CAFR 2017

Schedule 16

Statement of Revenues, Expenses, and Changes in Net Position Component Unit For the Fiscal Year Ended June 30, 2017

GREENSBORO TRANSIT AUTHORITY

Operating Revenues: Charges for Current Services Other Operating Revenues

$

2,332,549 911,203 3,243,752

Total Operating Revenues

Operating Expenses: Personal Services

483,460 173,646

Fringe Benefits

Maintenance and Operations

20,807,306 2,666,380 24,130,792

Depreciation

Total Operating Expenses

Operating Loss

(20,887,040)

Nonoperating Revenues (Expenses): Investment Income

949,918 9,066,445 1,119,392 6,682,752

Property Tax

Motor Vehicle Tax

Grants

Miscellaneous Nonoperating Revenue

5,460

Inventory Gain (Loss)

(15,060) (35,728) (17,600)

Gain (Loss) on Disposal of Capital Assets Miscellaneous Nonoperating Expense

Total Nonoperating Revenues (Expenses)

17,755,579

Change in Net Position

(3,131,461)

Net Position - July 1

65,572,141

Net Position - June 30

$

62,440,680

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