2021 Annual Comprehensive Financial Report

Schedule 79 Page 2 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, 2021

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

3,669,686 $ 13,480,481

Total Expenses

Excess of Revenues Under Expenses Before Other Financing Sources

(9,810,795)

Adjustment to Full Accrual Basis: Depreciation/Amortization

(295,955) 291,135 1,913,239

Principal Maturities

Capital Outlay

Gain (Loss) on Disposal of Capital Assets

8,144

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

543,744 (910,247) (258,276) 269,583

Pension Expense OPEB Expense

Contributions Made to OPEB Plan in Current Fiscal Year

Compensated Absences

(1,611)

Loss Before Transfers

(8,251,039) $

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