1) Prepare the reconciliation of total fund balance to net assets for governmental activities for the following City, given the following information. (40 pts ) (Review text and City of Houston )

All governmental funds' fund balances $13,000,000

Deferred revenue related to property taxes 2,000,000

Accrued interest on long-term liabilities 1,200,000

General capital assets 10,800,000

Accumulated depreciation on capital assets 4,100,000

General long-term liabilities:

Bonds payable for capital assets 5,700,000

Liability for compensated absences 3,200,000

Internal service fund serving governmental activities

Net assets 3,000,000

Capital assets net of accumulated depreciation 1,700,000

Liability, capital related 500,000