2023 Annual Comprehensive Report

Schedule 59 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, 2023

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

$ 26,324,266

Total Expenses

20,076,006

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

6,248,260

(3,881,966)

Capital Outlay

544,686 (40,694) 896,867

Compensated Absences

Principal - Notes and Mortgages Gain on Disposal of Capital Assets

2,023

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

148,402 (323,412) (447,919)

Pension Expense OPEB Expense

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

52,920

4,100,389

Income Before Transfer

$

7,299,556

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