2021 Annual Comprehensive 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, 2021: 1. Internal Receivables/Payables:

General Fund

Receivable by: Non-Major Governmental Funds

$

433,000

Current Payable From: Non-Major Governmental Funds

Workforce Investment Act (WIA)

$

415,000

Graphic Services

18,000

Total

$

433,000

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

Receivable By: General Fund

Payable From: Component Unit - ABC Board

$

1,784,037

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 Workforce Investment Act (WIA) Fund ($415,000) and the Graphic Services Fund ($18,000).

3. Interfund Transfers:

Non-Major

Internal Service

Greensboro

General

Governmental

Transit Advisory

Fund

Funds

Funds

Commission

Total

$

(39,025,002)

(10,016,299) $

$

(55,503)

$

(118,362)

(49,215,166) $

Transfers From:

Transfers To: General Fund

$

6,110,744 $

$

$

$

6,110,744 24,790,423 4,235,059 3,909,054 1,830,537 230,115 8,109,234

Debt Service Fund

24,790,423 1,450,311

Non-Major Governmental Funds

2,666,386

118,362

Enterprise Funds: Coliseum

2,900,000 1,830,537

1,009,054

Solid Waste Management

Greensboro Transit Advisory Commission

230,115

Internal Service Funds

8,053,731 39,025,002

55,503 55,503

Total

$

10,016,299 $

$

$

118,362

49,215,166 $

Transfers are used to move unrestricted revenues to finance various programs that the government must account for in other funds in accordance with budgetary authorizations, including amounts provided as matching funds for various grant programs.

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