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<br />NORTH METRO TELECOMMUNICATIONS COMMISSION
<br />REQUIRED SUPPLEMENTARY INFORMATION
<br />SCHEDULE OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS-BUDGETARY BASIS
<br />MEDIA CENTER
<br />For the Year Ended December 31,2004
<br />
<br /> Variance wi th
<br /> Actual Final Budget
<br /> Budgeted Amounts (Budgetary Positive
<br /> Original Final Basis) (Negitive)
<br />REVENUES
<br />PEG fees $ 496,980 $ 496,980 $ 557,152 $ 60,1 72
<br />Interest 5,300 5,300 5,553 253
<br />Other 87,783 87,783
<br />TOTAL REVENUES 502,280 502,280 650,488 148,208
<br />EXPENSES
<br />Personnel 325,284 325,284 325,102 182
<br />Employee benefits 95,352 95,549 100,878 (5,329)
<br />Office 88,330 87,830 56,752 31,078
<br />Legal fees 1,000
<br />Other administrative costs 20,734 20,734 16,241 4,493
<br />Vehicle 4,500 4,500 2,567 1,933
<br />Production 24,500 24,500 21,718 2,782
<br />Capital expenditures 150,000 154,000 203,605 (49,605)
<br />TOTAL EXPENSE 709,700 712,397 726,863 (14,466)
<br />EXCESS REVENUES OVER
<br />(UNDER) EXPENSES (207,420) (210,117) (76,375) 133,742
<br />OTHER FINANCING SOURCES
<br />Transfers in (out) 64,000 64,000 64,000
<br />Net assets (budgetary basis), beginning 1,203,257 1,203,257 1,203,257
<br />Net assets (budgetary basis), ending $ 1,059,837 $ 1,057,140 1,190,882 $ 133,742
<br />Plus effect of capital assets purchased 190,566
<br />Less effect of depreciation (160,633)
<br />Less effect of loss on disposal of assets (177,174)
<br />NET ASSETS (GAAP BASIS), ENDING $ 1,043,641
<br />
<br />See accompanying notes to P. 175
<br />required supplementary information. tD
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