COG Comprehensive Annual Financial Report

Schedule 80 Page 2 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

Reconciliation of Modified Accrual Basis to Full Accrual Basis: Total Revenues

$ 3,237,948 10,549,990

Total Expenses

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

(7,312,042)

Adjustment to Full Accrual Basis: Depreciation/Amortization

(392,831) 260,203 154,694 361,364 (373,007) (375,498) (15,908)

Principal Maturities

Capital Outlay

Deferred Outflows of Resources for Contributions Made to Pension Plan in Current Fiscal Year

Pension Expense OPEB Expense

Compensated Absences

Loss Before Transfers

$ (7,693,025)

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