Laserfiche WebLink
Indian River County, Florida <br /> Reconciliation of the Statement of Revenues, <br /> Expenditures , and Changes in Fund Balances of Governmental Funds <br /> to the Statement of Activities <br /> For the Year Ended September 30 , 2003 <br /> Net change in fund balances - total governmental funds $ (4,049, 146) <br /> Amounts reported for governmental activities in the statement of activities are different <br /> because : <br /> Governmental funds report capital outlay as expenditures . However, in the statement of <br /> activities, the cost of those assets is allocated over their estimated useful lives as <br /> depreciation expense . <br /> Expenditures for capital assets 492073 ,587 <br /> Less current year depreciation ( 10,0441808) 39,0285779 <br /> Repayments of bond principal and capital lease principal are expenditures in the govern- <br /> mental funds, but the repayment reduces long-term liabilities in the statement of net <br /> assets . <br /> Bondyment <br /> p rinci al a 2,545,000 <br /> p payment <br /> Capital lease principal payment 3365492 218813492 <br /> Changes in accrued compensated absences do not require the use of current financial <br /> resources and therefore are not reported as expenditures in governmental funds . ( 136,466) <br /> Governmental funds report interest expenditures based on when they are paid . The <br /> statement of activities reports interest expense as it is incurred . This is the net <br /> number of the previous year accrual and the current year accrual . <br /> Accrued bond interest expense 71 712 i <br /> Accrued capital lease interest expense 17,476 89, 188 <br /> Some revenues reported in the governmental funds have been recognized as revenues in <br /> prior fiscal year in the statement of activities . (895958) <br /> Internal service funds are used by management to charge the costs of insurance and fleet <br /> services to individual funds. The net costs of the internal service funds are reported <br /> with governmental activities . 539,459 <br /> Governmental funds report non-exchange transactions when the applicable eligibility <br /> requirements have been met and resources are available. However, in the statement of <br /> activities, non-exchange transactions are recognized when the eligibility requirements <br /> are met. This is the net number of prior year accrual and current year accrual . 2889951 <br /> Some interest revenues reported in the statement of activities do not provide current <br /> financial resources , therefore, are not reported as revenues in governmental funds. <br /> This is the net number of prior year accrual and current year accrual . (343,925) <br /> Change in net assets of governmental activities $ 38208,374 <br /> The accompanying notes are an integral part of the financial statements . <br /> 22 <br />