Page 175 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

Exhibit 44
Page 2 of 2

Risk
Acceptance
Health Dental and Employee Management
Benefits Flex Benefits Benefits Corporation Total
Reconciliation of Cash and Cash Equivalents/Investments
Cash and investments - current $ 6,386,241 $ 1,487,953 $ 5,011,658 $ 42,137,067 $ 60,482,961
Cash and cash equivalents/investments June 30 $ 6,386,241 $ 1,487,953 $ 5,011,658 $ 42,137,067 $ 60,482,961

Reconciliation of Operating Income (Loss) to Net Cash
Provided (Used) by Operating Activities
Operating income (loss) $ 1,339,173 $ 475,509 $ 448,935 $ (2,286,371) $ 1,884,809
Adjustments to reconcile operating income (loss)
to net cash provided (used) by operating activities
Depreciation expense - - 797 - 1,175,314
Change in assets, deferred outflows of resources, and liabilities
and deferred inflows of resources
(Increase) decrease in receivables - - - (4,452) (4,115)
(Increase) decrease in inventories - - - - 76,261
(Increase) decrease in deferred outflows of resources - pensions 10,447 - - - 442,094
Increase (decrease) in net pension liability (9,822) - - - (415,659)
Increase (decrease) in net OPEB liability (6,615) - - - (290,583)
Increase (decrease) in deferred inflows of resources - pensions (877) - - - (37,111)
Increase (decrease) in deferred inflows of resources - OPEB 5,021 - - - 220,551
Increase (decrease) in accounts payable (201,650) (1,682) 79,289 7,862 (192,622)
Increase (decrease) in accrued payroll 1,534 - - - 10,327
Increase (decrease) in employee taxes and deductions - - 732,441 - 732,441
Increase (decrease) in unearned revenue 16,511 (253) - - 16,258
Increase (decrease) in accrued vacation 1,432 - - - 19,512
Increase (decrease) in claims payable 45,987 4,517 119,669 274,997 192,625
Increase (decrease) in contracts payable - - - - 154,263
Total adjustments (138,032) 2,582 932,196 278,407 2,099,556
Net cash provided (used) by operating activities $ 1,201,141 $ 478,091 $ 1,381,131 $ (2,007,964) $ 3,984,365

169