Page 57 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

Exhibit 2
Net (Expense) Revenue and Changes in Net Position

Governmental Business-Type
Activities Activities Total

Activities:
Governmental:
General government $ (13,679,205) $ - $ (13,679,205)
Public protection (101,600,999) - (101,600,999)
Environmental health (17,369,989) - (17,369,989)
Transportation (4,176,556) - (4,176,556)
Culture and recreation (11,910,275) - (11,910,275)
Community and economic development (10,094,327) - (10,094,327)
Interest and scal charges (12,828,440) - (12,828,440)
Total governmental activities (171,659,791) - (171,659,791)
Business-type:
Water and sewer utility - 34,313,878 34,313,878
Solid waste disposal - 923,274 923,274
Stormwater management - 3,995,473 3,995,473
Parking - (318,925) (318,925)
Transit Authority - (11,750,643) (11,750,643)
Public assembly facilities management - (2,794,174) (2,794,174)
Risk Acceptance Management Corporation - (2,286,371) (2,286,371)
Total business-type activities - 22,082,512 22,082,512
Total City of Winston-Salem (171,659,791) 22,082,512 (149,577,279)

General revenues:
Taxes:
Property taxes 121,372,562 10,434,990 131,807,552
Sales taxes 42,370,619 - 42,370,619
Gross receipts taxes 340,841 - 340,841
Occupancy taxes 842,962 - 842,962
Beer and wine excise tax-state 1,042,116 - 1,042,116
Telecommunications sales tax 1,915,819 - 1,915,819
Utilities sales tax 13,329,176 - 13,329,176
Piped natural gas sales tax 862,091 - 862,091
Video programming tax 2,170,118 - 2,170,118
Payment in lieu of taxes 273,215 - 273,215
ABC store allocations 1,566,167 - 1,566,167
Investment income 2,901,158 14,479,474 17,380,632
Transfers
Government-wide (1,708,484) 1,708,484 -
Total general revenues and transfers 187,278,360 26,622,948 213,901,308
Change in net position 15,618,569 48,705,460 64,324,029
Net position - beginning, as previously stated 280,601,580 666,204,875 946,806,455
Cumulative e ect adjustment (18,938,582) (3,482,569) (22,421,151)
Total net position - beginning, as adjusted 261,662,998 662,722,306 924,385,304
Total net position - ending $ 277,281,567 $ 711,427,766 $ 988,709,333

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

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