Need help in figuring out bond proceeds and change in net position.

E9 21 Change in Net Position of Governmental Activities [LO 9-5] 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 $(289.200), and the change in net position of governmental activities was $(376,600). During the year, Annette issued $2,000,000 in general obligation $2,750,000 in capital assets and sold capital assets with a book value of $563,000 for $570,900. At the beginning of the period accrued liabilities were $470,000 and at the end of the period they totaled $494,000 Depreciation on capital assets totaled $595,000. Revenue accrued for the period but not available for use totaled $364,600 Required Prepare a reconciliation of the change in governmental fund balance to the change in net position of governmental activities. ANNETTE 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 S (289 200) Amounts reported for governmental activities in the statement of activities are different because 2,155,000 (563,000) (1 932,600) (24,000) Governmental funds report capital outlays as expenditures Transactions involving capital assets resulted in a gain pr oceeds provide current financial resources to governmental funds, but issuing debt increases long-term liabilities in the statement of net position An increase in accrued liabilities indicates that expenditures recorded in the governmental funds exceed expenses for the current period Rev enues in the statement of activities that do not provide current financial resources are not 0 Type here to search