ACFR FY 2022 FINAL BOOK - Flipbook - Page 52
FINANCIAL SECTION
City of Eustis, Florida
City of Eustis, Florida
Reconciliation of the Balance Sheet of Governmental Funds
to Statement of Net Position
September 30, 2022
Total Fund balances of Governmental Funds
$
23,498,676
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 funds�
Governmental capital assets
$
105,571,186
Less accumulated depreciation
(37,758,393)
Net governmental capital assets
67,812,793
Deferred Inflows for unavailable revenues at the fund level
61,593
Deferred Outflows/Inflows of resources reported in the statement of net position:
Net deferred outflows - OpEb
Net deferred inflows - OpEb
Net deferred outflows - pensions
Net deferred inflows - pensions
481,938
(1,385,302)
7,382,129
(944,881)
Long-term liabilities are not due and payable in the current period and accordingly are not
reported in the governmental funds�
Long-term liabilities at year end consist of:
Net pension liability
OpEb liability
Revenue bonds and notes payable
Accrued Interest
Compensated Absences
Total Net Position of Governmental Activities
(14,713,005)
(1,886,386)
(2,932,346)
(7,602)
(1,451,532)
$
75,916,075
The notes to the financial statements are an integral part of this statement�
52
Annual Comprehensive Financial Report | September 30, 2022