Page 177 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

City of Winston-Salem, North Carolina
Internal Service Funds

Fleet Services Fund – Schedule of Revenues, Expenditures
and Transfers – Budget (Non-GAAP Basis) and Actual
For the Fiscal Year Ended June 30, 2018 Exhibit 46

Variance
Positive
Budget Actual (Negative)
Operating Revenues
Charges for services $ 9,636,490 $ 9,238,243 $ (398,247)
Other - 6 6
Total operating revenues 9,636,490 9,238,249 (398,241)
Operating Expenditures
Personal services 1,695,050 1,718,898 (23,848)
Maintenance and operations 7,315,272 6,886,127 429,145
Capital Outlay 24,262 6,899 17,363
Total operating expenditures 9,034,584 8,611,924 422,660
Operating income (loss) 601,906 626,325 24,419
Nonoperating Revenues (Expenditures)
Proceeds from sale of assets - 71,181 71,181
Interest and fiscal charges (81,240) (77,770) 3,470
Principal retirement (609,430) (590,326) 19,104
Total nonoperating expenditures, net (690,670) (596,915) 93,755
Income (loss) before transfers (88,764) 29,410 118,174
Transfers In
General fund (30,720) (30,720) -
Total tranfers in (30,720) (30,720) -
Change in net position - modified accrual basis $ (119,484) $ (1,310) $ 118,174
Reconciliation of Modified Accrual Basis to Full Accrual Basis
Change in Net Position - Modified Accrual Basis $ (1,310)
Depreciation (476,913)
Capital outlay 6,899
Principal retirement 590,326
Book value of disposed assets (578)
Increase in contracts payable (4,399)
Increase (decrease) in deferred outflows of resources - pensions (109,622)
(Increase) decrease in net pension liability 103,068
(Increase) decrease in deferred inflows of resources - pensions 9,202
(Increase) decrease in net OPEB liability 69,426
(Increase) decrease in deferred inflows of resources - OPEB (52,694)
Change in Net Position - Full Accrual Basis $ 133,405

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