COG Comprehensive Annual Financial Report

An estimated pollution remediation obligation of $1,518,627 is recorded in the Statement of Net Position in the Solid Waste Management Enterprise Fund. This amount reflects current estimates for groundwater pollution remediation noted at the City’s White Street landfill, in an active part of the disposal site, not associated with closure and postclosure activities. City staff has voluntarily worked with appropriate State regulators to assess the environmental impact and to develop a corrective action plan. The estimated cost of remediation is based on an external consultant’s estimate for the corrective action plan, which involves phyto-remediation and monitored natural attenuation activities. Should further activities become necessary, such as constructing a pump and treat system, cost estimates would then be re-evaluated. Remediation activities began in Fiscal Year 2010 and are ongoing. Certain other sites associated with pollution activity within the City have been identified, primarily pertaining to former waste disposal or prior property use; however, costs for remediation activities are not estimable as of June 30, 2018. In addition, we estimate no future recoveries to potentially reduce the recorded pollution liabilities in Fiscal Year 2018. F. Interfund Receivables, Payables and Transfers The following is a schedule of interfund receivables and payables due to/from primary government and component units at June 30, 2018: 1. Internal Receivables/Payables: Housing Partnership Revolving General Capital Fund Improvement II Total Receivable by: Non-Major Governmental Funds $ 734,675 $ 294,400 $ 1,029,075 Current Payable From: Non-Major Governmental Funds Community Development Block Grant $ 734,675 $ 734,675 Street & Sidewalk Capital Project Fund 294,400 294,400 Total $ 734,675 $ 294,400 $ 1,029,075

2. Due To/FromPrimary Government andComponent Unit:

Receivable By: General Fund $ 592,688

Payable From: Component Unit - ABC Board

Internal receivables and payables were recorded due to timing lags in receipt of funds from outside parties. Current internal balances represent amounts advanced to the Community Development Block Grant Fund ($734,675) and the Street & Sidewalk Capital Project Fund ($294,400) pending reimbursement receipts from grantor agencies in the next fiscal year.

38x