2025 Annual Comprehensive Report

Activity for ABC Board for the year ended June 30, 2025, was as follows:

Beginning Balance

Increases

Decreases Ending Balance

Capital Assets, Non-depreciable: Land

$

6,643,167 $

1,052,384$

$

7,695,551 3,773,537 11,469,088

Construction in Progress

813,221 7,456,388

3,394,715 4,447,099

(434,399) (434,399)

Total Capital Assets, Non-depreciable

Capital Assets, Depreciable: Buildings

10,013,880 418,996 3,080,813 521,205 6,683,807 20,718,701 (2,236,816) (172,816) (1,650,004) (521,205) (1,167,048) (5,747,889)

296,283

521,205

10,831,368 418,996 3,462,419 8,315,327 23,028,110 (3,091,093) (180,908) (2,046,482) (1,804,807) (7,123,290)

Improvements Other Than Buildings

Furniture, Fixtures, Machinery and Equipment

381,606

Lease Hold Improvements Right to Use Lease Assets

(521,205) (35,917) (35,917)

1,667,437 2,345,326

Total Capital Assets, Depreciable

Less Accumulated Depreciation/Amortization for: Buildings

(333,072)

(521,205)

Improvements Other Than Buildings

(8,092)

Furniture, Fixtures, Machinery and Equipment

(396,478)

Lease Hold Improvements Right to Use Lease Assets

521,205 35,917 35,917

(673,676) (1,411,318)

Total Accumulated Depreciation

Total Capital Assets, Depreciable-Net

14,970,812

934,008

15,904,820

ABC Board Capital Assets, Net

$ 22,427,200 $

5,381,107 $ (434,399) $ 27,373,908

E. Closure and Postclosure Care Cost – White Street Landfill The City owns and operates a regional landfill site located in the northeast portion of the City. State and federal laws require the City to place a final cover on its White Street landfill site and to perform certain maintenance and monitoring functions at the site for thirty years after closure. The City reports a portion of these closure and postclosure care costs as an operating expense in each period based on landfill capacity used as of each June 30. The $48,416,401 reported as landfill closure and postclosure care liability at June 30, 2025 is based on 100% use of the estimated capacity of Phase II and Phase III, Cells 1 and 2. Phase III, Cell 3 is estimated at 62% of capacity. The Solid Waste transfer facility, which opened in 2006, is located in an industrial section of western Greensboro and accepts waste from the City’s solid waste collection services and from private haulers, with waste transported off-site daily to a private site outside of the City. It is expected that White Street Landfill will only be utilized for disposal of construction, demolition debris, yard waste and certain incinerated waste and in the event that the transfer station is not operational. The estimated liability amounts are based on what it would cost to perform all closure and postclosure care in the current year. Actual costs may be higher due to inflation, changes in technology, or changes in regulations. At June 30, 2025, the City had expended $3,876,035 to complete closure of the White Street facility, Phase II and $2,535,980 to begin closure activities at the construction and demolition site located on top of the municipal waste filled space. Starting in FY2023, the City has expended $6,972,524 as of June 30, 2025 for closure of 12.5 acres in Phase III. The balance of closure costs, estimated at $25,650,953 and an estimated $22,765,448 for postclosure care will be funded over the remaining life of the landfill, estimated to be until 2036 if the Phase III permit is modified to accept construction and demolition waste.

39v