Table 9 Property Tax Levies and Collections

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

Route 17 Taxing District Aviation

Budgeted Amounts Actual Variance with Budgeted Amounts Actual Variance with Original Final Amounts Final Budget Original Final Amounts Final Budget

REVENUES

Real estate taxes $ 1,989,160 $ 1,989,160 $ 2,042,667 $ 53,507 $ - $ -

Revenue from use of money and property Charges for services Intergovernmental:

Revenue from the Commonwealth Fund balance (rollover/appropriations) Total revenues - 8,765 8,765 273,480 273,480 277,524 4,044 - - - 695,000 695,000 695,897 897

- 9,027 3,420 (5,607) - 245,438 - (245,438) 1,989,160 1,989,160 2,051,432 62,272 968,480 1,222,945 976,841 (246,104)

EXPENDITURES

Current: General government administration 1,590,700 1,590,700 - 1,590,700 988,868 1,237,216 909,319 327,897 Total expenditures 1,590,700 1,590,700 - - 988,868 1,237,216 909,319 327,897

Excess (deficiency) of revenues over (under) expenditures 398,460 398,460 2,051,432 1,652,972 (20,388) (14,271) 67,522 81,793

OTHER FINANCING SOURCES (USES)

Transfers in - - - - 109,717 112,815 112,815 -

Transfers out (398,460) (398,460) (398,460) - (89,329) (98,544) (98,544) Total other financing sources (uses), net (398,460) (398,460) (398,460) - 20,388 14,271 14,271 -

Net change in fund balances $ - $ - $ 1,652,972 $ 1,652,972 $ - $ - $ 81,793 $ 81,793

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)

(continued) $ 1,652,972 -

$ 1,652,972 $ 81,793 24,968

$ 106,761