2020 Comprehensive Annual Financial Report

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, 2020

Variance Positive (Negative)

Budget

Actual

Operating Revenues:

Charges for Current Services Other Operating Revenues State and Federal Grants

$ 2,268,876

$ 1,498,173

$

(770,703)

937,754 5,729,700 8,936,330

950,800 4,537,870 6,986,843

13,046

(1,191,830) (1,949,487)

Total Operating Revenues

Operating Expenses: Personal Services

703,195 275,585

605,626 255,229

97,569 20,356

Fringe Benefits

Maintenance and Operations Total Operating Expenses

23,624,441 24,603,221

14,550,221 15,411,076

9,074,220 9,192,145

Operating Loss

(15,666,891)

(8,424,233)

7,242,658

Nonoperating Revenues (Expenses): Investment Income

794,432 9,994,000 2,522,000 1,056,000 755,568

827,202 9,921,648 2,522,000 1,040,390 693,499

32,770 (72,352) (15,610) (62,069)

Property Tax Collections Local Option Sales Tax

Motor Vehicle Tax

Principal - Notes and Mortgages Miscellaneous Nonoperating Revenue

794

794

Total Nonoperating Revenues (Expenses)

15,122,000

15,005,533

(116,467)

Excess of Revenues Over (Under) Expenses Before Other Financing Uses

(544,891)

6,581,300

7,126,191

Other Financing Uses: Transfers Out

(84,670)

(48,552)

36,118

Excess of Revenues Over (Under) Expenses and Other Financing Uses

(629,561)

6,532,748

7,162,309

Appropriated Fund Balance

629,561

(629,561)

Excess of Revenues Over Expenses and Other Financing Uses

$

$ 6,532,748

$ 6,532,748

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