Table 10 Property Value and Construction

CITY OF SUFFOLK, VIRGINIA

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - BUDGETARY BASIS SPECIAL REVENUE FUNDS For the Year Ended June 30, 2022 EXHIBIT 32

Actual Variance with Original Final Amounts Final Budget

Transit

Budgeted Amounts

REVENUES

Revenue from use of money and property $ - $ - $ 5,678 $ 5,678

Charges for services Miscellaneous 43,000 43,000 64,817 21,817 4,500 4,500 9,986 5,486

Intergovernmental: Revenue from the commonwealth 373,414 1,004,425 523,027 (481,398) Revenue from the federal government 836,117 4,899,936 1,688,754 (3,211,182) Grants to be anticipated 76,060 - (76,060)

Fund balance (rollover/appropriations) 167,720 233,557 - (233,557) Total revenues 1,424,751 6,261,478 2,292,262 (3,969,216)

EXPENDITURES

Current: Transportation 2,191,127 6,429,645 2,064,644 4,365,001 Total expenditures 2,191,127 6,429,645 2,064,644 4,365,001

Deficiency of revenues under expenditures (766,376) (168,167) 227,618 395,785

OTHER FINANCING SOURCES (USES)

Transfers in 1,006,409 1,008,200 1,008,200 -

Transfers out (240,033) (840,033) (840,033) Total other financing sources, net 766,376 168,167 168,167 -

Net change in fund balances $ - $ - $ 395,785 $ 395,785

Reconciliation to Governmental Fund Statement:

Total net change in fund balance Encumbrances

Total net change in fund balance per Statement of

Revenues, Expenditures and Changes in Fund Balance (Exhibit 30) $ 395,785 19,254

$ 415,039