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Schedule 12
Page 2 of 2
Statement of Cash Flows
Component Unit
For the Fiscal Year Ended June 30, 2008
GREENSBORO
TRANSIT
(continued)
AUTHORITY
Reconciliation of Operating Loss to Net
Cash Provided by Operating Activities:
Operating Loss
(21,774,188)
$
Adjustments to Reconcile Operating
Loss to Net Cash Used by Operating Activities:
Depreciation
3,169,214
Change in Assets and Liabilities:
Decrease in Receivables
552,133
Increase in Inventories
(52,036)
Increase in Intergovernmental Receivables
(3,003,725)
Increase in Accounts Payable
105,746
Decrease in Annual Leave Accrual
(12,444)
Decrease in Miscellaneous Payable
(22,538)
Other Receipts
22,309,197
Total Adjustments
23,045,547
Net Cash Provided by Operating Activities
1,271,359
$
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