2020 Comprehensive Annual Financial Report

Schedule 77 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, 2020

Reconciliation of Modified Accrual Basis to Full Accrual Basis:

Total Revenues Total Expenses

$ 3,817,367 11,799,374

Excess of Revenues Under Expenses Before Other Financing Sources

(7,982,007)

Adjustment to Full Accrual Basis: Depreciation/Amortization Principal Maturities Gain (Loss) on Disposal of Capital Assets Deferred Outflows of Resources for Contributions Made in Current Fiscal Year to: Pension Plan

(360,771) 280,436 1,850 471,577 (933,669) (204,337) 244,464 (57,608)

Pension Expense OPEB Expense Contributions Made to OPEB Plan in Current Fiscal Year Compensated Absences

Loss Before Transfers

$ (8,540,065)

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