2022 Annual Comprehensive Financial Report

Construction Commitments The City has construction commitments on capital projects at June 30, 2022 as follows:

Governmental Funds: Special Revenue

$

8,281,146 32,421,951 40,703,097

Capital Projects

Total Governmental Funds

Enterprise Funds:

Water Resources

106,169,002

Stormwater Management

1,612,571 684,358 3,948,585

Coliseum

Other Non-Major Enterprise

Greensboro Transit Advisory Commission

10,093

Total Enterprise Funds

112,424,609

$

153,127,706

Activity for ABC Board for the year ended June 30, 2022, was as follows:

Beginning Balance

Increases

Decreases Ending Balance

Capital Assets, Non-depreciable: Land

$

4,179,181

$

$

$

4,179,181

Capital Assets, Depreciable: Buildings

7,760,835 530,273 3,234,706 11,525,814

2,208,839

(867,388)

9,102,286 530,273 3,289,506 12,922,065

Improvements Other Than Buildings

Furniture, Fixtures, Machinery and Equipment

54,800

Total Capital Assets, Depreciable

2,263,639

(867,388)

Less Accumulated Depreciation/Amortization for: Buildings

(1,705,776) (518,336) (2,734,049) (4,958,161)

(307,335)

(2,013,111) (523,706) (2,857,643) (5,394,460)

Improvements Other Than Buildings

(5,370)

Furniture, Fixtures, Machinery and Equipment

(123,594) (436,299)

Total Accumulated Depreciation

Total Capital Assets, Depreciable-Net

6,567,653

1,827,340

(867,388)

7,527,605

ABC Board Capital Assets, Net

10,746,834 $

$

1,827,340

$

(867,388)

11,706,786 $

E. Right to Use Leased Assets The City has recorded various right to use leased assets. The assets are right to use assets for leased buildings, computer equipment, equipment, furniture and a vehicle. The right to use assets are amortized on a straight-line basis over the terms of the related leases.

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