Net Change in Fund Balances - Total Governmental Funds |
$ |
( 148,135 ) |
|
Amounts reported for governmental activities in the statement of activities are different because :
Governmental funds report capital outlays as expenditures . However , in the statement of activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense . This is the amount of capital outlay recorded as expenditures in the current period .
|
115,326 |
|
The amount of depreciation expense associated with capital assets is recorded as expense in the current period in the Statement of Activities . |
( 824,203 ) |
|
Governmental funds only report the disposal of assets to the extent proceeds are received from the sale or transfer . In the statement of activities , a gain or loss is reported for each disposal . |
( 1,362,068 ) |
|
The repayment of the principal of long-term debt consumes the current financial resources of governmental funds . This is the amount of repayment of principal of long-term debt recorded in the current period in the governmental fund . |
3,585,000 |
|
Some expenses reported in the statement of activities do not require the use of current financial resources and therefore are not reported as expenditures in the governmental funds . |
Amortization of bond premium |
753,301 |
|
Governmental funds do not recognize expenditures for the liability associated with accrued interest payable on long-term debt . |
326,397 |
1,073,070 |