2020 Comprehensive Annual Financial Report

-27- Exhibit A-11

City of Greensboro Reconciliation of the Statement of Revenues, Expenses, and Changes in Net Position-Proprietary Funds To the Statement of Activities For the Fiscal Year Ended June 30, 2020

Amounts reported for business-type activities in the statement of activities are different because:

Net change in fund balances----total proprietary funds.

$

54,225,561

Internal service funds are used by management to charge the costs of fleet management and management information systems to individual funds. The net revenue (loss) of certain activities of internal service funds is reported with business-type activities.

810,530

Change in net position of business-type activities

$

55,036,091

The notes to the financial statements are an integral part of this statement.