$1.$ The Town of Massey reported a change in fund balances of $$1,001,000$ in its governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances for the year ended June $30,2022.$ In addition, the following information is relevant:

A$.$ Capital outlay expenditures amounted to $$5,000,000$ in the modified accrual statement. General government fixed assets amounted to $$80,000,000,$ excluding land and had an average life of $20$ years.

B$.$ The modified accrual statement reported proceeds from the sale of land in the amount of $$500,000.$ The land had a basis of $$400,000.$

C$.$ Property taxes had been levied in the amount of $$10,000,000.$ It was estimated that $3\%$ would never be collected, that $$500,000$ would be collected within $60$ days of year$-$end, and that $$200,000$ would be collected more than $60$ days from year$-$end. The City had recognized the maximum permitted under modified accrual accounting.

D$.$ $$185,000$ of property taxes had been deferred at the end of the previous year and was recognized under modified accrual as revenue in the current year.

E$.$ The modified accrual statement reflected debt service expenditures in the amount of $$500,000$ for interest and $$750,000$ for principal. No adjustment was necessary for interest accruals at year$-$end.

F$.$ Compensated absences charges, on the full accrual basis, amounted to $$50,000$ more than under the modified accrual basis.

Required: Prepare the reconciliation from the change in fund balances reported above to the change in net assets in the governmental column in the government$-$wide Statement of Activities for the year ended June $30,2022.$