Page 178 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

City of Winston-Salem, North Carolina
Internal Service Funds

Information Services Fund– Schedule of Revenues, Expenditures
and Transfers – Budget (Non-GAAP Basis) and Actual
For the Fiscal Year Ended June 30, 2018 Exhibit 47

Variance
Positive
Budget Actual (Negative)
Operating Revenues
Charges for services $ 10,823,610 $ 9,921,785 $ (901,825)
Total operating revenues 10,823,610 9,921,785 (901,825)
Operating Expenditures
Personal services 4,798,210 4,770,814 27,396
Maintenance and operations 5,735,481 4,125,477 1,610,004
Capital outlay 7,500 5,625 1,875
Total operating expenditures 10,541,191 8,901,916 1,639,275
Operating income (loss) 282,419 1,019,869 737,450
Nonoperating Revenues (Expenditures)
Proceeds from sales of assets - 880 880
Interest and fiscal charges (212,930) (86,682) 126,248
Principal retirement (1,175,080) (580,556) 594,524
Total nonoperating expenditures, net (1,388,010) (666,358) 721,652
Change in net position - modified accrual basis $ (1,105,591) $ 353,511 $ 1,459,102
Reconciliation of Modified Accrual Basis to Full Accrual Basis
Change in Net Position - Modified Accrual Basis $ 353,511
Depreciation (683,814)
Capital outlay 5,625
Principal retirement 580,556
Book value of disposed assets (14,729)
Increase in contracts payable (149,864)
Increase (decrease) in deferred outflows of resources - pensions (303,369)
(Increase) decrease in net pension liability 285,229
(Increase) decrease in deferred inflows of resources - pensions 25,466
(Increase) decrease in net OPEB liability 192,121
(Increase) decrease in deferred inflows of resources - OPEB (145,819)
Change in Net Position - Full Accrual Basis $ 144,913

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