Note: Negative amount should be indicated by a minus sign.

CITY OF MONROE

Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position

As of December $31,2024$

Fund balances reported in governmental funds Balance Sheet

Amounts reported for governmental activities in the Statement of Net Position are different because:

Capital assets used in governmental activities are not financial resources and therefore not reported in the funds.

Amount does not include capital assets of internal service funds $($reported in following row$).$

The assets and liabilities of internal service funds are included in governmental funds in the Statement of Net Position.

Deferred revenue for property taxes reported in the funds but accrued as revenue in the government$-$wide statements and added to Net Position.

Accrued interest payable is reported as a liability in the Statement of Activities; interest is not accrued in the governmental funds.

Bonds payable, not due and payable in the current period are not reported in the funds.

Compensated absences$,$ not due and payable in the current period are not reported in the funds.

Net Position of Governmental Activities

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