Page 55 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

City of Winston-Salem, North Carolina
Statement of Net Position Exhibit 1
June 30, 2018 Page 2 of 2

Governmental Business-type
Activities Activities Total
Liabilities
Current Liabilities
Accounts payable $ 13,239,244 $ 18,339,517 $ 31,578,761
Accrued payroll 3,915,995 711,233 4,627,228
Accrued vacation 5,145,133 1,045,505 6,190,638
Employee taxes and amounts withheld 733,964 - 733,964
Accrued interest payable 968,173 1,457,298 2,425,471
Loan escrow 51,012 - 51,012
Unearned revenue 507,430 1,414,274 1,921,704
Landfill closure and postclosure costs - 3,091,660 3,091,660
Pollution remediation - 1,986,124 1,986,124
Current maturities
Claims payable 4,852,016 - 4,852,016
Contracts payable 18,058,743 8,522,124 26,580,867
Bonds payable 10,850,000 26,258,693 37,108,693
Total current liabilities 58,321,710 62,826,428 121,148,138
Noncurrent Liabilities
Contracts payable from restricted assets - 6,405,917 6,405,917
Accrued vacation 8,035,554 989,791 9,025,345
Net pension liability 66,396,169 4,187,229 70,583,398
Net OPEB liability 13,187,759 2,425,064 15,612,823
Landfill closure and postclosure costs - 15,420,331 15,420,331
Claims payable 2,132,306 2,076,083 4,208,389
Contracts payable 152,353,302 92,062,606 244,415,908
Bonds payable 187,361,492 451,216,932 638,578,424
Derivative instrument - 13,092,412 13,092,412
Total noncurrent liabilities 429,466,582 587,876,365 1,017,342,947
Total liabilities 487,788,292 650,702,793 1,138,491,085
Deferred In ows of Resources
Advances from other governments 321,589 - 321,589
Pension deferrals 7,363,932 277,487 7,641,419
OPEB deferrals 4,364,865 802,643 5,167,508
Charge on refunding - 354,555 354,555
Accumulated decrease in fair value of hedging derivatives - 8,583,629 8,583,629
Total deferred inflows of resources 12,050,386 10,018,314 22,068,700
Net Position
Net investment in capital assets 166,252,662 507,218,169 673,470,831
Restricted for:
Stabilization by state statute 24,133,159 - 24,133,159
Debt service 22,999,436 - 22,999,436
General government 70,660 - 70,660
Public protection 2,550,858 - 2,550,858
Transportation 2,707,784 - 2,707,784
Culture and recreation 733,048 - 733,048
Community and economic development 12,195,983 - 12,195,983
Perpetual care
Nonexpendable 4,111,545 - 4,111,545
Unrestricted 41,526,432 204,209,597 245,736,029
Total net position $ 277,281,567 $ 711,427,766 $ 988,709,333

The accompanying notes are an integral part of the nancial statements.

W I N S T O N S AL E M , N O R T H C AR O L I N A 49