Page 171 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

Exhibit 43

Risk
Acceptance
Health Dental and Employee Management
Benefits Flex Benefits Benefits Corporation Total
Operating Revenues
Charges for services $ 22,143,691 $ 2,696,794 $ 26,827,765 $ 1,065,510 $ 75,422,833
Other 759,221 - 53,096 - 1,418,581
Total operating revenues 22,902,912 2,696,794 26,880,861 1,065,510 76,841,414
Operating Expenses
Personal services 161,762 - - - 7,168,629
Maintenance and operations 21,401,977 2,221,285 26,431,129 3,351,881 66,612,662
Total operating expenses before depreciation 21,563,739 2,221,285 26,431,129 3,351,881 73,781,291
Depreciation - - 797 - 1,175,314
Total operating expenses 21,563,739 2,221,285 26,431,926 3,351,881 74,956,605
Operating income (loss) 1,339,173 475,509 448,935 (2,286,371) 1,884,809
Nonoperating Revenues (Expenses)
Investment income (loss) 51,439 13,157 43,016 4,954,370 5,104,876
Gain (loss) on disposal of assets - - - - 56,754
Interest and fiscal expense - - - - (164,452)
Total nonoperating revenues (expenses), net 51,439 13,157 43,016 4,954,370 4,997,178
Income (loss) before transfers 1,390,612 488,666 491,951 2,667,999 6,881,987
Transfers Out - - - - (129,670)
Total transfers - - - - (129,670)
Change in net position 1,390,612 488,666 491,951 2,667,999 6,752,317

Total net position - beginning, as previously stated 1,117,934 745,918 1,572,030 37,376,711 46,789,140
Cumulative effect adjustment (21,784) - - - (956,946)
Total net position - beginning, as adjusted 1,096,150 745,918 1,572,030 37,376,711 45,832,194
Total net position - ending $ 2,486,762 $ 1,234,584 $ 2,063,981 $ 40,044,710 $ 52,584,511

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