2020 Comprehensive Annual Financial Report

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, 2020

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 3,249,741 13,131 3,565,117

$

496,985 3,270,358 14,899 3,782,242

$

194,740 20,617 1,768 217,125

Operating Expenses: Personal Services Fringe Benefits

5,543,822 2,345,412 3,963,699 3,440 11,856,373

5,539,554 2,249,277 3,704,861 3,440 11,497,132

4,268 96,135 258,838

Maintenance and Operations Claims and Expenses Total Operating Expenses

359,241

Operating Loss

(8,291,256)

(7,714,890)

576,366

Nonoperating Revenues: Investment Income

52,725

37,708

(15,017)

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

(2,583) 35,125

(2,583) (17,600)

52,725

Nonoperating Expenses: Principal Maturities Interest Expense

280,440 21,810 302,250

280,436 21,806 302,242

4 4 8

Total Nonoperating Expenses

Excess of Revenues Under Expenses Before Other Financing Sources

(8,540,781)

(7,982,007)

558,774

Other Financing Sources: Transfers In

7,955,503

7,955,503

Excess of Revenues and Other Financing Sources Under Expenses

(585,278)

(26,504)

558,774

Appropriated Fund Balance

585,278

(585,278)

Excess of Revenues and Other Financing Sources Under Expenses

$

$

(26,504)

$

(26,504)

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