WEST PALM BEACH DOWNTOWN DEVELOPMENT AUTHORITY

RECONCILIATION OF THE BALANCE SHEET - GENERAL FUND TO THE STATEMENT OF NET POSITION

Amounts reported for governmental activities in the statement of net position are different because: assets used in governmental activities are not financial resources and therefore are not reported in the governmental funds.

Long-term liabilities are not due and payable in the current period and therefore are not reported in the governmental funds.

Deferred outflows of resources and deferred inflows of resources related to defined benefit pension plans and other postemployment benefits are applicable to future periods and are not reported in the governmental funds.