2023 Annual Comprehensive Report

Schedule 7 4 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, 2023

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

$ 3,935,180 13,036,621

Total Expenses

Excess of Revenues Under Expenses Before Other Financing Sources

(9,101,441)

Adjustment to Full Accrual Basis: Depreciation/Amortization

(382,801) 303,502 (29,995) 693,188 (969,966) (95,341) 234,546 (59,643)

Principal Maturities

Gain (Loss) on Disposal of Capital Assets

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

Pension Expense OPEB Expense

Contributions Made to OPEB Plan in Current Fiscal Year

Compensated Absences

Loss Before Transfers

$ (9,407,951)

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