CAFR 2017

Schedule 17 Page 2 of 2

Statement of Cash Flows Component Unit For the Fiscal Year Ended June 30, 2008

GREENSBORO TRANSIT AUTHORITY

(continued)

Reconciliation of Operating Loss to Net Cash Provided by Operating Activities: Operating Loss

$

(20,887,040)

Adjustments to Reconcile Operating Loss to Net Cash Used by Operating Activities: Depreciation

2,666,380

Change in Assets and Liabilities: Decrease in Receivables

689,312

Increase in Inventories

(5,971)

Decrease in Intergovernmental Receivables

4,540,544

Increase in Accounts Payable Increase in Annual Leave Accrual Decrease in Miscellaneous Payable

42,156 5,867

(20,099)

Other Receipts

16,874,049 24,792,238

Total Adjustments

Net Cash Provided by Operating Activities

$

3,905,198

-68-