Regular Fire Board Meeting - July 10, 2024

GANADO FIRE DISTRICT RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - GOVERNMENTAL FUND

TO THE STATEMENT OF ACTIVITIES

FOR THE YEAR ENDED JUNE 30, 2020

Exhibit F

Reconciliation of the change in fund balance-total governmental fund

to the change in net position of governmental activities:

Net Change in Fund Balance - Total Governmental Fund (Exhibit D)

$

78,789

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.

(48,376)

(57)

Net Changes to Deferred Outflows or Inflows of Resources

Change in Net Position of Governmental Activities (Exhibit B)

$

30,356

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

25