Page 182 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

City of Winston-Salem, North Carolina
Internal Service Funds

Employee Benefits Fund – Schedule of Revenues, Expenditures
and Transfers – Budget (Non-GAAP Basis) and Actual
For the Fiscal Year Ended June 30, 2018 Exhibit 51

Variance
Positive
Budget Actual (Negative)

Operating Revenues
Charges for services $ 25,715,760 $ 26,827,765 $ 1,112,005
Other 53,070 53,096 26
Total operating revenues 25,768,830 26,880,861 1,112,031
Operating Expenditures
Maintenance and operations 26,378,580 26,431,129 (52,549)
Total operating expenditures 26,378,580 26,431,129 (52,549)
Operating income (loss) (609,750) 449,732 1,059,482
Nonoperating Revenues (Expenditures)
Investment income - 43,016 43,016
Total nonoperating revenues, net - 43,016 43,016
Change in net position - modified accrual basis $ (609,750) $ 492,748 $ 1,102,498
Reconciliation of Modified Accrual Basis to Full Accrual Basis
Change in Net Position - Modified Accrual Basis $ 492,748
Depreciation (797)
Change in Net Position - Full Accrual Basis $ 491,951

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