Page 180 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

City of Winston-Salem, North Carolina
Internal Service Funds

Health Benefits Fund – Schedule of Revenues, Expenditures
and Transfers – Budget (Non-GAAP Basis) and Actual
For the Fiscal Year Ended June 30, 2018 Exhibit 49

Variance
Positive
Budget Actual (Negative)

Operating Revenues
Charges for services $ 22,194,610 $ 22,143,691 $ (50,919)
Other 320,000 759,221 439,221
Total operating revenues 22,514,610 22,902,912 388,302
Operating Expenditures
Personal services 173,610 163,608 10,002
Maintenance and operations 22,375,058 21,401,977 973,081
Total operating expenditures 22,548,668 21,565,585 983,083
Operating income (loss) (34,058) 1,337,327 1,371,385
Nonoperating Revenues (Expenditures)
Investment income - 51,439 51,439
Total nonoperating revenues, net - 51,439 51,439
Change in net position - modified accrual basis $ (34,058) $ 1,388,766 $ 1,422,824
Reconciliation of Modified Accrual Basis to Full Accrual Basis
Change in Net Position - Modified Accrual Basis $ 1,388,766
Increase (decrease) in deferred outflows of resources - pensions (10,447)
(Increase) decrease in net pension liability 9,822
(Increase) decrease in deferred inflows of resources - pensions 877
(Increase) decrease in net OPEB liability 6,615
(Increase) decrease in deferred inflows of resources - OPEB (5,021)
Change in Net Position - Full Accrual Basis $ 1,390,612

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