ACFR - FY2020 5-28-21 FINAL - Flipbook - Page 44
CITY OF EUSTIS, FLORIDA
RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF NET POSITION
FOR THE YEAR ENDED SEPTEMBER 30, 2020
Total Fund Balances of Governmental Funds
$
14,612,530
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
$100,686,596
Less accumulated depreciation
(34,466,849)
Net governmental capital assets
66,219,747
Deferred Inflows for unavailable revenues at the fund level
150,432
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
488,763
(1,357,648)
2,500,604
(1,198,997)
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
Adjustments to miscellaneous liabilities
Accrued Interest
Compensated Absences
(9,643,980)
(2,195,477)
(3,572,748)
(9,761)
(14,015)
(1,726,602)
Total Net Position of Governmental Activities
The notes to the financial statements are an integral part of this statement.
27
$
64,252,848
