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.CITY OF GEM LAKE <br />Reconci liation of the: Statement of <br />Revenue;.Expenditures., and Changes in Fund.Balanees <br />to the Statement.ofActivities <br />Governmental Activities <br />Year Ended. December 31:, 2021 <br />Total -no changg in fiuid balances -= governmental funds <br />Ainounts reported for .governmental activities in the Statement of Activities are different because:. <br />Capital outlays are reported in. governmental funds as expenditures. However, in the Statement <br />of Activities, the cost of those assets is allocated over the.estithated useful lives as depreciation <br />expense. <br />Capital outlays <br />Depreciation expense <br />Certain. revenues (iircluding. taxes. and special assessments) -are included in the change in net <br />position, but. are excluded from the change in fund balances.until they are available to liquidate <br />liabilities of the current period. <br />Repayment of bond principal is an expenditure in the governmental funds, but reduces long. -term <br />Iiabilities in the Statement of Net Position. <br />Some expenses reported in the Statement.of Activities do not require the use of current:financial <br />resources and, .therefore, arenotreported. as expenditures in governmental.: funds. <br />. Amortization of bond premiums. <br />Accrued interest <br />Change.in net. position—govemmentat activities <br />See notes to basic financial statements -0- <br />$ (1275670) <br />2?4,,§92 <br />(91, I67) <br />(73;091) <br />95,060 <br />1,282 <br />95.0 <br />$ 29;992 <br />