Page 60 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

City of Winston-Salem, North Carolina
Statement of Revenues, Expenditures, and Changes in Fund Balances
Governmental Funds

For the Fiscal Year Ended June 30, 2018 Exhibit 4
Other Total
Debt Service Capital Governmental Governmental
General Fund Fund Projects Fund Funds Funds
Revenues
Taxes $ 141,719,000 $ 21,780,104 $ - $ 1,426,455 $ 164,925,559
Licenses and permits 6,115,275 - - 543,254 6,658,529
Intergovernmental 21,221,202 1,256,609 2,753,420 16,128,138 41,359,369
Investment income - 1,808,857 270,618 671,177 2,750,652
Charges for services 19,104,518 - - - 19,104,518
Capital lease charges - 550,000 597,013 - 1,147,013
Other 6,249,941 2,065,442 2,841,388 584,024 11,740,795
Total revenues 194,409,936 27,461,012 6,462,439 19,353,048 247,686,435
Expenditures
Current
General government 32,218,813 - - - 32,218,813
Public protection 104,936,238 - - 2,296,272 107,232,510
Environmental health 20,551,537 - - - 20,551,537
Transportation 13,817,454 - - 2,678,783 16,496,237
Culture and recreation 11,005,689 - - 596,038 11,601,727
Community & economic development 14,039,904 - - 8,914,547 22,954,451
Other - 369,425 - - 369,425
Capital outlay - - 37,004,673 - 37,004,673
Debt service
Principal retirement
Bond - 8,145,000 - - 8,145,000
Other - 7,129,571 9,620,000 333,000 17,082,571
Interest and scal charges
Bond - 7,192,077 - - 7,192,077
Other - 5,350,137 1,423,687 31,828 6,805,652
Total expenditures 196,569,635 28,186,210 48,048,360 14,850,468 287,654,673
Excess of revenues over (under)
expenditures (2,159,699) (725,198) (41,585,921) 4,502,580 (39,968,238)
Other Financing Sources (Uses)
Issuance of limited obligation bonds - 2,015,000 - - 2,015,000
Premium on general obligation bonds - - 6,810,320 - 6,810,320
Issuance of general obligation bonds - - 63,805,000 - 63,805,000
Capital leases - - 31,510,479 - 31,510,479
Issuance of refunding LOBS - 10,795,000 2,250,000 - 13,045,000
Payment to refunded LOBS escrow agent - (10,725,000) (2,235,000) - (12,960,000)
Transfers in 8,434,991 1,986,170 349,342 2,497,966 13,268,469
Transfers out (5,648,378) (2,000,000) (338,529) (6,860,376) (14,847,283)
Total other financing sources (uses), net 2,786,613 2,071,170 102,151,612 (4,362,410) 102,646,985
Net change in fund balances 626,914 1,345,972 60,565,691 140,170 62,678,747
Fund balance - beginning 49,554,191 23,618,105 30,327,347 52,421,579 155,921,222
Fund balances - ending $ 50,181,105 $ 24,964,077 $ 90,893,038 $ 52,561,749 $ 218,599,969

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

54 2018 AN NUAL R E P O R T