Town of Blacksburg Adopted Operating Budget FY 2027

CDBG ENTITLEMENT FUND FIVE-YEAR SUMMARY 1

Actual 2 FY 2025

Actual FY 2023

Actual FY 2024

Budget FY 2026

Budget FY 2027

Beginning Fund Balance

-

-

-

-

-

$

$

$

$

$

REVENUES Intergovernmental Revenue

404,298 $

391,072 $

1,062,879 $

517,900 $

517,900

$

Program Income

897,069

- -

- -

- -

Transfers in

-

-

Total Revenues

404,298 $ 1,288,141 $

1,062,879 $

517,900 $

517,900

$

EXPENDITURES Operating Expenditures CDBG Project Expenditures

106,936 $

77,402 $

61,437 $

80,004 $

104,090 413,810 517,900

$

297,362 1,210,739 404,298 $ 1,288,141 $

630,786

437,896

Total Expenditures

692,223 $

517,900 $

$

Excess (Deficiency) of Revenue Over Expenditures and Transfers

-

-

370,656.00

-

-

Ending Fund Balance

-

-

-

-

$

$

$ 370,656.00 $

$

1 For comparison purposes with other fund summaries, projected and budgeted expenditures are recognized on the modified accrual basis of accounting.

2 The FY 2025 Actuals are unaudited.

132