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Fund Balances to the Statement of Activities – Governmental Activities
from 2021 ACFR
by BuffaloGrove
VILLAGE OF BUFFALO GROVE, ILLINOIS
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances to the Statement of Activities - Governmental Activities
For the Fiscal Year Ended December 31, 2021
Net Change in Fund Balances - Total Governmental Funds
$ 496,084
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 cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. Capital Outlays Depreciation Expense Disposals - Cost Disposals - Accumulated Depreciation
The net effect of deferred outflows (inflows) of resources related to the pensions not reported in the funds. Change in Deferred Items - IMRF Change in Deferred Items - Police Pension Change in Deferred Items - Firefighters'' Pension Change in Deferred Items - RBP
The issuance of long-term debt provides current financial resources to governmental funds, while the repayment of the principal on long-term debt consumes the current financial resources of the governmental funds. Change in Compensated Absences Payable Change in Net Pension Liability - IMRF Change in Net Pension Liability - Police Pension Change in Net Pension Liability - Firefighters' Pension Change in Total OPEB Liability - RBP Retirement of Debt Amortization of Bond Premium
Internal service funds are used by the Village to charge the costs of vehicle and equipment management and employee compensated absences to individual funds.
The net revenue of certain activities of internal service funds is reported with governmental activities. 8,254,757 (2,488,036) (1,114,236) 1,074,687
(2,307,678) (3,439,146) (785,314) (106,830)
(62,771) 4,484,897 6,835,676 3,824,923 (728,860) 2,550,445 187,740
47,566
Changes in Net Position of Governmental Activities
16,723,904
