2020 Comprehensive Annual Financial Report

-3-

City of Greensboro Statement of Net Position

Exhibit A-1 Page 1 of 2

June 30, 2020

Primary Government

Governmental

Business-Type

Component

ASSETS

Activities

Activities

Total

Units

Cash and Cash Equivalents/Investments

$ 149,698,905

$

88,120,252

$

237,819,157

$

4,680,196

Receivables, Net Taxes

3,825,006 40,949,942

362,444

4,187,450 59,663,877 43,356,162 1,292,521 5,435

Accounts, Notes and Mortgages

18,713,935

16,142

Assessments

5,435

Intergovernmental

38,981,047

4,375,115

21,306

Interest

363,068 741,024

929,453

Real Estate Foreclosed

741,024

Internal Balances

(8,683,681)

8,683,681

Due from Component Unit

883,661

883,661

Inventories

2,072,505

5,116,189

7,188,694

3,780,221

Miscellaneous

135,860 695,180

539,446

675,306 695,180

137,755

Assets Held for Resale

5,192,601

Self-Funded Retention Deposits Long-Term Note Receivable

16,563,280

16,563,280 8,591,098

8,591,098

2,118,711

Restricted Assets: Temporarily Restricted: Cash and Cash Equivalents/Investments

111,989,470

105,403,768

217,393,238

Receivables, (Net): Accounts, Notes and Mortgages

325,556

325,556 481,572

Assessments

481,572

Intergovernmental

3,311,891

3,311,891

Interest

168,645

168,645

Permanently Restricted: Cash and Cash Equivalents/Investments

2,582,813

2,582,813

Capital Assets, Net Non-Depreciable: Land

113,678,240 25,192,612

61,666,163 175,237,008 26,239,893 51,158,494 (28,105,055) 486,563,382 (185,911,122) 10,083,240 (6,189,418) 123,153,369 (62,128,785) 775,062,595 (367,326,530) 98,039,270 (23,369,565) 1,378,970,428

175,344,403 200,429,620 26,239,893 100,631,738 (53,925,643) 678,862,195 (281,627,399) 10,177,240 (6,203,518) 314,138,116 (195,106,105) 1,159,720,052 (537,475,458) 102,208,205 (27,530,113) 2,271,809,786

4,179,181

Construction in Progress Intangible Assets - Easements

Depreciable: Land Improvements

49,473,244 (25,820,588) 192,298,813 (95,716,277)

Accumulated Depreciation

Buildings

6,958,191 (1,498,155) 521,205 (498,699) 3,024,815 (2,492,185)

Accumulated Depreciation

Improvements Other than Buildings

94,000

Accumulated Depreciation

(14,100)

Furniture, Fixtures, Machinery and Equipment

190,984,747 (132,977,320) 384,657,457 (170,148,928) 4,168,935 (4,160,548) 892,839,358

Accumulated Depreciation

Infrastructure

Accumulated Depreciation

Intangible Assets

Accumulated Amortization

Total Assets

26,141,285

DEFERRED OUTFLOWS OF RESOURCES Unamortized Bond Refunding Charges

517,468

2,535,105 4,113,191 2,577,178 3,261,399 12,486,873

3,052,573 26,555,067 16,996,220 17,457,843 64,061,703

Pension Deferrals

22,441,876 14,419,042 14,196,444 51,574,830

316,512 251,670

Current Year Pension Contributions

OPEB Deferrals

1,086

Total Deferred Outflows of Resources

569,268

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