2021 Annual Comprehensive Financial Report

Schedule 65 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, 2021

Variance Positive (Negative)

Budget

Actual

Operating Revenues: Charges for Current Services Other Operating Revenues State and Federal Grants

1,029,500 $

$

661,975 698,535

$

(367,525) (43,650) (7,543,580) (7,954,755)

742,185 7,543,580 9,315,265

Total Operating Revenues

1,360,510

Operating Expenses: Personal Services

711,561 288,620

620,685 248,949

90,876 39,671

Fringe Benefits

Maintenance and Operations

22,733,187

15,050,903

7,682,284

Capital Outlay

57,713

57,713

Total Operating Expenses

23,791,081

15,920,537

7,870,544

Operating Loss

(14,475,816)

(14,560,027)

(84,211)

Nonoperating Revenues (Expenses): Investment Income Net Increase (Decrease) in the Fair Value of Investments

794,432

729,514

(64,918)

(44,582)

(44,582) 174,376

Property Tax Collections Local Option Sales Tax

10,029,386 2,522,000 1,056,000

10,203,762 2,522,000 1,115,288

Motor Vehicle Tax

59,288

Principal - Notes and Mortgages Miscellaneous Nonoperating Revenue

755,568

755,568

812

812

Total Nonoperating Revenues (Expenses)

15,157,386

15,282,362

124,976

Excess of Revenues Over Expenses Before Other Financing (Uses)

681,570

722,335

40,765

Other Financing (Uses): Transfers Out

(815,552)

(813,991)

1,561

Excess of Revenues Under Expenses and Other Financing (Uses)

42,326

(133,982)

(91,656)

Appropriated Fund Balance

133,982

(133,982)

Excess of Revenues Under Expenses and Other Financing (Uses)

$

$

(91,656)

$

(91,656)

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