Presented below is the Governmental Funds Balance Sheet for the Warrenton Library District, a special-purpose entity engaged in a single governmental activity. Additional information: a. Capital assets (net of accumulated depreciation) amounted to $354,300 at year-end. b. The liability for long-term compensated absences is estimated to be $79,900 at year-end. Presented below is the Governmental Funds Balance Sheet for the Warrenton Library District, a special-purpose entity engaged in a single governmental activity. Additional information: a. Capital assets (net of accumulated depreciation) amounted to $354,300 at year-end. b. The liability for long-term compensated absences is estimated to be $79,900 at year-end