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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 /> COMMISSION
<br />For the Year Ended December 31, 2004
<br /> Variance with
<br /> Actual Final Budget
<br /> Budgeted Amounts (Budgetary Positive
<br /> Original Final Basis) (Negitive)
<br />REVENUES
<br />Franchise fees $ 514,000 $ 514,000 $ 517,225 $ 3,225
<br />Interest 2,500 2,500 18,487 15,987
<br />Other 631 631
<br />. TOTAL REVENUES 516,500 516,500 536,343 19,843
<br />EXPENSES
<br />Franchise fee reimbursements 96,906 96,906
<br />Personnel 76,772 79,083 81,890 (2,807)
<br />Employee benefits 24,663 24,663 22,535 2,128
<br />Office 179,050 179,050 29,135 149,915
<br />Legal fees 46,100 46,000 31,066 14,934
<br />Other administrative costs 26,234 24,234 35,377 (11,143)
<br />Capital expenditures 33,500 3,500 1,544,029 (1,540,529)
<br />TOT AL EXPENSE 386,319 453,436 1,840,938 (1,387,502)
<br />EXCESS REVENUES OVER
<br />(UNDER) EXPENSES 130,181 63,064 (1,304,595) (1,367,659)
<br />OTHER FINANCING SOURCES
<br />Transfers in (out) (34,000) (34,000) (64,000) 30,000
<br />Net assets (budgetary basis), beginning 329,918 329,918 329,918
<br />Net assets (budgetary basis), ending $ 426,099 $ 358,982 (1,038,677) $ (1,337,659)
<br />Plus effect of capital assets purchased 1,542,054
<br />Less effect of depreciation (26,594)
<br />Less effect of amortization (6,180)
<br />NET ASSETS (GAAP BASIS), ENDING $ 470,603
<br />
<br />See accompanying notes to
<br />required supplementary information.
<br />
<br />P.186
<br />II
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