COG Comprehensive Annual Financial Report
Schedule 16 Page 2 of 2
Statement of Cash Flows Component Unit For the Fiscal Year Ended June 30, 2008
GREENSBORO TRANSIT AUTHORITY
(continued)
Reconciliation of Operating Loss to Net Cash Provided by Operating Activities: Operating Loss
$
(23,224,047)
Adjustments to Reconcile Operating Loss to Net Cash Used by Operating Activities: Depreciation
2,786,349
Change in Assets and Liabilities: Decrease in Receivables
654,715
Increase in Inventories
(4,143)
Decrease in Intergovernmental Receivables
(920,321) 1,143,306
Increase in Accounts Payable Increase in Annual Leave Accrual
12,461
Other Receipts
19,509,337 23,181,704
Total Adjustments
Net Cash Used by Operating Activities
$
(42,343)
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