ACFR FY 2022 FINAL BOOK - Flipbook - Page 56
FINANCIAL SECTION
City of Eustis, Florida
City of Eustis, Florida
Reconciliation of the Statement of Revenues, Expenditures,
and Changes in Fund Balance of the Governmental Funds
to the Statement of Activities
For The Year Ended September 30, 2022
Net Change in Fund balances - Total Governmental Funds
$
5,141,156
Amounts reported for Governmental Activities in the Statement of Activities are Different because:
Governmental funds report capital purchases as expenditures� However, in the statement of
activities, the cost of those assets is depreciated over their estimated useful lives and reported
as depreciation expense� This is the amount by which capital outlays exceeded depreciation
expense in the current period�
Governmental funds report capital purchases as expenditures� However, in the
Statement of Activities, the cost of those assets is depreciated over their estimated useful lives and reported as depreciation expense�
Developers’ Contributions
In the statement of Activities, only the loss on the sale/disposal of capital assets is
reported� The net position change differs from the fund balance change by the
cost of the capital assets sold/disposed�
Less current year depreciation
Net governmental capital assets
$
2,520,716
1,840,770
6,398
(2,144,472)
2,223,412
Some revenues are not available and thus reported as deferred inflows at the fund level but
reflected as earned in the Statement of Activities and thus taken into revenue on the Statement of
Activities�
(11,848)
bond proceeds provide current financial resources to governmental funds, while the repayment of
the principal consumes financial resources of governmental funds�
Governmental funds report the debt issuance�
principal payments - bonds and Leases
Accrued Interest
278,980
2,190
Change in the net pension liability and related deferred amounts�
(877,680)
Some expenses reported in the statement of activities do not require the use of current financial
resources and are not reported as expenditures in governmental funds:
Change in net OpEb obligation and related deferred amounts
Change in compensated absences
Change in Net Position of Governmental Activities
152,431
316,204
$
7,224,845
The notes to the financial statements are an integral part of this statement�
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Annual Comprehensive Financial Report | September 30, 2022