COG Comprehensive Annual Financial Report
3. Interfund Transfers:
Non-Major Governmental Funds
Internal Service Funds
General Fund
Transfers From:
$
(40,152,745)
$
(11,638,487)
$
(108,503)
Transfers To: General Fund
$
$ 6,366,000
$
53,000
Debt Service Fund
25,920,000 1,716,511 2,980,572 1,830,537 7,705,125 40,152,745
Non-major Governmental Funds
2,911,587
Enterprise Funds: Coliseum
2,360,900
Solid Waste Management
Internal Service Funds
55,503 108,503
Total
$
$
11,638,487
$
Stormwater Management Fund
Total
Transfers From:
$
(7,500)
$ (51,907,235)
Transfers To: General Fund
$
$ 6,419,000
Debt Service Fund
25,920,000 4,635,598 5,341,472 1,830,537 7,760,628
Non-Major Governmental Funds
7,500
Enterprise Funds: Coliseum
Solid Waste Management
Internal Service Funds
Total
$
7,500
$ 51,907,235
Transfers are used to move unrestricted revenues to finance various programs that the government must account for in other funds in accordance with budgetary authorizations, including amounts provided as matching funds for various grant programs. The Greensboro ABC Board transferred $3,850,646 to the General Fund in Fiscal Year 2018, which was recorded as Intergovernmental Revenue. The Greensboro Transit Authority transferred $17,600 to the State and Federal Grants fund in Fiscal Year 2018, which was recorded as an expense in the GTA Fund and revenue to the State and Federal Grants Fund. G. Long-Term Debt Long-term Bonded Debt of the City consists of General Obligation Bonds, which are collateralized by the full faith, credit and taxing power of the City and are issued for both general governmental improvements and for Proprietary Fund purposes. The City’s legal debt margin as of June 30, 2018 is $1,743,122,415. Long-term Bonded Debt consists of the following:
38y
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