CAFR 2017

Schedule 18 Page 2 of 2

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

Reconciliation of Modified Accrual Basis to Full Accrual Basis: Total Revenues

$

21,080,935 21,285,972

Total Expenses

Excess of Revenues Under Expenses Before Other Financing Uses

(205,037)

Adjustment to Full Accrual Basis: Depreciation

(2,008,554) 123,880 (5,867) (15,060) (536,246) (35,728) (431,249) (17,600)

Capital Outlay

Compensated Absences Inventory Gain (Loss)

Principal - Notes and Mortgages

Gain (Loss) on Disposal of Capital Assets

Transit Grant Project Funds Net Revenues and Expenses

Transfer to Federal and State Grant Fund

Loss Before Transfers

$

(3,131,461)

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