COG Comprehensive Annual Financial Report

Schedule 80 Page 1 of 2

Guilford Metro Communications Schedule of Revenues, Expenses and Changes in Fund Balance - Budget and Actual (Non-GAAP) For the Fiscal Year Ended June 30, 2018

Variance Positive (Negative)

Final Budget

Actual

Operating Revenues: Charges for Current Services - Internal Charges for Current Services - External Other Operating Revenues Total Operating Revenues

$

302,245 2,905,864 13,131 3,221,240

$

302,242 2,905,864 16,928 3,225,034

$

(3)

3,797 3,794

Operating Expenses: Personal Services Fringe Benefits

5,251,236 2,232,660 3,666,736 6,879 162,112 11,319,623

4,873,392 1,982,225 3,230,558 6,879 154,694 10,247,748

377,844 250,435 436,178

Maintenance and Operations Claims and Expenses Capital Outlay Total Operating Expenses

7,418 1,071,875

Operating Loss

(8,098,383)

(7,022,714)

1,075,669

Nonoperating Revenues: Investment Income

16,663

22,459

5,796

Net Increase (Decrease) in the Fair Value of Investments Total Investment Income

(9,545) 12,914

(9,545) (3,749)

16,663

Nonoperating Expenses: Principal Maturities Interest Expense

260,205 42,040 302,245

260,203 42,039 302,242

2 1 3

Total Nonoperating Expenses

Excess of Revenues Under Expenses Before Capital Contributions and Other Financing Sources

(8,383,965)

(7,312,042)

1,071,923

Capital Contributions

22,761

22,761

Other Financing Sources: Transfers In

7,760,628

7,760,628

Excess of Revenues, Capital Contributions and Other Financing Sources Over (Under) Expenses

(623,337)

471,347

1,094,684

Appropriated Fund Balance

623,337

(623,337)

Excess of Revenues, Capital Contributions and Other Financing Sources Over Expenses

$

$

471,347

$

471,347

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