COG Comprehensive Annual Financial Report

3. Interfund Transfers:

Non-Major Governmental Funds

Internal Service Funds

General Fund

Transfers From:

$

(40,152,745)

$

(11,638,487)

$

(108,503)

Transfers To: General Fund

$

$ 6,366,000

$

53,000

Debt Service Fund

25,920,000 1,716,511 2,980,572 1,830,537 7,705,125 40,152,745

Non-major Governmental Funds

2,911,587

Enterprise Funds: Coliseum

2,360,900

Solid Waste Management

Internal Service Funds

55,503 108,503

Total

$

$

11,638,487

$

Stormwater Management Fund

Total

Transfers From:

$

(7,500)

$ (51,907,235)

Transfers To: General Fund

$

$ 6,419,000

Debt Service Fund

25,920,000 4,635,598 5,341,472 1,830,537 7,760,628

Non-Major Governmental Funds

7,500

Enterprise Funds: Coliseum

Solid Waste Management

Internal Service Funds

Total

$

7,500

$ 51,907,235

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 $3,850,646 to the General Fund in Fiscal Year 2018, which was recorded as Intergovernmental Revenue. The Greensboro Transit Authority transferred $17,600 to the State and Federal Grants fund in Fiscal Year 2018, 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, 2018 is $1,743,122,415. Long-term Bonded Debt consists of the following:

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