CAFR 2017

2. Authorized capital projects at June 30, 2017 are comprised of the following:

Project

Expended Through Unexpended

Authorization

June 30, 2017

Authorization

Governmental Funds:

Special Revenue (1)

$

50,870,179 537,674,880 588,545,059

$

36,853,441 269,727,701 306,581,142

$

14,016,738 267,947,179 281,963,917

Capital Projects

$

$

$

Enterprise Funds:

Water Resources

$

382,690,037 16,369,756 66,616,258

$

301,246,673 10,325,923 55,954,346

$

81,443,364 6,043,833 10,661,912

Stormwater Management

Coliseum

Solid Waste Management

8,329,433 6,360,810

7,967,759 2,549,002

361,674

Other Non-Major Enterprise Fund

3,811,808

$

480,366,294

$

378,043,703

$

102,322,591

Component Units: GTA

$

12,557,265

$

9,726,774

$

2,830,491

(1) Includes Powell Bill Transportation Projects.

3. Financial Assistance Programs The City participates in a number of Federal and State financial assistance programs. For the Fiscal Year ended June 30, 2017, these programs were subject to audit in accordance with the Single Audit Act Amendments of 1996, the new Uniform Grant Guidance and the State Single Audit Implementation Act. The amount, if any, of expenditures which may be disallowed by the granting agencies resulting from this and other audits cannot be determined at this time, although the City expects such amounts if any, to be immaterial. 4. Operating Lease Agreement – ABC Board The Greensboro ABC Board has operating leases agreements for various store and office properties. Rental expense for the year ended June 30, 2017 totaled $637,345. Future lease payments, less payments under sublease agreement, are as follows:

Lease

Fiscal Year

Payments

2017-18 2018-19 2019-20 2020-21 2021-22

$

410,000 341,600 188,000 180,200

90,000 1,209,800 $

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