COG Comprehensive Annual Financial Report

-8- Exhibit A-4

City of Greensboro Reconciliation of the Balance Sheet of Governmental Funds To the Statement of Net Position June 30, 2018

Total fund balances - governmental funds

$

160,405,654

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.

416,216,411

(30,493,784) (25,045,923) (99,062,392)

Net pension liability - LGERS Plan. Net pension liability - LEOSSA Plan. Net OPEB liability

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

9,475,455 1,443,361

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.

73,199,449

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

8,149,457

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

(273,529,768)

Pension related deferrals: LGERS Plan LEOSSA Plan OPEB Plan

11,498,962 (157,428) (3,270,483)

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

313,403

Net position of governmental activities

$

249,142,374

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