ACFR - FY2021 FINAL 5-13-22 USE THIS ONE - Flipbook - Page 52
CITY OF EUSTIS, FLORIDA
RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2021
Total Fund Balances of Governmental Funds
$
18,357,521
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
$ 102,044,520
Less Accumulated Depreciation
(36,455,139)
Net Governmental Capital Assets
65,589,381
Deferred Inflows for unavailable revenues at the fund level
73,441
Deferred Outflows/Inflows of resources reported in the statement
of net position:
Deferred Outflows - OPEB
Deferred Inflows - OPEB
Deferred Outflows - Pensions
Deferred Inflows - Pensions
525,396
(1,628,821)
798,676
(3,004,738)
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
(5,192,015)
(1,838,756)
(3,211,326)
(9,792)
(1,767,737)
Total Net Position of Governmental Activities
$
The notes to the financial statements are an integral part of this statement.
42
68,691,230