Reconciliation of Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to Government-Wide Statement of Activities The following is the June 30, 2020, governmental funds statement of revenues, expenditures, and changes in fund balances for Collins County (in thousands): $650.000 Revenues Property taxes Fines and licenses Investment revenue 100,000 4,000 Grants 230,000 984,000 Total 320.000 125.000 Expenditures General government Health and safety 330,000 Education 260.000 Capital outlay 70.000 Debt service: interest 10,000 Debt service: principal 90.000 Total 1,080,000 Excess of revenues over (under) expenditures (96.000) Other financing sources (uses) Bond proceeds Proceeds from sale of capital assets 15,000 Total 140,000 Excess of revenues and other financing sources overexpenditures and other financing uses $44,000 Additional information (in thousands): 1. Depreciation for 2020 on governmental funds' capital assets is $40,000. 2. Pension and OPEB costs incurred during 2020 total $95,000. 3. Accrued interest expense for 2020 is $3,000. 4. Change in internal service fund net position for 2020 is $800. 5. The book value of capital assets sold was $20,000. Instructions: Select the appropriate "less" or "plus" answer from the drop-down menu on the left in each row. Use a negative sign with your answers, when appropriate ("Less" amounts). Required Prepare a reconciliation of governmental funds change in fund balances to governmental activities change in net position for the year ended June 30, 2020. Reconciliation of governmental funds fund balances to governmental activities net position (in thousands) Change in fund balances, governmental funds $ . + O O O O O O O O O . . > 0 Change in net position, governmental activities 0 Check Reconciliation of Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to Government-Wide Statement of Activities The following is the June 30, 2020, governmental funds statement of revenues, expenditures, and changes in fund balances for Collins County (in thousands): $650.000 Revenues Property taxes Fines and licenses Investment revenue 100,000 4,000 Grants 230,000 984,000 Total 320.000 125.000 Expenditures General government Health and safety 330,000 Education 260.000 Capital outlay 70.000 Debt service: interest 10,000 Debt service: principal 90.000 Total 1,080,000 Excess of revenues over (under) expenditures (96.000) Other financing sources (uses) Bond proceeds Proceeds from sale of capital assets 15,000 Total 140,000 Excess of revenues and other financing sources overexpenditures and other financing uses $44,000 Additional information (in thousands): 1. Depreciation for 2020 on governmental funds' capital assets is $40,000. 2. Pension and OPEB costs incurred during 2020 total $95,000. 3. Accrued interest expense for 2020 is $3,000. 4. Change in internal service fund net position for 2020 is $800. 5. The book value of capital assets sold was $20,000. Instructions: Select the appropriate "less" or "plus" answer from the drop-down menu on the left in each row. Use a negative sign with your answers, when appropriate ("Less" amounts). Required Prepare a reconciliation of governmental funds change in fund balances to governmental activities change in net position for the year ended June 30, 2020. Reconciliation of governmental funds fund balances to governmental activities net position (in thousands) Change in fund balances, governmental funds $ . + O O O O O O O O O . . > 0 Change in net position, governmental activities 0 Check
