2011 Annual Report to the General Assembly - Vermont Housing ...

Vermont Housing & Conservation Board
Statement of Revenues and Expenditures
From 7/1/2011 Through 12/31/2011
(In Whole Numbers)
Farmland
Trust Fund Bond HOME Program Preservation Program
Miscellaneous Grants
Total
Revenues
Loan repayment - principal 16,824 0 0 0 17,510 34,334
Loan repayment - interest 10,547 0 0 0 0 10,547
Other income 1,108 0 0 0 1,275 2,383
Interest income 4,476 0 0 0 227 4,702
Property transfer tax revenues 8,047,500 0 0 0 0 8,047,500
Mitigation Revenues 0 0 0 0 47,379 47,379
Grant revenues 100,000 0 2,337,777 1,493,750 6,253,226 10,184,753
AmeriCorps Sponsor Share 0 0 0 0 65,810 65,810
Donations 6,000 0 0 0 0 6,000
Total Revenues 8,186,455 0 2,337,777 1,493,750 6,385,426 18,403,408
Expenditures
Salaries and Related Expenditures
Salaries 303,353 0 93,096 0 295,754 692,204
Related Payroll Expenses 173,164 0 29,125 0 92,013 294,301
Total Salaries and Related Expenditures 476,517 0 122,221 0 387,767 986,505
Other Expenditures
Consulting Services 8,525 0 0 0 0 8,525
Board Expenses 4,671 0 0 0 525 5,196
Administrative Expenses 71,262 0 23,316 0 81,353 175,931
Grant & Loans 1,980,307 2,508,226 2,184,922 1,493,750 5,127,785 13,294,989
Other Direct Program Expenses 46,792 0 7,318 0 1,376,633 1,430,743
Total Other Expenditures 2,111,557 2,508,226 2,215,556 1,493,750 6,586,297 14,915,385
Total Expenditures 2,588,074 2,508,226 2,337,777 1,493,750 6,974,063 15,901,890
Operating Transfers in(out)
(484,555) 0 0 0 484,555 0
Total Operating Transfers in(out) (484,555) 0 0 0 484,555 0
Rev over (under) Exp's & Transfers 5,113,826 (2,508,226) (0) 0 (104,082) 2,501,518
Beginning Fund Balance
4,637,308 6,226,393 0 0 1,910,977 12,774,677
Total Beginning Fund Balance 4,637,308 6,226,393 0 0 1,910,977 12,774,677
Ending Fund Balance 9,751,133 3,718,167 0 0 1,806,894 15,276,195