2024 Annual Comprehensive Report

-3 Exhibit A-1 Page 1 of 2

City of Greensboro Statement of Net Position June 30, 2024

Primary Government

Governmental

Business-Type

Component

ASSETS

Activities

Activities

Total

Units

$

Cash and Cash Equivalents/Investments

$ 246,675,786

121,934,859

$

368,610,645

$

6,837,138

Receivables, Net Taxes

3,923,997 35,178,577 23,292 186,445 865,877 462,584 50,109,385 1,119,531 (10,250,116)

242,772

4,166,769 61,406,695

Accounts, Notes and Mortgages Returned Checks Receivable

26,228,118

14,112

23,292 186,445

Rent

Intergovernmental

4,537,701 986,752 1,058,859

54,647,086 1,852,629 1,521,443 1,119,531 1,910,476 9,874,926 1,050,000 556,232

218,526

Interest Leases

Real Estate Foreclosed

Internal Balances

10,250,116

Due from Component Unit

1,910,476 2,957,960 1,050,000 556,232

6,916,966

10,607,101

Inventories

Prepaid Expense - Other

Prepaid Assets Miscellaneous

56,303

56,303 695,179

282,302 3,962,117

Assets Held for Resale

695,179

Self-Funded Retention Deposits

12,653,482

12,653,482 5,060,194 18,627,299

Note Receivable

5,060,194 9,492,024

1,629,712

Lease Receivable, Noncurrent

9,135,275

Restricted Assets:

108,144,260

198,806,424

170,528

Cash and Cash Equivalents/Investments Receivables, (Net): Accounts, Notes and Mortgages

90,662,164

8,510,988 424,101 1,443,314 373,153

8,510,988

Assessments

424,101 1,443,314 373,153

Intergovernmental

Interest

Capital Assets, Net Non-Depreciable: Land

122,834,304 47,042,121

63,224,181 359,688,767 28,089,356 57,613,835 (35,736,458) 582,935,098 (249,004,998) 31,689,881 (9,333,426) 141,156,189 (87,706,829) 854,594,900 (439,013,464) 102,101,911 (31,387,854)

186,058,485 406,730,888 28,089,356

6,643,167 813,221

Construction in Progress Intangible Assets - Easements

Depreciable/Amortizable: Land Improvements

59,605,073 (35,101,715) 230,200,684 (115,671,602) 196,659,542 (143,110,138) 435,070,472 (204,648,991) 4,866,786 (4,628,863) 19,896,229 94,000 (23,500)

117,218,908 (70,838,173) 813,135,782 (364,676,600) 31,783,881 (9,356,926) 337,815,731 (230,816,967) 1,289,665,372 (643,662,455) 106,968,697 (36,016,717) 20,495,299

418,996 (172,816)

Accumulated Depreciation

Buildings

10,013,880 (2,236,816) 521,205 (521,205) 3,080,813 (1,650,004)

Accumulated Depreciation

Improvements Other than Buildings

Accumulated Depreciation

Furniture, Fixtures, Machinery and Equipment

Accumulated Depreciation

Infrastructure

Accumulated Depreciation

Intangible Assets: Software & Licenses and Water Rights

Accumulated Amortization

Right to Use Lease Assets, Net of Accum. Amortization Right to Use IT Subscription Assets, Net of Accum. Amortization

599,070 624,900

5,516,759

8,379,240

9,004,140

Total Capital Assets, Net

621,463,642 1,077,890,756

1,370,135,059 1,667,284,551

1,991,598,701 2,745,175,307

22,427,200 46,148,736

Total Assets

DEFERRED OUTFLOWS OF RESOURCES Deferred Bond Refunding Charges

3,855,897 58,724,040 25,437,714 6,087,962

667,119

4,523,016 70,660,515 30,850,232 7,603,177

Pension Deferrals

11,936,475 5,412,518 1,515,215

1,454,753 231,705 152,095

Pension Contributions after Measurement Date

OPEB Deferrals

Total Deferred Outflows of Resources

94,105,613

19,531,327

113,636,940

1,838,553

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