COG Comprehensive Annual Financial Report

Schedule 54 Page 2 of 2

Water Resources Fund Schedule of Revenues and Expenses Budget and Actual (Non-GAAP) For the Fiscal Year Ended June 30, 2018

Reconciliation of Modified Accrual Basis to Full Accrual Basis:

Total Revenues Total Expenses

$ 119,067,549 89,581,753

Excess of Revenues Over Expenses Before Contributions and Other Financing Sources (Uses)

29,485,796

Adjustment to Full Accrual Basis: Depreciation Principal Maturities Gain (Loss) on Disposal of Capital Assets Inventory Gain (Loss) Deferred Outflows of Resources for Contributions Made to Pension Plan in Current Fiscal Year Pension Expense OPEB Expense Amortization of Underwriters' and Other Expense Amortization of Bond Premiums Compensated Absences Capital Outlay Capitalized Payment to Piedmont Triad Regional Water Authority Capital Project Net Expenses

(26,383,815) 14,295,000

(536,807) (176,612)

1,140,297 (1,177,047) (1,139,519) (847,563) 2,094,479 (108,647) 1,213,171 901,683 (2,057,092)

Income Before Contributions and Transfers

$ 16,703,324

-117-