The following information has been provided by the City of Edward for its most recent December 31 fiscal year-end. The information provided relates to financial information needed to reconcile the net change in governmental fund balances to the change in net position of governmental activities. Net change in total governmental fund balances Change in net position of governmental activities Capital outlay reported as expenditurers Long-term debt issuance (notes and leases) Depreeiation expense Acerued expenses that do not require use of eurrent finaneial resources Revenues that do not provide current financial resources $325,791 232,284 240,762 317,083 38,455 4, 850 26,119 Required Prepare reconciliation of the net change in governmental fund balances to the change in net position of governmental activities for the City of Edward. CITY OF EDWARD Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances-Governmental Funds to the Statement of Activities December 31 325,791 Net change in fund balances--governmental funds Amounts reported for the governmental activities in the statement of activities are different because: Governmental funds report capital outlays as expendtures reported as revenues in the governmental funds long-term liabilities in the statement of net position. This is the amount of proceeds not reported as expenditures in the govenmental funds Some revenues in the statement of activities do not provide current financial resources and are not Debt proceeds provide current financial resources to govenmental funds, but issuing debt increases Some expenses reported in the statement of activities do not use current financial resources and are Change in net position of governmental activities