Reconciliation of Fund Financial Statement to Government-wide Financial Statement
The following information is available for Candelwood City for the year ended December 31, 2017:
The net change in total governmental fund balances was $(289,200)
The change in net position of governmental activities was $194,300
During the year:
Candelwood issued $2,000,000 in general obligation bonds at a premium of 101 and the bonds are to be used for a construction project.
The City acquired $2,750,000 in capital assets.
The City sold capital assets with a book value of $563,000 for $570,900.
At the beginning of the period accrued liabilities were $470,000 and at the end of the period they totaled $494,000.
Depreciation on capital assets $595,000.
Revenue accrued for the period but not available for use totaled $364,600.
Prepare, in good form, a reconciliation of the change in governmental fund balance to the change in net position of governmental activities