2025 Annual Comprehensive Report

Schedule 80 Page 1 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, 2025

Variance Positive (Negative)

Final

Budget

Actual

Operating Revenues: Charges for Current Services - Internal Charges for Current Services - External

$

321,723 4,433,619

$

321,723 4,730,595

$

296,976

Other Operating Revenues

13,131

4,340

(8,791)

Total Operating Revenues

4,768,473

5,056,658

288,185

Operating Expenses: Personal Services

7,286,731 3,054,507 4,839,488

7,430,945 2,992,028 4,277,837

(144,214) 62,479 561,651 (80,476) 399,440

Fringe Benefits

Maintenance and Operations

Claims and Expenses

3,440 7,836

3,440 88,312

Capital Outlay

Total Operating Expenses

15,192,002

14,792,562

Operating Loss

(10,423,529)

(9,735,904)

687,625

Nonoperating Revenues: Investment Income (Loss)

56,550

54,908

(1,642)

Net Increase (Decrease) in the Fair Value of Investments

25,876 80,784

25,876 24,234

Total Investment Income

56,550

Nonoperating Expenses: Principal Maturities

254,262 67,461 321,723

328,587 26,477 355,064

(74,325) 40,984 (33,341)

Interest Expense

Total Nonoperating Expenses

Excess of Revenues Under Expenses Before Other Financing Sources (Uses) Other Financing Sources (Uses): Debt Issuances: Lease Liability Issued

(10,688,702)

(10,010,184)

678,518

80,477 15,074

80,477 15,074

IT Subscription Liability Issued

Transfers In Transfers Out

10,601,214

10,601,214

(1,074)

(1,074)

Total Other Financing Sources (Uses)

10,600,140

10,695,691

95,551

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

(88,562)

685,507

774,069

Appropriated Fund Balance

88,562

(88,562)

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

$

$

685,507

$

685,507

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