br />This project requires an additional $1 million from Park Bonds. However this additional revenue is to come from the
<br />planned future issuance of debt approved by the Board so it will be fully funded.
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