Laserfiche WebLink
CITY OF RAMSEY <br /> <br /> Reconciliation of the Statement of <br />Revenue, Expenditures, and Changes in Fund Balances <br />to the Statement of Activities <br /> Governmental Funds <br /> Year Ended December 31, 2004 <br /> <br />Total net change in fund balances - Governmental Funds <br /> <br />Amounts reported for governmental activities in the Statement of Activities are <br />different because: <br /> <br />Capital outlays are reported in Governmental Funds as expenditures. However, in <br />the Statement of Activities the cost of those assets is allocated over the estimated <br />useful lives as depreciation expense. <br /> Capital outlays <br /> Depreciation expense <br /> <br />The amount of bond proceeds used to £mance the acquisition of capital assets is <br />reported in the Governmental Funds as a source of fmancing. Bond proceeds are <br />not revenues in the Statement of Activities, but rather constitute long-term <br />liabilities. <br /> <br />Repayment of long-term liabilities is an expenditure in the Governmental Funds, <br />but the repayment reduces long-term liabilities in the Statement of Net Assets. <br /> <br />Interest on long-term debt in the Statement of Activities differs from the amount <br />reported in the Governmental Funds because interest is recognized as an <br />expenditure in the funds when it is due, and thus requires the use of current <br />financial resources. In the Statement of Activities, however, interest expense is <br />recognized as the interest accrues, regardless of when it is due. <br /> <br />Certain revenues (including delinquent taxes and special assessments) are included <br />in the change in net assets, but are excluded from the change in fund balances until <br />they are available to liquidate liabilities of the current period. <br /> <br />Certain expenses are included in the change in net assets, but do not require the use <br />of current funds, and are not included in the change in the fund balances. <br /> Governmental activities - compensated absences payable <br /> <br />351,934 <br /> <br />9,821,788 <br />(606,607) <br /> <br />(1,825,000) <br /> <br />2,907,000 <br /> <br />44,052 <br /> <br />(166,589) <br /> <br />(55,7o3) <br /> <br />Internal Service Funds are used to charge the cost of certain activities, such as <br />insurance to Individual Funds. This amount represents the change in net assets of <br />the Internal Service Fund, which is reported with governmental activities. <br /> <br />Change in net assets - governmental activities <br /> <br />(21,956) <br /> <br />$10,448,919 <br /> <br />See notes to basic financial statements <br /> <br />-19- <br /> <br /> <br />