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Fort Walton Beach Council agenda — 03-22-11 regular — reading text
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mm
Unreserved
Designated LLLL
Special projects 312, 040 - 312, 040
3 00
Debt service 9 2, 880 9 2, 880
Other designated items
0N0N
7, 423 55, 117 112, 540
Undesignated general fund 8, 994, 679 - 88, 994, 679 cc
mm
Undesignated special revenue funds 22, 153, 761 22, 153, 761 EE
MM
Total fund balance 9, 813, 526 22. 264. 541 112. 078. 067 vv
caca
TOTAL LIABILITIES AND FUND BALANCE 11, 190, 689 13,13, 474,474, 890890
L_.
L_. 11, , 284,284, 201201 QQ
TheThe accompanyingaccompanying notesnotes areare anan integral integral
partpart ofof thesethese financialfinancial statements.statements.
1717
EXHIBIT IIIB
City of Fort Walton Beach, Florida
GOVERNMENTAL FUNDS
RECONCILIATION OF THE BALANCE SHEET TO THE
STATEMENT OF NET ASSETS
September 30, 2010
Fund balance - total governmental funds ( page 17) 12, 078, 067
Amounts reported for governmental activities in the statement of net assets are
different because:
Capital assets used in governmental activities are not financial resources and therefore
are not reported in the funds.
Governmental non -depreciable assets 9, 630, 386
Governmental depreciable assets 38, 313, 992
Less accumulated depreciation 22, 582, 537)
25, 361, 841
Other assets used in governmental activities are not current financial resources and
therefore are not reported in the governmental funds.
Net pension asset 239, 173
Bond issuance costs 204, 512
Less related accumulated amortization 59, 934)
383, 751
Deferred revenue in governmental funds is susceptible to full accrual on the entity -wide
statements.
Special assessment for street resurfacing 125, 019
Long -term liabilities are not due and payable in the current period and therefore are not
reported in the governmental funds.
Revenue bonds payable 4, 755, 000)
DiscountDiscount onon bondsbonds payablepayable 46, 216
Accrued interest 57,57, 880)880)
Capital leases 47,47, 374)374)
Compensated absences 635, 160)
Other post employment benefits 180, 632)
5, 629, 830)
NetNet assetsassets ofof governmental governmental activities activities
( ( pagepage 15)15) 32, 318. 848
The accompanying notes are an integral
part of these financial statements.
18