2022 Annual Comprehensive Financial Report

Schedule 79 Page 1 of 2

-16 3 Guilford Metro Communications Schedule of Revenues, Expenses and Changes in Fund Balance - Budget and Actual (Non-GAAP) For the Fiscal Year Ended June 30, 2022 Final Budget Actual Operating Revenues: Charges for Current Services - Internal 524,315 $ $ Charges for Current Services - External 3,316,799 Other Operating Revenues 13,131 Total Operating Revenues 3,854,245 Operating Expenses: Personal Services 6,131,904 Fringe Benefits 2,608,334 Maintenance and Operations 3,791,749 Claims and Expenses 3,440 Capital Outlay 119,980 Total Operating Expenses 12,655,407 Operating Loss (8,801,162) Nonoperating Revenues: Investment Income 56,550 Net Increase (Decrease) in the Fair Value of Investments Total Investment Income 56,550 Nonoperating Expenses: Principal Maturities 231,660 Interest Expense 90,063 Total Nonoperating Expenses 321,723 Excess of Revenues Under Expenses Before Other Financing Sources (9,066,335) Other Financing Sources: Transfers In 8,345,933 Total Other Financing Sources 8,345,933 Excess of Revenues and Other Financing Sources Under Expenses (720,402) Appropriated Fund Balance 720,402 Excess of Revenues and Other Financing Sources Under Expenses $ $

Variance Positive (Negative)

321,723 3,316,799

$

(202,592)

4,340

(8,791)

3,642,862

(211,383)

6,033,283 2,339,779 3,386,326

98,621 268,555 405,423 89,985 862,584

3,440 29,995

11,792,823

(8,149,961)

651,201

8,077

(48,473)

(83,527) (75,450)

(83,527) (132,000)

321,723 21,373 343,096

(90,063) 68,690 (21,373)

(8,568,507)

497,828

8,391,415 8,391,415

45,482 45,482

(177,092)

543,310

(720,402)

(177,092)

$

(177,092)