2021 Annual Comprehensive Financial Report

Schedule 65 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, 2021

Reconciliation of Modified Accrual Basis to Full Accrual Basis: Total Revenues

$

16,642,872 15,920,537

Total Expenses

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

722,335

(3,356,574)

Compensated Absences

(7,423)

Principal - Notes and Mortgages

(755,568) (243,645)

Gain (Loss) on Disposal of Capital Assets

Deferred Outflows of Resources for Contributions Made to Pension Plan in Current Fiscal Year

64,455

Pension Expense OPEB Expense

(107,982) (25,827) 26,958 925,264

Contributions Made to OPEB Plan in Current Fiscal Year Grant Project Fund Net Revenues and Expenses

Loss Before Transfers

$

(2,758,007)

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