Regular Fire Board Meeting - June 24, 2020
GANADO FIRE DISTRICT RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
JUNE 30, 2019
Exhibit E
Reconciliation of Governmental Fund Balance to Net Position
(Exhibit A) of governmental activities:
Fund Balances - Total Governmental Funds (Exhibit C)
$
(247,057)
Amounts reported for governmental activities in the statement of net position are different because:
Capital Assets used in governmental activities are not financial resources and, therefore are not reported in the other funds.
Governmental Capital Assets Less: Accumulated Depreciation
3,416,776 (2,797,254)
619,522
Deferred Inflows of Resources Related to Deferred Taxes
57
Net Position of Governmental Activities (Exhibit A)
$
372,522
-The Notes to the Financial Statements are an Integral Part of This Statement-
14
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