The following information has been provided for the City of Elizabeth for its fiscal year ended June 30. The information provided relates to financial information reported on the city's statement of net position and its total governmental funds balance. Deferred inflows of resources due to unavailability of resources to pay current expenditures $364,886 Capital assets 641,386 Accumulated depreciation on capital assets 356,286 Accrued interest on bonds and long-term notes payable 2,686 Bonds and long-term notes payable 177,886 Unamortized premium on bonds payable 2,186 Compensated absences 16,186 Total governmental fund balances 161,986 Total net position of governmental activities 613,286 Total fund balancesgovernmental funds Amounts reported for governmental activities in the statement of net position are different because: Capital assets used in governmental activities are not nancial resources and therefore are not reported by funds. Other assets used in governmental activities are not financial resources and therefore are not reported by funds. Long-term liabilities, including bonds payable, are not due and payable in the current period and therefore are not reported in the funds. Accrued interest payable is not due in the current period and therefore is not included in the funds. Net position of governmental activities