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05-13-19-R
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05-13-19-R
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Net changes in fund balances – total governmental funds (3,166,142)$ <br />Governmental funds report capital outlays as expenditures. However,in the Statement of Activities <br />the cost of those assets is allocated over their estimated useful lives and reported as depreciation <br />expense. <br />Capital outlay 5,153,974 <br />Depreciation expense (861,410) <br />A gain or loss on the disposal of capital assets, including the difference between the carrying value <br />and any related sale proceeds,is included in the change in net position. However, only the sale <br />proceeds are included in the change in fund balances.(70,043) <br />Adjustments are made between the governmental funds and the Statement of Activities for the <br />long-term liability activity of the net pension liability.157,844 <br />The recognition of certain revenues and expenses/expenditures differ between the full accrual <br />governmental activities financial statements and the modified accrual governmental fund financial <br />statements. <br />Deferred outflows of resources – pension plans (127,834) <br />Deferred inflows of resources – pension plans 35,404 <br />Deferred inflows of resources – unavailable revenues 1,247,573 <br />Internal service funds are used to allocate costs to individual funds. The net revenue of the Internal <br />Service Fund is reported with governmental activities in the government-wide financial statements.51,143 <br />Some expenses reported in the Statement of Activities do not require the use of current financial <br />resources and, therefore, are not reported as expenditures in governmental funds. <br />Compensated absences (27,512) <br />Change in net position of governmental activities 2,392,997$ <br />Amounts reported for governmental activities in the Statement of Activities are different because: <br />CITY OF ARDEN HILLS <br />Reconciliation of the Statement of <br />Revenues, Expenditures, and Changes in Fund Balances <br />to the Statement of Activities <br />Governmental Funds <br />Year Ended December 31, 2018 <br />See notes to basic financial statements -21-
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