Winston-Salem

Overview


Socioeconomic Data
Population 241,218
Employment 107,708
Unemployment Rate 5.5%  (49 of 116)
Zillow Home Value Index $115,000  (95 of 116)
Government-Wide Revenues and Expenses
General Revenues $170,014,440
Capital Grants and Contributions $6,443,224
Charges For Services $164,698,977
Operating Grants and Contributions $23,869,282
Total Revenues $365,025,923
Total Expenditures $324,343,512
Change in Net Assets $40,682,411
Actuarially Determined Pension Contributions $10,844,942
Pension Contributions Actually Made $10,844,942
Government-Wide Position
Current Assets $402,784,518
Total Assets $1,769,536,524
Current Liabilities $92,250,907
Long Term Debt $803,944,422
Total Net Position $293,673,620
Unrestricted Net Position $85,333,859

Revs and Exps


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Surplus / (Deficit) General Fund Other Funds Total Gov. Funds
FUND BALANCE AT END OF YEAR $  51,102,141 $  140,710,173 $  191,812,314
Surplus/(deficit) 2,712,203 (43,220,753) (40,508,550)
Revenues
Total Revenues $  173,163,552 $  42,338,524 $  215,502,076
Taxes 122,255,030 16,196,609 138,451,639
Intergovernmental revenues 19,739,838 18,781,187 38,521,025
Charges for services 18,792,591 0 18,792,591
Licenses and permits 8,140,839 489,714 8,630,553
Other Revenues 4,235,254 4,274,817 8,510,071
Miscellaneous Gains 0 1,983,941 1,983,941
Investment income 0 612,256 612,256
Expenditures
Total Expenditures $  170,451,349 $  85,559,277 $  256,010,626
Public safety 87,163,960 1,405,292 88,569,252
Capital Outlay 0 37,326,971 37,326,971
General government 28,139,352 3,539 28,142,891
Principal 0 24,546,842 24,546,842
Development 12,066,010 6,582,897 18,648,907
Health and welfare 15,482,856 458,041 15,940,897
Interest 0 10,768,233 10,768,233
Culture, parks and recreation 9,304,398 243,249 9,547,647
Other Debt Service 6,077,613 2,366,333 8,443,946
Public safety 245,993,000 0 0
Public Ways, Highways and Streets 12,217,160 1,857,880 14,075,040

Metrics


General Fund Balance Ratio 29.98%  (35 of 116)
Debt to Revenue Ratio 220.24%  (18 of 116)
Pension ADC to Revenue Ratio 2.97%  (100 of 116)
Annual Change in Home Prices 2.40%  (103 of 116)
Annual Change in Unemployment Rate (0.3%)  (12 of 116)
Fiscal Health Score 67  (64 of 116)
Implied Credit Rating AA+