2023 Annual Comprehensive Report

Schedule 59 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, 2023

Variance Positive (Negative)

Budget

Actual

Operating Revenues:

Charges for Current Services Other Operating Revenues State and Federal Grants

$ 2,342,870

$ 1,806,396

$

(536,474) 464,349 (46,199) (118,324)

583,636 7,650,937 10,577,443

1,047,985 7,604,738 10,459,119

Total Operating Revenues

Operating Expenses: Personal Services

1,206,696 532,466 27,509,186

1,212,345 503,036 17,815,939

(5,649) 29,430

Fringe Benefits

Maintenance and Operations

9,693,247

Capital Outlay

601,820

544,686

57,134

Total Operating Expenses

29,850,168

20,076,006

9,774,162

Operating Loss

(19,272,725)

(9,616,887)

9,655,838

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

794,432

978,776

184,344

(147,384)

(147,384)

Property Tax Collections Local Option Sales Tax

12,788,000 2,000,000 1,056,000

12,835,784 2,000,000 1,082,156

47,784

Motor Vehicle Tax Interest Expense

26,156

(466)

(466)

Principal - Notes and Mortgages Miscellaneous Nonoperating Revenue

755,568

(896,867)

(1,652,435)

13,148

13,148

Total Nonoperating Revenues (Expenses)

17,394,000

15,865,147

(1,528,853)

Excess of Revenues Over (Under) Expenses Before Other Financing (Uses)

(1,878,725)

6,248,260

8,126,985

Other Financing (Uses): Transfers Out

(978,644)

(326,719)

651,925

Excess of Revenues Over (Under) Expenses and Other Financing (Uses)

(2,857,369)

5,921,541

8,778,910

Appropriated Fund Balance

2,857,369

(2,857,369)

Excess of Revenues Over Expenses and Other Financing (Uses)

$

$ 5,921,541

$ 5,921,541

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