2024 Annual Comprehensive Report

Figure 2 Expenses and Program Revenues – Governmental (In thousands of dollars)

Table A-4 Net Cost – Governmental Activities (In thousands of dollars)

Total Cost of Services

Net Cost of Services

2024

2023

% Change

2024

2023

% Change

$

28.9% (35,355) $ 12.5% (201,053) 1.0% (22,307) 43.8% (14,077) -4.9% (19,673) 14.4% (41,516) -1.9% (13,695) (4,914)

$

30,942

214.3% -12.4%

General Government

$

48,125 212,098 32,765 18,805 38,651 13,726 46,887 19,687 8,433 4,533 443,710

37,321 188,510 32,451 13,078 40,655 6,267 40,998 20,065 6,646

Public Safety Transportation

(178,811) (23,363) (10,042) (23,560) (34,345) (13,125)

4.5%

Engineering and Building Maintenance Environmental Services Culture and Recreation Economic Opportunity ARPA-Enabled Projects Neighborhood Development Field Operations

-40.2% 16.5%

119.0%

2,884 -270.4%

-20.9% -4.3% 355.1% -521.8% -41.5%

26.9% 521.8%

2,079

(815) (729)

729

(4,533)

Total

$

$

386,720

14.7% (355,044) $

$

(250,964)

B. Business-Type Activities Business-type activities increased the City of Greensboro’s net position by $8.6 million, largely attributable to Water Resources charges for services and investment income. The General Fund continued to support the coliseum, solid waste operations, and parking facilities; water and sewer revenues were sufficient to cover operations.

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