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Based on the Minnesota CAFR 1.Compare Net Assets of Governmental Activities to the Total Fund Balance for Governmental Funds. a.What is the total difference? Total

Based on the Minnesota CAFR 1.Compare Net Assets of Governmental Activities to the Total Fund Balance for Governmental Funds.

a.What is the total difference?

Total Fund Balance for Governmental Funds =

Total Difference =

b.List the largest asset and the largest liability driving this difference. Why do these differences exist? Be specific (provide examples) in your explanation for the difference.

c.Explain why there is a $ revenue difference.

2.Compare the Change in Net Assets of Governmental Activities to the Net Change in Fund Balances for Governmental Funds.

a.What is the total difference?

b.List and explain the three largest reconciling differences.

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