Regular Board Meeting - April 19, 2017

GANADO FIRE DISTRICT RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION

JUNE 30, 2016

Exhibit E

Reconciliation of Governmental Fund Balance to Net Position

(Exhibit A) of governmental activities:

Fund Balances - Total Governmental Funds (Exhibit C)

$

(297,247)

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 in the other funds.

Governmental Capital Assets Less: Accumulated Depreciation

3,404,928 (2,624,567)

780,361

Net Position of Governmental Activities (Exhibit A)

$

483,114

DRAFT

-The Notes to the Financial Statements are an Integral Part of This Statement-