CAFR 2016

Schedule 75 Page 2 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

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

2,561,843 $

Total Expenses

7,073,437

Excess of Revenues Under Expenses Before Other Financing Sources

(4,511,594)

Adjustment to Full Accrual Basis: Depreciation/Amortization

(24,199)

Deferred Outflows of Resources for Contributions Made to Pension Plan in Current Fiscal Year

287,638 (206,415) (154,131)

Pension Expense

Increase in Accrued OPEB Actuarial Liability

Compensated Absences

(4,320)

Loss Before Transfers

(4,613,021) $

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