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Greensboro 2019 Audit-Reissued

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Greensboro 2019 Audit-Reissued Comprehensive Annual Financial Report CITY OF GREENSBORO • NORTH CAROLINA FOR THE FISCAL YEAR ENDED JUNE 30, 2019 Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2019 Prepared by the City of Greensboro, North Carolina Finance Department Richard L. Lusk, NCCLGFO Finance Director Marlene F. Druga, NCCLGFO Deputy Finance Director- Financial Services Nagesh V. Annambhotla, NCCLGFO Principal Analyst Kathryn K. Hayes Principal Analyst Linda R. Jones Administrative Assistant Sarah M. Rupp, NCCLGFO Financial Reporting Manager Christina N. Smith, NCCLGFO Financial Analyst Donna H. Craig Financial Analyst Arthur D. Lands, NCCLGFO Accountant Susan C. Smith, NCCLGFO Accountant Anita B. Wilson, NCCLGFO Accounting Manager Jeanne E. Tyndall, NCCLGFO Business Analyst Elizabeth Y. Lewis, NCCLGFO Accountant Evin B. Sims Accountant Amanda J. Cartrette, NCCLGFO Treasury Manager James R. Holfield, NCCLGFO Assistant Treasury Manager Jeffery L. Roberts, NCCLGFO Accountant CITY OF GREENSBORO Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2019 Table of Contents Exhibit Page Number Number Introductory Section Letter of Transmittal ....................................................................................................................................................................... I Certificate of Achievement for Excellence in Financial Reporting ............................................................................................. XXI Organizational Chart ................................................................................................................................................................. XXII City Officials ............................................................................................................................................................................ XXIII Financial Section Report of Independent Auditor....................................................................................................................................................... 1 Management’s Discussion and Analysis ...................................................................................................................................... 2 Basic Financial Statements: I. Government-Wide Financial Statements: Statement of Net Position ...........................................................................................A-1 ................................................. 3 Statement of Activities .................................................................................................A-2 ................................................. 5 II. Fund Financial Statements: Balance Sheet-Governmental Funds ..........................................................................A-3 ................................................. 7 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position ..................................................................A-4 ................................................. 8 Statement of Revenues, Expenditures, and Changes in Fund Balances-Governmental Funds .....................................................................A-5 ................................................. 9 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities .............................................................................................A-6 ............................................... 10 Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual - General Fund ..................................................A-7 ............................................... 12 Statement of Net Position - Proprietary Funds ............................................................A-8 ............................................... 20 Reconciliation of the Statement of Net Position of Proprietary Funds to the Statement of Net Position ……………………………..………………...A-9 .............................................. 24 Exhibit/ Schedule Page Number Number Statement of Revenues, Expenses, and Changes in Net Position - Proprietary Funds ...........................................................................A-10 ............................................... 25 Reconciliation of the Statement of Revenues, Expenses, and Changes in Net Position of Proprietary Funds to the Statement of Activities ........................................................................................... A-11 ............................................... 27 Statement of Cash Flows - Proprietary Funds ..........................................................A-12 ............................................... 28 Statement of Fiduciary Net Position - Fiduciary Funds .............................................A-13 ............................................... 32 Statement of Changes in Fiduciary Net Position - Fiduciary Funds ..........................A-14 ............................................... 33 Statement of Net Position - Component Units ..........................................................A-15 ............................................... 34 Statement of Activities - Component Units ................................................................A-16 ............................................... 35 III. Notes to the Financial Statements ........................................................................................................................................ 37 Required Supplementary Information: Law Enforcement Officers’ Special Separation Allowance (LEOSSA) Pension Benefit Trust: Schedule of Changes in Net Pension Liability and Related Ratios .............................1 ............................................... 38 Schedule of Employer Contributions ...........................................................................2 ............................................... 39 Schedule of Investment Returns .................................................................................3 ............................................... 40 Other Postemployment Benefit Plan (OPEB) Trust: Schedule of Changes in Net OPEB Liability and Related Ratios ................................4 ............................................... 41 Schedule of Employer Contributions ...........................................................................5 ............................................... 42 Schedule of Investment Returns .................................................................................6 ............................................... 43 Local Government Employees’ Retirement System: Employer’s Proportionate Share of Net Pension Liability (Asset) and Employer Contributions ........................................................................................7 ............................................... 44 Combining and Individual Fund Statements and Schedules: Combining Balance Sheet - Nonmajor Funds: Governmental Funds ..................................................................................................8 ............................................... 45 Special Revenue Funds ..............................................................................................9 ............................................... 46 Capital Projects Funds ..............................................................................................10 ............................................... 49 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Nonmajor Funds: Governmental Funds ................................................................................................11 ............................................... 54 Special Revenue Funds ............................................................................................12 ............................................... 55 Capital Projects Funds ..............................................................................................13 ............................................... 58 Schedule of Changes in Long-Term Debt-Enterprise Funds and Water Resources Capital Assets ...................................................................................14 ............................................... 63 Schedule Page Number Number Schedules of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual: Special Revenue Funds: State Highway Allocation...............................................................................................15 ............................................... 66 Cemetery .......................................................................................................................16 ............................................... 67 Hotel/Motel Occupancy Tax ..........................................................................................17 ............................................... 68 Economic Development ................................................................................................18 ............................................... 69 Neighborhood Development Revolving.........................................................................19 ............................................... 70 Special Tax Districts ......................................................................................................20 ..............................................
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