2020 Comprehensive Annual Financial Report

F. Interfund Receivables, Payables and Transfers The following is a schedule of interfund receivables and payables due to/from primary government and component units at June 30, 2020: 1. Internal Receivables/Payables: Greensboro Transit

General Fund

Advisory Commission

Total

Receivable by:

General Fund Enterprise Funds: Greensboro Transit Advisory Commission Total

$

35,500

$

$ 35,500

630,500 $ 630,500

630,500 $ 666,000

$

35,500

Current Payable From: General Fund

$

$ 630,500

$ 630,500

Non-Major Governmental Funds Workforce Investment Act (WIA) Total

35,500 35,500

35,500 $ 666,000

$

$ 630,500

2. Due To/From Primary Government and Component Unit:

Receivable By: General Fund $ 883,661

Payable From: Component Unit - ABC Board

Internal receivables and payables were recorded due to timing lags in receipt of funds from outside parties. Current internal balances represent amounts advanced to the Greensboro Transit Advisory Commission Fund ($630,500) and the Workforce Investment Act (WIA) Fund ($35,500).

37x