Regular Fire Board Meeting - June 24, 2020

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

JUNE 30, 2019

Exhibit E

Reconciliation of Governmental Fund Balance to Net Position

(Exhibit A) of governmental activities:

Fund Balances - Total Governmental Funds (Exhibit C)

$

(247,057)

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

3,416,776 (2,797,254)

619,522

Deferred Inflows of Resources Related to Deferred Taxes

57

Net Position of Governmental Activities (Exhibit A)

$

372,522

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

14