CAFR 2016

Schedule 11

Statement of Revenues, Expenses, and Changes in Net Position Component Unit For the Fiscal Year Ended June 30, 2016

GREENSBORO TRANSIT AUTHORITY

Operating Revenues: Charges for Current Services Other Operating Revenues

$

2,470,156 1,212,335 3,682,491

Total Operating Revenues

Operating Expenses: Personal Services

547,680 198,120

Fringe Benefits

Maintenance and Operations

21,541,665 3,169,214 25,456,679

Depreciation

Total Operating Expenses

Operating Loss

(21,774,188)

Nonoperating Revenues (Expenses): Investment Income

1,050,444 8,497,760 1,323,854 12,442,251

Property Tax

Motor Vehicle Tax

Grants

Miscellaneous Nonoperating Revenue

45,332 (9,205) (62,496) (17,670)

Inventory Gain (Loss)

Gain (Loss) on Disposal of Capital Assets Miscellaneous Nonoperating Expense

Total Nonoperating Revenues (Expenses)

23,270,270

Change in Net Position

1,496,082

Net Position - July 1

64,076,059

Net Position - June 30

$

65,572,141

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