Page 86 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

Business-type Activities
Balance Balance
June 30, 2017 Increase Tranfers Decrease June 30, 2018
Capital assets, not being depreciated:
Land $ 44,116,759 $ - $ 591,387 $ (361,680) $ 44,346,466
Construction in progress 190,332,158 56,665,419 (60,980,627) - 186,016,950
Total capital assets, not being depreciated 234,448,917 56,665,419 (60,389,240) (361,680) 230,363,416
Capital assets, being depreciated:
Buildings 326,103,642 - 1,370,420 - 327,474,062
Improvements other than buildings 952,771,116 7,888,376 59,018,820 (3,727,245) 1,015,951,067
Machinery and equipment 77,526,199 4,018,776 - (6,016,512) 75,528,463
Total capital assets, being depreciated 1,356,400,957 11,907,152 60,389,240 (9,743,757) 1,418,953,592
Less accumulated depreciation for:
Buildings 126,345,211 7,860,242 - - 134,205,453
Improvements other than buildings 396,253,955 24,899,685 - (1,075,466) 420,078,174
Machinery and equipment 50,510,459 4,711,361 - (5,973,619) 49,248,201
Total accumulated depreciation 573,109,625 $ 37,471,288 $ - $ (7,049,085) 603,531,828
Total capital assets, being depreciated, net 783,291,332 815,421,764
Business-type activities capital assets, net $1,017,740,249 $1,045,785,180

The City has outstanding project authorizations for general governmental projects in the amount of $123,403,673 with
$26,226,911 in unexpended commitments and outstanding authorizations for capital projects in enterprise funds
amounting to $251,689,751 with $53,560,547 in unexpended commitments. Funding for these commitments has been
identi ed in capital project ordinances and should not require future nancing.
During the scal year ended June 30, 2018, the total interest and scal charges in the enterprise funds were $22,435,202
of which $2,884,821 net of interest income was capitalized to construction projects.
Depreciation expense was charged to functions/programs as follows:
Governmental Activities Depreciation
Expense For
Year Ended
June 30, 2018
General government $ 1,949,066
Public protection 4,658,225
Environmental health 1,811,573
Transportation 5,171,473
Culture and recreation 1,686,102
Community and economic development 1,099,170
Total $ 16,375,609

Business-type Activities Depreciation
Expense For
Year Ended
June 30, 2018
Water and sewer utility $ 26,939,559
Solid waste disposal 4,313,764
Transit Authority 2,946,743
Parking 448,711
Stormwater management 907,022
Public assembly facilities management 1,915,489
Total $ 37,471,288

80 2018 AN NUAL R E P O R T