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CIV O1= OEM LAKE <br />Reconciliation ofthe Statement of <br />Revenue, &j)enditures, and Changes in fund Balances <br />to the Statement of:Activities <br />-Gov:emmental Activities. <br />Year Ended December 31,. 2024. <br />Total net change in fund. -balances —governmental funds <br />.Amounts reported. forgovernmental activities in the Statement of.Activities are.di fferent because: <br />Capital atitiays:are: reported in ;governmental .funds as, expenditures. However, in the. Statement <br />of Activities. the cost: of those assets is allocated dyer the estirtiated useful lives as depreciation <br />expense.. <br />Capital outlays. <br />Depreciation expense <br />A Bain or loss on -tbe- disposal of capital .assets, including the difference beiNviieri the carrying <br />value and any related -sale -proceeds..is jliclitded in the change in net position. Hoy+never, only the <br />sale. proceeds are. included in. the change in fetid balance. <br />Net book value of capital assets disposed <br />Certain revenues (including taxes and special assessments) are included ` ithe change in net <br />position.. but are excluded from the change :in:.fund balances until they are available to )igWdaw <br />liabilities of the current period.. <br />Repayment of bond principal is an expenditure in the.governmental funds, but reduces. Iong-term <br />liabilities. in the Statement of Net Position. <br />5 236,852 <br />'53,502 <br />(T1-2.169) <br />(521) <br />(68,609) <br />-1 Q5,000 <br />Some: expenses reported in -the Statetnetit'of Activities da.not re juire the -We of current financial <br />resources and, therefore, are not reported as expenditures in governmental: fitntis. <br />.Amortization of bond premiums 1,282 <br />Accrued .interest 1;136 <br />Change in net position —governmental activities <br />$: 21.6.473 <br />See notes to basic. financial statements. -1;- <br />