Page 147 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

Nonmajor Governmental Funds

Special Revenue Funds

The community development fund provides accountability for grants from the United States Department of
Housing and Urban Development. These revenues are restricted to objectives of community development
programs within specific areas of the City.

The grants fund centralizes the accounting for other activities funded by federal, state, and/or
intergovernmental aid.

The economic and housing development fund centralizes the accounting for City initiatives in downtown
revitalization, economic development incentive funds and housing.

The gasoline tax fund is established to account for the state-shared gasoline tax which is restricted to
maintenance of local streets and roads.

The occupancy tax fund is established to account for the City’s approximate one-sixth share of the Forsyth
County’s 6% occupancy tax on the rental of hotel/motel accommodations.

The emergency telephone system fund accounts for revenues and expenses associated with operating the 911
system. The charge for all 911 services, wireline and wireless, now are placed in the State 911 Fund from
which monthly allocations are made to primary public safety answering points (PSAP’s). The funds may be
used to purchase replacement computers for the communications center and to cover the maintenance costs of
communications center equipment.

The Downtown Winston-Salem Business Improvement District fund is a defined area within the downtown
area whereby the City may raise money to pay for enhanced services or projects from those property owners
that most directly benefit from the services or projects.

Permanent Fund

The cemetery perpetual care fund accounts for endowment funds established to provide income for
landscaping and grounds maintenance of the City’s cemeteries.

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