CAFR 2017

3. Interfund Transfers:

Non-Major

Internal Service

General

Governmental

Fund

Funds

Funds

Transfers From:

$

(35,935,725)

$

(19,216,308)

$

(115,138)

Transfers To: General Fund

$

$

6,066,000

$

53,000

Debt Service Fund

21,238,110 2,241,423 2,700,000 1,897,393 7,858,799 35,935,725

2,513

Non-major Governmental Funds

2,881,997

6,635

Enterprise Funds:

War Memorial Coliseum Solid Waste Management

10,265,798

Internal Service Funds

55,503 115,138

Total

$

$

19,216,308

$

Stormwater Management Fund

Total

Transfers From:

$

(7,500)

$

(55,274,671)

Transfers To: General Fund

$

$

6,119,000 21,240,623 5,137,555 12,965,798 1,897,393 7,914,302 55,274,671

Debt Service Fund

Non-Major Governmental Funds

7,500

Enterprise Funds:

War Memorial Coliseum Solid Waste Management

Internal Service Funds

Total

$

7,500

$

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 $3,773,528 to the General Fund in Fiscal Year 2017, which was recorded as Intergovernmental Revenue. The Greensboro Transit Authority transferred $17,600 to the State and Federal Grants fund in Fiscal Year 2017, 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, 2017 is $1,604,171,430. Long-term Bonded Debt consists of the following: 1. General Governmental Improvement General Obligation Bonds/Anticipation Notes These outstanding tax-exempt and taxable bonds bear interest, payable monthly, at variable rates along with interest payable semi-annually at fixed rates from 2.00% to 5.00%. The outstanding tax-exempt and taxable variable rate bonds

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