COG Comprehensive Annual Financial Report

Schedule 17 Page 1 of 2

Greensboro Transit Authority Schedule of Revenues and Expenses - Budget and Actual (Non-GAAP) For the Fiscal Year Ended June 30, 2018

Variance Positive (Negative)

Budget

Actual

Operating Revenues:

Charges for Current Services Other Operating Revenues

$ 2,367,000

$ 2,178,622

$

(188,378) 109,013 (79,365)

845,204 3,212,204

954,217 3,132,839

Total Operating Revenues

Operating Expenses: Personal Services

636,249 242,619

540,931 214,412

95,318 28,207 638,980

Fringe Benefits

Maintenance and Operations

22,812,437

22,173,457

Capital Outlay

16,462

16,462

Total Operating Expenses

23,707,767

22,945,262

762,505

Operating Loss

(20,495,563)

(19,812,423)

683,140

Nonoperating Revenues (Expenses): Investment Income

965,759 9,575,000 1,080,000 6,094,344 584,241

916,824 9,540,142 1,326,350 6,184,028 584,241

(48,935) (34,858) 246,350

Property Tax Collections

Motor Vehicle Tax

State and Federal Grants

89,684

Principal - Notes and Mortgages Miscellaneous Nonoperating Revenue Miscellaneous Nonoperating Expense

18,958

18,958

(17,670)

(17,600)

70

Total Nonoperating Revenues (Expenses)

18,281,674

18,552,943

271,269

Excess of Revenues Under Expenses Before Other Financing Uses

(2,213,889)

(1,259,480)

954,409

Other Financing Uses: Transfers Out

(30,000)

(2,832)

27,168

Excess of Revenues Under Expenses and Other Financing Uses

(2,243,889)

(1,262,312)

981,577

Appropriated Fund Balance

2,243,889

(2,243,889)

Excess of Revenues Under Expenses and Other Financing Uses

$

$ (1,262,312)

$ (1,262,312)

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