CAFR 2017

-8- Exhibit A-4

City of Greensboro Reconciliation of the Balance Sheet of Governmental Funds To the Statement of Net Position June 30, 2017

Total fund balances - governmental funds

$

144,231,136

Amounts reported for governmental activities in the Statement of Net Position are different because:

Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds.

401,960,954

Net pension obligation - LGERS Plan. Net pension obligation - LEOSSA Plan.

(42,657,178) (25,009,255) (8,897,035)

Net OPEB obligation

Contribution to the pension plan in the current fiscal year are deferred outflows of resources on the Statement of Net Position: LGERS Plan

8,440,291 1,323,798

LEOSSA Plan

Internal service funds are used by management to charge the costs of equipment services, technical services, information services, metro communications, graphic services, employee risk retention, general risk

retention and capital leasing to individual funds. The assets and liabilities of the internal service funds are included in governmental activities in the statement of net position.

80,163,554

Earned revenues considered deferred inflows of resources and unearned revenues in fund statements due to "availability" criteria.

7,975,181

Long-term liabilities included in net position (includes the addition of long-term debt and principal payments during the year.)

(256,241,666)

Pension related deferrals: LGERS Plan

24,606,079

LEOSSA Plan

(874,579)

Miscellaneous adjustments to net position includes investment income receivable not reported in the governmental funds.

292,687

Net position of governmental activities

$

335,313,967

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