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CITY OF SAN MARCOS, TEXAS <br />RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET <br />TO THE STATEMENT OF NET ASSETS <br />SEPTEMBER 30, 2007 <br />Total fund balance, governmental funds $ 63,779,024 <br />Amounts reported for governmental activities in the Statement of Net Assets are different because: <br />Capital assets used in governmental activities are not current financial resources and <br />therefore are not reported in this fund financial statement, but are reported in the <br />governmental activities of the Statement of Net Assets. 89,044,350 <br />Certain other long -term assets are not available to pay current period expenditures and <br />therefore are not reported in this fund financial statement, but are reported in the <br />governmental activities of the Statement of Net Assets. 806,219 <br />The assets and liabilities of certain internal service funds are not included in the fund <br />financial statement, but are included in the governmental activities of the Statement of <br />Net Assets. 1,673,124 <br />Long -term liabilities, including bonds payable, are not due and payable in the current <br />period and therefore are not reported in the funds. 75 204 077 <br />Net Assets of Governmental Activities in the Statement of Net Assets $ 80,098,640 <br />The accompanying notes are an integral part of these financial statements. <br />17 <br />