HomeMy WebLinkAboutNC Comprehensive Report (Finance) (19)CITY OF NATIONAL CITY
Reconciliation of the Governmental Funds Balance Sheet
to the Government -Wide Statement of Net Assets
June 30, 2012
Fund balances of governmental funds $ 63,263,507
Amounts reported for governmental activities in the statement of net assets are different because:
Capital assets used in governmental activities were not current financial resources. Therefore, they
were not reported in the governmental funds balance sheet. Excluding the internal service funds
capital assets which are reported below, capital assets were adjusted as follows:
- Capital assets
- Accumulated depreciation
Interest payable on long-term debt did not require current financial resources. Therefore, interest
payable was not reported as a liability in the governmental funds balance sheet.
Certain revenues were not available to pay for current -period expenditures and, therefore, were
deferred in funds.
Internal service funds were used by management to charge the costs of certain activities, such as
insurance, to individual funds. The assets and liabilities of the internal service funds were included in
governmental activities in the government -wide statement of net assets.
Long-term liabilities were not due and payable in the current period. Therefore, they were not reported
in the governmental funds balance sheet. This amount excludes long-term liabilities reported in
Internal Service funds.
188,913,594
(78,942,863)
(128,338)
2,629,425
8,733,663
(16,600,412)
Net assets of governmental activities $ 167,868,576
See accompanying notes to the basic financial statements.
11