COG Comprehensive Annual Financial Report
Schedule 80 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, 2018
Variance Positive (Negative)
Final Budget
Actual
Operating Revenues: Charges for Current Services - Internal Charges for Current Services - External Other Operating Revenues Total Operating Revenues
$
302,245 2,905,864 13,131 3,221,240
$
302,242 2,905,864 16,928 3,225,034
$
(3)
3,797 3,794
Operating Expenses: Personal Services Fringe Benefits
5,251,236 2,232,660 3,666,736 6,879 162,112 11,319,623
4,873,392 1,982,225 3,230,558 6,879 154,694 10,247,748
377,844 250,435 436,178
Maintenance and Operations Claims and Expenses Capital Outlay Total Operating Expenses
7,418 1,071,875
Operating Loss
(8,098,383)
(7,022,714)
1,075,669
Nonoperating Revenues: Investment Income
16,663
22,459
5,796
Net Increase (Decrease) in the Fair Value of Investments Total Investment Income
(9,545) 12,914
(9,545) (3,749)
16,663
Nonoperating Expenses: Principal Maturities Interest Expense
260,205 42,040 302,245
260,203 42,039 302,242
2 1 3
Total Nonoperating Expenses
Excess of Revenues Under Expenses Before Capital Contributions and Other Financing Sources
(8,383,965)
(7,312,042)
1,071,923
Capital Contributions
22,761
22,761
Other Financing Sources: Transfers In
7,760,628
7,760,628
Excess of Revenues, Capital Contributions and Other Financing Sources Over (Under) Expenses
(623,337)
471,347
1,094,684
Appropriated Fund Balance
623,337
(623,337)
Excess of Revenues, Capital Contributions and Other Financing Sources Over Expenses
$
$
471,347
$
471,347
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