2025 Annual Comprehensive Report

 The City’s net OPEB liability was $84,803,543 at June 30, 2025, as reflected in the Statement of Net Position. The plan’s fiduciary net position increased by $5 million primarily due to the increase in the fair value of investments over the prior year, reflecting the improved interest rate environment. The City places its funds with the State Treasurer for investment with approximately 60% in an Equity Index Fund and 40% in a Bond Index Fund.  The State of North Carolina’s pension system, a multi-employer defined benefit plan in which the City participates, had an overall net pension liability as of June 30, 2025. The City’s total prorata share was $158,022,912 as reflected in Note I-1 on page 39pp.  The City’s Law Enforcement Special Separation Allowance (LEOSSA) net pension liability was $34,828,434 at June 30, 2025, as reflected in Note I-2 on page 39ss.  In FY 25 the City spent $30.2 million and $13.8 million for federal and state-funded grant programs, respectively, compared to $28.5 million in federal and $18.6 million in state funding last year. Key Ratios

 Guilford County property tax revaluation normally occurs every five years. The next revaluation will occur in FY 2026, one year early, as required by state regulations when certain valuation calculations are not met and will be effective in FY 2027.  The City’s governmental general obligation bonded debt increased by $25.7 million due to the issuance of $53.9 million in taxable ($10,000,000 Series 2025A) and non-taxable ($43,920,000 Series 2025B) General Obligation Bonds. In addition, scheduled principal payments, and premium amortization decreased general obligation bonded debt by $32.9 million; increasing the debt per capita to $1,063.  The City of Greensboro maintained its AAA general obligation credit rating from Standard and Poor’s along with its Aaa rating from Moody’s Investors Service. S&P Global Ratings (S&P) General Obligation Bonds Currently AAA Target AAA Enterprise System Revenue Bonds Currently AAA Target AAA Limited Obligation Bonds Currently AA+ Target AA+ Moody’s Investors Service (Moody’s) General Obligation Bonds Currently Aaa Target Aaa Enterprise System Revenue Bonds Currently Aa1 Target Aaa Limited Obligation Bonds Currently Aa1 Target Aa1

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