2021 Annual Comprehensive Financial Report

S&P Global Ratings (S&P) General Obligation Bonds Enterprise System Revenue Bonds Limited Obligation Bonds Moody’s Investors Service (Moody’s) General Obligation Bonds Enterprise System Revenue Bonds

Currently AAA Currently AAA Currently AA+

Target AAA Target AAA Target AA+

Currently Aaa Currently Aa1 Currently Aa2

Target Aaa Target Aaa Target Aa1

Limited Obligation Bonds

Fitch Ratings (Fitch) General Obligation Bonds

Currently AAA Currently AAA Currently AA+

Target AAA Target AAA Target AA+

Enterprise System Revenue Bonds Limited Obligation Bonds

OVERVIEW OF THE FINANCIAL STATEMENTS This discussion and analysis are intended to serve as an introduction to the City of Greensboro’s basic financial statements. The financial statements include two kinds of statements that present different views of the City: 1) Government-Wide Financial Statements and 2) Fund Financial Statements. Both perspectives, however, are essential and complementary components that allow the user to address relevant questions, broaden a basis for comparison, and enhance the City’s accountability. Another element of the basic financial statements is the notes to the financial statements. In addition to the basic financial statements, this report contains other supplemental information that will enhance the reader’s understanding of the financial condition of the City of Greensboro. (See Figure 1) Figure 1 Required Components of Annual Financial Report

Management’s Discussion and Analysis

Basic Financial Statements

Government- Wide Financial Statements

Notes to the Financial Statements

Fund Financial Statements

Summary

Detail

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