E 20-15 Governmental fund reconciliation to total net position The following data are available from the City of Boulder's financial records on September 30, 2016: a. The net change in fund balance-total governmental funds for the city is $1,408,950. b. The city purchased general fixed assets at a historical cost of $225,000 during the year. No depreciation is recorded in the year of purchase. c. Grants receivable in the amount of $165,000 are recorded as revenue collected in advance in the fund statements but would be recognized as revenue under accrual accounting. d. A capital lease payable in the amount of $75,000 has been recorded as an expenditure in the general fund. The related long-term debt at year-end is $55,000. e. General long-term debt in the amount of $350,000 has been issued and recorded in the general fund. Required Determine the city's change in net position of governmental activities that will appear in the government-wide statements. E 20-15 Governmental fund reconciliation to total net position The following data are available from the City of Boulder's financial records on September 30, 2016: a. The net change in fund balance-total governmental funds for the city is $1,408,950. b. The city purchased general fixed assets at a historical cost of $225,000 during the year. No depreciation is recorded in the year of purchase. c. Grants receivable in the amount of $165,000 are recorded as revenue collected in advance in the fund statements but would be recognized as revenue under accrual accounting. d. A capital lease payable in the amount of $75,000 has been recorded as an expenditure in the general fund. The related long-term debt at year-end is $55,000. e. General long-term debt in the amount of $350,000 has been issued and recorded in the general fund. Required Determine the city's change in net position of governmental activities that will appear in the government-wide statements