CAFR 2017

Schedule 84 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, 2017

Variance Positive (Negative)

Budget

Actual

Operating Revenues: Charges for Current Services - Internal Charges for Current Services - External

$

302,250 2,876,576

$

302,242 2,876,576

$

(8)

Other Operating Revenues

13,131

13,449

318 310

Total Operating Revenues

3,191,957

3,192,267

Operating Expenses: Personal Services

5,216,737 2,164,681 3,341,146 1,508,545 12,231,109

4,829,411 1,947,699 2,978,148 1,352,545 11,107,803

387,326 216,982 362,998 156,000

Fringe Benefits

Maintenance and Operations

Capital Outlay

Total Operating Expenses

1,123,306

Operating Loss

(9,039,152)

(7,915,536)

1,123,616

Nonoperating Revenues: Investment Income

2,492

26,205

23,713

Net Increase (Decrease) in the Fair Value of Investments

(4,618) 21,587

(4,618) 19,095

Total Investment Income

2,492

Nonoperating Expenses: Principal Maturities

250,645 51,605

250,641 51,601

Interest Expense

Miscellaneous Nonoperating Expense Total Nonoperating Expenses

302,250

302,242

Excess of Revenues Under Expenses Before Other Financing Sources (Uses) Other Financing Sources (Uses): Debt Issuances: Proceeds of Capitalized Leases

(9,338,910)

(8,196,191)

1,142,711

1,352,545 7,914,302

1,352,545 7,914,302

Transfers In Transfers Out

(6,640)

(6,635)

5 5

Total Other Financing Sources (Uses)

9,260,207

9,260,212

Excess of Revenues and Other Financing Sources Over (Under) Expenses

(78,703)

1,064,021

1,142,724

Appropriated Fund Balance

78,703

(78,703)

Excess of Revenues and Other Financing Sources Over Expenses

$

$

1,064,021

1,064,021 $

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