294 / 373
Schedule 75
Page 1 of 2
Guilford Metro Communications
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 - External
2,541,546
$
2,541,546
$
$
Other Operating Revenues
13,131
16,819
3,688
Total Operating Revenues
2,554,677
2,558,365
3,688
Operating Expenses:
Personal Services
4,692,847
4,505,126
187,721
Fringe Benefits
1,835,280
1,726,073
109,207
Maintenance and Operations
1,300,810
842,238
458,572
Total Operating Expenses
7,828,937
7,073,437
755,500
Operating Loss
(5,274,260)
(4,515,072)
759,188
Nonoperating Revenues:
Investment Income
3,500
2,657
(843)
Net Increase (Decrease) in the Fair
Value of Investments
821
821
Total Investment Income
3,500
3,478
(22)
Excess of Revenues Under Expenses Before
Other Financing Sources
(5,270,760)
(4,511,594)
759,166
Other Financing Sources:
Transfers In
4,775,517
4,775,517
Excess of Revenues and Other Financing
Sources Over (Under) Expenses
(495,243)
263,923
759,166
Appropriated Fund Balance
495,243
(495,243)
Excess of Revenues and Other Financing
Sources Over Expenses
$
263,923
$
263,923
$
-150-