2024 Annual Comprehensive Report

Schedule 7 8 Page 1 of 2

-16 5 Guilford Metro Communications Schedule of Revenues, Expenses and Changes in Fund Balance - Budget and Actual (Non-GAAP) For the Fiscal Year Ended June 30, 2024 Final Budget Actual Operating Revenues: Charges for Current Services - Internal $ 321,723 $ Charges for Current Services - External 3,845,743 Other Operating Revenues 13,131 Total Operating Revenues 4,180,597 Operating Expenses: Personal Services 7,209,839 Fringe Benefits 2,952,527 Maintenance and Operations 4,759,390 Claims and Expenses 3,440 Capital Outlay Total Operating Expenses 14,925,196 Operating Loss (10,744,599) Nonoperating Revenues: Investment Income 56,550 Net Increase (Decrease) in the Fair Value of Investments Total Investment Income 56,550 Nonoperating Expenses: Principal Maturities 254,262 Interest Expense 67,461 Total Nonoperating Expenses 321,723 Excess of Revenues Under Expenses Before Other Financing Sources (Uses) (11,009,772) Other Financing Sources (Uses): Debt Issuances: Lease Liability Issued Transfers In 10,203,516 Transfers Out (960,695) Total Other Financing Sources (Uses) 9,242,821 Excess of Revenues and Other Financing Sources Under Expenses and Other Financing (Uses) (1,766,951) Appropriated Fund Balance 1,766,951 Excess of Revenues and Other Financing Sources Under Expenses and Other Financing (Uses) $ $

Variance Positive (Negative)

321,723 3,548,767

$

(296,976)

4,340

(8,791)

3,874,830

(305,767)

6,926,891 2,732,041 4,186,091

282,948 220,486 573,299

3,440 15,750

(15,750)

13,864,213

1,060,983

(9,989,383)

755,216

73,103

16,553

30,572 103,675

30,572 47,125

302,765 17,809 320,574

(48,503) 49,652

1,149

(10,206,282)

803,490

15,750

15,750

10,203,516 (937,058) 9,282,208

23,637 39,387

(924,074)

842,877

(1,766,951)

(924,074)

$

(924,074)