Regular Board Meeting - April 19, 2017

GANADO FIRE DISTRICT 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, 2016

Exhibit F

Reconciliation of the change in fund balance-total governmental funds to the change in net position of governmental activities:

Net Change in Fund Balances - Total Governmental Funds (Exhibit D)

$

(152,631)

activities (Exhibit B) are different because of the following: Amounts reported for governmental activities in the statement of

Governmental funds report capital outlays as expeditures. However, in the statement of activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which depreciation expense exceeded capital outlay in the current period.

(78,194)

Change in Net Position of Governmental Activities (Exhibit B)

$

(230,825)

DRAFT

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