CAFR 2016

Schedule 75 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, 2016

Variance Positive (Negative)

Budget

Actual

Operating Revenues: Charges for Current Services - External

2,541,546 $

$

2,541,546

$

Other Operating Revenues

13,131

16,819

3,688 3,688

Total Operating Revenues

2,554,677

2,558,365

Operating Expenses: Personal Services

4,692,847 1,835,280 1,300,810 7,828,937

4,505,126 1,726,073 842,238 7,073,437

187,721 109,207 458,572 755,500

Fringe Benefits

Maintenance and Operations Total Operating Expenses

Operating Loss

(5,274,260)

(4,515,072)

759,188

Nonoperating Revenues: Investment Income

3,500

2,657

(843)

Net Increase (Decrease) in the Fair Value of Investments

821

821

Total Investment Income

3,500

3,478

(22)

Excess of Revenues Under Expenses Before Other Financing Sources

(5,270,760)

(4,511,594)

759,166

Other Financing Sources: Transfers In

4,775,517

4,775,517

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

(495,243)

263,923

759,166

Appropriated Fund Balance

495,243

(495,243)

Excess of Revenues and Other Financing Sources Over Expenses

$

$

263,923

$

263,923

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