Laserfiche WebLink
HOUSING AND REDEVELOPMENT AUTHORITY <br /> OF ELK RIVER,MINNESOTA <br /> RECONCILIATION OF THE STATEMENT OF REVENUES,EXPENDITURES, <br /> AND CHANGE IN FUND BALANCE OF GOVERNMENTAL FUND <br /> TO THE STATEMENT OF ACTIVITIES <br /> FOR THE YEAR ENDED DECEMBER 31,2012 <br /> NET CHANGE IN FUND BALANCES-TOTAL GOVERNMENTAL FUNDS $ (29,067) <br /> Amounts reported for governmental activities in the statement of activities are different because: <br /> 1. Governmental funds report capital outlays as expenditures. However,in the <br /> statement of activities the cost of those assets is allocated over their estimated <br /> useful lives and reported as depreciation expense. This is the amount by which <br /> capital outlays exceeded depreciation in the current period. <br /> Capital outlay 174,290 <br /> Depreciation expense (968) 173,322 <br /> i <br /> 2. Revenues in the statement of activities that do not provide current financial <br /> resources are not reported as revenues in the governmental funds. <br /> I <br /> Property taxes (837) <br /> CHANGE IN NET POSITION OF GOVERNMENTAL ACTIVITIES $ 143,418 <br /> i <br /> i <br /> I <br /> i <br /> i <br /> 86 <br />