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HOUSING AND REDEVELOPMENT AUTHORITY <br /> OF ELK RIVER,MINNESOTA <br /> RECONCILIATION OF THE GOVERNMENTAL FUND <br /> BALANCE SHEET TO THE STATEMENT OF NET POSITION <br /> DECEMBER 31,2013 <br /> FUND BALANCE-HOUSING AND REDEVELOPMENT AUTHORITY $ 1,672,263 <br /> Amounts reported for governmental activities in the statement of net position <br /> are different because: <br /> 1. Capital assets used in governmental activities are not current financial <br /> resources and therefore are not reported in the governmental funds: <br /> Governmental capital assets 431,390 <br /> Less accumulated depreciation (12,5 418,803 <br /> 2. Unavailable revenue in governmental funds is susceptible to full accrual <br /> on the government-wide statements. 7,451 <br /> NET POSITION OF HOUSING AND REDEVELOPMENT AUTHORITY $ 2,098,517 <br /> 83 <br />