Page 85 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

Transfers for Fiscal Year Ended June 30, 2018

Transfers In Transfers Out
General fund $ 8,434,991 $ 5,648,378
Debt service fund 1,986,170 2,000,000
Capital projects fund 349,342 338,529
Special revenue funds
Nonmajor 2,497,966 6,860,376
Enterprise funds
Water and sewer utility - 433,007
Solid waste disposal 543,319 -
Transit Authority - 13,781
Nonmajor 3,605,700 1,993,747
Internal service funds - 129,670
Total $ 17,417,488 $ 17,417,488

D. Capital Assets
The following tables summarize the changes in the components of capital assets for the year ended June 30, 2018:

Governmental Activities
Balance Balance
June 30, 2017 Increase Transfers Decrease June 30, 2018
Capital assets, not being depreciated:
Land $ 76,893,247 $ - $ 2,595,090 $ (138,209) $ 79,350,128
Construction in progress 140,275,300 30,574,651 (26,902,501) - 143,947,450
Total capital assets, not being depreciated 217,168,547 30,574,651 (24,307,411) (138,209) 223,297,578
Capital assets, being depreciated:
Buildings 106,847,463 - 6,204,419 - 113,051,882
Improvements other than buildings 245,545,293 1,074,725 18,102,992 - 264,723,010
Machinery and equipment 120,573,988 7,324,829 - (10,347,847) 117,550,970
Total capital assets, being depreciated 472,966,744 8,399,554 24,307,411 (10,347,847) 495,325,862
Less accumulated depreciation for:
Buildings 36,466,267 2,587,284 - - 39,053,551
Improvements other than buildings 112,851,896 6,338,931 - - 119,190,827
Machinery and equipment 86,007,539 7,449,394 - (10,264,337) 83,192,596
Total accumulated depreciation 235,325,702 $ 16,375,609 $ - $ (10,264,337) 241,436,974
Total capital assets, being depreciated, net 237,641,042 253,888,888
Governmental activities capital assets, net $ 454,809,589 $ 477,186,466

W I N S T O N S AL E M , N O R T H C AR O L I N A 79