COG Comprehensive Annual Financial Report

The proposed ten-year Capital Improvements Program (CIP) includes approximately $1.4 billion for projects that will be undertaken during FY 2019-2028 and outlines a future financing plan to maintain the City’s current infrastructure and develop new facilities where needed to help achieve the City Council’s strategic service priorities. A substantial portion of the CIP relates to Street Improvements and Water Resources projects. Additional amounts are planned for Parks and Recreation projects, Libraries and Fire Stations. While the substantial portion of the CIP is funded by bonds and Enterprise Fund operations, the CIP is also funded by grant revenue, including community contributions, community development efforts, transit and other sources. During the 10 year planning period, grants are projected to be available to support a variety of Transportation projects, including sidewalk construction, road projects, and transit improvements. Total Grants funding in the CIP equates to $155 million, approximately 11.1% of the total CIP. Unauthorized bond funding represents 20.2% of the current plan. The CIP also includes $91 million categorized as other revenue. C. Special Achievements The City of Greensboro won a Silver Circle award from the City-County Communications and Marketing Association (3CMA), a recognized network of local government communications. Greensboro ranked second among cities with a population of more than 180,000. Greensboro received the Silver Circle award at the 30th Annual 3CMA conference in Milwaukee, Wisconsin last week. This award recognizes the City’s website (Greensboro-nc.gov) for its digital interactivity of the overall website in the Communication and Marking Tools category. The City of Greensboro has been named one of the top-ranked digital city governments in 2017 by the Center for Digital Government, a national research and advisory institute focused on information technology polices and best practices in state and local government. Among cities with a population larger than 250,000 people, Greensboro ranked third place. The City stood out for its mobile progress, including the TransLoc Rider app that allows real-time tracking of city buses and its Parkmobile app that allows drivers to pay to park at all meters and parking lots using the online mobile payment system. The City of Greensboro is one of 16 employers across the Triad to receive the Triad’s Healthiest Employers Award by the Triad Business Journal and ranked first place in its category of large employers with 1,000-3,000 employees. Greensboro was lauded for its Health Reward program which tracks participation with employees earning cash and paid time off by completing an annual health assessment, biometric screening and preventive visits, along with attending educational programs or participating in a fitness program. City employees can also take boot camp or yoga classes at one of three gym facilities available to employees. Greensboro's Procurement Services Division, a section of the Financial and Administrative Services Department, has received the Sustained Professional Purchasing Award (SPPA) for the eleventh consecutive year, from 2007-17. The award is presented by the Carolinas Association of Governmental Purchasing to agencies having demonstrated overall excellence in a variety of purchasing standards including staff education, technology integration, product innovation, vendor relations, and exceptional stewardship of taxpayer funds. The award exemplifies the Purchasing Division's commitment to its profession and the residents it serves. AWARDS AND ACKNOWLEDGMENT

The City has participated in the Government Finance Officers Association of the United States and Canada (GFOA) Certificate of Achievement Program since 1975. GFOA recognizes governmental units that issue their comprehensive annual financial reports substantially in conformity with the standards of the Governmental Accounting Standards Board. The City has received favorable recognition for its comprehensive annual financial report for forty-three consecutive years, (1975 through 2017). Valid for a period of one year, we believe our current report continues to conform to Certificate of Achievement Program requirements, as an easily readable and efficiently organized CAFR, and we are submitting it to GFOA to determine its eligibility for another certificate. XVIII