2025 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, 2025

Total fund balances - governmental funds

$

411,234,760

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.

578,463,276

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

(128,251,394) (34,828,434) (64,661,398)

Net OPEB liability

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

26,101,114 1,847,118

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.

89,211,261

17,750,714

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

(483,849,490)

Pollution Remediation Payable

(21,523,746)

Pension related deferrals: LGERS Plan

41,054,748 8,218,222 (30,888,789)

LEOSSA Plan OPEB Plan

Arbitrage Rebate Payable

(1,043,307)

Net position of governmental activities

$

408,834,655

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