Page 164 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

City of Winston-Salem, North Carolina
Enterprise Funds

Parking Fund - Schedule of Revenues, Expenditures,
and Transfers – Budget (Non-GAAP Basis) and Actual
For the Fiscal Year Ended June 30, 2018 Exhibit 39

Variance
Positive
Budget Actual (Negative)
Operating Revenues
Charges for services $ 674,000 $ 826,606 $ 152,606
Operating Expenditures
Personal services 566,080 486,621 79,459
Maintenance and operations 585,153 469,658 115,495
Total operating expenditures 1,151,233 956,279 194,954
Operating income (loss) (477,233) (129,673) 347,560
Nonoperating Revenues (Expenditures)
Intergovernmental revenue 471,870 430,413 (41,457)
Investment income - 23,781 23,781
Interest and fiscal charges (135,540) (133,986) 1,554
Principal retirement (916,000) (912,112) 3,888
Total nonoperating expenditures, net (579,670) (591,904) (12,234)
Income (loss) before capital contributions and transfers (1,056,903) (721,577) 335,326
Capital Contributions
Other - (38,620) (38,620)
Total capital contributions - (38,620) (38,620)
Transfers In
General fund 495,150 495,150 -
Change in net position - modified accrual basis $ (561,753) $ (265,047) $ 296,706
Reconciliation of Modified Accrual Basis to Full Accrual Basis
Change in Net Position - Modified Accrual Basis $ (265,047)
Depreciation (448,711)
Amortization of financing costs (3,923)
Principal retirement 912,112
Increase (decrease) in deferred outflows of resources - pensions (31,534)
(Increase) decrease in net pension liability 29,649
(Increase) decrease in deferred inflows of resources - pensions 2,647
(Increase) decrease in net OPEB liability 19,971
(Increase) decrease in deferred inflows of resources - OPEB (15,158)
Change in Net Position - Full Accrual Basis $ 200,006

158