Deferred inflows of resources due to unavailability of

resources to pay current expenditures

$361,800

Capital assets

640,200

Accumulated depreciation on capital assets

354,000

Accrued interest on bonds and long-term notes payable

1,500

Bonds and long-term notes payable

174,800

Unamortized premium on bonds payable

1,000

Compensated absences

13,900

Total governmental fund balances

158,600

Total net position of governmental activities

615,400

CITY OF ELIZABETH

Reconciliation of the Balance Sheet-Governmental Finds to the Statement of Net

June 30, 20

Total fund balances-governmental funds                                                                                                  $ 158.600

Amounts reported for governmental activities in the statement of net position are different because:

Capital assets used in governmental activities are not Mandel resources and therefore are not reported by funds.

Other assets used in governmental activities are not financial resources and therefore are not reported by funds.

Long-term liabilities, inducing bonds payable. we not due and payable in the current period and therefore we not repotted in the funds.

Accrued interest payable is not due in the current period and therefore is not included in the funds.  (1.500)

Net position of governmental activities   $ 157.100