2019 Comprehensive Annual Financial Report (CAFR)

Schedule 77 Page 1 of 2

Guilford Metro Communications Schedule of Revenues, Expenses and Changes in Fund Balance - Budget and Actual (Non-GAAP) For the Fiscal Year Ended June 30, 2019

Variance Positive (Negative)

Final Budget

Actual

Operating Revenues: Charges for Current Services - Internal Charges for Current Services - External Other Operating Revenues Total Operating Revenues

$

302,245 3,074,239 13,131 3,389,615

$

302,242 3,074,239 14,631 3,391,112

$

(3)

1,500 1,497

Operating Expenses: Personal Services Fringe Benefits

5,314,770 2,134,860 3,759,063 3,440 6,112 11,218,245

5,113,138 2,065,558 3,288,052 3,440 6,111 10,476,299

201,632 69,302 471,011 1 741,946

Maintenance and Operations Claims and Expenses Capital Outlay Total Operating Expenses

Operating Loss

(7,828,630)

(7,085,187)

743,443

Nonoperating Revenues: Investment Income

19,650

46,402

26,752

Net Increase (Decrease) in the Fair Value of Investments Total Investment Income

18,214 64,616

18,214 44,966

19,650

Nonoperating Expenses: Principal Maturities Interest Expense

270,130 32,115 302,245

270,130 32,112 302,242

3 3

Total Nonoperating Expenses

Excess of Revenues Under Expenses Before Other Financing Sources

(8,111,225)

(7,322,813)

788,412

Other Financing Sources: Transfers In

7,857,921

7,207,921

(650,000)

Excess of Revenues and Other Financing Sources Under Expenses

(253,304)

(114,892)

138,412

Appropriated Fund Balance

253,304

(253,304)

Excess of Revenues and Other Financing Sources Under Expenses

$

$

(114,892)

$

(114,892)

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