COG Comprehensive Annual Financial Report

2. Authorized capital projects at June 30, 2018 are comprised of the following:

Project

Expended Through

Unexpended Authorization

Authorization

June 30, 2018

Governmental Funds:

Special Revenue (1) Capital Projects

$

52,576,714 $

39,102,329 300,292,565 339,394,894

$ 13,474,385 252,446,677 $ 265,921,062

552,739,242

$ 605,315,956 $

Enterprise Funds:

Water Resources Stormwater Management Coliseum Solid Waste Management Parking

$ 382,982,201 $

254,216,206 12,531,695 69,760,744

$ 128,765,995 8,253,592 69,758,522 809,175 55,235,478 $ 262,822,762

20,785,287 139,519,266 8,829,433 60,509,855

8,020,258 5,274,377

$ 612,626,042 $

349,803,280

Component Units: GTA

$

13,720,246 $

3,373,207 $ 10,347,039

(1) Includes Powell Bill Transportation Projects.

3. Financial Assistance Programs The City participates in a number of Federal and State financial assistance programs. For the Fiscal Year ended June 30, 2018 these programs were subject to audit in accordance with the Single Audit Act Amendments of 1996, the new Uniform Grant Guidance and the State Single Audit Implementation Act. The amount, if any, of expenditures which may be disallowed by the granting agencies resulting from this and other audits cannot be determined at this time, although the City expects such amounts if any, to be immaterial. 4. Operating Lease Agreement – ABC Board The Greensboro ABC Board has operating leases agreements for various store and office properties. Rental expense for the year ended June 30, 2018 totaled $637,678. Future lease payments, less payments under sublease agreement, are as follows:

Lease

Fiscal Year

Payments

2018-19 2019-20 2020-21 2021-22 2022-23

$ 373,844

191,232 181,726 77,159

6,430 $ 830,391

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