2019 Comprehensive Annual Financial Report (CAFR)

Schedule 77 Page 2 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

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

$ 3,455,728 10,778,541

Total Expenses

Excess of Revenues Under Expenses Before Other Financing Sources

(7,322,813)

Adjustment to Full Accrual Basis: Depreciation/Amortization

(360,771) 270,130

Principal Maturities

Capital Outlay

6,111

Deferred Outflows of Resources for Contributions Made in Current Fiscal Year to: Pension Plan

389,448 (470,675) (274,059) 210,492

Pension Expense OPEB Expense

Contributions Made to OPEB Plan in Current Fiscal Year

Compensated Absences

(8,961)

Loss Before Transfers

$ (7,561,098)

-152-