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CITY OF RAMSEY Reconciliation of the Statement of Revenue, Expenditures, and Changes in Fund Balances to the Statement of Activities Governmental Funds Year Ended December 31, 2017 Total net change in fund balances — Govermnental Funds Amounts reported for govermnental activities in the Statement of Activities are different because: $ 540,649 Capital outlays are reported in Governmental Funds as expenditures. However, in the Statement of Activities the cost of those assets is allocated over the estimated useful lives as depreciation expense. Capital outlays 1,922,947 Contributed assets from developers 1,085,299 Disposals (638,366) Depreciation expense (3,335,799) Issuance of long -teen debt provides current financial resources to govermnental funds while repayment of long -teen liabilities is an expenditure in the Governmental Funds Neither transaction, however, has any effect on net position. Issuance of new debt Repayment of principal on long -teen debt Interest on long -teen debt in the Statement of Activities differs from the amount reported in the Governmental Funds because interest is recognized as an expenditure in the funds when it is due, and thus requires the use of current financial resources. In the Statement of Activities, however, interest expense is recognized as the interest accrues, regardless of when it is due. Certain revenues (including delinquent taxes, special assessments, and notes receivable) are included in the change in net position, but are excluded from the change in fund balances until they are available to liquidate liabilities of the current period. Certain expenses are included in the change in net position, but do not require the use of current funds, and are not included in the change in the fund balances. Governmental activities — compensated absences payable Governmental activities — pension expense Net other postemployment benefit obligations reported in the statement of activities do not require the use of current financial resources and are not reported as expenditures in govermnental funds until actually due. Internal Service Funds are used to charge the cost of certain activities, such as insurance to individual funds. This amount represents the change in net position of the Internal Service Fund, which is reported with govermnental activities. Change in net position — govermnental activities See notes to basic financial statements (895,000) 2,085,000 8,726 1,047,292 (72,459) (659,408) (50,480) 2,898 $ 1,041,299 51