2023 Annual Comprehensive Report

-3 Exhibit A-1 Page 1 of 2

City of Greensboro Statement of Net Position June 30, 2023

Primary Government

Governmental

Business-Type

Component

ASSETS

Activities

Activities

Total

Units

Cash and Cash Equivalents/Investments

$ 236,811,195

$

117,938,618

$

354,749,813

$

4,936,108

Receivables, Net Taxes

3,424,737 37,039,832 46,035,163 1,242,402 447,912 1,085,286 (10,208,577) 862

243,580

3,668,317 59,738,187 50,457,829 2,397,447 1,019,840 1,085,286 1,189,212 9,675,099 381,320 695,179 13,396,372 6,037,330 17,761,774 862

Accounts, Notes and Mortgages

22,698,355

5,004

Rent

Intergovernmental

4,422,666 1,155,045 571,928

244,220

Interest Leases

Real Estate Foreclosed

Internal Balances

10,208,577

Due from Component Unit

1,189,212 3,048,200

Inventories

6,626,899 288,355

10,038,247 354,512 4,670,329

Miscellaneous

92,965 695,179

Assets Held for Resale

Self-Funded Retention Deposits

13,396,372

Note Receivable

6,037,330 8,207,574

1,631,962

Lease Receivable, Noncurrent

9,554,200

Restricted Assets:

Temporarily Restricted: Cash and Cash Equivalents/Investments

112,420,141

106,238,830

218,658,971

160,870

Receivables, (Net): Assessments Intergovernmental

433,564 3,632,873 402,526

433,564 3,635,126 402,526

2,253

Interest

Permanently Restricted: Cash and Cash Equivalents/Investments

2,682,576

2,682,576

Capital Assets, Net Non-Depreciable: Land

119,980,563 25,761,075

62,453,489 258,463,345 27,490,908 57,583,835 (33,756,066) 548,766,182 (232,948,358) 31,682,873 (8,545,297) 141,397,097 (80,723,974) 846,630,416 (420,719,004) 101,118,043 (29,391,579)

182,434,052 284,224,420 27,490,908

5,242,017 858,748

Construction in Progress Intangible Assets - Easements

Depreciable/Amortizable: Land Improvements

59,513,893 (32,760,464) 229,752,376 (111,089,708) 188,668,311 (138,508,338) 429,847,725 (195,785,907) 4,866,786 (4,520,188) 20,283,621 10,203,651 1,065,246,156 94,000 (21,150)

117,097,728 (66,516,530) 778,518,558 (344,038,066) 31,776,873 (8,566,447) 330,065,408 (219,232,312) 1,276,478,141 (616,504,911) 105,984,829 (33,911,767) 20,589,417 11,323,490 2,625,280,421

429,282 (141,384) 8,684,203 (1,960,567) 530,273 (526,749) 2,716,302 (1,896,485)

Accumulated Depreciation

Buildings

Accumulated Depreciation

Improvements Other than Buildings

Accumulated Depreciation

Furniture, Fixtures, Machinery and Equipment

Accumulated Depreciation

Infrastructure

Accumulated Depreciation

Intangible Assets: Software & Licenses and Water Rights

Accumulated Amortization

Right to Use Lease Assets, Net of Accum. Amortization Right to Use IT Subscription Assets, Net of Accum. Amortization

305,796 1,119,839

2,870,816

Total Assets

1,560,034,265

38,847,708

DEFERRED OUTFLOWS OF RESOURCES Deferred Bond Refunding Charges

4,239,360 57,391,532 21,673,537 9,990,197 93,294,626

1,141,766 11,270,090 4,369,952 2,486,433 19,268,241

5,381,126 68,661,622 26,043,489 12,476,630 112,562,867

Pension Deferrals

1,317,444 221,330 179,732 1,718,506

Current Year Pension Contributions

OPEB Deferrals

Total Deferred Outflows of Resources

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