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Net changes in fund balances – total governmental funds (151,023)$ 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 1,814,259 Depreciation expense (987,323) A gain or loss on the disposal of capital assets,including the difference between the carrying value and any related sale proceeds,is included in the change in net position.However,only the sale proceeds are included in the change in fund balance.(40,781) Adjustments are made between the governmental funds and the Statement of Activities for the long-term liability activity of the net pension liability.(442,441) 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 of resources – pension plans (129,170) Deferred inflows of resources – pension plans 515,655 Deferred inflows of resources – unavailable revenues (104,122) 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.13,226 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 841 Change in net position of governmental activities 489,121$ 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, 2022 See notes to basic financial statements -19-