2019 Comprehensive Annual Financial Report (CAFR)

Schedule 63 Page 1 of 2

Greensboro Transit Advisory Commission Schedule of Revenues and Expenses - Budget and Actual (Non-GAAP) For the Fiscal Year Ended June 30, 2019

Variance Positive (Negative)

Budget

Actual

Operating Revenues:

Charges for Current Services Other Operating Revenues

$ 2,269,000

$ 2,045,903

$

(223,097)

917,633 3,186,633

993,454 3,039,357

75,821

Total Operating Revenues

(147,276)

Operating Expenses: Personal Services

712,047 261,757

597,629 234,358

114,418 27,399 938,846

Fringe Benefits

Maintenance and Operations

23,510,611

22,571,765

Capital Outlay

5,000

5,000

Total Operating Expenses

24,489,415

23,408,752

1,080,663

Operating Loss

(21,302,782)

(20,369,395)

933,387

Nonoperating Revenues (Expenses): Investment Income

856,501 9,725,000 1,200,000 6,161,441 693,499

1,017,338 9,701,626 1,351,187 4,419,941 636,530

160,837 (23,374) 151,187

Property Tax Collections

Motor Vehicle Tax

State and Federal Grants

(1,741,500)

Principal - Notes and Mortgages Miscellaneous Nonoperating Revenue

(56,969)

8,889

8,889

Total Nonoperating Revenues (Expenses)

18,636,441

17,135,511

(1,500,930)

Excess of Revenues Under Expenses Before Other Financing Uses

(2,666,341)

(3,233,884)

(567,543)

Other Financing Uses: Transfers Out

(101,346)

(98,872)

2,474

Excess of Revenues Under Expenses and Other Financing Uses

(2,767,687)

(3,332,756)

(565,069)

Appropriated Fund Balance

2,767,687

(2,767,687)

Excess of Revenues Under Expenses and Other Financing Uses

$

$ (3,332,756)

$ (3,332,756)

-126-