My question is concerning Transaction involving capital assets resulted in a gain should this be recorded as a negative amount Following is the information concerning operating activity for Annette County For the year ended June 30, 2017, the net change in total governmental fund balances was $(289,800), and the change in net position of governmental activities was $(386,800) During the year, Annette issued $2,060,000 in general obligation bonds at a premium of 101 The bonds are to be used for a construction project The county acquired $2,810,000 in capital assets and sold capital assets with a book value of $566,000 for $576,900 At the beginning of the period accrued liabilities were $473,000 and at the end of the period they totaled $500,000 Depreciation on capital assets totaled $601,000 Revenue accrued for the period but not available for use totaled $367,600 Required Prepare a reconciliation of the change in governmental fund balance to the change in net position of governmental activities Annet County Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds to the Statement of Activities For the Year Ended June 30, 2017 Net Change in fund balances governmental funds (289,800) Amounts reported for governmental activities in the statement of activities are different because Governmental funds report capital outlays as expenditures (2,810,000 601,000) 2,209,000 Transaction involving capital assets resulted in a gain (566,000) Bond proceeds provide current financial resources to governmental funds, but issuing debt increases long term liabilities in the satement of net position (first say 2,060,000 100 20,600) next 2,060,000 (20,600 1) (2,080,600) An increasein accrued liabilities indicates that expenditures recorded in the governmental funds exceed expenses for the current period (473,000 500,000) (27,000) Revenues in the statement of activities that do not provide current financial resources are not reported as revenues in the funds 367,600 Change in net position of governmental activities (386,800)

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My question is concerning Transaction involving capital assets resulted in a gain should this be recorded as a negative amount? Following is the information concerning

My question is concerning Transaction involving capital assets resulted in a gain should this be recorded as a negative amount?

Following is the information concerning operating activity for Annette County. For the year ended June 30, 2017, the net change in total governmental fund balances was $(289,800), and the change in net position of governmental activities was $(386,800). During the year, Annette issued $2,060,000 in general obligation bonds at a premium of 101. The bonds are to be used for a construction project. The county acquired $2,810,000 in capital assets and sold capital assets with a book value of $566,000 for $576,900. At the beginning of the period accrued liabilities were $473,000 and at the end of the period they totaled $500,000. Depreciation on capital assets totaled $601,000. Revenue accrued for the period but not available for use totaled $367,600.

Required

Prepare a reconciliation of the change in governmental fund balance to the change in net position of governmental activities.

Annet County
Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds to the Statement of Activities
For the Year Ended June 30, 2017
Net Change in fund balances-governmental funds	(289,800)
Amounts reported for governmental activities in the statement of activities are different because:
Governmental funds report capital outlays as expenditures (2,810,000-601,000)	2,209,000
Transaction involving capital assets resulted in a gain	(566,000)
Bond proceeds provide current financial resources to governmental funds, but issuing debt increases long-term liabilities in the satement of net position (first say 2,060,000/100= 20,600) next -2,060,000-(20,600*1)	(2,080,600)
An increasein accrued liabilities indicates that expenditures recorded in the governmental funds exceed expenses for the current period (473,000-500,000)	(27,000)
Revenues in the statement of activities that do not provide current financial resources are not reported as revenues in the funds	367,600
Change in net position of governmental activities	(386,800)