2024 Annual Comprehensive Report

Schedule 7 8 Page 2 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, 2024

Reconciliation of Modified Accrual Basis to Full Accrual Basis: Total Revenues

$ 3,978,505 14,184,787

Total Expenses

Excess of Revenues Under Expenses Before Other Financing Sources (Uses)

(10,206,282)

Adjustment to Full Accrual Basis: Depreciation/Amortization

(381,695) 302,765

Principal Maturities

Capital Outlay

15,750

Deferred Outflows of Resources for Contributions Made in Current Fiscal Year to: Pension Plan

822,633

Pension Expense OPEB Expense

(1,189,918) (100,981) 194,622 (128,103)

Contributions Made to OPEB Plan in Current Fiscal Year

Compensated Absences

Loss Before Transfers

$ (10,671,209)

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