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 citys statement of net position and its total governmental funds balance.

Deferred inflows of resources due to unavailability of resources to pay current expenditures	$	363,800
Capital assets		641,200
Accumulated depreciation on capital assets		356,000
Accrued interest on bonds and long-term notes payable		2,500
Bonds and long-term notes payable		176,800
Unamortized premium on bonds payable		2,000
Compensated absences		15,900
Total governmental fund balances		161,600
Total net position of governmental activities		613,400

Prepare reconciliation of the governmental fund balances to the net position of governmental activities

Total fund balances-governmental funds________________

Amounts reported for governmental activities in the statement of net position are different because: _______

Capital assets used in governmental activities are not financial resources and therefore are not reported by funds. ______

Other assets used in governmental activites 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. _________