Page 165 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

City of Winston-Salem, North Carolina
Enterprise Funds

Stormwater Management Fund - Schedule of Revenues, Expenditures,
and Transfers – Budget (Non-GAAP Basis) and Actual
For the Fiscal Year Ended June 30, 2018 Exhibit 40

Variance
Positive
Budget Actual (Negative)
Operating Revenues
Charges for services $ 10,263,000 $ 10,697,508 $ 434,508
Other 173,600 241,969 68,369
Total operating revenues 10,436,600 10,939,477 502,877
Operating Expenditures
Personal services 3,169,460 2,671,155 498,305
Maintenance and operations 3,990,869 3,102,427 888,442
Total operating expenditures 7,160,329 5,773,582 1,386,747
Operating income 3,276,271 5,165,895 1,889,624
Nonoperating Revenues (Expenditures)
Intergovernmental revenue 106,360 71,447 (34,913)
Investment income - 1,271,066 1,271,066
Interest and fiscal charges (496,740) (478,408) 18,332
Principal retirement (1,336,240) (1,284,973) 51,267
Total nonoperating expenditures, net (1,726,620) (420,868) 1,305,752
Income before capital contributions and transfers 1,549,651 4,745,027 3,195,376
Capital Contributions
Other - 97,087 97,087
Total capital contributions - 97,087 97,087
Transfers Out
General fund (1,825,350) (1,812,641) 12,709
Solid waste fund (181,110) (181,106) 4
Total transfers out (2,006,460) (1,993,747) 12,713
Change in net position - modified accrual basis $ (456,809) $ 2,848,367 $ 3,305,176
Reconciliation of Modified Accrual Basis to Full Accrual Basis
Change in Net Position - Modified Accrual Basis $ 2,848,367
Depreciation (907,022)
Amortization of financing costs 38,136
Principal retirement 1,284,973
Book value of disposed assets (17,567)
(Increase) decrease in net OPEB liability 107,487
(Increase) decrease in deferred inflows of resources - OPEB (81,582)
Change in Net Position - Full Accrual Basis $ 3,272,792

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