2022 Annual Comprehensive Financial Report

-8 Exhibit A-4

City of Greensboro Reconciliation of the Balance Sheet of Governmental Funds To the Statement of Net Position June 30, 2022

Total fund balances - governmental funds

$

193,397,146

Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds.

521,998,097

Right to use leased assets used in governmental activities

are not financial resources and therefore not reported in funds

7,731,116

Net pension liability - LGERS Plan. Net pension liability - LEOSSA Plan.

(27,471,044) (26,734,978) (88,283,452)

Net OPEB liability

Contributions and pension administrative costs are

deferred outflows of resources on the Statement of Net Position: LGERS Plan

15,894,890 1,715,298

LEOSSA Plan

Internal service funds are used by management to charge the costs of equipment services, technical services, information services, metro communications, graphic services, employee risk retention, general risk

retention and capital leasing to individual funds. The assets and liabilities of the internal service funds are included in governmental activities in the statement of net position.

85,895,808

Earned revenues considered deferred inflows of resources and unearned revenues in fund statements due to "availability" criteria.

12,894,800

Long-term liabilities included in net position (includes the addition of long-term debt and principal payments during the year.)

(363,323,269)

Pollution Remediation Payable

(1,497,973)

Pension related deferrals: LGERS Plan

(14,950,595)

LEOSSA Plan OPEB Plan

3,885,337

(13,093,773)

Miscellaneous adjustments to net position includes investment income receivable not reported in the governmental funds.

160,818

Net position of governmental activities

$

308,218,226

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