CAFR 2016

Schedule 13 Page 2 of 2

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

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

$

21,239,910 21,655,976

Total Expenses

Excess of Revenues Under Expenses Before Other Financing Uses

(416,066)

Adjustment to Full Accrual Basis: Depreciation

(2,055,970)

Capital Outlay

410,818 12,443

Compensated Absences Inventory Gain (Loss)

(9,205)

Principal - Notes and Mortgages

(492,195)

Gain (Loss) on Disposal of Capital Assets

3,641

Transit Grant Project Funds Net Revenues and Expenses

4,060,286

Transfer to Federal and State Grant Fund

(17,670)

Income Before Transfers

$

1,496,082

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