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Schedule 11
Statement of Revenues, Expenses, and Changes in Net Position
Component Unit
For the Fiscal Year Ended June 30, 2016
GREENSBORO
TRANSIT
AUTHORITY
Operating Revenues:
Charges for Current Services
2,470,156
$
Other Operating Revenues
1,212,335
Total Operating Revenues
3,682,491
Operating Expenses:
Personal Services
547,680
Fringe Benefits
198,120
Maintenance and Operations
21,541,665
Depreciation
3,169,214
Total Operating Expenses
25,456,679
Operating Loss
(21,774,188)
Nonoperating Revenues (Expenses):
Investment Income
1,050,444
Property Tax
8,497,760
Motor Vehicle Tax
1,323,854
Grants
12,442,251
Miscellaneous Nonoperating Revenue
45,332
Inventory Gain (Loss)
(9,205)
Gain (Loss) on Disposal of Capital Assets
(62,496)
Miscellaneous Nonoperating Expense
(17,670)
Total Nonoperating Revenues (Expenses)
23,270,270
Change in Net Position
1,496,082
Net Position - July 1
64,076,059
Net Position - June 30
65,572,141
$
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