CAFR 2016

Schedule 13 Page 1 of 2

Greensboro Transit Authority Schedule of Revenues and Expenses - Budget and Actual (Non-GAAP) For the Fiscal Year Ended June 30, 2016

Variance Positive (Negative)

Budget

Actual

Operating Revenues:

Charges for Current Services Other Operating Revenues

2,751,165 $

2,470,156 $

$

(281,009)

1,119,592 3,870,757

1,212,334 3,682,490

92,742

Total Operating Revenues

(188,267)

Operating Expenses: Personal Services

669,468 241,882

536,725 196,677

132,743 45,205 734,800 19,482 932,230

Fringe Benefits

Maintenance and Operations

21,246,556

20,511,756

Capital Outlay

430,300

410,818

Total Operating Expenses

22,588,206

21,655,976

Operating Loss

(18,717,449)

(17,973,486)

743,963

Nonoperating Revenues (Expenses): Investment Income

1,050,754 8,505,000 1,265,025 6,462,719

1,050,358 8,497,760 1,323,854 6,147,921

(396)

Property Tax Collections Motor Vehicle Licenses State and Federal Grants

(7,240) 58,829

(314,798) (44,051)

Principal - Notes and Mortgages Miscellaneous Nonoperating Revenue Miscellaneous Nonoperating Expense

536,246

492,195 45,332

45,332 17,670

(17,670)

Total Nonoperating Revenues (Expenses)

17,802,074

17,557,420

(244,654)

Excess of Revenues Under Expenses Before Other Financing Uses

(915,375)

(416,066)

499,309

Other Financing Uses: Transfers Out

(599,700)

(285,529)

314,171

Excess of Revenues Under Expenses and Other Financing Uses

(1,515,075)

(701,595)

813,480

Appropriated Fund Balance

1,515,075

(1,515,075)

Excess of Revenues Under Expenses and Other Financing Uses

$

$

(701,595)

$

(701,595)

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