ACFR FY 2023 Final - Flipbook - Page 60
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, 2023
Net Change in Fund balances - Total Governmental Funds
$
6,010,021
Amounts reported for Governmental Activities in the Statement of Activities are different because:
Governmental Funds report capital outlay as expendituresÿ however, in the statement of activities, the cost of these assets is allocated over their estimated useful
lives and reported as a depreciation expense in the current periodÿ This is the
amount by which capital outlays exceeded depreciation expense in the current
period
(578,962)
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
Activitiesÿ
(28,471)
Bond and loan proceeds provide current onancial resources to governmental funds, while the
repayment of the principal consumes onancial resources of governmental funds.
Governmental funds report the debt issuanceÿ
principal payments - Notes payable
Accrued Interest - Notes payable
principal payments SbITA
SbITA Implemetation Cost
Change in the net pension liability and related deferred amountsÿ
278,884
1,964
147,948
250
(1,032,215)
Some expenses reported in the Statement of Activities do not require the use of current onancial
resources and are not reported as expenditures in governmental funds:
Change in OpEb obligation and related deferred amounts
Change in compensated absences
Change in Net Position of Governmental Activities
55,208
(405,713)
$
4,448,914
The Notes to the Financial Statements are an integral part of this statementÿ
60
Annual Comprehensive Financial Report | September 30, 2023
Back to TOC
