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Schedule 70
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Equipment Services Fund
Schedule of Revenues, Expenses and Changes in Fund Balance - Budget and Actual (Non-GAAP)
For the Fiscal Year Ended June 30, 2016
Variance
Positive
Budget
Actual
(Negative)
Operating Revenues:
Charges for Current Services - Internal
14,798,613
$
15,973,595
$
1,174,982
$
Charges for Current Services - External
5,000
2,063
(2,937)
Other Operating Revenues
43,500
32,779
(10,721)
Total Operating Revenues
14,847,113
16,008,437
1,161,324
Operating Expenses:
Personal Services
2,403,908
2,441,148
(37,240)
Fringe Benefits
961,757
959,483
2,274
Maintenance and Operations
4,332,389
4,481,150
(148,761)
Capital Outlay
17,963,899
13,019,222
4,944,677
Total Operating Expenses
25,661,953
20,901,003
4,760,950
Operating Loss
(10,814,840)
(4,892,566)
5,922,274
Nonoperating Revenues:
Investment Income
70,000
62,675
(7,325)
Net Increase (Decrease) in the
Fair Value of Investments
17,661
17,661
Total Investment Income
70,000
80,336
10,336
Miscellaneous Nonoperating Revenue
1,173,159
99,081
(1,074,078)
Total Nonoperating Revenues
1,243,159
179,417
(1,063,742)
Excess of Revenues Under Expenses
(9,571,681)
(4,713,149)
4,858,532
Appropriated Fund Balance
9,571,681
(9,571,681)
Excess of Revenues Under Expenses
$
(4,713,149)
$
(4,713,149)
$
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