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Conejo Recreation and Park District Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Government -Wide Statement of Activities For the Fiscal Year Ended June 30, 2018 Net change in fund balance - total governmental funds: $ (919,789) Amounts reported for governmental activities in the Statement of Activities are different because: Acquisition of capital assets was reported as expenditures in the governmental funds. However, in the Government -Wide Financial Statements, the cost of those assets was capitalized and depreciated over the estimated useful lives of the capital assets. The following capital assets were recorded in the current period: A portion ($1,272,788) of capital outlay expenditures was for current park and recreation expenditures and was not capitalized. 8,533,079 Depreciation expense on capital assets was reported in the Government -Wide Statement of Activities, but it did not require the use of current financial resources. Therefore, depreciation expense was not reported as an expenditure in the governmental funds. (2,654,854) Investment revenue earned from investment in joint venture - COSCA. 81,676 Change in claims payable expense was reported in the Government -Wide Statement of Activities, but it did not require the use of current financial resources. Therefore, the decrease in claims payable was not reported as an expenditure in the governmental funds. 4,387 Change in long -tern compensated absences was reported in the Government -Wide Statement of Activities, but it did not require the use of current financial resources. Themfore, the increase in long-term compensated absences was not reported as an expenditure in the governmental funds. (177,933) CerWn revenues are not recognized in the governmental funds because they were not collected within the prescribed time period after year-end. However, these revenues and associated receivables are included in the government -wide financial statements. 1,369,250 Pension contributions were reported as expenditures in the governmental funds. However, the Government -Wide Statement of Activities reports the cost of pension benefits earned net of employee contributions as pension expense. (1,137,501) Various capital assets were disposed of during the fiscal year. Loss on disposal of capital assets was reported in the Government- Wide Statement of Activities. (22,969) Change in net position of governmental activities $ 5,075,346 See Accompanying Notes to Basic Financial Statements. 24