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Following is the information concerning operating activity for Annette County. For the year ended June 30, the net change in
Required Prepare a reconciliation of the change in governmental fund balance to the change in net position of governmental ac
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Reconciliation Statement provides the differences and reconciles the various differences between net change in fund balances and changes in net position.

ANNETTE COUNTY

Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances—Governmental Funds to the Statement of Activities

For the Year Ended June 30, 20XX

Net change in fund balances—governmental funds

(290,200)

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

Governmental funds report capital outlays as expenditures
[2,850,000 - 605,000]

2,245,000

Transactions involving capital assets resulted in a gain.

(568000)

Bond proceeds provide current financial resources to governmental funds, but issuing debt increases long-term liabilities in the statement of net position.
[2,100,000 *101%]

(2,121,000)

An increase in accrued liabilities indicates that expenditures recorded in the governmental funds exceed expenses for the current period.
[504,000-475,000]

(29,000)

Revenues in the statement of activities that do not provide current financial resources are not reported as revenues in the funds.

369,600

Change in net position of governmental activities

(393,600)

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