Page 79 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

Restricted for public protection – portion of fund balance restricted by revenue source for certain emergency telephone system
expenditures.
Restricted for transportation – portion of fund balance restricted by revenue source for transportation expenditures.
Restricted for culture and recreation – portion of fund balance restricted by revenue source for cultural and recreational
expenditures.
Restricted for community and economic development – portion of fund balance restricted by revenue source for community
and economic development expenditures.

Committed Fund Balance – portion of fund balance that can only be used for speci c purposes imposed by majority vote by quorum
of the City of Winston-Salem’s City Council. Any changes or removal of speci c purpose requires majority action by City Council.
Committed for capital improvements – portion of fund balance committed by City Council for capital improvements.
Committed for community and economic development – portion of fund balance committed by City Council for community
and economic development.
Assigned Fund Balance – portion of fund balance that the City Council has assigned for speci c management purposes. The City
Council may delegate to the City Manager or Chief Financial O cer the authority to assign a portion of fund balance to promote
sound nancial operations of the City or to meet a future obligation.
Subsequent year’s budget – portion of fund balance that is appropriated in the adopted 2018-2019 Budget Ordinance and as
approved by City Council on June 18, 2018 that is not already classi ed in restricted or committed.
Unassigned fund balance – portion of fund balance that has not been restricted, committed, or assigned to speci c purposes within the
general fund. The general fund is the only governmental fund that can report a positive amount of unassigned fund balance. However,
for governmental funds other than the general fund, if expenditures incurred for speci c purposes exceed the restricted, committed, or
assigned resources available for those purposes the de cit would be reported in the unassigned category.

The City of Winston-Salem will use resources in the following hierarchy: bond proceeds, federal funds, state funds, local non-city
funds, city funds. For purposes of fund balance classi cation expenditures are to be spent from restricted fund balance rst,
followed in-order by committed fund balance, assigned fund balance and lastly unassigned fund balance.
The City of Winston-Salem’s nancial policy is to maintain a minimum unassigned fund balance of 14% of the estimated general
fund expenditures.

Fund Balance June 30, 2018
Nonspendable
Loans $ 930,361
Inventories 958,607
Prepaids 51,764
Perpetual care 4,111,545
Restricted
Stabilization by state statute 24,133,159
Debt service 22,999,436
Capital improvements 54,794,529
General government 70,660
Public protection 2,550,858
Transportation 2,707,784
Culture and recreation 733,048
Community and economic development 12,195,983
Committed
Capital improvements 36,098,509
Community and economic development 29,933,252
Assigned
Subsequent year’s budget 2,000,000
Unassigned 24,330,474
Total $ 218,599,969

W I N S T O N S AL E M , N O R T H C AR O L I N A 73