2023 Annual Comprehensive Report

CITY OF GREENSBORO Annual Comprehensive Financial Report For the Fiscal Year Ended June 30, 2023

Table of Contents

Exhibit Number

Page

Number

Introductory Section

Letter of Transmittal........................................................................................................................................................................I

Certificate of Achievement for Excellence in Financial Reporting ...........................................................................................XX I X

Organizational Chart ............................................................................................................................................................... . XXX

City Officials ........................................................................................................................................................................... XXXI

Financial Section

Report of Independent Auditor ....................................................................................................................................................... 1

Management’s Discussion and Analysis ...................................................................................................................................... 2

Basic Financial Statements: I. Government-Wide Financial Statements:

Statement of Net Position ............................................................................................ A-1 ................................................. 3 Statement of Activities .................................................................................................. A-2 ................................................. 5

II. Fund Financial Statements: Balance Sheet-Governmental Funds . ......................................................................... A-3 ................................................. 7 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position ................................................................... A-4 ................................................. 9 Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds .................................................................... A-5 ............................................... 10 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities ............................................................................................. A-6 ............................................... 12 Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual - General Fund . ................................................. A-7 ............................................... 14 Statement of Revenues, Expenditures, and Changes in Fund Balances - American Rescue Plan Act Fund .................................................. A-8 ............................................... 22 Statement of Net Position - Proprietary Funds ............................................................ A-9 ............................................... 23 Reconciliation of the Statement of Net Position of Proprietary Funds to the Statement of Net Position ……………………………..………………...A-10 . ........................................... 27