Page 173 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

Exhibit 44
Page 1 of 2

Risk
Acceptance
Health Dental and Employee Management
Benefits Flex Benefits Benefits Corporation Total
Cash Flows from Operating Activities
Cash received from sales $ 22,919,423 $ 2,696,541 $ 26,880,861 $ 1,065,510 $ 76,858,009
Cash payments for suppliers for goods and services (21,557,640) (2,218,450) (25,499,730) (3,073,474) (65,654,146)
Cash payments to employees for services (160,642) - - - (7,219,498)
Net cash provided (used) by operating activities 1,201,141 478,091 1,381,131 (2,007,964) 3,984,365
Cash Flows from Noncapital Financing Activities
Repayments to other funds - - - - (5,002)
Transfers out - - - - (129,670)
Net cash provided (used) by noncapital financing activities - - - - (134,672)

Cash Flows from Capital and Related Financing Activities
Acquisition of property and equipment - - - - (977,477)
Retirement of contracts payable - - - - (1,170,882)
Interest paid on contracts payable - - - - (164,452)
Proceeds from sale of assets - - - - 72,061
Net cash provided (used) by capital and related financing activities - - - - (2,240,750)

Cash Flows from Investing Activities
Investment income (loss) 51,439 13,157 43,016 4,954,370 5,104,876
Net increase (decrease) in cash 1,252,580 491,248 1,424,147 2,946,406 6,713,819
Cash and cash equivalents/investments July 1 5,133,661 996,705 3,587,511 39,190,661 53,769,142
Cash and cash equivalents/investments June 30 $ 6,386,241 $ 1,487,953 $ 5,011,658 $ 42,137,067 $ 60,482,961

167