Comprehensive Annual Financial Report - Cobb County

Cobb County, Georgia
Cobb Senior Services Special Revenue Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual (Budgetary Basis)
For the Fiscal Year Ended September 30, 2007
Variance with
Final Budget -
Budgeted Amounts
Positive
Original Final Actual (Negative)
Revenues:
Intergovernmental $ 1,097,697 $ 1,097,804 $ 1,111,618 $ 13,814
Charges for services 81,222 81,222 74,041 (7,181)
Miscellaneous 212,491 233,090 219,392 (13,698)
Total revenues $ 1,391,410 $ 1,412,116 $ 1,405,051 $ (7,065)
Expenditures:
Current:
Personnel services $ 3,571,553 $ 3,613,211 $ 3,509,647 $ 103,564
Operating expenditures 2,070,799 2,138,466 2,111,770 26,696
Capital outlay 10,570 62,401 60,834 1,567
Total expenditures $ 5,652,922 $ 5,814,078 $ 5,682,251 $ 131,827
(Deficiency) of revenues
(under) expenditures $ (4,261,512) $ (4,401,962) $ (4,277,200) $ 124,762
Other financing sources (uses):
Transfers in $ 4,773,757 $ 4,773,757 $ 4,377,000 $ (396,757)
Transfers out (47,814) (48,283) (48,282) 1
Total other financing sources (uses) $ 4,725,943 $ 4,725,474 $ 4,328,718 $ (396,756)
Net change in fund balance $ - $ 323,512 $ 51,518 $ (271,994)
Fund balance at beginning of year 65,490
Fund balance at end of year - budgetary basis $ 117,008
Reconciliation to GAAP basis:
Elimination of encumbrances outstanding at
end of year 29,562
Fund balance at end of year - GAAP basis $ 146,570
90