2023 Annual Comprehensive Report

-9 Exhibit A-4

City of Greensboro Reconciliation of the Balance Sheet of Governmental Funds To the Statement of Net Position June 30, 2023

Total fund balances - governmental funds

$

323,069,030

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.

539,216,440

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

(100,733,967) (29,497,172) (84,708,149)

Net OPEB liability

Contributions and pension administrative costs are deferred outflows of resources on the Statement of Net Position: LGERS Plan

18,551,161 1,755,186

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

89,549,095

15,748,636

Long-term liabilities including bonds payable, are not due and payable of long-term debt and principal payments during the year.)

(421,347,696)

Pollution Remediation Payable

(1,449,346)

Pension related deferrals: LGERS Plan

46,455,661 5,737,897 (13,826,362)

LEOSSA Plan OPEB Plan

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

911,365

Net position of governmental activities

$

389,431,779

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