CAFR 2017

Schedule 18 Page 1 of 2

Greensboro Transit Authority Schedule of Revenues and Expenses - Budget and Actual (Non-GAAP) For the Fiscal Year Ended June 30, 2017

Variance Positive (Negative)

Budget

Actual

Operating Revenues:

Charges for Current Services Other Operating Revenues

2,764,000 $

2,332,549 $

$

(431,451)

835,204

911,203

75,999

Total Operating Revenues

3,599,204

3,243,752

(355,452)

Operating Expenses: Personal Services

479,442 189,698

457,735 173,646

21,707 16,052 483,875 16,462 538,096

Fringe Benefits

Maintenance and Operations

21,014,586

20,530,711

Capital Outlay

140,342

123,880

Total Operating Expenses

21,824,068

21,285,972

Operating Loss

(18,224,864)

(18,042,220)

182,644

Nonoperating Revenues (Expenses): Investment Income

965,759

949,918

(15,841)

Property Tax Collections Motor Vehicle Licenses State and Federal Grants

9,061,000 1,365,000 6,102,988

9,066,445 1,119,392 6,159,722

5,445

(245,608)

56,734

Principal - Notes and Mortgages Miscellaneous Nonoperating Revenue Miscellaneous Nonoperating Expense

584,241

536,246

(47,995)

5,460

5,460

(17,670)

17,670

Total Nonoperating Revenues (Expenses)

18,061,318

17,837,183

(224,135)

Excess of Revenues Under Expenses Before Other Financing Uses

(163,546)

(205,037)

(41,491)

Other Financing Uses: Transfers Out

(216,051)

(285,529)

(69,478)

Excess of Revenues Under Expenses and Other Financing Uses

(379,597)

(490,566)

(110,969)

Appropriated Fund Balance

379,597

(379,597)

Excess of Revenues Under Expenses and Other Financing Uses

$

$

(490,566)

$

(490,566)

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