ACFR FY 2023 Final - Flipbook - Page 56
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, 2023
Total Fund balances of Governmental Funds
$
29,508,697
Amounts Reported for Governmental Activities in the Statement of Net position are different
because:
Capital assets used in governmental activities are not onancial resources and, therefore, are
not reported in the fundsÿ
Governmental capital assets
$
108,086,777
Less accumulated depreciation
(40,285,677)
Net governmental capital assets
67,801,100
Deferred Inflows for unavailable revenues at the fund level
33,122
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
777,472
(1,125,712)
4,530,600
(1,065,844)
Long-term liabilities are not due and payable in the current period and accordingly are not
reported in the governmental fundsÿ
Long-term liabilities at year end consist of:
Net pension liability
OpEb liability
SbITA liability
Revenue bonds and notes payable
Accrued interest
Compensated absences
Total Net Position of Governmental Activities
(12,772,728)
(2,386,302)
(419,071)
(2,653,462)
(5,638)
(1,857,245)
$
80,364,989
The Notes to the Financial Statements are an integral part of this statementÿ
56
Annual Comprehensive Financial Report | September 30, 2023
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