Comprehensive Annual Financial Report FY 2016

-3- Exhibit A-1 Page 1 of 2

City of Greensboro Statement of Net Position June 30, 2016

Primary Government

Governmental

Business-Type

Component

ASSETS

Activities

Activities

Total

Units

Cash and Cash Equivalents/Investments

$

129,101,173

$

80,403,773

$

209,504,946

$

6,504,507

Receivables, Net Taxes

5,073,526 26,315,433

5,073,526 43,582,697

620,879 80,687

Accounts, Notes and Mortgages

17,267,264

Assessments

21,038

21,038

Rent

1,650

1,650

Intergovernmental

26,909,322

785,758 193,350

27,695,080

9,037,733

Interest

360,277 640,678

553,627 640,678

974,487

Real Estate Foreclosed

Internal Balances

(7,274,193)

7,274,193

Due from Component Unit

968,875

968,875

Inventories

1,832,388

4,632,375

6,464,763

2,446,514

Miscellaneous

311,001 695,180

6,477

317,478 695,180

116,944

Assets Held for Resale

5,075,041

Self-Funded Retention Deposits Long-Term Note Receivable

19,375,856

19,375,856

275,000

275,000

13,121,897

Restricted Assets: Temporarily Restricted: Cash and Cash Equivalents/Investments

14,145,761

78,195,671

92,341,432

36,555

Receivables, (Net): Accounts, Notes and Mortgages

1,693,685

1,693,685

Assessments

620,976

620,976

Intergovernmental

1,303,441

1,303,441

118,127

Interest

155,715 373,103

155,715 373,103

Miscellaneous

Permanently Restricted: Cash and Cash Equivalents/Investments

2,386,841

2,386,841

Capital Assets, Net Non-Depreciable: Land

87,105,546 17,032,139

45,868,641 90,094,469 22,252,477

132,974,187 107,126,608 22,252,477 77,680,653 (39,607,478) 486,485,448 (212,662,198) 10,082,483 (5,225,016) 219,438,748 (148,744,827) 956,289,793 (444,094,374) 97,877,664 (19,579,581) 1,654,340,174

4,705,907

Construction in Progress

Intangible Assets - Easements

Depreciable: Land Improvements

31,941,241 (18,440,601) 177,827,103 (76,605,784)

45,739,412 (21,166,877) 308,658,345 (136,056,414) 9,988,483 (5,220,316) 58,175,485 (32,837,685) 661,812,618 (301,952,366) 93,558,671 (15,409,109) 1,014,992,930

95,355

Accumulated Depreciation

(11,029)

Buildings

41,664,656 (10,138,749)

Accumulated Depreciation

Improvements Other than Buildings

94,000 (4,700)

473,917

Accumulated Depreciation

(373,594)

Furniture, Fixtures, Machinery and Equipment

161,263,263 (115,907,142) 294,477,175 (142,142,008) 4,318,993 (4,170,472) 639,347,244

28,402,474 (16,176,895)

Accumulated Depreciation

Infrastructure

Accumulated Depreciation

Intangible Assets

39,443

Accumulated Amortization

(26,295)

Total Assets

86,788,561

DEFERRED OUTFLOWS OF RESOURCES Unamortized Bond Refunding Charges

226,280 19,108

4,051,634

4,277,914

Pension Deferrals

3,626

22,734

Current Year Pension Contributions

8,560,781

1,624,893

10,185,674

165,201

Accumulated Decrease in Fair Value of Hedging Derivatives

566,943

566,943

Total Deferred Outflows of Resources

9,373,112

5,680,153

15,053,265

165,201

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