Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES YEAR ENDED JUNE 30, 2022

Net change in fund balances - total governmental funds Amounts reported for governmental activities in the statement of activities are different because:

Governmental funds report capital outlays as expenditures. However, in the statement of activities, the costs of those assets is allocated over their estimated useful lives as depreciation expense. This is the amount by which capital outlays exceeded depreciation in the current period. Capital outlay Depreciation Proceeds from sale of capital assets Gain/(loss) on sale of capital assets

Governmental funds report capital outlays as expenditures. However, in the statement Repayment of bond principal is an expenditure in the governmental funds, but the repayment reduces long-term liabilities in the statement of net position. Principal repayments Amortization of bond premiums/discounts Lease repayments Loan repayments

Other debts issued is a other financing sources in the governmental funds, but issuance the increases long-term liabilities in the statement of net position. Bonds issuance Bonds premium Lease issuance

Accrued interest for long-term liabilities. This is the net change in accrued interest for the current period.

Compensated absences expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds.

Claims and judgements expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds.

Governmental funds report all contributions in relation to the actuarially determined contribution (ADC) for OPEB as expenditures, however in the statement of activities only the ADC is an expense.

Pension obligation expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in the governmental funds.

Revenues reported as unavailable revenue in the governmental funds and recognized in the statement of activities. These are included in the intergovernmental revenues in the governmental fund activity.

Internal service funds are used by management to charge the costs of certain activities, such as equipment management and self-insurance, to individual funds. The net revenues (expenses) of the internal service funds is reported with governmental activities.

Change in Net Position of Governmental Activities

$ 46,131,994

$ 26,515,586 (10,070,927) (13,869,713) 8,056,639 10,631,585

4,877,414 396,317 245,349 353,000 5,872,080

(26,660,000) (3,805,375) (853,429)

(268,268)

(25,057)

(403,000)

654,899

9,512,411

772,873

402,150

$ 41,962,863