Page 163 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

City of Winston-Salem, North Carolina
Combining Statement of Cash Flows

Nonmajor Enterprise Funds Exhibit 38
For the Fiscal Year Ended June 30, 2018 Page 2 of 2

Public Assembly
Facilities
Parking Stormwater Management Total
Reconciliation of Cash and Cash Equivalents/Investments
Cash and investments - current $ 2,163,585 $ 25,472,897 $ 3,310,340 $ 30,946,822
Cash and investments - restricted - - 81,921 81,921
Cash and cash equivalents/investments June 30 $ 2,163,585 $ 25,472,897 $ 3,392,261 $ 31,028,743
Reconciliation of Operating Income (Loss) to
Net Cash Provided (Used) by Operating Activities
Operating income (loss) $ (572,809) $ 4,267,211 $ (1,707,282) $ 1,987,120
Adjustments to reconcile operating income (loss) to
net cash provided (used) by operating activities
Depreciation expense 448,711 907,022 1,915,489 3,271,222
Change in assets, deferred outflows of resources,
liabilities, and deferred inflows of resources
(Increase) decrease in receivables 1,233 67,007 (36,734) 31,506
(Increase) decrease in prepaid expenses - - 29,075 29,075
(Increase) decrease in deferred outflows of
resources - pensions 31,534 - 66,317 97,851
Increase (decrease) in net pension liability (29,649) - (62,353) (92,002)
Increase (decrease) in net OPEB liability (19,971) (107,487) (42,621) (170,079)
Increase (decrease) in deferred inflows of
resources - pensions (2,647) - (5,567) (8,214)
Increase (decrease) in deferred inflows of
resources - OPEB 15,158 81,582 32,349 129,089
Increase (decrease) in accounts payable (31,642) 8,161 112,287 88,806
Increase (decrease) in accrued payroll 769 6,625 861 8,255
Increase (decrease) in unearned revenue (69,238) 2,420 - (66,818)
Increase (decrease) in accrued vacation 75 8,156 8,492 16,723
Increase in contracts payable - - 302,701 302,701
Total adjustments 344,333 973,486 2,320,296 3,638,115
Net cash provided (used) by operating activities $ (228,476) $ 5,240,697 $ 613,014 $ 5,625,235

Noncash Investing, Capital, and Financing Activities
The City entered into leases for new property and equipment and incurred capital lease obligations
$1,836,864 and $1,938,707 during the years ended June 30, 2018, and 2017, respectively.
The City accrued intergovernmental revenues of ($7,864).

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