Page 179 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

City of Winston-Salem, North Carolina
Internal Service Funds

Workers’ Compensation Fund – Schedule of Revenues, Expenditures
and Transfers – Budget (Non-GAAP Basis) and Actual
For the Fiscal Year Ended June 30, 2018 Exhibit 48

Variance
Positive
Budget Actual (Negative)
Operating Revenues
Charges for services $ 4,234,440 $ 3,094,850 $ (1,139,590)
Other 573,920 606,138 32,218
Total operating revenues 4,808,360 3,700,988 (1,107,372)
Operating Expenditures
Personal services 333,000 333,743 (743)
Maintenance and operations 4,376,410 1,959,080 2,417,330
Total operating expenditures 4,709,410 2,292,823 2,416,587
Operating income (loss) 98,950 1,408,165 1,309,215
Nonoperating Revenues (Expenditures)
Investment income - 42,894 42,894
Total nonoperating revenues, net - 42,894 42,894
Income (loss) before transfers 98,950 1,451,059 1,352,109
Transfers Out
General fund (98,950) (98,950) -
Total transfers out (98,950) (98,950) -
Change in net position - modified accrual basis $ - $ 1,352,109 $ 1,352,109
Reconciliation of Modified Accrual Basis to Full Accrual Basis
Change in Net Position - Modified Accrual Basis $ 1,352,109
Increase (decrease) in deferred outflows of resources - pensions (18,656)
(Increase) decrease in net pension liability 17,540
(Increase) decrease in deferred inflows of resources - pensions 1,566
(Increase) decrease in net OPEB liability 11,816
(Increase) decrease in deferred inflows of resources - OPEB (8,968)
Change in Net Position - Full Accrual Basis $ 1,355,407

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