2024 Annual Comprehensive Report

GSC continues to grow attendance at a record breaking pace. For the 2023-2024 fiscal year ended June 30, GSC welcomed over 620,000 guests and aims to increase attendance to 750,000 with an increase in annual economic impact from $77 million to $100 million by 2026 and become one of the top five attractions in North Carolina. With GSC’s plans for construction of Expedition Rainforest: Greensboro Biodome, the Aquatic Rehabilitation and Conservation Center along with a new 200 car parking area, GSC continues to move closer to these goals. Since 2008, GSC has been accredited by the Association of Zoos and Aquariums . GSC is the only facility in the state to offer an accredited science museum, zoological park, and aquarium in a single destination. It is ranked number three in North Carolina as the top field trip attraction, receiving students, visitors and educators from throughout the state.

B. Long-Term Financial Planning In July 2022, the City passed a General Obligation Bond referendum in the amount of $135,000,000 As of June 30, 2024, the City has $91,110,000 in unissued general obligation bonds in the following functional areas to fund various governmental projects. We anticipate phasing the issuance of these bonds over the next several years, starting in February 2025, in accordance with Greensboro’s capital improvement program and Council’s strategic priorities: Housing $22,000,000 Parks and Recreation 45,150,000 Transportation 15,000,000 Fire Facilities 8,480,000 Police Facilities 480,000 On June 20, 2024, the City issued $126,530,000 in taxable ($25,160,000) and nontaxable ($101,370,000) Combined Enterprise System Revenue Bonds . The Series 2024 Bonds are secured by and payable from the net receipts of the City’s Combined Enterprise System, currently composed of the City’s water system and sanitary sewer system. The Series 2024 Bonds bear interest at a fixed rate ranging from 4.83% to 5.23% per year.

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