Page 66 - 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 5 of 5

Variance with
Final Budget
Final Positive
Original Budget Budget Actual (Negative)
Other Financing Sources (Uses)
Transfers in
Community development fund $ 993,480 $ 993,480 $ 848,437 $ (145,043)
Gasoline tax fund 5,290,970 5,318,210 5,361,529 43,319
Economic and housing development fund 66,210 66,210 66,210 -
Cemetery perpetual care fund 176,430 176,430 176,430 -
Water and sewer utility fund 83,010 83,010 70,794 (12,216)
Stormwater fund 1,825,350 1,825,350 1,812,641 (12,709)
Workers’ compensation fund 98,950 98,950 98,950 -
Total transfers in 8,534,400 8,561,640 8,434,991 (126,649)

Transfers out
Grants fund (608,440) (685,310) (664,090) 21,220
Economic and housing development fund (2,834,320) (2,834,320) (1,634,320) 1,200,000
Debt service fund (1,986,170) (1,986,170) (1,986,170) -
Capital projects fund (52,540) (52,540) (52,535) 5
Cemetery perpetual care fund (63,333) (63,333) (63,333) -
Parking fund (495,150) (495,150) (495,150) -
Public assembly facilities management fund (665,550) (752,780) (752,780) -
Total transfers out (6,705,503) (6,869,603) (5,648,378) 1,221,225
Total other nancing sources, net 1,828,897 1,692,037 2,786,613 1,094,576

Excess of revenues and other nancing
sources over (under) expenditures and
other uses (2,035,000) (4,325,043) 626,914 4,951,957
Fund balance July 1 49,554,191 49,554,191 49,554,191 -
Fund balance June 30 $ 47,519,191 $ 45,229,148 $ 50,181,105 $ 4,951,957

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

60 2018 AN NUAL R E P O R T