Notes to Schedule of Expenditures of
Federal and State Awards
City of Winston-Salem, North Carolina
For the Fiscal Year Ended June 30, 2018
(1) Basis of Accounting
The accompanying schedule of expenditures of federal and state awards (SEFSA) presents expenditures using
the modified accrual basis of accounting, which is described in Note 1 of the City's basic financial statements,
except for the expenditures of the U.S. Department of Transportation which are recorded on an accrual basis.
The information in this schedule is presented in accordance with the requirements of Title 2 US Code of
Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards and the State Single Audit Implementation Act. Therefore, some amounts
presented in this schedule may differ from amounts presented in, or used in the preparation of the basic
financial statements. The City of Winston-Salem has elected to use the 10-percent de minimis indirect cost
rate as allowed under the Uniform Guidance.
(2) Relationship to Basis Financial Statements
The City records all federal and state financial award revenues in the special revenue funds except for the
U.S. Department of Transportation and Emergency Management Assistance Funds which are recorded in the
Transit Authority and General Fund, respectively.
(3) Loans Outstanding
The City of Winston-Salem had the following loan balances outstanding as of June 30, 2018. The loans made
during the year are included in the SEFSA in the federal expenditures presented in the schedule. Balances and
transactions during related to these programs are included in the City of Winston-Salem's basic financial
statements.
CFDA Amount
Program Title Number Outstanding
Capitalization Grants for State
Revolving Funds 66.458 $79,293,248
245
2018 AN NUAL R E P O R T
The City of Winston-Salem
Our Vision:
A municipal government deserving of public con dence, that provides
excellent and innovative services, and is an active and cooperative
partner in creating a vital community.
Our Mission:
The City of Winston-Salem provides quality, a ordable services that
ensure the health, safety and well-being of citizens, while collaborating
throughout the community to ensure its economic, social and
environmental vitality.
Our Values:
Openness Integrity
Equity Accountability
Teamwork Respect for all citizens
Fiscal soundness Continuous learning & improvement
W I N S T O N S AL E M , N O R T H C AR O L I N A 133
2018 Comprehensive018 Comprehensive018 Comprehensive
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Annual Financial Reportnnual Financial Report
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City of Winston-Salem, North Carolina
134 2018 AN NUAL R E P O R T
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