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Schedule 75
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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
Reconciliation of Modified Accrual Basis
to Full Accrual Basis:
Total Revenues
2,561,843
$
Total Expenses
7,073,437
Excess of Revenues Under Expenses Before
Other Financing Sources
(4,511,594)
Adjustment to Full Accrual Basis:
Depreciation/Amortization
(24,199)
Deferred Outflows of Resources for Contributions Made to
Pension Plan in Current Fiscal Year
287,638
Pension Expense
(206,415)
Increase in Accrued OPEB Actuarial Liability
(154,131)
Compensated Absences
(4,320)
Loss Before Transfers
(4,613,021)
$
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