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2. RECONCILIATION OF GOVERNMENT -WIDE AND FUND FINANCIAL STATEMENTS <br />(Continued) <br />Explanation of Certain Differences Between the Governmental Fund Statement of Revenue, <br />Expenditures and Changes in Fund Balances and the Government -wide Statement of <br />Activities <br />The governmental fund statement of revenue, expenditures and changes in fund balances <br />includes a reconciliation between net changes in fund balances — total governmental fund and <br />changes in net assets of governmental activities as reported in the government -wide statement of <br />activities. One element of that reconciliation explains, "Governmental funds report capital <br />outlays as expenditures. However, in the statement of activities, the cost of those assets is <br />allocated over their estimated useful lives and reported as depreciation expense." The details of <br />this $16,108,299 difference are as follows: <br />Capital outlay $ 1917511125 <br />Depreciation expense ( 31642,826) <br />Net adjustment to increase net changes in fund balances - <br />total governmental funds to arrive at changes in net <br />assets of governmental activities $ 1611081299 <br />Another element of that reconciliation states, "Revenues in the statement of activities that do not <br />provide current financial resources are not reported as revenues in the funds." The details of this <br />$1,588,054 difference are as follows: <br />Property taxes $ 1971937 <br />Sales taxes 113871871 <br />Court fines 2,246 <br />Net adjustment to increase net changes in fund balances - <br />total governmental funds to arrive at changes in net <br />assets of governmental activities $ 115881054 <br />(continued) <br />33 <br />