Comprehensive Annual Financial Report - Cobb County

Cobb County, Georgia
800 MHz 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:
Charges for services $ 501,294 $ 501,294 $ 131,388 $ (369,906)
Interest earned 15,000 15,000 178,466 163,466
Total revenues $ 516,294 $ 516,294 $ 309,854 $ (206,440)
Expenditures:
Current:
Operating expenditures $ - $ 660,370 $ 629,802 $ 30,568
Debt service:
Principal 5,133,970 5,133,970 5,133,970 -
Interest and fiscal charges 327,471 327,472 327,471 1
Total expenditures $ 5,461,441 $ 6,121,812 $ 6,091,243 $ 30,569
Excess (deficiency) of revenues over
(under) expenditures $ (4,945,147) $ (5,605,518) $ (5,781,389) $ (175,871)
Other financing sources (uses):
Transfers in $ 20,986,359 $ 22,518,630 $ 19,373,979 $ (3,144,651)
Transfer out (9,257,044) (10,058,533) (6,814,686) 3,243,847
Contingency 2,863,996 4,858,713 - (4,858,713)
Total other financing sources (uses) $ 14,593,311 $ 17,318,810 $ 12,559,293 $ (4,759,517)
Net change in fund balance $ 9,648,164 $ 11,713,292 $ 6,777,904 $ (4,935,388)
Fund balance at beginning of year 2,178,636
Fund balance at end of year - budgetary basis $ 8,956,540
Reconciliation to GAAP basis:
Elimination of encumbrances outstanding at
end of year -
Fund balance at end of year - GAAP basis $ 8,956,540
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