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BALANCE SHEET item # 3.4. <br />APR1L 2008 Page: 1 <br />5/2/2008 <br />crrv ter i.L~ iiivt.ii 11:31 AM <br />As of: =1/30/2008 Balances <br />Fund Type: Cl ~~ Component Unit <br />Fund: 910 - I IKA <br />Assets <br />Acct Class: 1000 Current Assets <br />1010 Cash 285.013.48 <br />1190 Notes Receivable 400.000.00 <br />1310 Duc From (hhcr Funds 427,427J6 <br />Heel Class: 1000 Current Assets l,l 12,441 ?4 <br />Acct Class: 1600 Capital Assets <br />1620 Buildings ~ Structures 720.000.00 <br />Acct Class: 1600 Capitol Assets 720,000.00 <br />~fotal Assets 1.833A4124 <br />l,iabilitics <br />Acct Class: 2000 Current I.iabilitics <br />Building Purchase (non-current liability)*~' 414.752.72 <br />Acct Class: 2000 Current I,iabilitics 414.752.72 <br />focal Liabilities 414,752.72 <br />Reservcsi Balances <br />Acct Class: 2400 Fund h:quily <br />2400 Fund t3alancc 1,476,671.61 <br />2600 Change in Fund Balance -58,983.09 <br />Acct Class: 2400 Fund Equity 1,417,688.52 <br />Total Reserves/Balances 1,417,688.52 <br />total l.iabilitics & Balances 1.832,441.24 <br />** ~fhe City's financial system is on the modified accrual haws nf~accountingand the current,frnaneial resources measurement focus. <br />°Goyc;rnment funds. with their fi~cus on current linancial resources, do not report liabilities for the following. Unmatured principal and interest <br />of long-term debt" (GAAFIZ, page 174). 'The Cite records long-term debt related liabilities as part of the GASB 34 conversion entries and will <br />show up on your year-end accrual statements. What finance will do is manually_ insert the long-term liability in your balance sheet to more <br />cluselti retlect accrual accounting. <br />