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Schedule 13
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Greensboro Transit Authority
Schedule of Revenues and Expenses - Budget and Actual (Non-GAAP)
For the Fiscal Year Ended June 30, 2016
Variance
Positive
Budget
Actual
(Negative)
Operating Revenues:
Charges for Current Services
2,751,165
$
2,470,156
$
(281,009)
$
Other Operating Revenues
1,119,592
1,212,334
92,742
Total Operating Revenues
3,870,757
3,682,490
(188,267)
Operating Expenses:
Personal Services
669,468
536,725
132,743
Fringe Benefits
241,882
196,677
45,205
Maintenance and Operations
21,246,556
20,511,756
734,800
Capital Outlay
430,300
410,818
19,482
Total Operating Expenses
22,588,206
21,655,976
932,230
Operating Loss
(18,717,449)
(17,973,486)
743,963
Nonoperating Revenues (Expenses):
Investment Income
1,050,754
1,050,358
(396)
Property Tax Collections
8,505,000
8,497,760
(7,240)
Motor Vehicle Licenses
1,265,025
1,323,854
58,829
State and Federal Grants
6,462,719
6,147,921
(314,798)
Principal - Notes and Mortgages
536,246
492,195
(44,051)
Miscellaneous Nonoperating Revenue
45,332
45,332
Miscellaneous Nonoperating Expense
(17,670)
17,670
Total Nonoperating Revenues (Expenses)
17,802,074
17,557,420
(244,654)
Excess of Revenues Under Expenses
Before Other Financing Uses
(915,375)
(416,066)
499,309
Other Financing Uses:
Transfers Out
(599,700)
(285,529)
314,171
Excess of Revenues Under Expenses and
Other Financing Uses
(1,515,075)
(701,595)
813,480
Appropriated Fund Balance
1,515,075
(1,515,075)
Excess of Revenues Under Expenses
and Other Financing Uses
$
(701,595)
$
(701,595)
$
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