Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position . The following information has been provided for the City of Elizabeth for its fiscal year ended June 30, 2017. The information provided relates to financial information reported on the citys statement of net position and its total governmental funds balance.

Revenues accrued but unavailable to pay the current period expenditures $361,200

Capital assets 639,900 Accumulated depreciation on capital assets 353,400

Accrued interest on bonds and long-term notes payable 1,200

Bonds and long-term notes payable 174,200

Unamortized premium on bonds payable 700

Compensated absences 13,300

Total governmental fund balances 157,700

Total net position of governmental activities 616,000

Required

Using the information provided, prepare in good form a reconciliation of the governmental fund balances to the net position of governmental activities.