Page 62 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

City of Winston-Salem, North Carolina
Statement of Revenues, Expenditures, and
Changes in Fund Balance - Budget and Actual
General Fund Exhibit 5
For the Fiscal Year Ended June 30, 2018 Page 1 of 5

Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
Revenues
Taxes
Property taxes
Current levy $ 104,237,860 $ 104,237,860 $ 104,690,977 $ 453,117
Prior years levies 700,010 700,010 389,417 (310,593)
Penalty and interest on taxes 400,000 400,000 390,022 (9,978)
Total property taxes 105,337,870 105,337,870 105,470,416 132,546
Other local taxes
Local option sales taxes 36,134,120 36,134,120 35,907,743 (226,377)
Gross receipts taxes 347,660 347,660 340,841 (6,819)
Total other local taxes 36,481,780 36,481,780 36,248,584 (233,196)
Total taxes 141,819,650 141,819,650 141,719,000 (100,650)
Licenses and permits
Building permits 1,260,850 1,260,850 1,400,244 139,394
Electrical permits 725,000 725,000 1,041,479 316,479
Plumbing permits 440,000 440,000 453,283 13,283
Heating permits 725,000 725,000 733,927 8,927
Erosion control permits - - 1,250 1,250
Zoning board ordinances 18,500 18,500 14,445 (4,055)
Other construction related permits 156,700 156,700 151,246 (5,454)
Site inspection permits 9,500 9,500 2,400 (7,100)
Zoning permits 240,670 240,670 264,155 23,485
Refrigeration permits 9,500 9,500 6,000 (3,500)
Privilege licenses and penalties 11,000 11,000 10,834 (166)
Motor vehicle licenses 1,763,180 1,763,180 1,823,657 60,477
Other licenses and permits 169,100 169,100 212,355 43,255
Total licenses and permits 5,529,000 5,529,000 6,115,275 586,275

Intergovernmental revenues
Beer and wine excise tax – state 1,057,000 1,057,000 1,042,116 (14,884)
Telecommunications sales tax 1,964,770 1,964,770 1,915,819 (48,951)
Utilities sales tax 13,611,570 13,611,570 13,329,176 (282,394)
Piped natural gas sales tax 551,080 551,080 862,091 311,011
Video programming tax 2,221,370 2,221,370 2,170,118 (51,252)
Payments in lieu of taxes 227,400 227,400 273,215 45,815
Emergency management 60,000 60,000 62,500 2,500
ABC store allocations 1,493,050 1,493,050 1,566,167 73,117
Total intergovernmental revenues 21,186,240 21,186,240 21,221,202 34,962

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

56 2018 AN NUAL R E P O R T