Regular Fire Board Meeting - June 24, 2020

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, 2019

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)

$

(13,226)

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. The addition of non current liabilities (eg. Bonds, leases, leave) in the treatment of non current liabilities and related items. while the repayment of the principal of non current liabilities consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on Net Position. This amount is the net effect of these differences provide current financial resources to governmental funds,

(51,004)

(11,205)

Net Changes to Deferred Outflows or Inflows of Resources

(18,315)

Change in Net Position of Governmental Activities (Exhibit B)

$

(93,750)

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

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