CAFR 2016

-8- Exhibit A-4

City of Greensboro Reconciliation of the Balance Sheet of Governmental Funds To the Statement of Net Position June 30, 2016

Total fund balances - governmental funds

$

135,113,495

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.

371,416,656

Net pension obligation - LGERS.

(9,476,836)

Contribution to the LGERS pension plan in the current fiscal year are Deferred Outflows of Resources on the Statement of Net Position.

7,950,140

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.

79,258,125

Earned revenues considered deferred inflows of resources and unearned revenues in fund statements due to "availability" criteria.

7,331,424

Long-term liabilities included in net position (includes the addition of long-term debt and principal payments during the year.)

(226,709,323)

Pension related deferrals.

(5,302,902)

Miscellaneous adjustments to net position includes investment income receivable not reported in the governmental funds.

254,223

Net position of governmental activities

$

359,835,002

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