2020 Comprehensive Annual Financial Report

Schedule 63 Page 2 of 2

Greensboro Transit Advisory Commission 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

$ 21,992,376 15,411,076

Excess of Revenues Over Expenses Before Other Financing Uses Adjustment to Full Accrual Basis: Depreciation

6,581,300

(3,668,615) 443 (83,884) (693,499) (36,315)

Compensated Absences Inventory Gain (Loss) Principal - Notes and Mortgages Gain (Loss) on Disposal of Capital Assets Deferred Outflows of Resources for Contributions Made to Pension Plan in Current Fiscal Year Pension Expense OPEB Expense Contributions Made to OPEB Plan in Current Fiscal Year Grant Project Fund Net Revenues and Expenses

55,859 (118,910)

20,039 24,446 4,001,811

Income Before Transfers

$

6,082,675

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