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Net changes in fund balances – total governmental funds 2,872,493$ 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. Capital outlay 1,087,523 Depreciation expense (697,992) Contributions of capital assets to other governmental entities are not a use of current financial resources and, therefore, not reported in governmental funds.(2,577,050) Contributions of capital assets to enterprise funds are not a use of current financial resources and, therefore, not reported in governmental funds.(240,825) Adjustments are made between the governmental funds and the Statement of Activities for the long-term liability activity of the net pension liability.418,853 The recognition of certain revenues and expenses/expenditures differ between the full accrual governmental activities financial statements and the modified accrual governmental fund financial statements. Deferred outflows – pension plans (271,805) Deferred inflows – pension plans (147,640) Deferred inflows – unavailable revenues (250,634) Internal service funds are used to allocate costs to individual funds.The net revenue of the Internal Service Fund is reported with governmental activities in the government-wide financial statements.(94,040) 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 governmental funds. Compensated absences 13,493 Change in net position of governmental activities 112,376$ Amounts reported for governmental activities in the Statement of Activities are different because: CITY OF ARDEN HILLS Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities Governmental Funds Year Ended December 31, 2017 See notes to basic financial statements -21-