CAFR 2016

Schedule 13

Page 2 of 2

Greensboro Transit Authority

Schedule of Revenues and Expenses - Budget and Actual (Non-GAAP)

For the Fiscal Year Ended June 30, 2016

Reconciliation of Modified Accrual Basis

to Full Accrual Basis:

Total Revenues

21,239,910

Total Expenses

21,655,976

Excess of Revenues Under Expenses

Before Other Financing Uses

(416,066)

Adjustment to Full Accrual Basis:

Depreciation

(2,055,970)

Capital Outlay

410,818

Compensated Absences

12,443

Inventory Gain (Loss)

(9,205)

Principal - Notes and Mortgages

(492,195)

Gain (Loss) on Disposal of Capital Assets

3,641

Transit Grant Project Funds Net Revenues and Expenses

4,060,286

Transfer to Federal and State Grant Fund

(17,670)

Income Before Transfers

1,496,082

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