City of Port St . Lucie , Florida Community Redevelopment Agency Reconciliation of the Balance Sheet of Governmental Fund To the Statement of Net Position September 30 , 2021
Fund Balances - Total Governmental Funds |
$ |
95,824 |
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 . The cost of the assets and the accumulated depreciation . |
|
24,821,958 |
Long-term liabilities are not due and payable in the current period and are not reported in the governmental funds . Long-term liabilities at year end consist of : |
|
|
Bonds Payable : $ 24,070,000 Compensated Absences : 22,677 ( 24,092,677 )
Bond premiums are not financial resources , and therefore are not reported in the fund . ( 1,717,501 )
Governmental funds do not report a liability for accrued interest until it is due and payable . Accrued interest must be reported as a liability in the government-wide financial statements . ( 300,875 ) The difference between the amount required to repay previously issued debt in a refunding transaction and the amount of the old debt is reported as a deferred outflow of resources in the government-wide financial statements . 281,584
Net position of governmental activities $ ( 911,687 )
The notes to the financial statements are an integral part of this statement . 11