2020 Comprehensive Annual Financial Report

Schedule 57 Page 2 of 2

Performing Arts Fund Schedule of Revenues and Expenses - Budget and Actual (Non-GAAP) For the Fiscal Year Ended June 30, 2020

Reconciliation of Modified Accrual Basis to Full Accrual Basis:

Total Revenues Total Expenses

$

200,909 1,496,444

Excess of Revenues Under Expenses Before Other Financing Sources

(1,295,535)

Adjustment to Full Accrual Basis: Depreciation Capital Outlay Deferred Outflows of Resources for Contributions Made to Pension Plan in Current Year Pension Expense Contributions Made to OPEB Plan in Current Fiscal Year OPEB Expense Compensated Absences Capital Project Funds Net Revenue and Expenses

(2,151,119) 75,494 28,697 (83,851) 33,052 (593,971) (31,611) 29,404,594

Income Before Transfers

$ 25,385,750

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