Page 49 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

Figure 4 presents the changes in net position of the City of Winston-Salem.

Changes in Net Position Figure 4
(dollars in thousands)
Governmental Activities Business-type Activities Total
2018 2017 2018 2017 2018 2017
Revenues:
Program revenues:
Charges for services $ 38,375 $ 38,113 $ 141,745 $ 135,426 $ 180,120 $ 173,539
Operating grants and contributions 17,446 18,329 11,684 8,795 29,130 27,124
Capital grants and contributions 2,753 3,409 10,209 5,899 12,962 9,308
General revenues:
Property taxes 121,373 114,868 10,435 7,177 131,808 122,045
Sales taxes 42,371 39,984 - - 42,371 39,984
Other local taxes 1,183 1,151 - - 1,183 1,151
Telecommunications sales tax 1,916 2,112 - - 1,916 2,112
Utilities sales tax 13,329 13,131 - - 13,329 13,131
Piped natural gas sales tax 862 673 - - 862 673
Video programming tax 2,170 2,224 - - 2,170 2,224
Local tax reimbursements 1,042 1,081 - - 1,042 1,081
Investment income 2,901 1,370 14,479 16,941 17,380 18,311
Other 1,839 1,796 - - 1,839 1,796
Total revenues 247,560 238,241 188,552 174,238 436,112 412,479
Expenses:
General government 32,346 32,646 - - 32,346 32,646
Public protection 108,273 106,740 - - 108,273 106,740
Environmental health 19,667 17,720 - - 19,667 17,720
Transportation 19,935 20,545 - - 19,935 20,545
Culture and recreation 13,192 12,069 - - 13,192 12,069
Community & economic development 23,994 36,065 - - 23,994 36,065
Interest and scal charges 12,828 10,191 - - 12,828 10,191
Water and sewer utility - - 88,763 87,582 88,763 87,582
Solid waste disposal - - 12,159 13,580 12,159 13,580
Stormwater management - - 7,112 11,675 7,112 11,675
Parking - - 1,537 1,647 1,537 1,647
Transit Authority - - 19,691 18,891 19,691 18,891
Public assembly facilities management - - 8,940 7,762 8,940 7,762
Risk Acceptance Management Corp. - - 3,352 2,628 3,352 2,628
Total expenses 230,235 235,976 141,554 143,765 371,789 379,741
Increase in net position before transfers 17,325 2,265 46,998 30,473 64,323 32,738
Transfers
Government-wide (1,708) 771 1,708 (771) - -
Increase (decrease) in net position 15,617 3,036 48,706 29,702 64,323 32,738
Net position – beginning,
as previously stated 280,602 305,810 666,205 636,503 946,807 942,313
Cumulative e ect adjustment (18,938) (28,244) (3,483) - (22,421) (28,244)
Total net position – beginning, as adjusted 261,664 277,566 662,722 636,503 924,386 914,069
Net position – ending $ 277,281 $ 280,602 $ 711,428 $ 666,205 $ 988,709 $ 946,807

The debt service fund has a fund balance of $25 million at June 30, 2018, an increase of $1.3 million, all of which is restricted for
payment of debt service.
The fund balance of the capital projects fund increased $60.6 million, to $90.9 million at June 30, 2018, all of which is appropriated
for capital projects.

W I N S T O N S AL E M , N O R T H C AR O L I N A 43